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

Company Overview

Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. The Dedicated segment provides customers with committed truckload capacity over contracted periods using equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers' freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. The Warehousing segment provides day-to-day warehouse management services to customers. The segment also provides shuttle and switching services to shuttling containers and trailers. The company also engages in used equipment sales and leasing business. It serves transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. As of December 31, 2021, it operated 2,291 tractors and 5,331 trailers. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in July 2020. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.

Key Stats

• Today's Range: $23.22 to $23.85
• 50-Day Range: $21.97 to $26.26
• 52-Week Range: $17.46 to $30.77
• Volume: 23,117 shs
• Average Volume: 126,204 shs
• Market Capitalization: $618.08 million
• P/E Ratio: 17.77
• Dividend Yield: 1.20%
• Price Target: $33.00
• Consensus Rating: Buy

Covenant Logistics Group Stock Analysis - MarketRank™

Covenant Logistics Group scored higher than 73% of companies evaluated by MarketBeat. 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 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 17.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 28.14.

Price to Book Value per Share Ratio

Covenant Logistics Group has a P/B Ratio of 1.41. 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

2.05% 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 3.7, 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 1.53%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Covenant Logistics Group pays a meaningful dividend of 1.15%, 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

2.05% 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 3.7, 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 1.53%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 1.39

News Sentiment

Covenant Logistics Group has a news sentiment score of 1.39. 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 news sentiment score is similar to the average news sentiment of Transportation, Communications, Electric, Gas, And Sanitary Services companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Covenant Logistics Group this week, compared to 2 articles on an average week.

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 start of the year. Since then, CVLG stock has decreased by 57.3% and is now trading at $23.28.

How were Covenant Logistics Group's earnings last quarter?

Covenant Logistics Group, Inc. (NYSE:CVLG) released its 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 firm earned $287.89 million during the quarter. Covenant Logistics Group had a trailing twelve-month return on equity of 11.49% and a net margin of 3.18%.

When did Covenant Logistics Group's stock split?

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

Who are Covenant Logistics Group's major shareholders?

Top institutional shareholders of Covenant Logistics Group include Patton Albertson Miller Group LLC (2.19%), Polaris Capital Management LLC (0.29%), Oliver Luxxe Assets LLC (0.28%) and Ritholtz Wealth Management (0.10%). 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.

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: 8/01/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation, Communications, Electric, Gas, And Sanitary Services
• 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: N/A

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: +37.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.31
• Trailing P/E Ratio: 18.33
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $35.92 million
• Net Margins: 3.18%
• Pretax Margin: 4.44%
• Return on Equity: 11.49%
• Return on Assets: 5.05%

Debt

• Debt-to-Equity Ratio: 0.42
• Current Ratio: 1.09
• Quick Ratio: 1.06

Sales & Book Value

• Annual Sales: $1.13 billion
• Price / Sales: 0.56
• Cash Flow: $5.27 per share
• Price / Cash Flow: 4.56
• Book Value: $16.56 per share
• Price / Book: 1.45

Miscellaneous

• Outstanding Shares: 26,550,000
• Free Float: 17,231,000
• Market Cap: $637.47 million
• Optionable: N/A
• Beta: 1.44