The transaction is expected to close in early 2025, subject to regulatory approval and standard closing conditions.Accretive to revenue and EPS growth in 2025
Company reiterates Q2'24 outlook
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 a multi-year agreement to extend their successful collaboration with World Aquatics as their Official FX Payments Supplier. Corpay Cross-Border has provided a range of corporate foreign exchange payments solutions for World Aquatics, the global governing body of six aquatic disciplines – Swimming, Water Polo, Diving, High Diving, Artistic Swimming and Open Water Swimming since 2022. Under this multi-year extension, World Aquatics, along with the global aquatics' commu
Corpay, Inc., (NYSE:CPAY) a corporate payments company, today announced that the Company will participate in the following investor conferences: On Wednesday, November 13, 2024, Tom Panther, Chief Financial Officer, and Jim Eglseder, SVP, Global Investor Relations, will be attending the KBW Fintech Conference in New York, NY. Mr. Panther will participate in a fireside chat beginning at 3:15 PM ET. On Tuesday, December 3, 2024, Tom Panther, Chief Financial Officer, and Jim Eglseder, SVP, Global Investor Relations, will be attending the UBS Global Technology and AI Conference in Scottsdale, AZ. Mr. Panther will participate in a fireside chat beginning at 12:55 PM MT. Investors and inte
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
10-Q - CORPAY, INC. (0001175454) (Filer)
8-K - CORPAY, INC. (0001175454) (Filer)
8-K - CORPAY, INC. (0001175454) (Filer)
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Jefferies analyst Trevor Williams maintains Corpay (NYSE:CPAY) with a Buy and raises the price target from $295 to $350.
Evercore ISI Group maintains Corpay (NYSE:CPAY) with a Outperform and lowers the price target from $350 to $345.
B of A Securities maintains Corpay (NYSE:CPAY) with a Buy and raises the price target from $326 to $331.
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
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
4 - CORPAY, INC. (0001175454) (Issuer)
4 - CORPAY, INC. (0001175454) (Issuer)
4 - CORPAY, INC. (0001175454) (Issuer)
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