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12 stories mentioning GPCUpdated 8d ago

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Wire

Genuine Parts Delivers In-line Q2 as Focus Returns to Separation Plan, UBS Securities Says

Genuine Parts (GPC) delivered an in-line Q2, with focus shifting back to segment performance and the planned corporate separation, UBS Securities said in a note Wednesday.Analysts said management made it clear that the company remains fully committed to the separation, is not in discussions with O'Reilly Automotive (ORLY), and views recent reports and market speculation as "largely noise."Management clarified that the previously disclosed $50 million to $75 million in Motion standalone costs are no longer expected to be incremental expenses and will instead be covered within the existing corporate cost structure, according to the note.Based on its 2025 corporate cost base of about $360 million, management expects $210 million to $230 million to be allocated to Automotive, including about $20 million in asbestos-related expenses. The previously discussed $50 million to $75 million in separation-related costs are expected to be split evenly between the two businesses, analysts said."The market is eager for greater visibility around post-separation leadership structures, but this will happen down the road," analysts said.UBS Securities lowered its price target on Genuine Parts to $122 from $125, while keeping its neutral rating.Shares of Genuine Parts were up more than 2% in Wednesday trading.Price: $121.68, Change: $+2.56, Percent Change: +2.15%

$GPC$ORLY
Wire

Truist Securities Raises Genuine Parts Price Target to $126 From $124, Hold Rating Maintained

Genuine Parts (GPC) has an average rating of overweight and mean price target of $134.62, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $117.68, Change: $-4.73, Percent Change: -3.86%

$GPC
Wire

O'Reilly Automotive Poised for Strong Full-Year Delivery Despite Q2 Softness, RBC Says

O'Reilly Automotive (ORLY) is expected to deliver toward the upper end of full-year guidance, despite softening Q2 trends, RBC Capital Markets said in a note Tuesday.The company is scheduled to report Q2 results on July 29.The analysts said they have lowered their Q2 and 2026 estimates for the company following softer third-party data. They now expect Q2 comparable sales to rise 5.7%, down from 6.7% prior, versus consensus of 5.5%, and adjusted earnings per share to increase 11% year-over-year to $0.87, down from $0.88 earlier, versus consensus of $0.86.For 2026 and 2027, RBC now models comparable sales forecasts of 4.9% and 4.0%, respectively, and lowered its adjusted EPS estimates to $3.26 and $3.66. "Importantly, despite softening trends, we continue to expect 2026 delivery towards the upper-end of guidance," the analysts added.They also said a potential deal with Genuine Parts (GPC) is unlikely due to significant US store overlap, antitrust and cannibalization concerns, and complications related to Genuine Parts' ownership structure.RBC maintained its outperform rating and a $110 price target on O'Reilly Automotive.Price: $87.81, Change: $+3.28, Percent Change: +3.88%

$GPC$ORLY
Sectors

Sector Update: Consumer Stocks Mixed Premarket Tuesday

Consumer stocks were mixed premarket Tuesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.1% higher.UTZ Brands (UTZ) has entered into a definitive agreement through which Intersnack Group will acquire all of its outstanding common stock for $14.25 per share in cash and take it private, the companies said. Shares of UTZ Brands were up more than 88% pre-bell.Hasbro (HAS) stock was up more than 3% after the company reported fiscal Q2 adjusted earnings and net revenue that topped analysts' expectations.Genuine Parts (GPC) posted higher Q2 adjusted earnings and net sales. Shares of Genuine Parts were down more than 6% premarket.

$GPC$HAS$UTZ$XLP$XLY
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Tuesday as Semiconductor Recovery Supports Markets

