Corpay Inc

Earnings data Q1 2021

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Corpay, Inc. engages in the provision of digital payment solutions that enables businesses to control purchases and make payments. It operates through the following geographical segments: North America, International, and Brazil. The company was founded by William Boatner Reily III and Ronald F. Clarke in 1985 and is headquartered in Atlanta, GA.

Corpay (CPAY) has been consistently pursuing acquisitions and investments to increase its customer base, workforce and operational capabilities.

Reasons to Retain Corpay (CPAY) Stock in Your Portfolio

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There are three main drivers of a stock's return: growth, the change in price-to-earnings (P/E) multiple and capital return. While investors often focus on the growth angle, an upward rating in multiple can also be a significant return driver for bargain stocks.

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SALT LAKE CITY, June 19, 2024 (GLOBE NEWSWIRE) -- GPS Capital Markets, LLC, a leading fintech firm offering corporate foreign exchange services, announced entering into a definitive agreement to be acquired by Corpay, Inc. (NYSE: CPAY), a leading corporate payments company. This acquisition will bring tremendous benefits to GPS Capital Markets clients, including enhanced delivery channels and expanded access to FX services across global markets.

GPS Capital Markets Enters into Agreement to be Acquired by Corpay

ATLANTA--(BUSINESS WIRE)--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.

Corpay to Acquire Cross-Border Payments Company

EngageSmart LLC

SÃO PAULO--(BUSINESS WIRE)--Celcoin, a leading company in the Banking as a Service (BaaS) financial technology market, today announced a US$125 million investment led by global growth equity investor Summit Partners. Summit has a long history of partnering with market-leading fintech companies, including EngageSmart (NYSE: ESMT), Corpay (NYSE: CPAY) and Calypso Technology. Existing investor Innova Capital is also participating in the round, along with experienced financial technology executive.

Brazilian Fintech Celcoin Announces US$125 Million Investment Led by Summit Partners

TORONTO--(BUSINESS WIRE)--Corpay, Inc.*, (NYSE: CPAY), a global leader in corporate payments, is pleased to announce the latest expansion of its Cross-Border business with the establishment of a new office in Auckland, New Zealand. This expansion reinforces the company's leading position in the payment industry and strengthens its presence in the Asia-Pacific region. “Our decision to establish a presence in New Zealand underscores our commitment to prioritizing our current and future clients' e.

Corpay Cross-Border Continues Global Expansion with Launch of New Office in New Zealand

Corpay's earnings per share are projected to grow at an average rate of 13-15% annually, despite interest rate pressures. We consider the stock to be undervalued at 13.6x forward earnings, with potential for re-rating to the 15-20x range. CPAY reported inline first quarter results, with slight misses in revenue and a 2% cut to EPS guidance due to interest rates and currency weakness.

High Quality Corpay Drops Almost 20% And Is Now A Bargain

Corpay (CPAY) reported earnings 30 days ago. What's next for the stock?

Why Is Corpay (CPAY) Down 7.7% Since Last Earnings Report?

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ATLANTA--(BUSINESS WIRE)--The Corpay World Elite Business Mastercard is the ultimate tool for business transactions, elevating employee travel and purchasing capabilities.

Corpay Expands Business Card Solutions With New Corpay World Elite Business Mastercard®

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Corpay is a highly predictable business that seeks to unify payments for clients who require frequent work trips or who operate fleets of vehicles. The company has EBITDA margins of more than 50%, leaving clues to the high added value of Corpay's services. Management reduced its guidance during Q1 2024 and now expects to grow around 7% only, but made it clear that this should be temporary.

Corpay: Short-Term Concerns And A Predictable Business

Paymerang said the planned acquisition of the company by Corpay will help Paymerang continue its mission and create new jobs. The provider of accounts payable (AP) automation solutions shared the news in a Thursday (May 9) post on LinkedIn after Corpay announced the deal in a Wednesday (May 8) press release.

Paymerang Says Acquisition by Corpay Will Help Create Jobs

Corpay's (CPAY) Q1 earnings and revenues grow on a year-over-year basis.

Corpay (CPAY) Q1 Earnings Beat Estimates, Revenues Miss

Corpay (NYSE:CPAY ) Q1 2024 Earnings Conference Call May 8, 2024 5:00 PM ET Company Participants Jim Eglseder - Investor Relations Ron Clarke - Chairman and CEO Tom Panther - CFO Conference Call Participants Tien-Tsin Huang - JPMorgan Sanjay Sakhrani - KBW Ramsey El Assal - Barclays Nate Svensson - Deutsche Bank Peter Christiansen - Citi Trevor Williams - Jefferies James Fossett - Morgan Stanley Daniel Krebs - Wolfe Research David Koning - Baird Rufus Hone - BMO Capital Markets Operator Good day everyone, and welcome to today's Corpay First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Corpay (CPAY) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Corpay (CPAY) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Corpay (CPAY) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Corpay (CPAY) came out with quarterly earnings of $4.10 per share, beating the Zacks Consensus Estimate of $4.08 per share. This compares to earnings of $3.80 per share a year ago.

Corpay (CPAY) Q1 Earnings Beat Estimates

MCLEAN, Va. , May 8, 2024 /PRNewswire/ -- Aldrich Capital Partners (ACP), a McLean-based growth equity firm, today announced the signing of definitive agreement for the sale of its portfolio company Paymerang to Corpay (NYSE: CPAY).

Aldrich Capital Partners Announces Sale of Paymerang to Corpay

ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), a leader in corporate payments, today reported financial results for its first quarter ended March 31, 2024. “Our results were in-line with our expectations. Overall organic revenue growth was 6% and our Corporate Payments segment grew 17%,” said Ron Clarke, chairman and chief executive officer, Corpay, Inc. “Also, today we announced a definitive agreement to acquire Paymerang, an accounts payable automation company, which enhances our positi.

Corpay Reports First Quarter 2024 Financial Results

ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), a leading corporate payments company, today announced that it has signed a definitive agreement to acquire Paymerang, a leader in accounts payables automation solutions. The acquisition expands Corpay's presence in four attractive vertical markets: education, healthcare, hospitality and manufacturing. The transaction is expected to close in the second quarter of 2024, subject to regulatory approval and standard closing conditions. “This acqui.

Corpay to Acquire a Full AP Corporate Payments Company

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Corpay (CPAY) is expected to register top and bottom-line growth when it reports first-quarter 2024 results.

Corpay (CPAY) to Report Q1 Earnings: What's in the Offing?

Get a deeper insight into the potential performance of Corpay (CPAY) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Stay Ahead of the Game With Corpay (CPAY) Q1 Earnings: Wall Street's Insights on Key Metrics

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ATLANTA--(BUSINESS WIRE)--Corpay, Inc., (NYSE: CPAY) a global leader in corporate payments, today announced that the Company will host a conference call to discuss first quarter 2024 financial results on Wednesday, May 8, 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 first quarter financial results will be issued after the market close that same day. The call will.

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