With a market cap of $22.7 billion, Corpay, Inc. (CPAY) is a global payments company that provides businesses and consumers with solutions to manage and pay expenses through services such as corporate payments, vehicle payments, lodging payments, and prepaid cards. It serves a wide range of customers by offering fuel and fleet solutions, cross-border and virtual payments, travel and lodging management, and workforce payment services.
The fuel card and payment products provider's shares have lagged behind the broader market over the past 52 weeks. CPAY stock has risen 4.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 29.7%. However, shares of the company are up 13.1% on a YTD basis, outpacing SPX’s 9.9% return.
