Corpay (NYSE:CPAY) Reaches New 1-Year High - Here's What Happened

Key Points

• Corpay shares reached a new 52-week high, trading as high as $427.46 and closing last at $419.89. The company has a $27.3 billion market capitalization.
• Analyst sentiment remains positive, with 12 Buy ratings and three Holds; the consensus price target is $438.93, while individual targets range as high as $480.
• Corpay exceeded quarterly expectations, reporting $7.00 in EPS and $1.34 billion in revenue, with revenue up 21.5% year over year. However, insiders sold roughly $116.2 million of stock over the past three months, including substantial sales by the CEO and a director.

Corpay, Inc (NYSE:CPAY - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The company traded as high as $427.46 and last traded at $419.89, with a volume of 16520 shares trading hands. The stock had previously closed at $416.40.

Analysts Set New Price Targets

Several research firms have weighed in on CPAY. JPMorgan Chase & Co. boosted their target price on shares of Corpay from $400.00 to $470.00 and gave the stock an "overweight" rating in a research report on Thursday, August 6th. Royal Bank Of Canada raised their price target on shares of Corpay from $423.00 to $438.00 and gave the stock a "sector perform" rating in a report on Monday. Cantor Fitzgerald lifted their price objective on shares of Corpay from $415.00 to $480.00 and gave the stock an "overweight" rating in a research note on Monday, August 10th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Corpay in a research note on Friday, July 24th. Finally, Loop Capital initiated coverage on shares of Corpay in a report on Monday, May 18th. They set a "buy" rating and a $406.00 price objective on the stock. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Corpay has an average rating of "Moderate Buy" and a consensus target price of $438.93.

Corpay Stock Performance

The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.97 and a current ratio of 0.97. The firm's 50 day simple moving average is $383.68 and its 200 day simple moving average is $347.80. The firm has a market capitalization of $27.30 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 1.11 and a beta of 0.87.

Corpay (NYSE:CPAY - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The corporate payments company reported $7.00 EPS for the quarter, beating the consensus estimate of $6.58 by $0.42. Corpay had a net margin of 22.72% and a return on equity of 42.18%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the firm earned $5.13 EPS. The business's revenue for the quarter was up 21.5% on a year-over-year basis. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. Sell-side analysts forecast that Corpay, Inc will post 25.75 earnings per share for the current fiscal year.

Insider Buying and Selling at Corpay

In other Corpay news, Director Steven T. Stull sold 2,357 shares of Corpay stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $413.62, for a total transaction of $974,902.34. Following the completion of the transaction, the director owned 21,241 shares in the company, valued at approximately $8,785,702.42. This trade represents a 9.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ronald Clarke sold 119,486 shares of the business's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $412.40, for a total value of $49,276,026.40. Following the completion of the transaction, the chief executive officer directly owned 2,354,330 shares of the company's stock, valued at approximately $970,925,692. This trade represents a 4.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 291,336 shares of company stock valued at $116,212,228. 5.19% of the stock is owned by insiders.

Institutional Trading of Corpay

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. MV Capital Management Inc. purchased a new stake in Corpay in the 4th quarter worth approximately $25,000. Leonteq Securities AG purchased a new position in shares of Corpay during the 4th quarter valued at approximately $27,000. Axiom Investment Management LLC purchased a new position in shares of Corpay during the 1st quarter valued at approximately $27,000. BOKF NA increased its holdings in shares of Corpay by 4,700.0% during the 3rd quarter. BOKF NA now owns 96 shares of the corporate payments company's stock valued at $28,000 after purchasing an additional 94 shares in the last quarter. Finally, DV Equities LLC acquired a new position in shares of Corpay in the 4th quarter valued at $30,000. 98.84% of the stock is owned by institutional investors and hedge funds.

About Corpay

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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