Why Genuine Parts Stock Jumped Today
GPCGenuine Parts pany(GPC) The Motley Fool·2024-04-18 23:59

Investor confidence is rebounding for this reliable dividend stock. Shares of automotive and industrials parts maker Genuine Parts (GPC 12.66%) jumped on Thursday even though it's normally a sleepy stock. The company reported financial results for the first quarter of 2024 and raised its full-year profit guidance, which is why Genuine Parts stock was up 12% as of 11 a.m. ET. Investor confidence is on the rise In Q1, Genuine Parts' sales increased by less than 1% to $5.8 billion and its earnings per share (E ...