Analyst Consensus ?
ConsensusHold23 ratings
Bullish1043.5%
Neutral1252.2%
Bearish14.3%
Genuine Parts Company · GPC · FY2024 Q3 · Calendar Q4 2024
Genuine Parts lowers outlook as costs and soft demand weigh on Q3
The supplied Q3 analysis does not support a near-term improvement thesis yet: acquisitions and operational investment strengthen the longer-term platform, but soft demand, cost pressure, and a reduced outlook outweighed those positives in the quarter.
Reported Before market openNYSEConsumer Cyclical
$17.20B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.88
Consensus $2.42
EPS surprise
-22.3%
Reported versus consensus
Reported revenue
$5.97B
Consensus $5.96B
Revenue surprise
+0.2%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-21.0%
Event window
SPY move
-0.1%
Same window
Abnormal move
-20.9%
Stock minus SPY
Volume
8.6×
Versus trailing sessions
Subsequent drift
+7.2%
Up to 20 sessions
GPCSPY benchmark
Ask FN2 about GPC FY2024 Q3
Transcript, numbers and history already loaded
Why did GPC fall 21.0% after missing EPS estimates in FY2024 Q3?What changed in GPC's guidance and outlook in FY2024 Q3?Give me the bull and bear case for GPC after FY2024 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior quarter, the outlook weakened further: Q3 earnings missed expectations, full-year sales and EPS guidance were reduced again, and management cited higher SG&A, cost inflation, and hurricane and cybersecurity disruptions. At the same time, acquisition expansion and investment in inventory, automation, and technology continued.
Guidance delta
Management lowered full-year 2024 sales-growth guidance to 1%-2% and EPS guidance to $6.60-$6.80, with adjusted EPS guidance of $8.00-$8.20.
Key takeaways
- Q3 sales grew modestly, but adjusted EPS was $1.88 and missed expectations amid soft demand, higher costs, and operational disruptions.
- Management continued investment in inventory depth, distribution-center automation, and technology despite near-term cost pressure.
- MPEC and Walker Automotive acquisitions expanded the store footprint and support a longer-term move toward a 50/50 company-owned and independent mix.
- Management expects improved market conditions later in the cycle, but industrial weakness, inflation, and integration execution remain risks.
Management priorities
- Expand inventory availability and SKU coverage.
- Automate distribution centers and improve service metrics.
- Advance technology investments, including the Krakow global technology center.
- Integrate recent acquisitions and pursue disciplined additional M&A.
- Maintain capital investment near 2% of revenue while advancing operational efficiency.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$125.5Current
$122Low
$149.67Average
$180High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 22, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| UBS | Neutral | Neutral | Maintain | Oct 21, 2026 |
| Truist Securities | Hold | Hold | Maintain | Oct 21, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Oct 12, 2026 |
| DA Davidson | Buy | Buy | Maintain | Aug 3, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Jul 22, 2026 |
| Goldman Sachs | Neutral | Sell | Upgrade | Nov 13, 2025 |
| Loop Capital | Buy | Buy | Maintain | Jul 24, 2025 |
| Wedbush | Neutral | Neutral | Maintain | Oct 23, 2024 |
| Jefferies | Hold | Hold | Maintain | Apr 19, 2024 |
| Stephens & Co. | Equal Weight | Equal Weight | Maintain | Jul 21, 2023 |
| B of A Securities | Buy | Neutral | Upgrade | Jun 1, 2023 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Apr 23, 2021 |
| Bank of America | Underperform | Buy | Downgrade | Dec 2, 2020 |
| CFRA | Hold | Hold | Maintain | May 6, 2020 |
| Argus | Buy | Hold | Upgrade | May 5, 2018 |
| Gabelli & Co. | Buy | Hold | Upgrade | Jul 21, 2017 |
| Argus Research | Buy | Hold | Upgrade | Jun 18, 2015 |
| Sterne Agee CRT | Buy | Neutral | Upgrade | May 4, 2015 |
| Sterne Agee | Buy | Neutral | Upgrade | May 4, 2015 |
| SunTrust Robinson Humphrey | Neutral | Buy | Downgrade | Aug 28, 2014 |
| BB&T Capital | Hold | Buy | Downgrade | Jul 19, 2013 |
| Wunderlich Securities | Hold | Hold | Maintain | Jul 17, 2013 |
