Genuine Parts Co
GPC: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$954.00 | Tmdjbfv | Ycjnxwzp |
Genuine Parts Earnings: U.S. Sales Underwhelming but Overall Profitability Solid; Shares Undervalued
Genuine Parts’ third-quarter sales were disappointing, as comparable automotive sales in the United States fell 2.9%, but margins held up well and guidance was little changed. We do not expect to make any material change to our $160 fair value estimate. We view the shares, down about 11% on the day of the report, as undervalued.