Corpay, Inc.
CPAYCorpay, Inc. (CPAY) is a global financial technology company specializing in cross-border payments, expenses management, and treasury solutions. It provides businesses with tools to streamline international transactions, manage payment workflows, and enhance financial operations through innovative technology and integrated platforms.
Company News
AvidXchange reported Q2 2025 financial results with total revenue of $110.6 million, a 5.2% year-over-year increase. The company experienced a net loss of $9.5 million and is pending acquisition by TPG in partnership with Corpay.
Several large-cap stocks, including AppLovin, First Solar, and Li Auto, experienced significant losses last week, with AppLovin and First Solar declining over 13% due to a short-seller report and reduced renewable energy incentives, respectively.
The article discusses the earnings results of several companies in Dan Loeb's Third Point portfolio, including Cinemark Holdings, Corpay, AvidXchange Holdings, Jacobs Solutions, and Primo Brands. The article provides insights into the performance of these companies and the impact on Loeb's investments.
AvidXchange Holdings Inc. (AVDX) has agreed to be acquired by Corpay Inc. (CPAY) and TPG Inc. (TPG) for $10 per share in cash, valuing the company at $2.2 billion. The deal represents a 22% premium over AvidXchange's previous closing price.
U.S. stock futures rose ahead of the Federal Reserve's interest rate decision. Analysts expect a short bout of stagflation due to the impact of tariffs on the economy.
