Truist Financial Remains Bullish on Genuine Parts Company (GPC)

Genuine Parts Company (NYSE:GPC) is one of the best automotive stocks to buy according to hedge funds. In a report released on August 27, Scot Ciccarelli from Truist Financial maintained a Buy rating on Genuine Parts Company (NYSE:GPC) without assigning a price target.

Genuine Parts Company (NYSE:GPC) reported its fiscal Q2 2025 results on July 22, with sales for the quarter reaching $6.2 billion and a diluted EPS of $1.83.

The company also revised its fiscal 2025 outlook, with revenue growth of 1% to 3% from 2% to 4%, and adjusted diluted EPS of $7.50 to $8.00 from $7.75 to $8.25.

Genuine Parts Company (NYSE:GPC) is involved in the distribution of automotive and industrial replacement parts. The company’s operations are divided into the following segments: Automotive Parts Group, Industrial Parts Group, and Corporate.

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Disclosure: None. This article is originally published at Insider Monkey.