Corpay Inc. shares reached an all-time intraday high of $426.77 on Thursday, extending a rally that has pushed the stock up 38.37% year-to-date and 33.15% over the past 12 months.
The corporate payments provider’s surge follows stronger-than-expected second-quarter results, with revenue of $1.34 billion exceeding Wall Street estimates by roughly 4%. Cash earnings per share hit a record $7.00, according to data cited by analysts.
Twelve analysts revised their earnings estimates upward for the coming period, with several firms raising price targets. Raymond James lifted its target to $442 from a prior level, citing an earnings beat and revenue above consensus. Cantor Fitzgerald raised its target to $480, while Wolfe Research set a new target of $475, emphasizing margins and growth potential in the B2B payments sector. Scotiabank initiated coverage with a Sector Outperform rating, highlighting Corpay’s evolution into a diversified corporate payments platform.
Corpay also updated its guidance for the third quarter and full fiscal year 2026. Revenue is projected between $1.345 billion and $1.365 billion, while adjusted earnings per share are expected in a range of $7.05 to $7.25. The company’s performance has drawn attention in financial research circles, with Corpay featured on InvestingPro’s Most Undervalued list and included in over 1,400 Pro Research Reports for U.S. equities.
The stock’s latest milestone comes as corporate payments providers benefit from sustained demand for integrated financial services, though valuation levels remain a focus for investors amid broader market volatility.
