S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Are We in a Bear Market? Here are the Signs
2 Dollar Stores Taking Different Paths to Profitability
S&P 500 Valuations Hit New Highs: Anticipating a Market Pullback?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Are We in a Bear Market? Here are the Signs
2 Dollar Stores Taking Different Paths to Profitability
S&P 500 Valuations Hit New Highs: Anticipating a Market Pullback?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Are We in a Bear Market? Here are the Signs
2 Dollar Stores Taking Different Paths to Profitability
S&P 500 Valuations Hit New Highs: Anticipating a Market Pullback?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Are We in a Bear Market? Here are the Signs
2 Dollar Stores Taking Different Paths to Profitability
S&P 500 Valuations Hit New Highs: Anticipating a Market Pullback?
NYSE:FLT

FLEETCOR Technologies (FLT) Stock Price, News & Analysis

$299.42
+3.78 (+1.28%)
(As of 03/18/2024 ET)
Today's Range
$296.00
$299.76
50-Day Range
$265.12
$299.42
52-Week Range
$191.76
$299.97
Volume
329,938 shs
Average Volume
478,860 shs
Market Capitalization
$21.62 billion
P/E Ratio
22.68
Dividend Yield
N/A
Price Target
$299.67

FLEETCOR Technologies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
0.1% Upside
$299.67 Price Target
Short Interest
Healthy
1.66% of Float Sold Short
Dividend Strength
N/A
Sustainability
+0.04
Upright™ Environmental Score
News Sentiment
1.11mentions of FLEETCOR Technologies in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$34.19 M Sold Last Quarter
Proj. Earnings Growth
15.88%
From $18.20 to $21.09 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.49 out of 5 stars

Business Services Sector

39th out of 311 stocks

Business Services, Not Elsewhere Classified Industry

20th out of 88 stocks

FLT stock logo

About FLEETCOR Technologies Stock (NYSE:FLT)

FLEETCOR Technologies, Inc., a business payments company that helps businesses spend less by enabling them to manage their expense-related purchasing and vendor payments processes. It offers corporate payments solutions, such as accounts payable automation; Virtual Card, which provides a single-use card number for a specific amount usable within a defined timeframe; Cross-Border that is used by its customers to pay international vendors, foreign office and personnel expenses, capital expenditures, and profit repatriation and dividends; and purchasing cards and travel and entertainment cards for its customers to analyze and manage their corporate spending. The company also provides vehicle and mobility solutions, including fuel solutions to businesses and government entities that operate vehicle fleets, as well as to oil and leasing companies, and fuel marketers; lodging solutions to businesses that have employees who travel overnight for work purposes, as well as to airlines and cruise lines to accommodate traveling crews and stranded passengers; and electronic toll payments solutions to businesses and consumers in the form of radio frequency identification tags affixed to vehicles' windshields. In addition, it offers gift card program management and processing services in plastic and digital forms that include card design, production and packaging, delivery and fulfillment, card and account management, transaction processing, promotion development and management, website design and hosting, program analytics, and card distribution channel management. Further, the company provides other products consisting of payroll cards, vehicle maintenance service solution, long-haul transportation solution, prepaid food vouchers or cards, and prepaid transportation cards and vouchers. It serves business, merchant, consumer, and payment network customers in North America, Brazil, and Internationally. The company was founded in 1986 and is headquartered in Atlanta, Georgia.

FLT Stock Price History

FLT Stock News Headlines

Central Bank Gold Heist In Progress
When central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.
FLT Apr 2024 240.000 put
The only AI company you should be looking at
This is the ONLY AI company you should be watching right now. No. It's not Nvidia, Intel, or Microsoft... It's a tiny biotech using proprietary AI to assist in new drug discovery at a rate 100,000 times faster than a human. This new drug discovery technique will change the market. And that's why they received a $50 million investment from an AI powerhouse.
FLEETCOR Announces Rebranding to Corpay
What Analysts Are Saying About Fleetcor Technologies Stock
FLEETCOR to Participate in Upcoming Investor Conferences
Fleetcor upsizes credit facility by $600M
See More Headlines
Receive FLT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for FLEETCOR Technologies and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/07/2024
Today
3/19/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Data Processing & Outsourced Services
CUSIP
33904110
Employees
10,500
Year Founded
2000

