Corpay upgraded by Wolfe Research with a new price target
$CPAY
Business Services
Consumer Discretionary
Wolfe Research upgraded Corpay from Peer Perform to Outperform and set a new price target of $420.00
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| 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 |
8-K - CORPAY, INC. (0001175454) (Filer)
10-Q - CORPAY, INC. (0001175454) (Filer)
8-K - CORPAY, INC. (0001175454) (Filer)
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 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
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SC 13G/A - CORPAY, INC. (0001175454) (Subject)
SC 13G - CORPAY, INC. (0001175454) (Subject)
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
4 - CORPAY, INC. (0001175454) (Issuer)
4 - CORPAY, INC. (0001175454) (Issuer)
4 - CORPAY, INC. (0001175454) (Issuer)
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
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