Alan King, president of Corpay’s International and Vehicle Payments Group, sold 3,805 ordinary shares on August 21, 2026, for a total of $1.58 million, according to regulatory filings. The transactions occurred at prices ranging from $416.50 to $417.31 per share, with a weighted average price of $416.6085. Following the disposal, King retains 20,732 ordinary shares in the company.
Corpay’s stock traded near its 52-week high of $425.94 at the time of the sale. The shares are up 37% year-to-date, and Corpay remains classified as undervalued on InvestingPro’s platform, appearing on its "Most Undervalued" list.
The insider sale follows Corpay’s Q2 2026 results, which exceeded expectations. The company reported revenue of $1.34 billion, surpassing the $1.30 billion consensus estimate. Adjusted earnings per share reached $7.00, a record for Corpay.
Analysts responded to the results with upward revisions. Raymond James raised its price target from $390 to $442 while maintaining an "Outperform" rating, citing a beat of roughly 6% against expectations. Cantor Fitzgerald lifted its target to $480, pointing to Corpay’s updated Q3 guidance, which projects revenue between $1.345 billion and $1.365 billion and adjusted EPS of $7.05 to $7.25. Wolfe Research also raised its target to $475, keeping an "Outperform" rating and highlighting Corpay’s growth trajectory in the B2B payments sector.
