Corpay (CPAY) has presented robust growth in recent years, highlighted by a 52% return for investors over the past three years. Their partnership with
West Ham United has extended and they are named as the club's exclusive global payments partner, following seven successful seasons. Moreover, they named
Peter Walker as their new CFO, making this move amid strategic changes.
TPG and Corpay acquired
AvidXchange in a $2.2 billion take-private deal, approved by European regulatory bodies. Despite the U.S market closing down, Corpay remained strong. They also secured a major payment deal, extending the USAA partnership to 60,000+ fuel locations.
BMO Capital maintained a Buy rating, despite JP Morgan cutting the stock price target to $400. Eventually, Corpay executed a strategic acquisition of a Brazilian mobile payments firm,
Gringo, posing it as a game-changer for the Brazilian mobile payments market. As a result, Corpay's quarterly profit jumps based on the strength of their corporate payments segment.
Corpay CPAY News Analytics from Tue, 23 Jul 2024 07:00:00 GMT to Wed, 02 Jul 2025 07:00:22 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor -1
