Date | Price Target | Rating | Analyst |
---|---|---|---|
1/14/2025 | $430.00 | Buy | Citigroup |
1/8/2025 | $420.00 | Peer Perform → Outperform | Wolfe Research |
9/3/2024 | Underperform → Peer Perform | Wolfe Research | |
6/5/2024 | $285.00 | Equal Weight | Wells Fargo |
5/17/2024 | $295.00 | Peer Perform → Underperform | Wolfe Research |
Providing access to currency risk management and cross-border payments solutions Corpay, Inc.*, (NYSE:CPAY) a global leader in corporate payments, is pleased to announce that Corpay's Cross-Border business has entered into an agreement with the Federation Internationale de Gymnastique (FIG), the world governing body for gymnastics recognised by the International Olympic Committee (IOC), to become their Official Foreign Exchange Payments Supplier. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250220491062/en/ Through this partnership, the FIG will be able to utilise Corpay Cross Border's innovative solutions to help mitigate for
Empowering businesses to expand globally with seamless management of local and foreign currencies Corpay, Inc. (NYSE:CPAY), a global leader in corporate payments, is thrilled to announce that Corpay's Cross-Border business has introduced Multi-Currency Accounts, enabling ever-growing businesses to expand their global footprints while enjoying hassle-free and seamless foreign currency management, in one single point of access. While embarking on the exciting milestone of expanding into new markets and engaging with customers globally, businesses often encounter challenges when navigating transactions in foreign currencies. The process of opening and managing foreign bank accounts can be
All-time record revenues and adjusted net income Corpay, Inc. (NYSE:CPAY), a corporate payments company, today reported financial results for its fourth quarter and year ended December 31, 2024. "We had a great finish to 2024, delivering fourth quarter organic revenue growth of 12% and adjusted EPS growth of 21%, which are both above our mid-term growth targets," said Ron Clarke, chairman and chief executive officer, Corpay, Inc. "We delivered Corporate Payments growth of 20% for the full year, and we made meaningful advances to scale our Corporate Payments business, with two significant acquisitions during the year." Financial Results for Fourth Quarter of 2024: GAAP Results Rev
Triples TAM, Accelerates Revenue Growth Corpay, Inc. (NYSE:CPAY), a global S&P 500 corporate payments company, today announced it has signed definitive documents to acquire Gringo, a leading vehicle registration and compliance payment company in Brazil. Gringo is a super app for car drivers that makes life easier for millions of drivers in Brazil. Gringo's digital app and national network help drivers pay for vehicle taxes, registration and fines (i.e., "car debts") instantly. The company is growing revenue over 30% annually. "We're thrilled to announce the acquisition of Gringo, our second deal in the 'car debts' category," said Ron Clarke, chairman and chief executive officer, Corpa
Successor to original Pay with GasBuddy card offers cardholders new money-saving opportunities at the pump and in convenience stores DALLAS, Jan. 28, 2025 /PRNewswire/ -- GasBuddy®, the leading fuel savings platform saving North American drivers the most money on gas and now celebrating its 25th anniversary, today announced the launch of its new Pay with GasBuddy+™ card, a first-of-its-kind fuel card offering drivers up to 33 cents per gallon* off fuel purchases. The new card extends the reach of the Pay with GasBuddy program into the convenience store, providing additional savings nationwide, everywhere Mastercard® is accepted.
