Sep. 4 at 4:31 PM
🚗📈
$GPC pops after striking a deal with activist giant Elliott Mgmt. Elliott dropped
$1B+ into Genuine Parts, now its largest active shareholder.
The settlement adds 2 heavy-hitters to the board (ex-Home Depot CIO + ex-TricorBraun CEO) as
$GPC launches a strategic review to unlock value.
Shares jumped +2% on the news, building on a nearly 20% YTD run. With Elliott pushing for operational gains—not a sale—investors are betting the NAPA & Motion Industries parent could finally close its value gap vs. peers like FAST + GWW.
Is
$GPC about to shift gears from steady to turbo? 🚀