/Genuine%20Parts%20Co_%20phone%20and%20website%20by-%20T_Scneider%20via%20Shutterstock.jpg)
Genuine Parts Company (GPC) is a Fortune 200 global distributor of automotive and industrial replacement parts, headquartered in Atlanta, Georgia. Founded in 1928, the company has grown into a multinational enterprise operating in over countries and is currently valued at a market cap of $16.9 billion.
This auto parts distributor’s shares have massively underperformed the broader market over the past 52 weeks. GPC has declined 15.2% over this time frame, while the broader S&P 500 Index ($SPX) has soared 10.1%. Nonetheless, the stock is up 8.7% on a YTD basis, outpacing SPX’s marginal dip during the same time frame.