Corpay is a rare value-plus-growth combination: a double-digit organic grower in corporate payments and cross-border FX trading at just 12.8x forward earnings, with five consecutive earnings beats MarketBeat· jun 2026 and an aggressively shrinking share count. The stock sits 2-3% under its all-time high near a rising EMA20 — a textbook buy-the-shallow-dip setup on a high-quality compounder.
Corpay (formerly FLEETCOR) is a global corporate-payments platform that helps businesses control how they pay suppliers, employees and vendors. The company runs three core engines: Vehicle Payments (fuel cards, fleet and tolls — the legacy cash cow), Corporate Payments (AP automation, virtual cards and commercial payments), and Cross-Border (B2B FX hedging and international payments) StockAnalysis· jun 2026.
The model is a high-margin, recurring, transaction-fee business with deep network effects and switching costs — adj. EBITDA margins run above 54%. Management is deliberately shifting the mix toward Corporate Payments and Cross-Border, where organic growth is fastest. The $2.4B Alpha Group acquisition (closed Nov 2025) materially expands the cross-border FX franchise across the UK and Europe, while the Avid deal deepens North-American AP automation Nasdaq· nov 2025.
| Metric | Value | Signal |
|---|---|---|
| Revenue (TTM) | $4.78B | +18% YoY |
| Adj. EBITDA (Q1'26) | $689M | +24% YoY |
| Adj. EBITDA Margin | 54.6% | Best-in-class |
| Net Income (Q1'26) | $350M | +44% YoY |
| EPS (TTM, GAAP) | $16.67 | Growing |
| Cash & Equivalents | $2.54B | Strong |
| Total Debt | $10.36B | Elevated (post-Alpha) |
| P/E (TTM) | 21.4x | Reasonable |
| Fwd P/E | 12.8x | Cheap for growth |
| Analyst Target | $395 (avg) | +11% upside · Buy |
| RSI (14) | 58.0 |
| EMA 20 | $2.20 |
| EMA 50 | $336.11 |
| EMA 200 | $320.43 |
| MACD | 0.000 |
| ATR (14) | $10.98 |
Clean, stacked bullish structure: EMA20 ($348.42) > EMA50 ($336.11) > EMA200 ($320.43), with price at $356.11 just 3% under the 52-week high of $367.43. RSI at 58 is squarely in the healthy momentum band — neither oversold nor overheated — and the stock is only +2.2% extended above its rising 20-day EMA. ATR of $10.98 (~3.1%) frames clean risk. This is a controlled uptrend offering a low-risk entry on any shallow pullback toward the EMA20, rather than a stretched chase.
High-quality, cash-generative compounder with a clean share structure. The principal watch items are post-acquisition leverage — $10.36B gross debt, 2.7x net leverage at quarter-end SEC 10-Q· may 2026 — and FX-volume sensitivity in cross-border. Both are manageable, neither existential.
This is not a speculative small-cap — there is no dilution, no cash-burn, no going-concern question. The risk is concentrated in one place: the balance sheet leverage taken on for Alpha. But that debt is matched against a ~54% EBITDA-margin, recurring-revenue machine generating ~$700M of quarterly EBITDA and a multi-billion buyback. The fundamentals are strong enough that the stock can absorb a leverage or FX wobble without breaking the thesis.
Buy a high-quality double-digit compounder at a value multiple. With the entry at $351 (a limit just below spot, near the rising EMA20), the stop at $330 risks $21 to capture $39 of reward at TP1 — a clean 1.9:1 reward-to-risk, stretching to 3.5:1 at TP2. The catalyst path is concrete: five straight beats, a raised FY26 guide, an actively shrinking float, and Alpha/Avid synergies layering into H2'26 EPS. At 12.8x forward earnings the downside is cushioned by value; the upside is the analyst target ($395 avg, Buy consensus) MarketBeat· jun 2026 and a re-rating toward peer multiples.
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Past performance is not indicative of future results. All investments involve risk, including the possible loss of principal. Always conduct your own research and consult a licensed financial advisor before making investment decisions.
Data sourced from DailyTickers Gateway, Yahoo Finance, SEC EDGAR, and public market data. Accuracy is not guaranteed.