Veteran Technology Leader Brings Wealth of Experience to the Guidewire Board of Directors Guidewire (NYSE:GWRE) today announced that it appointed Jeff Sloan to its Board of Directors effective January 21, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250127535286/en/Jeff Sloan joins Guidewire Software's Board of Directors. (Photo: Business Wire) "We are very excited to welcome Jeff Sloan to the Guidewire Board of Directors. With Guidewire Cloud Platform now established as the trusted platform used by P&C insurers globally, we are uniquely positioned to partner with insurers to drive continued growth and innovation. Jeff
Corpay provides seamless and secure international wire transfers for Jack Henry clients MONETT, Mo., Jan. 23, 2025 /PRNewswire/ -- Jack Henry (NASDAQ:JKHY) is pleased to recognize the success of its collaboration with Corpay, Inc.'s* (NYSE:CPAY) Cross-Border Solutions business to provide international wires for its clients. Corpay has been the exclusive international wires provider for Jack Henry clients since September 2023. It is integrated with Jack Henry solutions via jXchange™, a services-based programming interface that enables third-party vendors and banks to access the
Corpay, Inc., (NYSE:CPAY) a global leader in corporate payments, today announced that the Company will host a conference call to discuss fourth quarter and fiscal year 2024 financial results on Wednesday, February 5, 2025 at 5:00 pm ET. Hosting the call will be Ron Clarke, Chief Executive Officer, Tom Panther, Chief Financial Officer and Jim Eglseder, Investor Relations. A press release with fourth quarter and fiscal year financial results will be issued after the market close that same day. The call will be webcast live from the Company's investor relations website at https://investor.corpay.com/. The conference call can also be accessed live over the phone by dialing (877)-423-9813 or (
New integration will be implemented in TA Disruption Hub with Uber rides TA Connections, a Corpay (NYSE:CPAY) company with unmatched access to travel and hotel inventory and a leader in global travel solutions, is excited to announce a strategic collaboration with Uber for Business (NYSE:UBER). This includes the introduction of a new integration within TA Disruption Hub, TA Connections' flight disruption management solution, which allows airlines to assist disrupted passengers by scheduling Uber rides for passengers. A DPAX (Disrupted Passenger Assistance) platform, TA Disruption Hub allows airlines to support passengers that experience flight disruptions by providing a holistic recover
Providing access to currency risk management and cross-border payments solutions Corpay, Inc.* (NYSE:CPAY), a global leader in corporate payments, is pleased to announce that Corpay's Cross-Border business has entered into an agreement with UFC, the world's premier mixed martial arts (MMA) organization, to become their official and exclusive Global Foreign Exchange (FX) Partner. "UFC has revolutionized the sport of mixed martial arts, and the team at Corpay Cross-Border is excited to be named their exclusive Global FX Partner," said Brad Loder, Chief Marketing Officer, Corpay Cross-Border Solutions. "Being recognized as an official partner of a premium global sports brand such as UFC fu
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Veteran Technology Leader Brings Wealth of Experience to the Guidewire Board of Directors Guidewire (NYSE:GWRE) today announced that it appointed Jeff Sloan to its Board of Directors effective January 21, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250127535286/en/Jeff Sloan joins Guidewire Software's Board of Directors. (Photo: Business Wire) "We are very excited to welcome Jeff Sloan to the Guidewire Board of Directors. With Guidewire Cloud Platform now established as the trusted platform used by P&C insurers globally, we are uniquely positioned to partner with insurers to drive continued growth and innovation. Jeff
Corpay, Inc. (NYSE:CPAY), a global S&P 500 corporate payments company announced today its Chief Financial Officer ("CFO"), Tom Panther, will be leaving effective March 15, 2025, to become the CFO of the National Christian Foundation. The company has initiated an executive search to identify a new CFO. "I'd like to thank Tom for his many contributions to Corpay. We wish him the very best as he makes the career pivot to a Christian ministry vocation, and we will work closely together as part of the transition to his successor," said Ron Clarke, Chairman and CEO. "It has been a tremendous experience serving as Corpay's CFO along-side its talented employees. Corpay is well-positioned to cap
Corpay, Inc. (NYSE:CPAY), a corporate payments company, announced today the appointment of Mike Jeffrey, a former Paychex senior sales executive, to the newly established role of USA Chief Revenue Officer (CRO). This new CRO role, reporting to the CEO, will be responsible for new bookings in Corpay's core U.S. market, including the Fleet, Payables, and Workforce Lodging businesses. The CRO will also direct Corpay's cross-sell initiatives. A significant proportion of Corpay's customers already purchase products from multiple Corpay divisions. This new role is designed to create a more unified, single view of the customer across all Corpay segments and capture further cross-sell opportun
