Corpay (NYSE:CPAY) Sets New 52-Week High – Here’s Why

Corpay, Inc (NYSE:CPAY)’s share price reached a new 52-week high on Tuesday . The company traded as high as $396.18 and last traded at $395.1660, with a volume of 278472 shares. The stock had previously closed at $385.78.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CPAY shares. Oppenheimer reiterated an “outperform” rating and issued a $388.00 price target on shares of Corpay in a report on Friday, May 8th. Keefe, Bruyette & Woods raised their price objective on Corpay from $400.00 to $470.00 and gave the company an “outperform” rating in a research report on Thursday. UBS Group lifted their target price on Corpay from $385.00 to $415.00 and gave the company a “neutral” rating in a research note on Thursday. Morgan Stanley boosted their target price on shares of Corpay from $400.00 to $415.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Finally, Raymond James Financial reissued an “outperform” rating and set a $442.00 price target on shares of Corpay in a research report on Thursday. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Corpay presently has a consensus rating of “Moderate Buy” and a consensus price target of $411.85.

Corpay Price Performance

The firm has a market cap of $26.11 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 1.08 and a beta of 0.87. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.86. The stock has a 50 day moving average price of $356.34 and a two-hundred day moving average price of $337.74.

Corpay (NYSE:CPAY) last announced 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. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.30 billion. Corpay had a net margin of 24.60% and a return on equity of 38.68%. Corpay’s revenue was up 21.5% on a year-over-year basis. During the same period last year, the firm 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, equities analysts expect that Corpay, Inc will post 25.48 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Trading of Corpay

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd increased its holdings in shares of Corpay by 20.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 4,987,968 shares of the corporate payments company’s stock valued at $1,501,029,000 after purchasing an additional 859,854 shares during the period. JPMorgan Chase & Co. boosted its position in Corpay by 6.9% in the fourth quarter. JPMorgan Chase & Co. now owns 4,734,927 shares of the corporate payments company’s stock valued at $1,424,882,000 after buying an additional 307,355 shares during the last quarter. State Street Corp boosted its position in Corpay by 0.8% in the third quarter. State Street Corp now owns 2,956,744 shares of the corporate payments company’s stock valued at $851,720,000 after buying an additional 23,470 shares during the last quarter. Geode Capital Management LLC increased its holdings in Corpay by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,905,526 shares of the corporate payments company’s stock worth $571,346,000 after buying an additional 19,281 shares during the period. Finally, Invesco Ltd. increased its holdings in Corpay by 0.5% in the 4th quarter. Invesco Ltd. now owns 1,751,048 shares of the corporate payments company’s stock worth $526,943,000 after buying an additional 8,783 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

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.