Alan King, group president of International Vehicle Payments at Corpay, sold 3,805 shares of the company’s common stock on August 21 for a total of $1.58 million, according to a regulatory filing. The sale occurred at prices ranging from $416.50 to $417.31 per share, with a weighted average price of $416.6085. King retained a direct holding of 20,732 shares following the transaction.
The disposal follows Corpay’s second-quarter 2026 results, which showed revenue of $1.34 billion, exceeding the $1.30 billion forecast. Adjusted earnings per share reached a record $7.00, beating expectations by approximately 6%. The company also provided third-quarter guidance, projecting revenues of $1.345 billion to $1.365 billion and adjusted EPS of $7.05 to $7.25.
Corpay’s stock has risen 37% year-to-date, reaching a 52-week high of $425.94. The company has been flagged by InvestingPro as undervalued and included on its "Most Undervalued" list. Analysts have adjusted their price targets upward in response to the earnings beat and guidance. Raymond James raised its target to $442 while maintaining an Outperform rating, Cantor Fitzgerald increased its target to $480, and Wolfe Research set a new target at $475, also keeping an Outperform rating.