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.4%, and the actively traded Invesco QQQ Trust (QQQ) advanced 1.3% in Tuesday's premarket activity, as semiconductor shares rebounded and investors welcomed reports of renewed efforts to broker a ceasefire between the US and Iran.US stock futures were also higher, with S&P 500 Index futures up 0.5%, Dow Jones Industrial Average futures advancing 0.4%, and Nasdaq futures gaining 1.4% before the start of regular trading.State-level unemployment data for June will be released at 10:00 am ET.In premarket action, bitcoin was up by 1.7%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.8% higher, Ether ETF (EETH) advanced 1.8%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) was up 1.7%, and the iShares US Technology ETF (IYW) was 2.8% higher, while the iShares Expanded Tech Sector ETF (IGM) was down 0.5%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) increased 3%, while the iShares Semiconductor ETF (SOXX) rose by 4%.Calix (CALX) shares were down more than 10% in premarket activity after the company reported overnight fiscal Q3 adjusted earnings forecast below market expectations, taking the shine off its Q2 beat.Winners and Losers:EnergyThe iShares US Energy ETF (IYE) was flat, while the State Street Energy Select Sector SPDR ETF (XLE) retreated marginally by 0.03%.Magnolia Oil & Gas (MGY) stock was down more than 5% before market open after the company priced its underwritten public offering of 46.3 million Class A shares at $23.75 per share.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.5%, the Vanguard Industrials Index Fund (VIS) was inactive, and the iShares US Industrials ETF (IYJ) rose 2%.3M (MMM) stock was up 6.7% before the opening bell after the company reported higher Q2 adjusted earnings and revenue.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 0.4%, the Vanguard Health Care Index Fund (VHT) was up 0.5%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) declined by 0.02%.Novartis (NVS) stock was up more than 3% premarket after the company reported higher-than-expected Q2 core earnings and net sales.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.1%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.4% higher.Columbia Financial (CLBK) shares traded down 3% in early-hours activity after the company said it completed its conversion from a mutual holding company structure and closed its previously announced $580 million acquisition of Northfield Bancorp.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.1%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.3%, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.2%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) retreated 0.01%.Genuine Parts (GPC) shares were down 6.2% pre-bell after the company reported higher Q2 adjusted earnings and net sales.CommoditiesFront-month US West Texas Intermediate crude oil advanced by 1.6% to $84.55 per barrel on the New York Mercantile Exchange. Natural gas was up by 0.4% to $2.87 per 1 million British Thermal Units. The United States Oil Fund (USO) was up 2%, while the United States Natural Gas Fund (UNG) was 0.6% higher.Gold futures for July advanced 1.2% to $4,062.80 an ounce on the Comex. Silver futures were up 3.7% to $59.17 an ounce. SPDR Gold Shares (GLD) increased 1.3%, and the iShares Silver Trust (SLV) was 4.6% higher.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$CALX$CLBK$EEM$EETH$EXI$FAS$FAZ$GLD$GPC$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$MGY$MMM$NVS$PMR$QQQ$RTH$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Stocks Rise Pre-Bell as Investors Await More Earnings, Monitor Middle East Developments
US Markets

Stocks Rise Pre-Bell as Investors Await More Earnings, Monitor Middle East Developments

US equity futures were tracking in the green on Tuesday as traders await the latest batch of corporate earnings and assess the latest developments in the Middle East.The S&P 500 rose 0.5%, the Dow Jones Industrial Average gained 0.3% and the Nasdaq added 1.3% in premarket activity. The indexes closed the previous trading session lower.Charles Schwab (SCHW), Danaher (DHR), 3M (MMM), Northrop Grumman (NOC), General Motors (GM), D.R. Horton (DHI), Genuine Parts (GPC) and Hasbro (HAS) are some of the major companies scheduled to release their latest financial results before the bell.Interactive Brokers (IBKR) and Alaska Air (ALK) post earnings after the markets close, among others."The reporting calendar is shifting beyond the first wave of money-center banks toward large tech, industrial and consumer names," Tigress Financial said in a note Monday. "The narrative will increasingly focus on whether (artificial intelligence) platforms, cloud providers and key cyclicals can match the strong bank prints without sparking renewed worries about margins or demand."The UK Maritime Trade Operations said Tuesday it has received multiple reports that a tanker was struck by an unknown projectile in the Strait of Hormuz. The US Central Command said Monday its forces completed their latest round of strikes against Iran.A senior official from Tehran told Reuters that mediators have forwarded a 10-day ceasefire proposal to Iran in an attempt to revive the interim deal reached with the US last month. Houthi militants in Yemen on Monday declared a maritime embargo against Saudi Arabia, effective immediately, CNBC reported, citing Yemen News Agency.President Donald Trump said Monday that "every time Iran kills an American soldier they will pay for that killing many times over." The US recently confirmed the passing of at least three service members during recent fighting with Iran.West Texas Intermediate crude oil edged up 0.3% to $83.49 a barrel before the opening bell, while Brent increased 0.4% to $89.60.Trump signed three proclamations on Monday to impose 50% tariffs on the imports of motor vehicles, alcohol and dairy products from Canada, in response to its "discriminatory treatment of American products," according to the White House. The tariffs are set to come into effect after 30 days.Treasury yields were moving downwards in premarket action, with the two-year rate retreating 1.9 basis points to 4.2% and the 10-year rate off 0.4 basis points to 4.59%.Gold advanced 1.4% to $4,073 per troy ounce, while bitcoin climbed 1.9% to $66,296.

Dow JonesNasdaq CompositeS&P 500$ALK$DHI$DHR$GM$GPC$HAS$IBKR$MMM$NOC$SCHW
Wire

Market Chatter: Genuine Parts' Auto-Parts Unit Draws Bid From O'Reilly

Genuine Parts (GPC) has received a cash bid for its auto-parts business from O'Reilly Automotive (ORLY), Bloomberg reported Thursday, citing people familiar with the matter.The business could be valued at $10 billion or more in a deal, according to the report, which cited unnamed sources.Genuine Parts and O'Reilly Automotive did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $132.00, Change: $+14.60, Percent Change: +12.44%

$GPC$ORLY
Insider Trading

Genuine Parts Insider Sold Shares Worth $268,295, According to a Recent SEC Filing

Christopher T Galla, Senior Vice President, General Counsel, and Corporate Secretary, on June 26, 2026, sold 2,333 shares in Genuine Parts (GPC) for $268,295. Following the Form 4 filing with the SEC, Galla has control over a total of 21,969 common shares of the company, with 21,969 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/40987/000197703126000007/xslF345X05/wk-form4_1782501247.xmlPrice: $115.60, Change: $+2.61, Percent Change: +2.31%

