About Covenant Transportation Group (NASDAQ:CVTI)
Covenant Transportation Group, Inc. is a provider of expedited long haul freight transportation, primarily using two-person driver teams in transcontinental lanes. The Company's services also include refrigerated, dedicated, cross-border, regional and brokerage. The Company's segments include Truckload and Other. The Truckload segment includes the operations of Covenant Transport, Inc. (Covenant Transport), its flagship operation, which provides expedited long haul, dedicated, temperature-controlled and regional solo-driver service; Southern Refrigerated Transport, Inc. (SRT), which provides primarily long haul, regional, dedicated and intermodal temperature-controlled service, and Star Transportation, Inc. (Star), which provides regional solo-driver and dedicated services, primarily in the southeastern United States. The Company provides truckload transportation services throughout the continental United States, into and out of Mexico, and into and out of portions of Canada.
Industry, Sector and Symbol
Trailing P/E Ratio10.4605607255287
Forward P/E Ratio18.17
Sales & Book Value
Annual Sales$705.01 million
Price / Sales0.83
Cash Flow$4.80 per share
Price / Cash6.62
Book Value$16.11 per share
Price / Book1.97
Net Income$55.43 million
Return on Equity6.26%
Return on Assets2.51%
Covenant Transportation Group (NASDAQ:CVTI) Frequently Asked Questions
What is Covenant Transportation Group's stock symbol?
Covenant Transportation Group trades on the NASDAQ under the ticker symbol "CVTI."
How were Covenant Transportation Group's earnings last quarter?
Covenant Transportation Group, Inc. (NASDAQ:CVTI) posted its quarterly earnings results on Monday, January, 29th. The transportation company reported $0.50 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.51 by $0.01. The transportation company had revenue of $203.31 million for the quarter, compared to analysts' expectations of $202.40 million. Covenant Transportation Group had a return on equity of 6.26% and a net margin of 7.94%. The business's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 EPS. View Covenant Transportation Group's Earnings History.
What guidance has Covenant Transportation Group issued on next quarter's earnings?
Covenant Transportation Group issued an update on its first quarter earnings guidance on Wednesday, March, 14th. The company provided EPS guidance of $0.17 -0.23 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.08.
Where is Covenant Transportation Group's stock going? Where will Covenant Transportation Group's stock price be in 2018?
3 brokers have issued 12 month price objectives for Covenant Transportation Group's shares. Their predictions range from $25.00 to $40.00. On average, they anticipate Covenant Transportation Group's share price to reach $31.67 in the next twelve months. View Analyst Ratings for Covenant Transportation Group.
Who are some of Covenant Transportation Group's key competitors?
Some companies that are related to Covenant Transportation Group include Textainer Group (TGH), Stagecoach Group (SAGKF), Pacific Basin Ship (PCFBY), Teekay Offshore Partners (TOO), GasLog Partners (GLOP), ArcBest (ARCB), Seaspan (SSW), Star Bulk Carriers (SBLK), Teekay (TK), Echo Global Logistics (ECHO), Frontline (FRO), American Railcar Industries (ARII), Costamare (CMRE), Scorpio Tankers (STNG), Student Transportation (STB), Navigator (NVGS), KNOT Offshore Partners (KNOP) and Northgate (NGTEF).
Who are Covenant Transportation Group's key executives?
Covenant Transportation Group's management team includes the folowing people:
- David R. Parker, Chairman of the Board, Chief Executive Officer (Age 59)
- Joey B. Hogan, President (Age 55)
- Richard B. Cribbs, Chief Financial Officer, Executive Vice President (Age 45)
- James Heartfield, Chief Human Resource Officer, General Counsel (Age 52)
- Ralph Harrison Lovin Jr., Executive Vice President, Corporate Secretary (Age 65)
- James F. Brower Jr., Executive Vice President; Chief Operating Officer of Star Transportation, Inc. (Age 59)
- Samuel F. Hough, Executive Vice President and Chief operating officer of CTI (Age 51)
- Paul T. Newbourne, Executive Vice President; Chief Operating Officer of Solutions (Age 62)
- M. Paul Bunn, Chief Accounting Officer, Treasurer (Age 39)
- William Thomas Alt, Independent Director (Age 80)
Has Covenant Transportation Group been receiving favorable news coverage?
Headlines about CVTI stock have been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Covenant Transportation Group earned a daily sentiment score of 0.12 on Accern's scale. They also assigned news coverage about the transportation company an impact score of 46.32 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are Covenant Transportation Group's major shareholders?
Covenant Transportation Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Alliancebernstein L.P. (6.88%), BlackRock Inc. (4.57%), Millennium Management LLC (1.76%), Guggenheim Capital LLC (1.67%), Foundry Partners LLC (1.62%) and Penn Capital Management Co. Inc. (1.30%). Company insiders that own Covenant Transportation Group stock include David Ray Parker, James F Brower Jr, Joey B Hogan, Ralph H Lovin Jr and Samuel F Hough. View Institutional Ownership Trends for Covenant Transportation Group.
