Corpay (CPAY) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $366.37 to $370.52
• 50-Day Range: $304.72 to $374.35
• 52-Week Range: $230.68 to $375.98
• Volume: 263,929 shs
• Average Volume: 601,242 shs
• Market Capitalization: $25.74 billion
• P/E Ratio: 26.34
• Dividend Yield: N/A
• Price Target: $363.93
• Consensus Rating: Moderate Buy

Corpay Stock Analysis - MarketRank™

Corpay scored higher than 82% of companies evaluated by MarketBeat, and ranked 68th out of 331 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Corpay has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 10 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Corpay has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 16.57%

Earnings Growth

Earnings for Corpay are expected to grow by 16.57% in the coming year, from $17.86 to $20.82 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Corpay is 26.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.33.

Price to Earnings Ratio vs. Sector

The P/E ratio of Corpay is 26.34, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 45.90.

Price to Earnings Growth Ratio

Corpay has a PEG Ratio of 1.42. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Corpay has a P/B Ratio of 8.12. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.32% of the float of Corpay has been sold short.

Short Interest Ratio / Days to Cover

Corpay has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Corpay has recently decreased by 13.81%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Corpay does not currently pay a dividend.

Dividend Growth

Corpay does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.32% of the float of Corpay has been sold short.

Short Interest Ratio / Days to Cover

Corpay has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Corpay has recently decreased by 13.81%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 0.81

News Sentiment

Corpay has a news sentiment score of 0.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 16 news articles for Corpay this week, compared to 8 articles on an average week.

Search Interest

3 people have searched for CPAY on MarketBeat in the last 30 days.

MarketBeat Follows

4 people have added Corpay to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Corpay insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,116,160.00 in company stock.

Percentage Held by Insiders

Only 6.10% of the stock of Corpay is held by insiders.

Percentage Held by Institutions

98.84% of the stock of Corpay is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CPAY Stock Analysis - Frequently Asked Questions

How have CPAY shares performed this year?

Corpay's stock was trading at $304.26 at the start of the year. Since then, CPAY shares have increased by 21.4% and is now trading at $369.24.
View the best growth stocks for 2024 here.

How were Corpay's earnings last quarter?

Corpay, Inc. (NYSE:CPAY) announced its quarterly earnings results on Wednesday, August, 7th. The company reported $4.55 EPS for the quarter, beating the consensus estimate of $4.51 by $0.04. The business's revenue was up 2.9% compared to the same quarter last year.

Who are Corpay's major shareholders?

Corpay's top institutional shareholders include Wellington Management Group LLP (4.10%), State Street Corp (4.03%), FMR LLC (3.86%) and Geode Capital Management LLC (2.41%). Insiders that own company stock include Joseph W Farrelly and Alissa B Vickery.
View institutional ownership trends.

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.

What other stocks do shareholders of Corpay own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Corpay investors own include NVIDIA (NVDA), Tesla (TSLA), Meta Platforms (META), JPMorgan Chase & Co. (JPM), Advanced Micro Devices (AMD), Netflix (NFLX) and Visa (V).

Company Calendar

• Last Earnings: 8/07/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/05/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Business services, not elsewhere classified
• Sub-Industry: Business Services
• Current Symbol: NYSE:CPAY
• Previous Symbol: NYSE:CPAY
• CUSIP: N/A
• CIK: 1175454
• Web: www.fleetcor.com
• Phone: 770-449-0479
• Fax: 770-449-3471
• Employees: 10,500
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $363.93
• High Stock Price Target: $430.00
• Low Stock Price Target: $295.00
• Potential Upside/Downside: -1.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 15 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $14.02
• Trailing P/E Ratio: 26.34
• Forward P/E Ratio: 20.67
• P/E Growth: 1.42
• Net Income: $981.89 million
• Net Margins: 26.14%
• Pretax Margin: 34.33%
• Return on Equity: 39.44%
• Return on Assets: 7.54%

Debt

• Debt-to-Equity Ratio: 1.69
• Current Ratio: 1.05
• Quick Ratio: 1.05

Sales & Book Value

• Annual Sales: $3.76 billion
• Price / Sales: 6.85
• Cash Flow: $21.34 per share
• Price / Cash Flow: 17.30
• Book Value: $45.46 per share
• Price / Book: 8.12

Miscellaneous

• Outstanding Shares: 69,710,000
• Free Float: 65,459,000
• Market Cap: $25.74 billion
• Optionable: Optionable
• Beta: 1.21