Top 10 Auto Parts Stocks That Could Surge On Trump’s Auto Tariff Relaxation

6. Genuine Parts Company (NYSE:GPC)

Genuine Parts Company operates as an industrial and automotive replacement parts distributor. The company operates through Industrial Parts Group and Automotive Parts Group segments. It supplies accessories, automotive parts, replacement parts and solutions for SUVs, motorcycles, hybrid & electric vehicles, buses, and other vehicles.

The company recently reported its Q4 2024 results, demonstrating a 3.3% YoY increase in top-line sales. Gross profit increased by 1.8% YoY, reaching $2.1 billion. The firm had a slightly higher debt due to insufficient operating cash flow to fund investing activities. A part of operating cash flow was used for share buybacks and dividend payments, a move questioned by many in the context of increasing debt.

CFO Bert Nappier highlighted the company’s focus on cost control by mentioning:

“Our global restructuring efforts announced last year have progressed ahead of plan, delivering cost savings at the high end of expectations.”

For 2025, the company expects 2% to 4% total sales growth aided by recovery in European and industrial markets in the latter half of the year. With the help of restructuring efforts, the firm anticipates producing additional savings valued between $100 million and $125 million in 2025.