Which institutional investors are selling Covenant Transportation Group stock?
CVTI stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Alliancebernstein L.P., Guggenheim Capital LLC, Cushing Asset Management LP, Penn Capital Management Co. Inc., Ranger Investment Management L.P., Municipal Employees Retirement System of Michigan and Foundry Partners LLC. Company insiders that have sold Covenant Transportation Group company stock in the last year include David Ray Parker, Joey B Hogan, Ralph H Lovin Jr and Samuel F Hough. View Insider Buying and Selling for Covenant Transportation Group.
Which institutional investors are buying Covenant Transportation Group stock?
CVTI stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, Bogle Investment Management L P DE, BlueCrest Capital Management Ltd, Chicago Equity Partners LLC, Bank of Montreal Can, Acadian Asset Management LLC, Cornerstone Capital Management Holdings LLC. and Two Sigma Investments LP. View Insider Buying and Selling for Covenant Transportation Group.
How do I buy shares of Covenant Transportation Group?
Shares of CVTI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Covenant Transportation Group's stock price today?
One share of CVTI stock can currently be purchased for approximately $31.80.
How big of a company is Covenant Transportation Group?
Covenant Transportation Group has a market capitalization of $582.89 million and generates $705.01 million in revenue each year. The transportation company earns $55.43 million in net income (profit) each year or $3.04 on an earnings per share basis. Covenant Transportation Group employs 4,300 workers across the globe.
How can I contact Covenant Transportation Group?
Covenant Transportation Group's mailing address is 400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN, 37419. The transportation company can be reached via phone at 423-821-1212 or via email at [email protected]
MarketBeat Community Rating for Covenant Transportation Group (CVTI)MarketBeat's community ratings are surveys of what our community members think about Covenant Transportation Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Covenant Transportation Group (NASDAQ:CVTI) Earnings History and Estimates Chart
Covenant Transportation Group (NASDAQ CVTI) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/29/2018||Q4 2017||$0.51||$0.50||$202.40 million||$203.31 million||View||Listen|
|10/19/2017||Q3||$0.17||$0.25||$170.10 million||$178.60 million||View||N/A|
|7/25/2017||Q2 2017||$0.08||$0.08||$158.40 million||$164.30 million||View||N/A|
|4/20/2017||Q1 2017||$0.02||$0.03||$154.90 million||$158.70 million||View||N/A|
|1/25/2017||Q4 2016||$0.33||$0.33||$187.82 million||$191.00 million||View||N/A|
|10/19/2016||Q3||$0.14||$0.16||$164.50 million||$164.50 million||View||N/A|
|7/27/2016||Q2||$0.19||$0.20||$156.62 million||$158.80 million||View||N/A|
|4/27/2016||Q116||$0.21||$0.21||$163.94 million||$156.34 million||View||N/A|
|1/25/2016||Q4||$0.67||$0.73||$186.85 million||$208.10 million||View||Listen|
|7/22/2015||Q2||$0.47||$0.60||$184.73 million||$175.45 million||View||Listen|
|4/23/2015||Q1||$0.29||$0.30||$170.44 million||$167.20 million||View||N/A|
|1/21/2015||Q414||$0.74||$0.82||$190.39 million||$206.80 million||View||N/A|
|10/21/2014||Q114||$0.36||$0.42||$176.90 million||$177.60 million||View||N/A|
|7/23/2014||Q413||$0.19||$0.25||$170.87 million||$173.70 million||View||N/A|
|4/29/2014||Q1 2014||($0.08)||($0.09)||$156.82 million||$161.00 million||View||N/A|
|1/27/2014||Q313||$0.11||$0.22||$169.92 million||$176.50 million||View||N/A|
|10/17/2013||Q3 13||$0.09||$0.13||$169.65 million||$170.80 million||View||N/A|
|7/24/2013||Q2 2013||$0.09||$0.13||$170.40 million||$172.50 million||View||N/A|
|4/24/2013||Q1 2013||($0.14)||($0.13)||$168.36 million||$164.70 million||View||N/A|
|1/30/2013||Q4 2012||$0.08||$0.10||$173.42 million||$177.50 million||View||N/A|
|10/30/2012||Q312||$0.05||$0.07||$166.77 million||$133.00 million||View||N/A|
Covenant Transportation Group (NASDAQ:CVTI) Earnings Estimates
