Corpay group president Alan King sells $1.58m in stock By Investing.com

Alan King, Group President of International Vehicle Payments at CORPAY, INC. (), sold 3,805 shares of the company’s common stock for a total value of $1,585,195. The transactions occurred on August 21, 2026, with prices ranging from $416.50 to $417.31 per share.

The shares were sold at a weighted average price of $416.6085. The timing of the sale comes as CORPAY stock trades near its 52-week high of $425.94, according to InvestingPro data, with shares up 37% year-to-date. Following these transactions, Mr. King directly holds 20,732 shares of CORPAY common stock.InvestingPro analysis suggests the stock remains undervalued at current levels, placing it among equities on the platform’s Most Undervalued list. Subscribers gain access to over 10 additional ProTips and comprehensive financial metrics for CPAY.

In other recent news, Corpay reported stronger-than-expected second-quarter 2026 results, with revenue reaching $1.34 billion, surpassing forecasts of $1.30 billion. The company’s adjusted earnings per share were $7.00, marking a record for Corpay. This performance led Raymond James to raise its price target for Corpay stock from $390 to $442, maintaining an Outperform rating due to the company’s earnings exceeding expectations by approximately 6%. Additionally, Cantor Fitzgerald increased its price target to $480, citing Corpay’s updated third-quarter guidance, which includes projected revenues of $1,345 million to $1,365 million and adjusted earnings per share of $7.05 to $7.25. Wolfe Research also raised its price target to $475, maintaining an Outperform rating and highlighting Corpay’s robust growth trajectory and strong position in the B2B payments sector. These developments reflect analysts’ confidence in Corpay’s continued growth and strong financial performance.

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