Richard Macchia, a director at Corpay, Inc. (NASDAQ:CPAY), recently sold 2,427 shares of the company’s common stock. The shares were sold at a price of $375.23 each, amounting to a total transaction value of $910,683. The transaction comes as Corpay, with its $26.18 billion market cap, trades near its 52-week high after a remarkable 32% surge over the past six months. According to InvestingPro analysis, the stock appears to be trading above its Fair Value. Following this transaction, Macchia holds 12,215 shares of Corpay stock. The sale was reported in a filing with the Securities and Exchange Commission, dated February 10, 2025. InvestingPro data reveals the company trades at a P/E ratio of 26.3, with analysts having recently revised earnings expectations downward. Discover more insights and 12 additional ProTips about Corpay in the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Corpay’s fourth-quarter earnings exceeded expectations, but revenue fell short, with the company reporting adjusted earnings per share of $5.36 and revenue of $1.03 billion. However, the company’s 2025 guidance disappointed, forecasting adjusted EPS of $20.75 to $21.25 and revenue of $4.35 billion to $4.45 billion, both below analyst expectations. Notably, the corporate payments segment stood out with a 38% YoY revenue surge to $346.2 million.
RBC Capital has updated its price target for Corpay to $400, maintaining a Sector Perform rating. The firm’s analyst, Daniel Perlin, recognized Corpay’s ongoing growth, despite challenging macroeconomic conditions. Meanwhile, BMO Capital Markets reduced its price target for Corpay to $440, retaining an Outperform rating, citing macroeconomic factors as the cause. Rufus Hone, an analyst with BMO Capital, acknowledged the positive underlying trends for Corpay, despite the macroeconomic headwinds.
Keefe, Bruyette & Woods raised their price target for Corpay to $445, reaffirming an Outperform rating. The firm adjusted its earnings per share estimates for 2025 and 2026 to $21.07 and $24.21, respectively. The firm highlighted management’s positive stance on the company’s future, particularly regarding the potential for growth through mergers and acquisitions. These are the recent developments that have taken place.
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