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

Company Overview

Covenant Logistics Group provides a comprehensive suite of transportation and logistics services across North America. The company’s core offerings include less‐than‐truckload (LTL) and full truckload hauling, temperature‐controlled freight, intermodal transportation and freight brokerage. Covenant also delivers specialized solutions such as expedited “hot‐shot” deliveries, cross‐border shipping to Canada and Mexico, and dedicated contract carriage for time‐sensitive or high‐value shipments.

With a network of service centers, terminals and partner carriers strategically located throughout the United States, Covenant supports diverse industries including food and beverage, automotive, retail, energy and manufacturing. The company leverages technology‐enabled planning tools, real‐time tracking and a centralized customer service platform to optimize routing, improve on-time performance and enhance supply‐chain visibility for its clients.

Founded in 1986 by David Parker and headquartered in Chattanooga, Tennessee, Covenant Logistics Group has expanded organically and through targeted acquisitions to build its current footprint. The company’s leadership team comprises seasoned logistics professionals focused on service excellence, safety and operational efficiency. Covenant is publicly traded on the New York Stock Exchange under the ticker CVLG and continues to invest in network expansion, equipment upgrades and digital tools to meet evolving customer needs.

Key Stats

• Today's Range: $21.25 to $21.59
• 50-Day Range: $21.52 to $26.26
• 52-Week Range: $17.46 to $30.77
• Volume: 75,709 shs
• Average Volume: 118,068 shs
• Market Capitalization: $533.93 million
• P/E Ratio: 16.29
• Dividend Yield: 1.31%
• Price Target: $33.00
• Consensus Rating: Buy

Covenant Logistics Group Stock Analysis - MarketRank™

Covenant Logistics Group scored higher than 64% of companies evaluated by MarketBeat, and ranked 67th out of 128 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.

Upside Potential

Covenant Logistics Group has a consensus price target of $33.00, representing about 54.6% upside from its current price of $21.34.

Amount of Analyst Coverage

Covenant Logistics Group has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Covenant Logistics Group is 16.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 282.63.

Price to Earnings Ratio vs. Sector

The P/E ratio of Covenant Logistics Group is 16.29, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 13.76.

Price to Book Value per Share Ratio

Covenant Logistics Group has a P/B Ratio of 1.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

2.09% of the outstanding shares of Covenant Logistics Group have been sold short.

Short Interest Ratio / Days to Cover

Covenant Logistics Group has a short interest ratio ("days to cover") of 4.9.

Change versus previous month

Short interest in Covenant Logistics Group has recently increased by 15.39%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Covenant Logistics Group pays a meaningful dividend of 1.30%, 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 21.37%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

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

Percentage of Shares Shorted

2.09% of the outstanding shares of Covenant Logistics Group have been sold short.

Short Interest Ratio / Days to Cover

Covenant Logistics Group has a short interest ratio ("days to cover") of 4.9.

Change versus previous month

Short interest in Covenant Logistics Group has recently increased by 15.39%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 1.73

News Sentiment

Covenant Logistics Group has a news sentiment score of 1.73. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.80 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Covenant Logistics Group this week, compared to 3 articles on an average week.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Covenant Logistics Group insiders have not sold or bought any 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 on January 1st, 2025. Since then, CVLG stock has decreased by 60.9% and is now trading at $21.34.

How were Covenant Logistics Group's earnings last quarter?

Covenant Logistics Group, Inc. (NYSE:CVLG) announced its quarterly earnings data on Wednesday, October, 23rd. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. The business had revenue of $287.89 million for the quarter. Covenant Logistics Group had a trailing twelve-month return on equity of 11.63% and a net margin of 3.18%.

When did Covenant Logistics Group's stock split?

Covenant Logistics Group shares split on Thursday, January 2nd 2025.The 2-1 split was announced on Friday, December 6th 2024. The newly issued shares were issued 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.

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.

Company Calendar

• Last Earnings: 10/23/2024
• Record date for 9/26 Dividend: 9/05/2025
• Dividend Payable: 9/26/2025
• Today: 10/01/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Trucking & Courier Services, Except Air
• Sub-Industry: Transportation
• Current Symbol: NYSE:CVLG
• Previous Symbol: NYSE:CVLG
• CIK: 928658
• Web: N/A
• Phone: (423) 821-1212
• Fax: 423-821-5442
• Employees: 4,800
• 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: +54.1%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.31
• Trailing P/E Ratio: 16.35
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $35.92 million
• Net Margins: 3.18%
• Pretax Margin: 4.15%
• Return on Equity: 11.63%
• Return on Assets: 5.04%

Debt

• Debt-to-Equity Ratio: 0.52
• Current Ratio: 1.09
• Quick Ratio: 1.06

Sales & Book Value

• Annual Sales: $1.13 billion
• Price / Sales: 0.47
• Cash Flow: $5.32 per share
• Price / Cash Flow: 4.03
• Book Value: $16.56 per share
• Price / Book: 1.29

Miscellaneous

• Outstanding Shares: 25,020,000
• Free Float: 16,238,000
• Market Cap: $535.93 million
• Optionable: N/A
• Beta: 1.42