The company is also riding high on strategic acquisitions. This is likely to have boosted demand for GPC’s products, thereby aiding its revenues. The increasing longevity of vehicles is serving as a key catalyst for auto replacement and repair companies. The company reported net sales of $5,765.1 million, outpacing the Zacks Consensus Estimate of $5,686 million. Higher-than-expected sales and operating profits across both segments resulted in this outperformance. In first-quarter 2023, GPC’s adjusted earnings per share of $2.14 surpassed the consensus mark of $2.02 and rose 15.1% year over year. Genuine Parts Company price-eps-surprise | Genuine Parts Company Quote Q1 Highlights Genuine Parts Company Price and EPS Surprise
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