Corpay, Inc. (CPAY)
| Market Cap | 20.37B |
| Revenue (ttm) | 3.79B |
| Net Income (ttm) | 996.82M |
| Shares Out | 71.85M |
| EPS (ttm) | 13.44 |
| PE Ratio | 21.09 |
| Forward PE | 14.32 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 772,600 |
| Open | 285.33 |
| Previous Close | 283.22 |
| Day's Range | 282.85 - 287.85 |
| 52-Week Range | 220.39 - 319.94 |
| Beta | 1.22 |
| Analysts | Buy |
| Price Target | 350.17 (+23.54%) |
| Earnings Date | May 8, 2024 |
About 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 soluti... [Read more]
Financial Performance
In 2023, Corpay's revenue was $3.76 billion, an increase of 9.65% compared to the previous year's $3.43 billion. Earnings were $981.89 million, an increase of 2.89%.
Financial numbers in USD Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for CPAY stock is "Buy." The 12-month stock price forecast is $350.17, which is an increase of 23.54% from the latest price.
News
Paymerang Says Acquisition by Corpay Will Help Create Jobs
Paymerang said the planned acquisition of the company by Corpay will help Paymerang continue its mission and create new jobs. The provider of accounts payable (AP) automation solutions shared the news...
Corpay to Participate in Upcoming Investor Conferences
ATLANTA--(BUSINESS WIRE)--Corpay, Inc., (NYSE: CPAY) a global leader in corporate payments, today announced that the Company will participate in the following investor conferences: On Wednesday, May 1...
Aldrich Capital Partners Announces Sale of Paymerang to Corpay
MCLEAN, Va. , May 8, 2024 /PRNewswire/ -- Aldrich Capital Partners (ACP), a McLean-based growth equity firm, today announced the signing of definitive agreement for the sale of its portfolio company P...
Corpay Reports First Quarter 2024 Financial Results
ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), a leader in corporate payments, today reported financial results for its first quarter ended March 31, 2024. “Our results were in-line with our exp...
Corpay to Acquire a Full AP Corporate Payments Company
ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), a leading corporate payments company, today announced that it has signed a definitive agreement to acquire Paymerang, a leader in accounts payables...
Spirit Airlines Optimizes Baggage Operations and Reduces Costs with TA Ramp
MIAMI--(BUSINESS WIRE)--TA Connections advanced camera scanning technology has transformed the baggage ramp for Spirit Airlines Service Agents.
Corpay to Announce First Quarter 2024 Results on May 8, 2024
ATLANTA--(BUSINESS WIRE)--Corpay, Inc., (NYSE: CPAY) a global leader in corporate payments, today announced that the Company will host a conference call to discuss first quarter 2024 financial results...
3 Standout Small/Midcap Stocks in Active ETF TMSL
Is now the time to add midcap stocks to investor portfolios? The “Magnificent Seven” may have devolved into something more of a Fab Four, but diversification among large caps doesn't diminish the case...
Corpay Cross-Border Appoints Oliver Morris as new Head of Institutional Fund Services, EMEA
TORONTO--(BUSINESS WIRE)--Corpay1 (NYSE: CPAY), a global leader in corporate payments, is pleased to announce that Corpay's Cross-Border business has appointed private equity and fund administration i...
FLEETCOR Announces Rebranding to Corpay
ATLANTA--(BUSINESS WIRE)--FLEETCOR Technologies, Inc. (NYSE: FLT) (“the Company”) a leading global payments Company, announced today it has rebranded the Company Corpay, Inc. The name change better re...
FLEETCOR Invests in Brazilian Vehicle Payments Company
ATLANTA--(BUSINESS WIRE)--FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced the closing of a majority investment in Zapay. The investment further sca...
FLEETCOR to Participate in Upcoming Investor Conferences
ATLANTA--(BUSINESS WIRE)--FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced that the Company will participate in the following investor conferences: ...
Tiger Global slashes stakes in Magnificent Seven while piling into semiconductor makers
Tiger Global has slashed its positions in four of the five Magnificent Seven tech stocks that account for almost half of its portfolio, while upping its stake in Amazon.com and piling into semiconduct...
Business payments firm Fleetcor profit rises on higher spending
Business payments firm Fleetcor Technologies posted a 9% jump in its fourth-quarter adjusted profit on Wednesday, helped by higher spending from its customers.
FLEETCOR® Upsizes Credit Facility by $600 million; Establishing 10b5-1 Plan to Repurchase Shares
ATLANTA--(BUSINESS WIRE)--FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced that it successfully closed on an amendment to its pro rata Term Loan A a...
FLEETCOR® Reports Fourth Quarter and Full Year 2023 Financial Results
ATLANTA--(BUSINESS WIRE)--FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today reported financial results for its fourth quarter and year ended December 31, 2023....
FLEETCOR Technologies to Announce Fourth Quarter and Fiscal Year 2023 Results on February 7, 2024
ATLANTA--(BUSINESS WIRE)--FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company (“FLEETCOR”), today announced that the Company will host a conference call to discuss four...
Corpay Cross-Border Named the Official FX Partner for Cricket Ireland
TORONTO--(BUSINESS WIRE)--Corpay1, a FLEETCOR® (NYSE: FLT) brand and global leader in business payments, is pleased to announce that Corpay's Cross-Border business has entered into an agreement with C...
Corpay Cross-Border Expands Global Presence with a New Office in Chennai, India
TORONTO--(BUSINESS WIRE)--Corpay1, a FLEETCOR® (NYSE: FLT) brand and global leader in business payments, is thrilled to announce the latest expansion of Corpay's Cross-Border business with the opening...
Corpay Cross-Border Appoints Andrew Shortreid as new SVP Global Institutional Sales
TORONTO--(BUSINESS WIRE)--Corpay1, a FLEETCOR® (NYSE: FLT) brand and global leader in business payments, is pleased to announce that Corpay's Cross-Border business has appointed investment management ...
Corpay Cross-Border Appoints Roy Farah as new SVP Global Payment Solutions
TORONTO--(BUSINESS WIRE)--Corpay1, a FLEETCOR® (NYSE: FLT) brand and global leader in business payments, is pleased to announce that Corpay's Cross-Border business has appointed industry veteran, Roy ...
REVEEL PARTNERS WITH CORPAY TO STREAMLINE INVOICING AND PAYMENT PROCESSES FOR PARCEL SHIPPING OPERATIONS
Key partnership enables customers to unlock financial excellence with Reveel + Corpay IRVINE, Calif. , Nov. 9, 2023 /PRNewswire/ -- Reveel, whose Shipping Intelligence™ platform enables companies to l...
FLEETCOR Reports Third Quarter 2023 Financial Results
ATLANTA--(BUSINESS WIRE)--FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today reported financial results for its third quarter ended September 30, 2023. “We repo...
FLEETCOR® Acquires PayByPhone, a Global Digital Parking Company
ATLANTA--(BUSINESS WIRE)--FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced the acquisition of PayByPhone, a global provider of digital parking payme...
Corpay Cross-Border Launches Risk Visualizer, Transforming FX Risk Management
TORONTO--(BUSINESS WIRE)--Corpay1, a FLEETCOR® (NYSE: FLT) brand and global leader in business payments, is excited to announce that Corpay's Cross-Border business has launched Risk Visualizer, a revo...