Genuine Parts falls after downbeat annual profit forecast; co to spin off auto parts unit

Genuine Parts

17/02/2026 12:21

** Shares of automotive and industrial parts distributor Genuine Parts GPC.N down 7.2% at $136.61 premarket

        ** Co forecasts adjusted per-share profit in the range of $7.50 to $8.00, below estimates of $8.44 per share according to data compiled by LSEG

** GPC to separate itself into two independent cos - Automotive Parts Group and Industrial Parts Group

** Deal expected to close in Q1 2027

** Median PT of 13 brokerages covering the stock is $145 - data compiled by LSEG

** As of last close, stock up about 20% YTD

 (Reporting by Anshuman Tripathy)

 ((Anshuman.Tripathy@thomsonreuters.com))