$GPC
Research

DA Davidson Initiates Genuine Parts at Buy With $145 Price Target

Genuine Parts Company (GPC) has an average rating of overweight and mean price target of $134, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$GPC
Wire

Jefferies Adjusts Genuine Parts Price Target to $128 From $135, Maintains Hold Rating

Genuine Parts (GPC) has an average rating of overweight and mean price target of $132.43, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $110.86, Change: $-0.88, Percent Change: -0.79%

$GPC
Research

Research Alert: Gpc: A Slight Beat & Guidance Unchanged; Company Split On Track For Q1 2027

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Genuine Parts Company (GPC) posted Q1 adjusted EPS of $1.77 vs. $1.75 (+1%), two cents ahead of consensus. Net sales rose 6.8% to $6.26B ($100M ahead of consensus), and gross margin expanded 20 bps to 37.3% (in line). Net sales growth was led by the International Automotive (+13.2%) segment (mainly due to foreign exchange), while the Industrial (+5.2%) and North American Automotive segments (+4.3%) experienced weaker growth. GPC maintained full-year adjusted EPS guidance of $7.50-$8.00, which compares to the current consensus of $7.72. Management reaffirmed the Q1 2027 timeline for completing the split of its Global Automotive and Global Industrial segments into two independent public companies. GPC shares are trading 3% lower in pre-market trading, as the magnitude of the beat and unchanged guidance is doing little to inspire investors after a sharp sell-off since its last earnings release on February 17. In our view, the stock lacks a near-term catalyst absent the expected company split in early 2027.

$GPC
US Markets

Stocks Rise Pre-Bell as Traders Weigh Uncertainty Over US-Iran Talks

US equity futures were pointing higher on Tuesday as traders monitor uncertainty over a potential fresh round of talks between the US and Iran and await the latest batch of corporate earnings.The S&P 500 and the Dow Jones Industrial Average rose 0.2% each in premarket activity, while the Nasdaq added 0.3%. The S&P 500 and the Nasdaq finished the previous trading session lower, with the latter snapping a 13-day winning streak, while the Dow was little changed.President Donald Trump said Vice President JD Vance is ready to leave for Pakistan for a second round of peace talks with Iran, according to a Bloomberg report. Iran, however, hasn't publicly confirmed if any representative from its side will participate in the latest proposed negotiations."We do not accept negotiations under the shadow of threats, and in the past two weeks, we have prepared to reveal new cards on the battlefield," Iranian Parliament Speaker Mohammad Bagher Ghalibaf said in a Monday post on X. Iran's President Masoud Pezeshkian said in a social media post that the country still has "deep historical mistrust" towards the US government's conduct.Trump said Monday that the US is not likely to extend its current ceasefire with Iran if a deal isn't agreed, Bloomberg News reported. The ceasefire is set to expire "Wednesday evening Washington time," Trump reportedly said."I'm not going to be rushed into making a bad deal," Trump said in a phone interview, according to Bloomberg. "We've got all the time in the world."The US-Iran ceasefire may be extended by up to two weeks, though it will take much longer to hammer out a complete peace agreement, Macquarie Group said in a note on Monday.West Texas Intermediate crude oil declined 1.2% to $88.55 a barrel before the opening bell, while Brent decreased 0.9% to $86.68."Oil prices are being whipsawed by developments in the Middle East once again, with what appears to be de-escalation quickly turning to re-escalation," ING Bank said in a Monday report.Treasury yields were moving upwards in premarket action, with the two-year rate gaining 2.1 basis points to 3.74% and the 10-year rate edging 0.6 basis points higher to 4.26%.GE Aerospace (GE), UnitedHealth (UNH), Danaher (DHR), Northrop Grumman (NOC), 3M (MMM), D.R. Horton (DHI), Tractor Supply (TSCO) and Genuine Parts (GPC) are scheduled to report their latest financial results before the bell, among others.Shares of Amazon.com (AMZN) inclined 2.7% pre-bell after the e-commerce giant said it will invest $5 billion in artificial intelligence startup Anthropic and up to another $20 billion in the future if certain commercial milestones are met.Apple (AAPL) nudged 0.3% lower after the iPhone maker announced that Tim Cook will step down as chief executive and become executive chairman, with hardware engineering veteran John Ternus set to succeed him as CEO. Alaska Air (ALK) fell 2.9% after reporting its latest quarterly results.Tuesday's economic calendar has the retail sales report for March at 8:30 am ET, followed by the pending home sales index for the same month at 10 am.Federal Reserve Chair nominee Kevin Warsh's hearing before the Senate Banking committee is slated for 10 am. Fed Governor Christopher Waller is expected to speak at 2:30 pm.Gold slipped 0.6% to $4,801 per troy ounce, while bitcoin traded up 0.4% at $76,575.

Dow JonesNasdaq CompositeS&P 500$AAPL$ALK$AMZN$DHI$DHR$GE$GPC$MMM$NOC$TSCO$UNH

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