Price Target and Rating

Average Stock Price Target
$299.67
High Stock Price Target
$337.00
Low Stock Price Target
$240.00
Potential Upside/Downside
+0.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
14 Analysts

Profitability

Net Income
$981.89 million
Pretax Margin
35.26%

Debt

Sales & Book Value

Annual Sales
$3.76 billion
Cash Flow
$21.27 per share
Book Value
$45.46 per share

Miscellaneous

Free Float
67,507,000
Market Cap
$21.62 billion
Optionable
Optionable
Beta
1.22

Social Links

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report

Key Executives

  • Mr. Ronald F. Clarke (Age 68)
    Chairman, President & CEO
    Comp: $3.99M
  • Ms. Alissa B. Vickery (Age 45)
    Chief Accounting Officer
    Comp: $400.2k
  • Mr. John S. Coughlin (Age 56)
    Senior Advisor
    Comp: $968.53k
  • Mr. Armando Lins Netto (Age 56)
    Group President of Vehicle Payments in Brazil and North America
    Comp: $807.62k
  • Mr. Alan King (Age 47)
    Group President of Vehicle Payments in Europe and Australasia
    Comp: $1.05M
  • Mr. Thomas E. Panther (Age 55)
    Chief Financial Officer
  • Mr. Scott A. Dufour (Age 55)
    Chief Information Officer
  • Mr. James P. Eglseder
    Head of Investor Relations
  • Mr. Daniel S. Fishbein (Age 50)
    General Counsel
  • Mr. Steve C. Greene
    Executive Vice President of Corporate Development & Strategy

Should I Buy FLEETCOR Technologies Stock? FLT Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of FLEETCOR Technologies was last updated on Wednesday, March 13, 2024 at 11:31 PM.

Pros

Here are some ways that investors could benefit from investing in FLEETCOR Technologies, Inc.:

  • FLEETCOR Technologies has a strong net margin of 26.13%, indicating efficient cost management and profitability.
  • The company boasts a high return on equity of 37.56%, showcasing effective utilization of shareholder funds to generate earnings.
  • Recent revenue growth of 6.1% year-over-year demonstrates the company's ability to increase sales and expand its business.
  • Positive analyst ratings and price target upgrades suggest a favorable outlook for the company's stock performance.
  • Insider ownership of 6.50% indicates confidence in the company's future prospects among key stakeholders.

Cons

Investors should be bearish about investing in FLEETCOR Technologies, Inc. for these reasons:

  • Market volatility and economic uncertainties could impact the stock price of FLEETCOR Technologies, Inc.
  • Regulatory changes in the business payments industry may pose challenges to the company's operations and profitability.
  • Competition from other players in the corporate payments sector could pressure FLEETCOR Technologies' market share and margins.
  • Dependency on technological advancements and cybersecurity measures to safeguard payment solutions may expose the company to risks.
  • Fluctuations in fuel prices and travel-related expenses could affect the demand for FLEETCOR Technologies' services.

FLT Stock Analysis - Frequently Asked Questions

Should I buy or sell FLEETCOR Technologies stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for FLEETCOR Technologies in the last year. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" FLT shares.
View FLT analyst ratings
or view top-rated stocks.

What is FLEETCOR Technologies' stock price target for 2024?

14 analysts have issued 1 year price objectives for FLEETCOR Technologies' stock. Their FLT share price targets range from $240.00 to $337.00. On average, they predict the company's share price to reach $299.67 in the next year. This suggests a possible upside of 0.1% from the stock's current price.
View analysts price targets for FLT
or view top-rated stocks among Wall Street analysts.

How have FLT shares performed in 2024?

FLEETCOR Technologies' stock was trading at $282.61 on January 1st, 2024. Since then, FLT stock has increased by 5.9% and is now trading at $299.42.
View the best growth stocks for 2024 here
.

Are investors shorting FLEETCOR Technologies?

