124.62
price up icon0.56%   0.65
 
loading

Why is Genuine Parts Co (GPC) Stock down?

19 Oct, 2023:

Genuine Parts Company Stock (GPC) dropped by 12.51% from $148.73 to $130.12 in the trading on Thursday October 19, 2023. The reason why GPC stock down today is due to the missed Q3 earnings as its U.S. auto parts unit underperformed and same-store sales were little changed from a year ago. It seemed to weigh on the stock as did the broader market sell-off, causing GPC stock down today.

  • Revenue was up 2.6% year-over-year to $5.82 B, while analysts were looking for $5.91 B.
  • The growth in sales is attributable to a 0.5% increase in comparable sales, a 1.7% benefit from acquisitions and a 0.4% net favorable impact of foreign currency and other.
  • Genuine Parts reiterated its full-year guidance, except for EPS, which it narrowed to $9.20 - $9.30 from $9.15 - $9.30.
$63.33
price up icon 0.51%
$14.26
price down icon 0.10%
auto_parts LKQ
$42.30
price down icon 0.65%
auto_parts MGA
$37.02
price down icon 0.11%
$97.58
price down icon 0.15%
Cap:     |  Volume (24h):