Valued at a market cap of $22.9 billion, Corpay, Inc. (CPAY) is a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments. The Atlanta, Georgia-based company offers a comprehensive suite of digital payment solutions, including accounts payable automation, commercial cards, cross-border payments, and vehicle-related expense management such as fuel and toll payments.
This payments company has outpaced the broader market over the past 52 weeks. Shares of CPAY have rallied 20.1% over this time frame, while the broader S&P 500 Index ($SPX) has gained 10.2%. However, on a YTD basis, the stock is down 4.2%, lagging behind SPX’s 1.3% drop.
