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Valued at a market cap of $19.8 billion, Genuine Parts Company (GPC) operates in the automotive and industrial replacement parts sector. Based in Atlanta, Georgia, the company distributes a wide range of parts and materials, including those for hybrid and electric vehicles, as well as industrial components and related services.
Shares of the auto and industrial parts distributor have lagged behind the broader market over the past 52 weeks. GPC has declined 7.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 27%. In 2024, shares of GPC are up 2.7%, compared to SPX's 18.1% gain on a YTD basis.