FleetCor Technologies, Inc. (FLT, Financial) is a niche provider of payment processing technology and private label fuel credit cards to owners of vehicle fleets and to gas station operators. The company's shares rose after its organic revenue growth rate continued to improve. FleetCor also demonstrated ongoing success in growing the profitability of its recent acquisitions in several fast-growing emerging markets, including Russia and Brazil.
From Baron Funds' fourth quarter letter.
From Baron Funds' fourth quarter letter.