Corpay, Inc.*, (NYSE:CPAY) a global leader in corporate payments, is pleased to announce that Corpay's Cross-Border business has entered into a strategic partnership with AbbeyCross to provide FX Payments services to Emerging Markets, via the ABX Platform, a new marketplace for FX payments. Corpay Cross-Border is one of the first non-bank providers of global payments to join the ABX Platform. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241001298594/en/ Partnered with 100+ correspondent banks and counterparty trading institutions across 6 continents, Corpay Cross-Border is one of the world's largest non-bank providers of global
Providing access to currency risk management and cross-border payments solutions Corpay, Inc.*, (NYSE:CPAY) a global leader in corporate payments, is pleased to announce that Corpay's Cross-Border business has entered into an agreement with World Athletics, the international governing body for the sport of athletics, covering track and field, cross country running, road running, race walking, mountain running, and ultra running, to become their Official Foreign Exchange (FX) Supplier. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240724239669/en/ Through this partnership, World Athletics, and the broader World Athletics famil
Citigroup resumed coverage of Corpay with a rating of Buy and set a new price target of $430.00
Wolfe Research upgraded Corpay from Peer Perform to Outperform and set a new price target of $420.00
Wolfe Research upgraded Corpay from Underperform to Peer Perform
Wells Fargo initiated coverage of Corpay with a rating of Equal Weight and set a new price target of $285.00
Wolfe Research downgraded Corpay from Peer Perform to Underperform and set a new price target of $295.00
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All-time record revenues and adjusted net income Corpay, Inc. (NYSE:CPAY), a corporate payments company, today reported financial results for its fourth quarter and year ended December 31, 2024. "We had a great finish to 2024, delivering fourth quarter organic revenue growth of 12% and adjusted EPS growth of 21%, which are both above our mid-term growth targets," said Ron Clarke, chairman and chief executive officer, Corpay, Inc. "We delivered Corporate Payments growth of 20% for the full year, and we made meaningful advances to scale our Corporate Payments business, with two significant acquisitions during the year." Financial Results for Fourth Quarter of 2024: GAAP Results Rev
Triples TAM, Accelerates Revenue Growth Corpay, Inc. (NYSE:CPAY), a global S&P 500 corporate payments company, today announced it has signed definitive documents to acquire Gringo, a leading vehicle registration and compliance payment company in Brazil. Gringo is a super app for car drivers that makes life easier for millions of drivers in Brazil. Gringo's digital app and national network help drivers pay for vehicle taxes, registration and fines (i.e., "car debts") instantly. The company is growing revenue over 30% annually. "We're thrilled to announce the acquisition of Gringo, our second deal in the 'car debts' category," said Ron Clarke, chairman and chief executive officer, Corpa
Corpay, Inc., (NYSE:CPAY) a global leader in corporate payments, today announced that the Company will host a conference call to discuss fourth quarter and fiscal year 2024 financial results on Wednesday, February 5, 2025 at 5:00 pm ET. Hosting the call will be Ron Clarke, Chief Executive Officer, Tom Panther, Chief Financial Officer and Jim Eglseder, Investor Relations. A press release with fourth quarter and fiscal year financial results will be issued after the market close that same day. The call will be webcast live from the Company's investor relations website at https://investor.corpay.com/. The conference call can also be accessed live over the phone by dialing (877)-423-9813 or (
Also Completes the Divestiture of Comdata Merchant POS Solutions Corpay, Inc. (NYSE:CPAY), a global S&P 500 corporate payments company, completed the acquisition of GPS Capital Markets, LLC, a business-to-business cross-border solutions provider to upper middle market companies, primarily in the U.S. "We're thrilled to officially welcome GPS to the Corpay family. With the addition of Paymerang and now GPS, we expect our Corporate Payments business to exceed $1.5 billion in revenue in 2025. Our integration planning is well underway, and we expect significant profit contribution next year from both acquisitions," said Ron Clarke, chairman and chief executive officer, Corpay, Inc. In tot
Comdata retains fuel card and payment acceptance business serving commercial fleets ATLANTA, Dec. 2, 2024 /PRNewswire/ -- PDI Technologies, a global leader delivering powerful solutions and insights that serve as the backbone of the convenience retail and petroleum wholesale ecosystem, today announced its acquisition of the Comdata Merchant Solutions business from Comdata's parent company, Corpay Inc. (NYSE:CPAY). This includes the Point of Sale (POS) hardware, software, and systems that enable transactions at the site level for truck stops and unattended commercial fueling locations.
