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With a market cap of $17.4 billion, Genuine Parts Company (GPC) is a global distributor of automotive and industrial replacement parts, operating through two primary segments: Automotive Parts and Industrial Parts. The Atlanta, Georgia-based company serves a wide range of customers across various industries, offering products and services for both vehicle repair and industrial maintenance.
Shares of the auto parts chain have underperformed the broader market over the past 52 weeks. GPC has declined 9.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 31%. In 2024, shares of GPC are down 9.9%, compared to SPX’s 25.2% gain on a YTD basis.