shares of genuine parts co gpc jumped 24 into record territory in premarket trading thursday after the automotive and industrial replacement parts seller reported firstquarter earnings that beat expectations amid a doubledigit increase in samestore sales and raised its fullyear outlook net income rose to 2458 million or 172 a share from 2177 million or 150 a share in the yearago period excluding nonrecurring items adjusted earnings per share of 186 beat the factset consensus of 168 sales grew 185 to 529 billion above the factset consensus of 507 billion with comparable sales up 123 while cost of sales rose 186 to 347 billion automotive parts sales were up 109 to 33 billion and industrial parts sales increased 336 to 20 billion for 2022 the company raised its guidance ranges for adjusted eps to 770 to 785 from 745 to 760 and for sales growth to 10 to 12 from 9 to 11 the stock which was on track to open above the jan 4 record close of 14034 has gained 54 over the past three months through wednesday while the sp 500 spx has tacked on 14