Corpay, Inc
In the published model solve dated 2026-Q2, anchored at $407.88, Corpay, Inc (CPAY) is priced for +1.1% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Three payment businesses sit under one roof, and the mix is moving fast: in the March 2026 quarter Corporate Payments revenue reached $503.9 million against $345.1 million a year earlier while Lodging Payments was roughly flat at $111.0 million [Source: Corpay Form 10-Q for the quarter ended March 31, 2026]. • The method behind the growth is acquisition, with the annual report stating that ⟦"Since 2002, we have completed over 100 acquisitions of companies and commercial account portfolios"⟧, a
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656 institutional managers reported holding CPAY in 13F filings for the quarter ended 2026-03-31. Together they hold about 86% of the company; the top 10 hold 51%. 82 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 3.6M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CPAY has cut its share count 18.8% over the past five years, spending $5.90B on repurchases. It pays no dividend. Cash returned over the past three years: $3.55B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at CPAY over the trailing three years. Absence is a fact about the company, not a signal.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CPAY's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-10 | +5.3% | -7.4% |
| 2023-11-10 | -2.0% | +22.7% |
| 2024-03-01 | +0.3% | +8.3% |
| 2024-05-10 | -6.9% | +1.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CPAY's latest 8-K filings: 2026-08-05 (items 2.02, 7.01, 9.01); 2026-07-24 (items 5.02); 2026-05-22 (items 1.01, 7.01, 9.01); 2026-05-12 (items 7.01); 2026-05-12 (items 5.07).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.