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: $23.16 to $23.34
• 50-Day Range: $22.76 to $26.26
• 52-Week Range: $17.46 to $30.77
• Volume: 3,244 shs
• Average Volume: 116,880 shs
• Market Capitalization: $580.71 million
• P/E Ratio: 17.72
• Dividend Yield: 1.21%
• Price Target: $33.00
• Consensus Rating: Buy

Covenant Logistics Group Stock Analysis - MarketRank™

Covenant Logistics Group scored higher than 69% of companies evaluated by MarketBeat, and ranked 52nd out of 129 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 42.2% upside from its current price of $23.21.

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 17.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 280.53.

Price to Earnings Ratio vs. Sector

The P/E ratio of Covenant Logistics Group is 17.72, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 17.45.

Price to Book Value per Share Ratio

Covenant Logistics Group has a P/B Ratio of 1.40. 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

2.79% 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 4.1.

Change versus previous month

Short interest in Covenant Logistics Group has recently increased by 1.43%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Covenant Logistics Group pays a meaningful dividend of 1.22%, 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

2.79% 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 4.1.

Change versus previous month

Short interest in Covenant Logistics Group has recently increased by 1.43%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 1.80

News Sentiment

Covenant Logistics Group has a news sentiment score of 1.80. 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 0.94 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Covenant Logistics Group this week, compared to 3 articles on an average week.

MarketBeat Follows

1 people have added Covenant Logistics Group to their MarketBeat watchlist in the last 30 days.

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 at the beginning of the year. Since then, CVLG shares have decreased by 57.4% and is now trading at $23.21.

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 earnings per share for the quarter, beating the consensus estimate 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 11.63% 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 distributed 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.

Who are Covenant Logistics Group's major shareholders?

Top institutional shareholders of Covenant Logistics Group include Scopus Asset Management L.P. (2.68%), Patton Albertson Miller Group LLC (2.19%), American Century Companies Inc. (1.99%) and CSM Advisors LLC (1.48%). Insiders that own company stock include David Ray Parker, Joey B Hogan, 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
• Record date for 9/26 Dividend: 9/05/2025
• Today: 9/16/2025
• Dividend Payable: 9/26/2025
• 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: 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: +41.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.31
• Trailing P/E Ratio: 17.84
• 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: 0.52
• Cash Flow: $5.42 per share
• Price / Cash Flow: 4.31
• Book Value: $16.56 per share
• Price / Book: 1.41

Miscellaneous

• Outstanding Shares: 25,020,000
• Free Float: 16,238,000
• Market Cap: $584.72 million
• Optionable: N/A
• Beta: 1.42