GENUINE PARTS CO (GPC)

Genuine Parts Company, incorporated in Georgia in 1928, is a global service provider of automotive and industrial replacement parts and value-added solutions. It serves customers from more than 10,800 locations, primarily in North America, Europe and Australasia, and operates in the automotive aftermarket and industrial parts distribution industries. In 2025 it had net sales of $24.3 billion, roughly 74% from North America, 16% from Europe and 10% from Australasia. On February 17, 2026, it announced its intention to separate into two independent, publicly traded companies, Global Automotive and Global Industrial, targeted for the first quarter of 2027 and subject to customary conditions, with no assurance it will occur.

The company reports three segments. North America Automotive (about 39% of net sales) operates through NAPA in the U.S. and UAP in Canada, with 6,864 locations, about 35% company-owned and 65% independently-owned, plus heavy vehicle banners such as Traction and TruckPro. International Automotive (about 24%) operates in Europe through Alliance Automotive Group and in Australasia through Repco, NAPA Auto Parts and a Two Wheel Division, with 3,199 locations. Industrial (about 37%) operates through Motion in North America and Motion Asia Pacific, with 755 locations. The automotive segments distribute replacement parts, accessories, tools, equipment and paint and collision supplies for cars, trucks, hybrids and electric vehicles, motorcycles, buses, farm machinery and heavy-duty equipment. Motion offers access to more than 10 million parts, including bearings, seals, hose, hydraulics, pumps, power transmission, tools, electrical and safety products and chemicals. It also provides onsite and vendor-managed inventory, RFID asset tracking, repair services and automation solutions.

Automotive customers include independent and national repair centers, dealerships, fleets and retail consumers, across more than one million customer locations. Do-it-for-me commercial customers represent about 80% of automotive sales and do-it-yourself retail customers about 20%. The automotive total addressable market is estimated at over $200 billion. The Industrial segment supports over 180,000 customers across about 900,000 locations, serving maintenance, repair and operations and OEM customers in industries such as mining, food and beverage, iron and steel, oil and gas, and pulp and paper. National accounts make up about 45% of Industrial sales, and its addressable market is estimated at over $150 billion.

The U.S. automotive business sources over one million parts from hundreds of suppliers, with about 55% of inventory bought from 10 major suppliers. Motion sources from nearly 40,000 suppliers, with about 45% of purchases from its top 50. Supplier agreements are generally non-exclusive. Automotive competitors include AutoZone, O'Reilly, Advance Auto Parts, LKQ and Bapcor, along with dealers, mass merchandisers and online retailers. Industrial competitors include Applied Industrial Technologies, Fastenal and W.W. Grainger. The company employs more than 65,000 people in 17 countries. Its NAPA business is headquartered in Atlanta, Georgia; AAG in London; GPC Asia Pacific in Melbourne; UAP in Montreal; Motion in Birmingham, Alabama; and Motion Asia Pacific in Sydney.