Genuine Parts Cuts Profit Forecast, Denies Takeover Rumors as Rivals Rise
Genuine Parts lowered its 2026 profit outlook amid weaker consumer demand. CEO Will Stengel denied rumors of a rival acquiring its automotive business.
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O’Reilly Automotive Makes Cash Bid for Genuine Parts’ $10B Auto Unit
The potential acquisition could reshape the auto aftermarket as GPC focuses on its industrial business.
Genuine Parts Weighs Business Separation
Atlanta-based Genuine Parts Co. is weighing separating its profitable auto parts unit (63% of sales) from its industrial business after settling with Elliott Investment Management.