Corpay's (CPAY) performance in Q4 surpassed estimates, with a notable 12% organic growth. The company has set an ambitious revenue goal of $4.4B, aided by their plans to acquire the Brazilian mobile payments company, Gringo, a move aimed at leveraging Brazil's $100B vehicle payment market. In line with these expansion initiatives, the company projects an 11% organic revenue growth and a $21 cash EPS for 2025. Moreover, Corpay is collaborating with Jack Henry for international wires, further strengthening their global reach. However, the company witnessed a 6% tumble in shares due to revenue missing estimates and a disappointing outlook. BofA lowered the price target but deemed the weakness a buying opportunity. Looking forward, Corpay has a cross-border payments acquisition completed, impending strategic growth cooperations, and key deals planned to expand their B2B payments empire, setting a $1.5B revenue Target for 2025.
Corpay CPAY News Analytics from Mon, 17 Jun 2024 07:00:00 GMT to Sat, 08 Feb 2025 14:24:35 GMT -
Rating -2
- Innovation 4
- Information 6
- Rumor 5
