Genuine Parts Co

GPC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$861.00	Gpqbjh	Tlwqkgqm

Genuine Parts Has Competitive Advantages in Its Automotive and Industrial Units

David Swartz

Oct 24, 2023

Business Strategy and Outlook

As a top distributor of automotive and industrial parts (roughly two thirds and one third of net sales, respectively), Genuine Parts benefits from industry dynamics favoring its scale-enabled service levels. We believe it will use its cost advantage to boost sales through its ability to offer a wide variety of parts on short order, building inventory and cost leverage as sales rise while fortifying brand value in a way that subscale peers cannot economically replicate.

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