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Headquartered in Atlanta, Georgia, Genuine Parts Company (GPC) distributes automotive replacement parts and industrial parts and materials. Valued at a market cap of $16.9 billion, the company distributes equipment and parts to repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.
This auto parts distributor’s shares have massively underperformed the broader market over the past 52 weeks. GPC has declined 15.8% over this time frame, while the broader S&P 500 Index ($SPX) has soared 20.7%. Nonetheless, the stock is up 4.2% on a YTD basis, outpacing SPX’s 2.2% gain during the same time frame.