Truist Financial Remains Bullish on Genuine Parts Company (GPC)

Genuine Parts Company (NYSE:GPC) is one of the best automotive stocks to buy according to hedge funds. In a report released on August 27, Scot Ciccarelli from Truist Financial maintained a Buy rating on Genuine Parts Company (NYSE:GPC) without assigning a price target.

Looking for Stability? Genuine Parts Company (GPC) Could Be a Smart Buy and Hold Choice

Genuine Parts Company (NYSE:GPC) reported its fiscal Q2 2025 results on July 22, with sales for the quarter reaching $6.2 billion and a diluted EPS of $1.83.

The company also revised its fiscal 2025 outlook, with revenue growth of 1% to 3% from 2% to 4%, and adjusted diluted EPS of $7.50 to $8.00 from $7.75 to $8.25.

Genuine Parts Company (NYSE:GPC) is involved in the distribution of automotive and industrial replacement parts. The company’s operations are divided into the following segments: Automotive Parts Group, Industrial Parts Group, and Corporate.

While we acknowledge the potential of GPC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GPC and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.