Surpasses $1 Billion in quarterly revenue Corpay, Inc. (NYSE:CPAY), a corporate payments company, today reported financial results for its third quarter ended September 30, 2024. "We surpassed $1 billion in quarterly revenue for the first time, led by Corporate Payments organic growth of 18%. Business fundamentals were quite good with same store sales and retention improving and sales remaining strong," said Ron Clarke, chairman and chief executive officer, Corpay, Inc. "We're confident that our revenue growth will accelerate in the fourth quarter, which positions us well heading into 2025." Financial Results for Third Quarter of 2024: GAAP Results Revenues increased 6% to $1,029.2 mi
Corpay, Inc., (NYSE:CPAY) a global corporate payments company, today announced that the Company will host a conference call to discuss third quarter 2024 financial results on Thursday, November 7, 2024 at 5:00 pm ET. Hosting the call will be Ron Clarke, Chief Executive Officer, Tom Panther, Chief Financial Officer and Jim Eglseder, Investor Relations. A press release with third quarter financial results will be issued after the market close that same day. The call will be webcast live from the Company's investor relations website at https://investor.corpay.com/. The conference call can also be accessed live over the phone by dialing (800)-445-7795 or (203)-518-9856; the Conference ID is "C
Paymerang acquisition closed on July 1, 2024 Corpay, Inc. (NYSE:CPAY), a corporate payments company, today reported financial results for its second quarter ended June 30, 2024. "Our results were slightly ahead of our expectations. Our most recent business trends, including same store sales, new sales and customer retention, all meaningfully improved in the second quarter, which bodes well for our 2024 exit," said Ron Clarke, chairman and chief executive officer, Corpay, Inc. "Our Corporate Payments revenue continued to grow in the high teens and with the addition of Paymerang on July 1st and GPS Capital Markets expected in early 2025, that business is well on its way to becoming 40% of
Corpay, Inc., (NYSE:CPAY) a global corporate payments company, today announced that the Company will host a conference call to discuss second quarter 2024 financial results on Wednesday, August 7, 2024 at 5:30 pm ET. Hosting the call will be Ron Clarke, chief executive officer, Tom Panther, chief financial officer and Jim Eglseder, investor relations. A press release with second quarter financial results will be issued after the market close that same day. The call will be webcast live from the Company's investor relations website at https://investor.corpay.com/. The conference call can also be accessed live over the phone by dialing (800)-225-9448 or (203)-518-9708; the Conference ID is
Accretive to revenue and EPS growth in 2025 Company reiterates Q2'24 outlook Corpay, Inc. (NYSE:CPAY), a global corporate payments company, today announced that it has signed a definitive agreement to acquire GPS Capital Markets, LLC. GPS provides business-to-business cross-border and treasury management solutions to upper middle market companies, primarily in the US. The transaction is expected to close in early 2025, subject to regulatory approval and standard closing conditions. "GPS is our third largest deal ever. We're quite excited about GPS' assets including a blue-chip roster of clients, a team of terrific FX specialists, and a market leading FX netting technology," said Ron