| Wunderlich | Hold | Hold | Maintain | Jul 17, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $125.5. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Goldman Sachs | Analyst unavailable | $122 | $123.52 | -2.8% | Oct 20, 2026 |
| Truist Financial | Scot Ciccarelli | $131 | $123.52 | +4.4% | Oct 20, 2026 |
| D.A. Davidson | Analyst unavailable | $170 | $129.17 | +35.5% | Aug 3, 2026 |
| Truist Financial | Analyst unavailable | $126 | $121.38 | +0.4% | Jul 22, 2026 |
| Raymond James | Sam Darkatsh | $165 | $121.95 | +31.5% | Jul 22, 2026 |
| UBS | Michael Lasser | $122 | $119.12 | -2.8% | Jul 22, 2026 |
| D.A. Davidson | Chris Dankert | $150 | $125.92 | +19.5% | Jul 6, 2026 |
| D.A. Davidson | Analyst unavailable | $145 | $104.64 | +15.5% | Jun 15, 2026 |
| Raymond James | Sam Darkatsh | $145 | $116.16 | +15.5% | Feb 24, 2026 |
| Evercore ISI | Greg Melich | $160 | $118.56 | +27.5% | Feb 20, 2026 |
| UBS | Michael Lasser | $135 | $125.74 | +7.6% | Feb 18, 2026 |
| Truist Financial | Analyst unavailable | $127 | $125.74 | +1.2% | Feb 18, 2026 |
| Truist Financial | Analyst unavailable | $162 | $149.01 | +29.1% | Feb 12, 2026 |
| Evercore ISI | Analyst unavailable | $175 | $148.44 | +39.4% | Feb 11, 2026 |
| Evercore ISI | Greg Melich | $155 | $146.92 | +23.5% | Feb 10, 2026 |
| Truist Financial | Analyst unavailable | $146 | $133.74 | +16.3% | Oct 21, 2025 |
| UBS | Michael Lasser | $140 | $131.52 | +11.6% | Oct 10, 2025 |
| Evercore ISI | Analyst unavailable | $150 | $138.66 | +19.5% | Oct 1, 2025 |
| Evercore ISI | Greg Melich | $135 | $116.81 | +7.6% | Apr 4, 2025 |
| Bank of America Securities | Elizabeth Suzuki | $125 | $116.24 | -0.4% | Oct 24, 2024 |
| UBS | Michael Lasser | $125 | $113.11 | -0.4% | Oct 23, 2024 |
| UBS | Michael Lasser | $150 | $135.98 | +19.5% | Jul 3, 2024 |
| Wedbush | Seth Basham | $170 | $160.78 | +35.5% | Apr 19, 2024 |
| Truist Financial | Scot Ciccarelli | $183 | $160.23 | +45.8% | Apr 19, 2024 |
| CFRA | Garrett Nelson | $180 | $160.36 | +43.4% | Apr 18, 2024 |
| Truist Financial | Scot Ciccarelli | $167 | $154.28 | +33.1% | Apr 2, 2024 |
| CFRA | Garrett Nelson | $160 | $143.71 | +27.5% | Feb 15, 2024 |
| Truist Financial | Scot Ciccarelli | $191 | $157.19 | +52.2% | Jul 21, 2023 |
Track every rating change on GPC the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationGenuine Parts Company, established in Atlanta, Georgia in 1928, functions as a prominent global distributor specializing in automotive and industrial replacement parts, alongside associated materials. The company’s operations are segmented into its Automotive Parts Group and Industrial Parts Group. The Automotive Parts Group supplies an extensive inventory of replacement components for a wide spectrum of vehicles, including hybrid and electric models, trucks, SUVs, buses, motorcycles, recreational and farm vehicles, small engines, marine equipment, and heavy-duty machinery, as well as various accessory and supply items. Its diverse clientele encompasses automotive repair facilities, service stations, fleet operators, vehicle dealerships (cars and trucks), leasing firms, bus and truck lines, large-scale retailers, farms, industrial enterprises, and individual consumers. Concurrently, the Industrial Parts Group distributes critical industrial replacement parts and supplies.…
Historical context
All GPC earningsConsumer Cyclical peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| LVS Las Vegas Sands Corp. | FY2026 Q3 · Calendar Q4 2026 | -20.9% | -1.7% | LVS: Strong Macau Share Gains Offset Softer High-End Demand |
| TSLA Tesla, Inc. | FY2026 Q3 · Calendar Q4 2026 | +7.0% | +3.4% | Tesla Q3: FSD, Robotaxi and Megapack momentum drive expansion |
Latest beats and misses
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Missed on EPS
- METAFY2026 Q3 · October 21, 2026-41.4% EPS+0.5% move
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- AGNCZFY2026 Q3 · October 19, 2026-0.6% EPS+0.3% move
Get the GPC recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-10T18:38:36.707185+00:00
- Polygon adjusted daily market bars · 2026-10-22T11:40:44.355925+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-22T11:40:44.352981+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-22. For educational purposes only; not investment advice.