Corpay, Inc. (CPAY)
Corpay, 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.
Corpay, Inc. has had an impressive run over the past month, gaining 7.7% against the industry's 2.1% decline. However, the company has reduced its 2024 revenue and EPS guidance due to continued softness in lodging revenues, higher interest rates, and unfavorable foreign exchange.