Scot Ciccarelli's questions to GENUINE PARTS (GPC) leadership • Q3 2025
Question
Scot Ciccarelli asked if independent owners are losing market share due to managing down inventory levels and if this could be quantified. He also questioned whether there's a point where independents will need to rebuild their inventory levels.
Answer
Executive Vice President and CFO Bert Nappier stated that independents are mindful of inventory but not necessarily losing share, and GPC's initiatives are effective. He affirmed that, on the margin, independents could buy more inventory, but current inventory levels are healthy and not a reason for underperformance, with elevated interest rates influencing cautious replenishment.