FLEETCOR Technologies saw a increase in short interest during the month of February. As of February 29th, there was short interest totaling 1,120,000 shares, an increase of 16.6% from the February 14th total of 960,300 shares. Based on an average daily volume of 479,300 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.7% of the shares of the stock are sold short.
View FLEETCOR Technologies' Short Interest
.

When is FLEETCOR Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our FLT earnings forecast
.

How were FLEETCOR Technologies' earnings last quarter?

FLEETCOR Technologies, Inc. (NYSE:FLT) released its earnings results on Wednesday, February, 7th. The business services provider reported $4.44 earnings per share for the quarter, missing the consensus estimate of $4.48 by $0.04. The business services provider earned $937.32 million during the quarter, compared to the consensus estimate of $967.01 million. FLEETCOR Technologies had a net margin of 26.13% and a trailing twelve-month return on equity of 37.56%. The company's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.83 EPS.
Read the conference call transcript
.

What guidance has FLEETCOR Technologies issued on next quarter's earnings?

FLEETCOR Technologies issued an update on its FY 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share guidance of 19.200-19.600 for the period, compared to the consensus earnings per share estimate of 19.340. The company issued revenue guidance of $4.0 billion-$4.1 billion, compared to the consensus revenue estimate of $4.1 billion.

What is Ron Clarke's approval rating as FLEETCOR Technologies' CEO?

237 employees have rated FLEETCOR Technologies Chief Executive Officer Ron Clarke on Glassdoor.com. Ron Clarke has an approval rating of 78% among the company's employees.

What other stocks do shareholders of FLEETCOR Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other FLEETCOR Technologies investors own include Netflix (NFLX), NVIDIA (NVDA), Walt Disney (DIS), Broadcom (AVGO), Adobe (ADBE), Boeing (BA), Mastercard (MA), Alibaba Group (BABA), Costco Wholesale (COST) and Gilead Sciences (GILD).

Who are FLEETCOR Technologies' major shareholders?

FLEETCOR Technologies' stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.90%), Vanguard Group Inc. (10.90%), Wellington Management Group LLP (6.52%), Price T Rowe Associates Inc. MD (5.84%), Boston Partners (2.66%) and Mawer Investment Management Ltd. (1.56%). Insiders that own company stock include Alan King, Alissa B Vickery and Ronald Clarke.
View institutional ownership trends
.

How do I buy shares of FLEETCOR Technologies?

