What Makes Corpay (CPAY) a New Buy Stock

Core Insights - Corpay (CPAY) has been upgraded to a Zacks Rank 2 (Buy), indicating an upward trend in earnings estimates which is a significant factor influencing stock prices [1][2] - The Zacks rating system is based on earnings estimate revisions, which are strongly correlated with near-term stock price movements, making it a valuable tool for investors [2][3] Earnings Estimates and Business Outlook - The upgrade reflects an improvement in Corpay's underlying business, with rising earnings estimates expected to positively impact its stock price [4] - Corpay is projected to earn $21.25 per share for the fiscal year ending December 2025, showing no year-over-year change, but the Zacks Consensus Estimate has increased by 0.8% over the past three months [7] Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly Zacks Rank 1 stocks averaging a +25% annual return since 1988 [6] - Corpay's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [9]