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.
Cool Weather Hits AutoZone Hard: Q3 Sales Miss Expectations, Shares Drop
AutoZone profit beat estimates but sales missed; cool weather slowed demand and shares fell about 10%.