Genuine Parts Co (GPC) News & EventsGPCNews & EventsGenuine Parts Co

Genuine Parts Confirms No Talks with Competitors, O'Reilly Shares Up Nearly 4%

Shares of auto parts retailers O'Reilly Automotive (ORLY), AutoZone (AZO) and Advance Auto Parts (AAP) are higher after Genuine Parts (GPC) commented on media reports that a rival had expressed interest in its automotive segment. On its Q2 earnings conference call, Genuine Parts Chairman and CEO Will Stengel said that while the company is aware of recent market speculation about a potential transaction between the Global Automotive business and a competitor, "I want to take this opportunity to officially confirm that we are not currently in discussions with any competitor." Stengel said Genuine Parts remains "committed" to maximizing shareholder value and "will always evaluate all potential options in that pursuit." The executive added that the company is making progress towards a separation in the first quarter of 2027 and is "excited" by the opportunity to create value as two "industry-leading" public companies. Following Genuine Parts' Q2 earnings report, DA Davidson said the read-through is positive for O'Reilly, Advance Auto, and AutoZone, with the lack of potential takeout offsetting the lower June trends, particularly because July has rebounded. In afternoon trading, shares of Genuine Parts are down 4% to $117.74, while O'Reilly is up nearly 4%, AutoZone is up 0.4%, and Advance Auto has gained nearly 5%.

Genuine Parts Denies Rival Acquisition Rumors, O'Reilly Shares Rise

Shares of auto parts retailers O'Reilly Automotive (ORLY), AutoZone (AZO), and Advance Auto Parts (AAP), moved higher in morning trading after Genuine Parts (GPC) denied rumors that a rival had expressed interest in its automotive segment. On its Q2 earnings conference call, Genuine Parts Chairman and CEO Will Stengel said that while the company is aware of recent market speculation about a potential transaction between the Global Automotive business and a competitor, "I want to take this opportunity to officially confirm that we are not currently in discussions with any competitor." Stengel said Genuine Parts remains "committed" to maximizing shareholder value and "will always evaluate all potential options in that pursuit." The executive added that the company is making progress towards a separation in the first quarter of 2027 and is "excited" by the opportunity to create value as two "industry-leading" public companies. Following Genuine Parts' Q2 earnings report, DA Davidson said the read-through is positive for O'Reilly, Advance Auto, and AutoZone, with the lack of potential takeout offsetting the lower June trends, particularly because July has rebounded. In morning trading, shares of Genuine Parts are down 7.3% to $113.51, while O'Reilly is up nearly 4%, AutoZone is up 0.4%, and Advance Auto has gained 3.9%.

Company Reaffirms FY26 Revenue View Up 3%-5.5%

Backs FY26 revenue view up 3%-5.5%. Backs FY26 effective tax rate 24%. Backs FY26 free cash flow $550M-$700M. The company said, "The company is reaffirming its adjusted diluted earnings per share outlook and updating elements of its previous full-year 2026 outlook provided in its earnings releases on February 17, 2026 and April 21, 2026."