JPMorgan Chase & Co. Boosts Corpay (NYSE:CPAY) Price Target to $470.00

Key Points

• JPMorgan raised Corpay’s price target from $400 to $470 and maintained an “overweight” rating, implying 17.63% potential upside from the reported share price. Analysts overall give the stock a “Moderate Buy” consensus rating with an average target of $418.
• Corpay’s latest quarter beat expectations, with EPS of $7.00 versus $6.58 forecast and revenue of $1.34 billion, up 21.5% year over year. The company also issued third-quarter and full-year 2026 EPS guidance above analyst estimates.
• Shares traded near their 12-month high at $399.55, while insiders have sold approximately $31.3 million of stock over the past 90 days. Institutional investors and hedge funds own 98.84% of Corpay’s outstanding shares.

Corpay (NYSE:CPAY - Get Free Report) had its price target raised by equities researchers at JPMorgan Chase & Co. from $400.00 to $470.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the corporate payments company's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 17.63% from the stock's current price.

A number of other equities research analysts have also recently weighed in on the company. Weiss Ratings restated a "buy (b-)" rating on shares of Corpay in a research note on Friday, July 24th. Keefe, Bruyette & Woods boosted their price objective on Corpay from $400.00 to $470.00 and gave the company an "outperform" rating in a report on Thursday. Loop Capital started coverage on Corpay in a research report on Monday, May 18th. They issued a "buy" rating and a $406.00 price objective for the company. Wolfe Research restated an "outperform" rating and issued a $475.00 price objective on shares of Corpay in a report on Thursday. Finally, Royal Bank Of Canada boosted their target price on shares of Corpay from $363.00 to $423.00 and gave the company a "sector perform" rating in a report on Thursday. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Corpay has an average rating of "Moderate Buy" and a consensus target price of $418.00.

Corpay Stock Performance

Shares of CPAY stock traded up $5.02 during trading hours on Thursday, reaching $399.55. 683,082 shares of the company traded hands, compared to its average volume of 636,819. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.98 and a quick ratio of 0.98. Corpay has a 12-month low of $252.84 and a 12-month high of $405.95. The company has a market cap of $26.11 billion, a P/E ratio of 23.91, a P/E/G ratio of 1.08 and a beta of 0.87. The firm has a 50-day moving average price of $356.34 and a 200 day moving average price of $337.74.

Corpay (NYSE:CPAY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.58 by $0.42. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.30 billion. Corpay had a return on equity of 38.68% and a net margin of 24.60%.Corpay's revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.13 EPS. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. As a group, sell-side analysts predict that Corpay will post 25.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Armando Lins Netto sold 70,476 shares of Corpay stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the sale, the insider owned 11,274 shares of the company's stock, valued at approximately $3,969,913.62. The trade was a 86.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven T. Stull sold 1,000 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $360.78, for a total value of $360,780.00. Following the transaction, the director directly owned 28,241 shares of the company's stock, valued at $10,188,787.98. This represents a 3.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 88,677 shares of company stock valued at $31,304,091 in the last 90 days. Insiders own 5.19% of the company's stock.

Hedge Funds Weigh In On Corpay

Several large investors have recently bought and sold shares of the stock. MV Capital Management Inc. acquired a new stake in Corpay during the 4th quarter valued at $25,000. Leonteq Securities AG acquired a new stake in shares of Corpay in the 4th quarter valued at approximately $27,000. Axiom Investment Management LLC acquired a new position in shares of Corpay during the first quarter worth about $27,000. BOKF NA raised its holdings in shares of Corpay by 4,700.0% in the third quarter. BOKF NA now owns 96 shares of the corporate payments company's stock valued at $28,000 after purchasing an additional 94 shares during the last quarter. Finally, Torren Management LLC bought a new position in shares of Corpay in the fourth quarter valued at $29,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Key Corpay News

Here are the key news stories impacting Corpay this week:

• Positive Sentiment: Q2 results exceeded expectations. Corpay reported adjusted earnings of $7.00 per share versus the $6.58 consensus estimate, while revenue rose 21.5% year over year to $1.34 billion, beating the $1.30 billion forecast. Management cited strong Corporate Payments performance, expanding margins and double-digit organic revenue growth for the fifth consecutive quarter. Corpay Reports Second Quarter Financial Results
• Positive Sentiment: Full-year and third-quarter forecasts were raised above analyst expectations. Corpay guided to 2026 EPS of $27.15-$27.55, above the $26.52 consensus, and third-quarter EPS of $7.05-$7.25 versus estimates of $6.96. Third-quarter revenue guidance of approximately $1.4 billion also exceeds the roughly $1.3 billion consensus. Corpay Q2 Earnings Beat Estimates on Corporate Payments Strength
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target. The firm increased its target from $400 to $470 and reiterated an “outperform” rating, indicating continued confidence in Corpay’s earnings momentum and valuation potential. Keefe, Bruyette & Woods Price Target Update
• Neutral Sentiment: Corpay agreed to sell its non-core UK vehicle-payments businesses—epyx, r2c Online and Business Gateway—to OEConnection. The divestiture could sharpen management’s focus on higher-priority corporate payments operations, although financial terms and the immediate earnings impact were not disclosed. Corpay Announces Agreement to Sell Non-Core Vehicle Payments Business

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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