Covenant Logistics Group (CVLG) Stock Price, News & Analysis

Company Overview

Covenant Logistics Group, Inc. (NASDAQ: CVLG) is a diversified transportation and logistics company that provides an array of services designed to meet the evolving needs of shippers across North America. Its core operations include truckload and less-than-truckload (LTL) freight, expedited and dedicated services, temperature-controlled shipping, intermodal transport and freight brokerage. By integrating its own fleet assets with third-party carriers, Covenant offers flexible solutions that aim to optimize supply chain efficiency and reduce transit times for customers in industries ranging from retail and manufacturing to food and beverage.

Since its founding in 1986 in Chattanooga, Tennessee, Covenant has grown from a regional expedited carrier into a nationwide logistics provider. Over the years, the company has expanded through strategic acquisitions, development of proprietary technology platforms and establishment of service lines such as final-mile delivery, supply chain consulting and cross-border operations. Its technology stack includes real-time tracking tools, freight-matching algorithms and customer portals that facilitate seamless booking, dispatch and monitoring of freight movements.

Operating a modern fleet of tractors and trailers—many equipped with multi-temperature capabilities—Covenant maintains terminals and service centers across the contiguous United States and Canada. This network supports point-to-point truckload and LTL lanes, as well as intermodal connections to major rail hubs. The company’s regional footprint allows for next-day and two-day service options on high-density lanes, while its brokerage arm leverages a broad carrier base to accommodate irregular flows and seasonal spikes.

Leadership at Covenant Logistics Group includes President and Chief Executive Officer Marcel J. Schaefer, who has overseen the company’s strategic diversification and digital investments, and Founder and Executive Chairman David F. Parker, whose focus on operational excellence and customer service has guided the firm’s longstanding growth. Under this executive team, Covenant continues to invest in sustainable practices, driver recruitment initiatives and technology enhancements to support future expansion and maintain its commitment to service reliability.

Key Stats

• Today's Range: $25.17 to $25.66
• 50-Day Range: $20.38 to $25.87
• 52-Week Range: $17.46 to $30.77
• Volume: 98,242 shs
• Average Volume: 116,805 shs
• Market Capitalization: $670.41 million
• P/E Ratio: 19.50
• Dividend Yield: 1.11%
• Price Target: $33.00
• Consensus Rating: Buy

Covenant Logistics Group Stock Analysis - MarketRank™

Covenant Logistics Group scored higher than 85% of companies evaluated by MarketBeat, and ranked 30th out of 126 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Covenant Logistics Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Covenant Logistics Group has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 25.23%

Earnings Growth

Earnings for Covenant Logistics Group are expected to grow by 25.23% in the coming year, from $2.18 to $2.73 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Covenant Logistics Group is 19.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.84.

Price to Earnings Ratio vs. Sector

The P/E ratio of Covenant Logistics Group is 19.50, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 13.25.

Price to Book Value per Share Ratio

Covenant Logistics Group has a P/B Ratio of 1.64. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.21% of the float of Covenant Logistics Group has been sold short.

Short Interest Ratio / Days to Cover

Covenant Logistics Group has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Covenant Logistics Group has recently increased by 38.35%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Covenant Logistics Group pays a meaningful dividend of 1.10%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Covenant Logistics Group has only been increasing its dividend for 1 years.

Dividend Coverage

The dividend payout ratio of Covenant Logistics Group is 20.14%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Covenant Logistics Group will have a dividend payout ratio of 10.26% next year. This indicates that Covenant Logistics Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.21% of the float of Covenant Logistics Group has been sold short.

Short Interest Ratio / Days to Cover

Covenant Logistics Group has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Covenant Logistics Group has recently increased by 38.35%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

Search Interest

1 people have searched for CVLG on MarketBeat in the last 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Covenant Logistics Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $50,160.00 in company stock.

Percentage Held by Insiders

35.10% of the stock of Covenant Logistics Group is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

83.72% of the stock of Covenant Logistics Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CVLG Stock Analysis - Frequently Asked Questions

How have CVLG shares performed this year?

Covenant Logistics Group's stock was trading at $54.51 at the beginning of the year. Since then, CVLG shares have decreased by 53.7% and is now trading at $25.2510.

How were Covenant Logistics Group's earnings last quarter?

Covenant Logistics Group, Inc. (NASDAQ:CVLG) posted its quarterly earnings results on Wednesday, October, 23rd. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.01. The company earned $287.89 million during the quarter. Covenant Logistics Group had a trailing twelve-month return on equity of 13.04% and a net margin of 3.17%.

When did Covenant Logistics Group's stock split?

Covenant Logistics Group shares split on the morning of Thursday, January 2nd 2025.The 2-1 split was announced on Friday, December 6th 2024. The newly created shares were payable to shareholders after the closing bell on Tuesday, December 31st 2024. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Does Covenant Logistics Group have any subsidiaries?

Covenant Logistics Group subsidiaries include these companies: Landair, Covenant Asset Management LLC a Nevada limited liability company, Covenant Logistics Inc a Nevada corporation, Covenant Transport Inc a Tennessee corporation dba Covenant Transport Services and Covenant Logistics, Covenant Transport Solutions LLC a Nevada limited liability company, CTG Leasing Company a Nevada corporation, Heritage Insurance Inc a Tennessee corporation, and more.

Who are Covenant Logistics Group's major shareholders?

Covenant Logistics Group's top institutional investors include Kings Path Partners LLC (0.04%). Insiders that own company stock include David Ray Parker, Joey B Hogan, Robert E Bosworth, Bradley A Moline, Samuel F Hough, D Michael Kramer, Herbert J Schmidt and Matisse Long.
View institutional ownership trends.

How do I buy shares of Covenant Logistics Group?

Shares of CVLG 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.

What other stocks do shareholders of Covenant Logistics Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Covenant Logistics Group investors own include NVIDIA (NVDA), Tesla (TSLA), Home Depot (HD), Advanced Micro Devices (AMD), Meta Platforms (META), Cisco Systems (CSCO) and Netflix (NFLX).

Company Calendar

• Last Earnings: 10/23/2024
• Record date for 6/27 Dividend: 6/06/2025
• Ex-Dividend for 6/27 Dividend: 6/06/2025
• Dividend Payable: 6/27/2025
• Today: 7/12/2025
• Next Earnings (Estimated): 7/23/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Transportation
• Industry: Trucking, except local
• Sub-Industry: Transportation
• Current Symbol: NASDAQ:CVLG
• CIK: 928658
• Web: www.covenanttransport.com
• Phone: (423) 821-1212
• Fax: 423-821-5442
• Employees: 4,610
• Year Founded: 1986

Price Target and Rating

• Average Price Target for Covenant Logistics Group: $33.00
• High Price Target: $36.00
• Low Price Target: $30.00
• Potential Upside/Downside: +30.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.39
• Trailing P/E Ratio: 19.50
• Forward P/E Ratio: 11.58
• P/E Growth: N/A
• Net Income: $35.92 million
• Net Margins: 3.17%
• Pretax Margin: 4.80%
• Return on Equity: 13.04%
• Return on Assets: 5.56%

Debt

• Debt-to-Equity Ratio: 0.46
• Current Ratio: 1.10
• Quick Ratio: 1.07

Sales & Book Value

• Annual Sales: $1.12 billion
• Price / Sales: 0.60
• Cash Flow: $4.72 per share
• Price / Cash Flow: 5.35
• Book Value: $15.43 per share
• Price / Book: 1.64

Miscellaneous

• Outstanding Shares: 26,550,000
• Free Float: 16,738,000
• Market Cap: $670.41 million
• Optionable: Optionable
• Beta: 1.44