With a market cap of $24.3 billion, Corpay, Inc. (CPAY) is a global payments company that helps businesses and consumers manage vehicle-related expenses, lodging, and corporate payments across the United States, Brazil, the United Kingdom, and other international markets. It offers a wide range of solutions, including fuel and fleet payments, AP automation, virtual and corporate cards, cross-border payments, and workforce lodging services.
The fuel card and payment products provider's shares have lagged behind the broader market over the past 52 weeks. CPAY stock has decreased 8.2% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 11.7%. However, shares of the company are up 15.4% on a YTD basis, outpacing SPX’s marginal return.
