Is Corpay (CPAY) Fully Priced After Its Earnings Beat?

Corpay has been on a strong multi year run, and with the stock now far above where it traded a few years ago, the real question is whether that climb lines up with the returns the business earns on its capital. With the share price resetting expectations, investors are increasingly focused on how efficiently Corpay can keep turning its invested dollars into profits. Over the past 3 years, Corpay has delivered a 95.4% share price gain, which puts the spotlight squarely on whether those...