Corpay (NYSE:CPAY) Sets New 12-Month High on Strong Earnings

Key Points

• Corpay beat quarterly expectations: EPS was $7.54 versus the $7.20 consensus, while revenue of $1.38 billion topped estimates and grew 17.9% year over year.
• Shares reached a new 52-week high of $479.53 after the earnings announcement, rising from the prior close of $418.60.
• The company raised its fiscal 2026 revenue outlook to $5.34–$5.36 billion, above the $5.32 billion estimate, and forecast 9%–11% organic revenue growth in 2027.

Shares of Corpay, Inc (NYSE:CPAY - Get Free Report) hit 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 changing hands. The stock had previously closed at $418.60.

The corporate payments company reported $7.54 EPS for the quarter, topping the consensus estimate of $7.20 by $0.34. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.36 billion. Corpay had a net margin of 22.72% and a return on equity of 42.18%. Corpay's revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.70 EPS.

Corpay News Summary

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

Analyst Ratings Changes

CPAY has been the subject of a number of research analyst reports. Morgan Stanley boosted their price objective on Corpay from $455.00 to $460.00 and gave the stock an "overweight" rating in a report on Wednesday, October 28th. Weiss Ratings upgraded Corpay from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Wolfe Research increased their target price on Corpay from $475.00 to $530.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 25th. Raymond James Financial reissued an "outperform" rating and set a $442.00 price target on shares of Corpay in a report on Thursday, August 6th. Finally, JPMorgan Chase & Co. boosted their price target on Corpay from $400.00 to $470.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $454.23.

Insider Transactions at Corpay

In other Corpay news, Director Steven T. Stull sold 4,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $410.66, for a total transaction of $1,642,640.00. Following the transaction, the director owned 23,598 shares in the company, valued at $9,690,754.68. This represents a 14.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ronald Clarke sold 119,486 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $412.40, for a total transaction of $49,276,026.40. Following the transaction, the chief executive officer owned 2,354,330 shares in the company, valued at approximately $970,925,692. The trade was a 4.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 220,860 shares of company stock worth $91,395,514. 5.19% of the stock is owned by insiders.

Institutional Investors Weigh In On Corpay

A number of hedge funds and other institutional investors have recently made changes to their positions in CPAY. Axiom Investment Management LLC bought a new position in Corpay in the 1st quarter valued at approximately $27,000. Burkett Financial Services LLC bought a new stake in shares of Corpay during the third quarter worth $30,000. Strive Financial Group LLC bought a new stake in shares of Corpay during the second quarter worth $35,000. Western Wealth Management LLC bought a new stake in shares of Corpay during the first quarter worth $36,000. Finally, CoreCap Advisors LLC increased its holdings 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 in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Corpay Stock Up 10.0%

The firm's fifty day moving average price is $403.19 and its 200-day moving average price is $359.03. The company has a market capitalization of $30.23 billion, a price-to-earnings ratio of 28.24, a P/E/G ratio of 1.11 and a beta of 0.94. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.97 and a quick ratio of 0.97.

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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