Yahoo Finance Why Genuine Parts (GPC) is a Top Growth Stock for the Long-Term
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why This 1 Growth Stock Should Be On Your Watchlist
Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Genuine Parts (GPC)
Atlanta-based Genuine Parts distributes automotive and industrial replacement parts and materials. As of Dec 31, 2023, the company had a network of more than 10,700 locations, primarily in North America, Europe and Australasia. Currently, Genuine Parts operates through two segments: Automotive Parts and Industrial.
GPC sits at a Zacks Rank #2 (Buy), holds a Growth Style Score of B, and has a VGM Score of A. Earnings and sales are forecasted to increase 6.3% and 3.1% year-over-year, respectively.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.08 to $9.92 per share. GPC also boasts an average earnings surprise of 3.6%.
Genuine Parts is also cash rich. The company has generated cash flow growth of 9.4%, and is expected to report cash flow expansion of 8.6% in 2024.
Investors should take the time to consider GPC for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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Genuine Parts Company (GPC): Free Stock Analysis Report
