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, vehicle compliance, 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 AP automation; virtual cards, cross-border solutions; and purchasing and T&E 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; workforce lodging solutions for business travel programs; airline logistics, crew management, insurance, and other payments solutions. 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.
Payment Powerhouse | Corpay's corporate payments segment shows resilience, posting 18% growth and offsetting weaker performance in other areas amid economic challenges |
Strategic Alliances | Explore Corpay's expanded partnership with Mastercard, including a $300 million investment, poised to boost cross-border business growth by 2-3 percentage points |
Financial Outlook | Analysts project EPS growth from $18.99 in FY24 to $21.30 in FY25, with price targets ranging from $330 to $445, implying potential 20% upside |
Competitive Edge | Delve into Corpay's strong position in B2B payment verticals, supported by a recurring, profitable revenue model and potential for margin expansion in core segments |
Metrics to compare | CPAY | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipCPAYPeersSector | |
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P/E Ratio | 22.3x | 16.8x | 9.1x | |
PEG Ratio | 3.63 | −0.02 | 0.03 | |
Price/Book | 6.6x | 2.0x | 1.0x | |
Price / LTM Sales | 5.6x | 2.6x | 2.7x | |
Upside (Analyst Target) | 25.4% | 15.7% | 13.1% | |
Fair Value Upside | Unlock | 17.1% | 2.7% | Unlock |