Overview

* Genuine Parts ( GPC ) Q3 sales rise 4.9% to $6.3 bln, beating analysts' expectations

* Adjusted EPS for Q3 was $1.98, just below estimates

* Company raises 2025 revenue growth outlook to 3%-4% from 1%-3%

Outlook

* Genuine Parts ( GPC ) raises 2025 revenue growth forecast to 3%-4% from 1%-3%

* Company narrows 2025 adjusted EPS outlook to $7.50-$7.75 from $7.50-$8.00

* Genuine Parts ( GPC ) expects 2025 automotive sales growth of 4%-5%

Result Drivers

* AUTOMOTIVE SALES - Automotive segment sales increased by 5.0%, driven by acquisitions and favorable foreign currency impacts

* INDUSTRIAL SALES - Industrial segment sales rose 4.6%, primarily due to a 3.7% increase in comparable sales and a 1.1% benefit from acquisitions

* COST MANAGEMENT - Company focused on managing costs amid inflationary pressures, according to CEO Will Stengel

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $6.26 $6.12

bln bln (9

Analysts

)

Q3 Miss $1.98 $1.99 (9

ADJUSTED Analysts

EPS )

Q3 EPS $1.62

Q3 Net $226.17

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy."

* Wall Street's median 12-month price target for Genuine Parts Co ( GPC ) is $137.50, about 4.1% above its October 20 closing price of $131.81

* The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)