Atlanta, Georgia-based Corpay, Inc. (CPAY) operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments. With a market cap of $21.3 billion, Corpay’s operations span the Americas, Europe, and Asia-Pacific.
The payments major has underperformed the broader market over the past year. Over the past 52 weeks, CPAY gained 14.5%, lagging behind the S&P 500 Index’s ($SPX) 24.3 returns. In 2024, CPAY is up 10.1% compared to SPX’s 17.2% gains on a YTD basis.
