Corpay, Inc (NYSE:CPAY – Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $479.53 and last traded at $470.4080, with a volume of 94,137 shares. The stock had previously closed at $418.60.
The corporate payments company reported $7.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.20 by $0.34. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Corpay had a return on equity of 42.18% and a net margin of 22.72%. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.70 EPS.
Key Corpay News
Here are the key news stories impacting Corpay this week:
- Positive Sentiment: Corpay reported Q3 adjusted earnings of $7.54 per share, above the roughly $7.20 analyst estimate, and revenue of $1.38 billion, ahead of expectations. Revenue grew 17.9% year over year. Corpay Q3 adjusted earnings, revenue increase; fiscal 2026 outlook raised
- Positive Sentiment: The company raised its fiscal 2026 outlook, projecting revenue of $5.34 billion to $5.36 billion versus the $5.32 billion FactSet estimate. It also forecast 9%–11% organic revenue growth in 2027 and said it plans to deploy about $2 billion of free cash flow. Corpay projects 2027 organic revenue growth and free cash flow deployment
- Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $525 from $470 and reiterated an “outperform” rating, signaling increased confidence in the shares. Tickerreport coverage of Corpay analyst price-target increase
- Neutral Sentiment: Corpay completed the sale of its vehicle maintenance business. The available report did not specify the sale terms or financial impact. Corpay completes sale of vehicle maintenance business
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on CPAY shares. UBS Group raised their price objective on shares of Corpay from $385.00 to $415.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Weiss Ratings raised shares of Corpay from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Cantor Fitzgerald upped their price target on shares of Corpay from $415.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Wall Street Zen cut shares of Corpay from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Finally, Scotiabank initiated coverage on shares of Corpay in a research note on Wednesday, September 2nd. They set an “outperform” rating and a $536.00 price target for the company. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Corpay has a consensus rating of “Moderate Buy” and a consensus target price of $454.23.
View Our Latest Stock Report on CPAY
Insider Transactions at Corpay
In other news, CEO Ronald Clarke sold 119,486 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $412.40, for a total value of $49,276,026.40. Following the completion of the sale, the chief executive officer owned 2,354,330 shares of the company’s stock, valued at approximately $970,925,692. This represents a 4.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven Stull sold 2,357 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $413.62, for a total value of $974,902.34. Following the transaction, the director owned 21,241 shares of the company’s stock, valued at $8,785,702.42. This trade represents a 9.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 220,860 shares of company stock worth $91,395,514 in the last quarter. Corporate insiders own 5.19% of the company’s stock.
Institutional Trading of Corpay
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CPAY. Axiom Investment Management LLC acquired a new position in shares of Corpay in the 1st quarter worth approximately $27,000. Burkett Financial Services LLC bought a new stake in shares of Corpay in the 3rd quarter valued at $30,000. Strive Financial Group LLC acquired a new stake in shares of Corpay during the second quarter worth $35,000. Western Wealth Management LLC acquired a new stake in shares of Corpay during the first quarter worth $36,000. Finally, CoreCap Advisors LLC increased its position in shares of Corpay by 1,246.2% during the second quarter. CoreCap Advisors LLC now owns 175 shares of the corporate payments company’s stock worth $58,000 after buying an additional 162 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.
Corpay Price Performance
The business’s 50 day moving average is $403.19 and its two-hundred day moving average is $359.03. The firm has a market cap of $30.23 billion, a P/E ratio of 28.24, a P/E/G ratio of 1.11 and a beta of 0.94. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.70.
Corpay Company Profile
Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions. Its services are designed to help organizations manage payables, card programs, travel and fleet-related expenses, and cross-border transactions more efficiently.
The company serves customers across a variety of industries and geographies, offering software and payment tools that streamline accounts payable, vendor payments, and workforce payments. Corpay also provides specialized solutions for fleet management and international payments, helping businesses control costs and simplify financial operations.
Corpay operates as part of the broader financial technology and payment processing sector.
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