Corpay (NYSE:CPAY) Shares Gap Up After Earnings Beat

Corpay, Inc. (NYSE:CPAY) shares gapped up prior to trading on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $300.28, but opened at $324.35. Corpay shares last traded at $328.6130, with a volume of 228,865 shares trading hands.

The company reported $6.04 earnings per share for the quarter, topping analysts’ consensus estimates of $5.93 by $0.11. Corpay had a net margin of 23.62% and a return on equity of 37.13%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm posted $5.36 earnings per share. Corpay’s revenue was up 20.7% on a year-over-year basis. Corpay has set its FY 2026 guidance at 25.500-26.500 EPS and its Q1 2026 guidance at 5.380-5.520 EPS.

More Corpay News

Here are the key news stories impacting Corpay this week:

• Positive Sentiment: Q4 beat — Corpay reported Q4 EPS of $6.04 and revenue of ~$1.25B, topping consensus and showing ~20.7% revenue growth year-over-year; earnings strength and margin expansion were cited on the call. Corpay’s Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Big-bank upgrades — JPMorgan raised its price target to $390 and keeps an overweight stance, signaling confidence in the company’s growth trajectory and upside potential. Corpay Price Target Raised to $390 at JPMorgan Chase & Co.
• Positive Sentiment: Morgan Stanley lift — Morgan Stanley also bumped its target to $390 and maintains an overweight rating, reinforcing the bullish analyst tone. Corpay price target raised by Morgan Stanley
• Positive Sentiment: Portfolio focus — Corpay agreed to sell PayByPhone (non-core vehicle payments asset), underscoring a strategic shift toward higher-growth corporate payments and cleaner portfolio mix. Investors view the move as sharpening the company’s corporate-payments focus. Corpay Refines Portfolio As PayByPhone Sale Highlights Corporate Payments Focus
• Positive Sentiment: Operational momentum — Coverage pieces and a deep-dive note highlight acquisitions and corporate-payments growth as drivers of positive momentum and re-rating potential. CPAY Q4 Deep Dive: Acquisitions and Corporate Payments Drive Positive Momentum
• Positive Sentiment: Investor theses — Independent bullish commentary argues Corpay is underappreciated as a payments infrastructure business rather than a commodity payments provider, supporting a longer-term upside case. Corpay, Inc. (CPAY): A Bull Case Theory
• Neutral Sentiment: RBC raised its target to $363 with a sector-perform rating — another upward revision but less bullish than the $390 targets, reflecting some analyst dispersion on valuation. Corpay price target raised by RBC Capital
• Negative Sentiment: Mizuho’s take is more cautious — Mizuho raised its target to $340 but kept a neutral rating; that target sits below current levels, implying limited near-term upside from that shop. Corpay price target raised by Mizuho
• Negative Sentiment: Near-term guidance miss — Corpay set Q1 FY2026 EPS guidance of $5.38–$5.52, below the consensus (~$5.82), which introduces some short-term uncertainty despite a stronger FY outlook. (Guidance disclosed in earnings release)

Analyst Upgrades and Downgrades

Several brokerages have commented on CPAY. Jefferies Financial Group restated a “buy” rating on shares of Corpay in a research note on Monday, November 3rd. Wall Street Zen downgraded shares of Corpay from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. JPMorgan Chase & Co. raised their price target on shares of Corpay from $350.00 to $390.00 and gave the company an “overweight” rating in a report on Thursday. UBS Group decreased their price objective on shares of Corpay from $340.00 to $315.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Finally, Royal Bank Of Canada raised their target price on shares of Corpay from $344.00 to $363.00 and gave the company a “sector perform” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Corpay has a consensus rating of “Moderate Buy” and an average target price of $373.00.

Insider Buying and Selling at Corpay

In other Corpay news, Director Steven T. Stull bought 8,000 shares of the stock in a transaction dated Friday, December 12th. The stock was bought at an average cost of $314.98 per share, for a total transaction of $2,519,840.00. Following the completion of the purchase, the director directly owned 29,241 shares of the company’s stock, valued at approximately $9,210,330.18. The trade was a 37.66% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.04% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Corpay

Hedge funds have recently bought and sold shares of the business. Leonteq Securities AG purchased a new position in shares of Corpay during the 4th quarter valued at approximately $27,000. CVA Family Office LLC raised its holdings in Corpay by 56.7% in the second quarter. CVA Family Office LLC now owns 94 shares of the company’s stock valued at $31,000 after acquiring an additional 34 shares in the last quarter. BOKF NA raised its holdings in Corpay by 4,700.0% in the third quarter. BOKF NA now owns 96 shares of the company’s stock valued at $28,000 after acquiring an additional 94 shares in the last quarter. Torren Management LLC bought a new position in Corpay during the 4th quarter valued at $29,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in Corpay during the 2nd quarter worth $33,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Stock Performance

The company’s fifty day simple moving average is $313.85 and its two-hundred day simple moving average is $304.82. The company has a market capitalization of $24.69 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 1.03 and a beta of 0.82. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.13 and a current ratio of 0.98.

About Corpay

Corpay (NYSE:CPAY) is a global payments and fintech company that provides businesses with tools to manage, move and optimize corporate spend. The company focuses on commercial payments, foreign exchange and cross-border transactions, aiming to simplify treasury operations and reduce friction in business-to-business payments through technology-driven solutions.

Its product offering includes payment processing and accounts payable automation, corporate and virtual card programs, expense management tools, and foreign-exchange hedging and execution services for international payments.