Netto Armando Lins Buys Shares of Corpay, Inc.
Netto Armando Lins acquired 70,476 shares of Corpay, Inc., marking a significant insider purchase.
Key Points
- Netto Armando Lins, Group President at Corpay, purchased 70,476 shares at $222.30 each on June 15, 2026.
- Corpay, Inc. has a market cap of $23.10 billion, with shares trading near $353.47, and a P/E ratio of 21.19.
- Several analysts maintain a buy rating on Corpay, with price targets ranging from $340 to $450.
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Netto Armando Lins, who serves as Group President for Brazil and U.S. Vehicle Payments at Corpay, Inc. (NYSE: CPAY), purchased 70,476 shares of the company on June 15, 2026. The shares were bought at an average price of $222.30 each, amounting to a total transaction value of approximately $15.67 million. This move was not part of a pre-arranged trading plan.
Insider Buying and Selling at Corpay, Inc.
On June 15, 2026, Netto Armando Lins made a significant insider purchase by acquiring 70,476 shares of Corpay at an average price of $222.30 per share. This transaction was valued at roughly $15.67 million. Additionally, on the same day, Lins sold 70,476 shares at a different price point, unrelated to any planned trading strategy. Earlier, on June 11, Lins sold 4,560 shares at $351.60 each, and on May 29, he sold 2,694 shares at $357.02. Another insider, Steven Stull, sold 1,000 shares at $360.78 on June 2, 2026.
Other Institutional Activity in Corpay, Inc.
Several major institutional investors have adjusted their positions in Corpay, Inc. BlackRock, Inc. reduced its holdings by 264,598 shares, leaving it with 6,173,498 shares valued at about $1.80 billion. In contrast, Orbis Allan Gray Ltd increased its stake by 357,457 shares, reaching 5,345,425 shares worth approximately $1.56 billion. JPMorgan Chase & Co added 86,513 shares, bringing its total to 4,821,440 shares, valued around $1.40 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both reported new positions, holding 4,427,462 and 2,991,891 shares, respectively.
Corpay, Inc. Stock Down 11.6%
Shares of Corpay, Inc. (NYSE: CPAY) traded near $353.47 recently. The company boasts a market capitalization of $23.10 billion and a P/E ratio of 21.19. Its forward P/E is 11.55, and it has a beta of 0.869, indicating lower volatility compared to the broader market. The stock's 52-week range spans from $252.84 to $367.43, with a 50-day moving average of $331.86 and a 200-day moving average of $311.82. Corpay's current ratio stands at 0.977, with a quick ratio of 0.489 and a debt-to-equity ratio of 271.34.
Recent Earnings
Corpay, Inc. reported revenue of $4.78 billion, with a growth rate of 25.4%. The company's net margin was 24.6%, and it achieved a return on equity of 32.1%. Earnings per share stood at $16.68. Investors can look forward to the next earnings release on August 5, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
Analyst view held steady after the report.
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EPS & revenue
EPS beat estimates by 3.9%. Revenue beat estimates by 2.1%.
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Profit surprise
EBITDA met by 0 percent. Operating income met by 2 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
- Analyst signal
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Earnings quality
Gross margin down 5.3 points. Operating margin up 0.6 points.
Earnings Call Summary
Corpay delivered a blowout first quarter with 1.26 billion dollars in revenue, up 25 percent year over year, and cash earnings per share of 5.80 dollars, up 29 percent. The company reported 11 percent organic growth for the fourth straight quarter, with Corporate Payments growing 16 percent and spend volumes up 43 percent. Management attributed the outperformance to strong core fundamentals across all three geographies and higher fuel prices, while reaffirming a strategic shift toward building three global businesses focused on employee payments, accounts payable solutions, and cross-border services.
Guidance Corpay raised full year 2026 revenue guidance to 5.29 billion dollars and cash earnings per share to 26.70 dollars, both increases of about 2 percent from prior guidance. The company expects 10 percent organic revenue growth and 17 percent total revenue growth for the full year.
Underwhelming report. Mixed results that may lead to slightly lower expectations.
Analysts Set New Price Targets
Several analysts have weighed in on Corpay, Inc. On May 19, 2026, Loop Capital initiated coverage with a buy rating and a $406 price target. Baird maintained a buy rating with a $380 target on March 31, 2026. UBS kept a hold rating with a $380 target on February 10, 2026, while Cantor Fitzgerald maintained a buy rating with a $415 target on February 9, 2026. Overall, the consensus among 14 analysts is a buy, with a mean target price of $395.14.
About Corpay, Inc.
Corpay, Inc., headquartered in Atlanta, Georgia, operates as a payments company serving businesses and consumers with a variety of financial solutions. It offers vehicle payment solutions, corporate payment services such as cross-border payments and virtual cards, and lodging payment options for business travelers. The company, led by CEO Ronald F. Clarke, has a workforce of 11,800 employees and is part of the technology sector, specifically within the software infrastructure industry.
Bottom Line
Netto Armando Lins' recent purchase of Corpay shares highlights ongoing insider activity at the company. Corpay, with its strong market presence and robust earnings, continues to attract attention from both institutional investors and analysts. As always, it's important to remember that insider transactions are disclosed after the fact and may not reflect current insider sentiment.
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