What smart money is saying about Corpay, Inc.
3 funds in our archive have pitched Corpay, Inc. — most recently Vltava Fund in December 2025.
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. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards. It also provides corporate payment solutions consisting of accounts payable automation; virtual cards, cross-border solutions; and purchasing and travel and entertainment card products, as well as lodging payments solutions for employees who travel overnight for work purposes; traveling crews and stranded passengers from airlines and cruise lines; and insurance policyholders displaced from their homes due to damage or catastrophe. In addition, the company offers gifts and payroll cards. It serves business, merchant, consumer, and payment network customers. The company was formerly known as FLEETCOR Technologies, Inc. and changed its name to Corpay, Inc. in March 2024. Corpay, Inc. was founded in 1986 and is headquartered in Atlanta, Georgia.
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Position history
Between Q4 2024 and Q2 2026, 1 fund letter reported a position in Corpay, Inc., with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 1 | 0 | 0 | 0 |
| Q4 2025 | 0 | 0 | 0 | 1 |
| Q3 2025 | 0 | 0 | 0 | 1 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Fund activity · 1 position
- June 2026
“There are also technology disruptions at play here. Stablecoin, crypto, AI, deregulation all might affect these companies. Or at least, they might scare the market, leading to sell-offs. Stocks in our portfolio affected – Progressive Corporation (PGR) , COF, F&G Annuities & Life (FG) , Corpay (CPAY) , SCHW, Berkshire Hathaway (BRKB) , Pagseguro (PAGS) , TFS Financial (TFSL) , S&P Global (SPGI) , JP Morgan (JPM) , Travelers Cos (TRV) . An Entire Basket Case Why do this analysis? Is this just a pile of cope? An appeal to the market gods to tilt our way? Am I just paranoid? There’s probably some of that, deep down. The market trading on trends while we focus on fundamentals makes us sound both righteous and not yet wrong. But, an investor who plans to survive on cope is better off becoming a passive index investor. There are two better reasons for thinking about baskets. One is that big moves seem to happen much more often, both for stocks and for sectors. If we can figure out patterns behind this, we can at least know what is supposedly going on. This is the first step towards learning whether there is real news in the market that we should take into account. The other is that it helps give context for when things don’t happen. Corpay, for example, had a very good quarter.”
Corpay, Inc.
Fund coverage · 3 theses
- Vltava FundDecember 2025
Corpay is a global corporate payments platform with recurring revenue, high switching costs, scale and data advantages, and proven M&A execution, offering long-term growth and cash generation that the fund believes is undervalued.
Read the full thesis - Middle Coast InvestingSeptember 2025
Corpay is a diversified payments provider with strong corporate payments growth, steady earnings, and fuel-price linked revenue trading below 15x cash earnings.
Read the full thesis - Orbis Global EquityDecember 2024
Corpay is a company that helps businesses manage expenses and pay vendors through a network of services, demonstrating strong financial performance and significant growth potential, while currently trading at a discount compared to the broader market.
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