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NYSE:CPAY

Corpay (CPAY) Stock Price, News & Analysis

$263.16
-4.77 (-1.78%)
(As of 05/28/2024 ET)
Today's Range
$262.87
$267.91
50-Day Range
$263.16
$316.29
52-Week Range
$220.39
$319.94
Volume
535,335 shs
Average Volume
462,914 shs
Market Capitalization
$18.49 billion
P/E Ratio
19.58
Dividend Yield
N/A
Price Target
$341.57

Corpay MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
29.8% Upside
$341.57 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.81mentions of Corpay in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
15.70%
From $17.84 to $20.64 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.03 out of 5 stars

Business Services Sector

60th out of 312 stocks

Business Services, Not Elsewhere Classified Industry

33rd out of 89 stocks

CPAY stock logo

About Corpay Stock (NYSE:CPAY)

Corpay, Inc. operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards. It also provides corporate payment solutions consisting of accounts payable automation; virtual cards, cross-border solutions; and purchasing and travel and entertainment card products, as well as lodging payments solutions for employees who travel overnight for work purposes; traveling crews and stranded passengers from airlines and cruise lines; and insurance policyholders displaced from their homes due to damage or catastrophe. In addition, the company offers gifts and payroll cards. It serves business, merchant, consumer, and payment network customers. The company was formerly known as FLEETCOR Technologies, Inc. and changed its name to Corpay, Inc. in March 2024. Corpay, Inc. was founded in 1986 and is headquartered in Atlanta, Georgia.

CPAY Stock Price History

CPAY Stock News Headlines

Navigating 8 Analyst Ratings For Corpay
Barclays Keeps Their Buy Rating on Corpay Inc (CPAY)
Q1 2024 Corpay Inc Earnings Call
Corpay records Q1 fuel payments revenue of $494M
Corpay Inc (CPAY) Gets a Buy from KBW
Corpay: Q1 Earnings Snapshot
Corpay: Good Growth Company Trading At A Discount
See More Headlines
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Company Calendar

Last Earnings
5/08/2024
Today
5/28/2024
Next Earnings (Estimated)
8/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Employees
10,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$341.57
High Stock Price Target
$376.00
Low Stock Price Target
$295.00
Potential Upside/Downside
+29.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$981.89 million
Pretax Margin
35.22%

Debt

Sales & Book Value

Annual Sales
$3.76 billion
Cash Flow
$20.62 per share
Book Value
$45.46 per share

Miscellaneous

Free Float
65,983,000
Market Cap
$18.49 billion
Optionable
Optionable
Beta
1.21
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Key Executives

  • Mr. Ronald F. Clarke (Age 68)
    Chairman, President & CEO
    Comp: $1.23M
  • Mr. Thomas E. Panther (Age 55)
    Chief Financial Officer
    Comp: $407.19k
  • Ms. Alissa B. Vickery (Age 45)
    Chief Accounting Officer
    Comp: $289.62k
  • Mr. Armando Lins Netto (Age 56)
    Group President of Vehicle Payments in Brazil and North America
    Comp: $550.29k
  • Mr. Alan King (Age 47)
    Group President of Vehicle Payments in Europe and Australasia
    Comp: $861.34k
  • Mr. Scott A. Dufour (Age 55)
    Chief Information Officer
  • Mr. James P. Eglseder
    Head of Investor Relations
  • Mr. Daniel S. Fishbein (Age 50)
    General Counsel
  • Mr. Steve C. Greene
    Executive Vice President of Corporate Development & Strategy
  • Mr. Dan Csont
    Chief Marketing Officer

CPAY Stock Analysis - Frequently Asked Questions

Should I buy or sell Corpay stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Corpay in the last twelve months. There are currently 1 sell rating, 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CPAY shares.
View CPAY analyst ratings
or view top-rated stocks.

What is Corpay's stock price target for 2024?

7 Wall Street research analysts have issued twelve-month target prices for Corpay's shares. Their CPAY share price targets range from $295.00 to $376.00. On average, they expect the company's share price to reach $341.57 in the next twelve months. This suggests a possible upside of 29.8% from the stock's current price.
View analysts price targets for CPAY
or view top-rated stocks among Wall Street analysts.

How have CPAY shares performed in 2024?

Corpay's stock was trading at $304.26 at the beginning of the year. Since then, CPAY shares have decreased by 13.5% and is now trading at $263.16.
View the best growth stocks for 2024 here
.

When is Corpay's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024.
View our CPAY earnings forecast
.

How were Corpay's earnings last quarter?

Corpay, Inc. (NYSE:CPAY) released its quarterly earnings data on Wednesday, May, 8th. The company reported $3.84 earnings per share for the quarter, beating analysts' consensus estimates of $3.80 by $0.04. Corpay had a net margin of 26.29% and a trailing twelve-month return on equity of 36.97%.

What guidance has Corpay issued on next quarter's earnings?

Corpay issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share guidance of 4.450-4.550 for the period, compared to the consensus EPS estimate of 4.760. The company issued revenue guidance of $960.0 million-$980.0 million, compared to the consensus revenue estimate of $1.0 billion.

Who are Corpay's major shareholders?

Corpay's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.91%), JPMorgan Chase & Co. (6.42%), Price T Rowe Associates Inc. MD (6.25%), Boston Partners (2.55%), Sustainable Growth Advisers LP (2.48%) and Mawer Investment Management Ltd. (1.61%).

How do I buy shares of Corpay?

Shares of CPAY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CPAY) was last updated on 5/28/2024 by MarketBeat.com Staff

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