Shares of FLT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does FLEETCOR Technologies have any subsidiaries?
The following companies are subsidiares of FLEETCOR Technologies: AFEX, AFEX Global Holdings Limited, AFEX Markets Europe Limited, AFEX Markets PLC, AFEX Offshore Limited, ALE, ALE Solutions Inc., Abbey Euro Diesel Limited, Allstar Business Solutions, Allstar Business Solutions Limited, Associated Foreign Exchange (Schweiz) AG, Associated Foreign Exchange (Singapore) Pte Ltd., Associated Foreign Exchange Australia PTY Ltd., Associated Foreign Exchange Holdings Inc, Associated Foreign Exchange Inc., Associated Foreign Exchange Ireland Limtied, Associated Foreign Exchange Limited, Associated Foreign Exchange ULC, Auto Expresso Technologia S.A., Business Fuel Cards Pty Limited, Buyatab Online Inc, CCS Ceska spolecnost pro platebni karty sro, CCS Slovenska společnost pro platebne karty sro, CFN Holding Co., CGMP Centro de Gestao de Meios de Pagamentos Ltda., CH Jones Limited, CLC Group, CLC Group Inc., CTF, CTF Technologies (Canada) ULC, CTF Technologies Do Brasil Ltda., Cambridge, Cambridge Mercantile (Australia) Pty Ltd., Cambridge Mercantile Corp. (Canada), Cambridge Mercantile Corp. (U.K.) Ltd., Cambridge Mercantile Corp. (USA), Cambridge Mercantile Risk Management (U.K.) Ltd., CardLink, Cardlink Systems Limited, Comdata, Comdata Inc., Comdata LA LLC, Comdata Network Inc. of California, Comdata TN Inc., Corpay, Corpay One ApS, Corpay One Inc., Corporate Lodging Consultants Inc., Creative Lodging Solutions LLC, Crew Transportation Specialists Inc., CrewzIT LLC, DB, Efectivale S. de R.L. de C.V., Efectivale Servicios S. de R.L. de C.V., Epyx, Epyx France SAS, Epyx Limited, FCHC Holding Company LLC, FleetCor Belgium Société Privée à Responsabilité Limitée, FleetCor Commercial Card Management (Canada) Ltd., FleetCor Czech Republic sro, FleetCor Deutschland GmbH, FleetCor Europe Limited, FleetCor Fuel Cards (Europe) Ltd, FleetCor Fuel Cards LLC, FleetCor Funding LLC (SPV), FleetCor Hungary kft., FleetCor Jersey Holding Limited, FleetCor Luxembourg Holding 1, FleetCor Luxembourg Holding 2, FleetCor Solvakia s.r.o, FleetCor Sp. z.o.o., FleetCor Tankkarten GmbH, FleetCor Technologies Inc., FleetCor Technologies Mexico S. de R.L. de C.V., FleetCor Technologies New Zealand Limited, FleetCor Technologies Operating Company - CFN Holding S.e.n.c., FleetCor Technologies Operating Company LLC, FleetCor Technologieën B.V., FleetCor UK Acquisition Limited, FleetCor UK International Management Limited – f/k/a Intercity Fuels Limited, Fleetcor UK Finance Holdings 1 LLC, Fuelcards UK Limited, Global Processing Companies Rus Limited Liability Company, Group Achamps Ltd., Hotel Connect PTE LTD., Hotel Connections SDN BHD, Hotel Connections of Japan GK (fka: Hotel Connections of Japan GK), ICP, Kiwi Fuel Cards Limited, LLC "Eltop", LLC "NCT Software", LLC "OILCARD", LLC "STC" Petrol Plus", LLC "TD NCT", LLC Petrol Plus Cards Asia, LLC Petrol Plus Cards Ukraine, LLC TD Smart-Technologies, LLC “Avto Kart neft”, LLC “Peredovie Plateznie Resheniya" (LLC "PPR"), LR2 LLC, Lynked Solutions Pty Ltd., Mannatec Inc., Mazi Holding Ltda, Mina Digital Limited, NexTraq, NvoicePay, Nvoicepay Inc., OXON, P97 Networks Inc., PT AFEX Indonesia, Pacific Pride Services LLC, Petrol Plus Region, Quadrum Investments Group Limited, R2C Online Holdings Limited, R2C Online Limited, ReD, Red Fuel Cards (Europe), Roger, Roomstorm LLC, SOLE, STP, Sem Parar Credit Rights Investment Fund ("FIDC"), Shanghai Stored Value Solutions Information Technology Co. Ltd., Skylark Innovations LLC, Stored Value Solutions Canada Ltd., Stored Value Solutions France SAS, Stored Value Solutions GmbH, Stored Value Solutions Hong Kong Limited, Stored Value Solutions International B.V., Stored Value Solutions UK Limited, TA Connections AU Pty Ltd, TA Connections Brasil Servicos de Viagens Ltda. (fka: Travelliance Brasil Servicos de Viagens Ltda.), TA Connections DE LLC, TA Connections IL LLC, TA Connections MN LLC (fka: LJK Companies LLC), TA Connections MX S.de R.L.de C.V. (fka: Travelliance S. de RL de CV), TA Connections UK Ltd. (fka: Travelliance Global Ltd.), The Fuelcard Company UK Ltd, Transit Card Int’l Polska Sp. z.o.o., TravelCard B.V., Travelliance, UAB “Transit Card International”, VB, VB – SERVIÇIOS COMÉRCIO E ADMINISTRAÇÃO LTDA, Venturo Fleet Solutions Company Limited, Venturo Technologien Swiss GmbH, and Venturo Technologies S.à r.l..
Read More
This page (NYSE:FLT) was last updated on 3/19/2024 by MarketBeat.com Staff

From Our Partners