Added to YB: 2024-10-02
Pitch date: 2024-07-22
CPAY [bullish]
Corpay, Inc.
+19.58%
current return
Author Info
No bio for this author
Company Info
Corpay, Inc. operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally.
Market Cap
$24.0B
Pitch Price
$290.36
Price Target
N/A
Dividend
N/A
EV/EBITDA
13.56
P/E
22.79
EV/Sales
7.02
Sector
Financial Services
Category
turnaround
Lazard U.S. Equity Concentrated Portfolio Holding: Corpay, Inc.
CPAY: Q3 in-line but stock down on weak NA vehicle/lodging. Mgmt expects Q4 growth. High financial productivity due to competitive advantages: proprietary closed-loop networks, specialized sales channels, high switching costs (92% renewal). Temporary setback in strong business.
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