Corpay Inc. CEO Ronald Clarke sold approximately $88.5 million in company stock over two trading sessions last week, according to regulatory filings.
Clarke disposed of 213,860 shares of Corpay common stock through open-market transactions on August 24 and August 25, 2026. The shares were sold at prices ranging from $408.99 to $419.615, with the bulk of the transaction occurring on August 25. The timing followed a 37% year-to-date gain for CPAY, which reached a 52-week high of $425.94 in late August.
The disposal comes after Clarke exercised employee stock options on August 21, acquiring 450,000 shares at $150.74 each. He subsequently sold 290,043 shares to cover tax obligations and the exercise cost, retaining 2,354,330 shares in Corpay.
Corpay reported Q2 2026 revenue of $1.34 billion, exceeding Wall Street estimates by $40 million. Cash earnings per share reached a record $7.00, while adjusted EPS surpassed expectations by about 6%.
Analysts responded with upward revisions to price targets. Raymond James raised its target to $442, citing the earnings beat. Cantor Fitzgerald increased its target to $480, pointing to updated Q3 guidance, while Wolfe Research set its target at $475, emphasizing Corpay’s long-term growth prospects in B2B payments.
Corpay also revised its Q3 2026 guidance, projecting revenues between $1.345 billion and $1.365 billion, with adjusted EPS forecasted at $7.05 to $7.25.
