01:25 PM EDT, 07/22/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
We increase our 12-month target price by $15 to $145, based on a 2026 P/E of 16.9x, a justified discount to GPC's 10-year mean forward P/E of 18.2x. We lower our adjusted EPS estimates to $7.70 from $8.00 for 2025 and to $8.60 from $8.95 for 2026. GPC posted Q2 adjusted EPS of $2.10 vs. $2.44 (-14%), ahead of the $2.06 consensus. Net sales rose 3.4% to $6.16 billion ($50 million ahead of consensus), and gross margin expanded 110 bps to 37.7% (70 bps ahead of consensus). Net sales growth was led by 5.0% growth in the Automotive segment, while the Industrial segment saw an increase of 0.7%. Comp sales growth was tepid, at 0.2%, with acquisitions contributing 2.6% to the top-line expansion. GPC lowered prior full-year adjusted EPS guidance to $7.50-$8.00 from $7.75-$8.25, the midpoint of which is ahead of the current consensus of $7.73 but implies a decline from the $8.16 earned in 2024. We maintain a Buy rating, as we see resilient results for the Automotive segment and easier Y/Y earnings comps going forward.