Genuine Parts Q3 adjusted EPS beats estimates on higher comparable  sales 

Overview

• US auto and industrial parts distributor's Q3 sales rose 4.2%, meeting analyst expectations

• Adjusted EPS for Q3 was $2.07, beating analyst expectations

• Company narrowed 2026 adjusted EPS outlook to $7.50-$7.75

Outlook

• Genuine Parts narrows 2026 adj EPS outlook to $7.50-$7.75 from $7.50-$8.00

• Company lowers 2026 GAAP EPS outlook to $5.60-$5.85 from $5.90-$6.40

• Company maintains 2026 sales growth outlook at 3% to 5.5%

Result Drivers

• COMPARABLE SALES - Co said Q3 sales growth was mainly driven by higher comparable sales, acquisitions and favorable currency

• INDUSTRIAL SEGMENT - Co said industrial segment led growth with strong comparable sales and margin improvement

• RESTRUCTURING COSTS - Co said restructuring and separation costs affected reported earnings

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

• Wall Street's median 12-month price target for Genuine Parts Co is $135.50, about 4.1% above its October 19 closing price of $130.18

• The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)