2018 EPS Consensus Estimate: $1.68
2019 EPS Consensus Estimate: $1.92
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Covenant Transportation Group (NASDAQ:CVTI)
No dividend announcements for this company have been tracked by MarketBeat.com
Covenant Transportation Group (NASDAQ CVTI) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 35.20%
Institutional Ownership Percentage: 63.40%
Covenant Transportation Group (NASDAQ CVTI) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|2/1/2018||David Ray Parker||Chairman||Sell||25,773||$30.02||$773,705.46||108,430|| |
|12/6/2017||David Ray Parker||CEO||Sell||10,000||$30.02||$300,200.00||110,580|| |
|12/4/2017||David Ray Parker||Chairman||Sell||30,455||$30.01||$913,954.55||110,580|| |
|11/30/2017||David Ray Parker||CEO||Sell||29,255||$30.01||$877,942.55||110,580|| |
|11/24/2017||David Ray Parker||Chairman||Sell||10,783||$30.02||$323,705.66||110,580|| |
|11/22/2017||David Ray Parker||CEO||Sell||3,814||$30.00||$114,420.00||110,580|| |
|11/3/2017||David Ray Parker||Chairman||Sell||60,919||$30.04||$1,830,006.76||110,580|| |
|11/3/2017||Samuel F Hough||COO||Sell||2,000||$30.00||$60,000.00||62,763|| |
|11/1/2017||David Ray Parker||CEO||Sell||54,219||$30.04||$1,628,738.76||110,580|| |
|10/27/2017||David Ray Parker||Chairman||Sell||250,000||$28.77||$7,192,500.00|| |
|10/25/2017||David Ray Parker||CEO||Sell||57,381||$28.68||$1,645,687.08|| |
|10/11/2017||Ralph H Lovin Jr||VP||Sell||4,000||$28.43||$113,720.00|| |
|9/7/2017||Joey B. Hogan||President||Sell||5,000||$25.03||$125,150.00|| |
|9/7/2017||Ralph H Lovin Jr||VP||Sell||8,922||$25.48||$227,332.56||46,371|| |
|1/30/2017||James F Brower Jr||COO||Sell||5,000||$21.77||$108,850.00||40,718|| |
|1/30/2017||Ralph H Lovin Jr||VP||Sell||3,000||$21.76||$65,280.00||44,113|| |
|12/5/2016||Ralph H Lovin Jr||VP||Sell||2,250||$21.03||$47,317.50||48,911|| |
|2/29/2016||Richard B Cribbs||CFO||Sell||2,500||$21.94||$54,850.00||57,821|| |
|8/24/2015||Samuel F Hough||COO||Buy||1,000||$21.20||$21,200.00||32,313|| |
|6/4/2015||Ralph H Lovin Jr||VP||Sell||2,500||$30.04||$75,100.00|| |
|4/29/2015||Joey B Hogan||COO||Sell||10,000||$31.79||$317,900.00|| |
|4/28/2015||Clay Scholl||VP||Sell||2,711||$33.50||$90,818.50|| |
|4/28/2015||Robert E Bosworth||Director||Sell||1,031||$33.19||$34,218.89|| |
|3/13/2015||Ralph H Lovin Jr||VP||Sell||5,944||$36.60||$217,550.40|| |
|2/10/2015||David Ray Parker||CEO||Sell||5,690||$27.50||$156,475.00|| |
|2/6/2015||William Thomas Alt||Director||Sell||2,500||$27.97||$69,925.00|| |
|2/5/2015||Clay Scholl||VP||Sell||3,729||$29.06||$108,364.74|| |
|2/5/2015||Joey B Hogan||COO||Sell||2,285||$28.98||$66,219.30|| |
|2/5/2015||Tony Smith||Insider||Sell||22,076||$17.35||$383,018.60|| |
|1/14/2015||William Thomas Alt||Director||Sell||5,000||$27.50||$137,500.00|| |
|1/8/2015||Ralph H Lovin Jr||VP||Sell||15,000||$27.98||$419,700.00|| |
|1/7/2015||William Thomas Alt||Director||Sell||5,000||$27.50||$137,500.00|| |
|1/5/2015||Ralph H Lovin Jr||VP||Sell||5,000||$27.92||$139,600.00|| |
|12/29/2014||William Thomas Alt||Director||Sell||5,000||$26.54||$132,700.00|| |
|12/22/2014||William Thomas Alt||Director||Sell||5,000||$26.66||$133,300.00|| |
|9/4/2014||Samuel F Hough||COO||Buy||1,000||$12.96||$12,960.00|| |
|8/22/2014||Ralph H Lovin Jr||VP||Sell||1,326||$13.53||$17,940.78|| |
|3/6/2014||Ralph Lovin, Jr.||VP||Sell||1,409||$11.55||$16,273.95||90,442|| |
|3/3/2014||Ralph Lovin, Jr.||VP||Sell||2,650||$10.05||$26,632.50||93,349|| |
|7/31/2013||William Thomas Alt||Director||Sell||3,080||$6.43||$19,804.40|| |
|5/30/2013||Robert E Bosworth||Director||Buy||10,000||$5.68||$56,800.00|| |
|2/4/2013||James F Brower Jr||Insider||Sell||10,000||$5.79||$57,900.00|| |
Covenant Transportation Group (NASDAQ CVTI) News Headlines
|UPDATE: Seaport Global Securities Upgrades Covenant Transportation Group (CVTI) to Buy|
www.streetinsider.com - March 18 at 8:39 AM
|Covenant Transportation Group, Inc. (CVTI) Receives Consensus Recommendation of "Buy" from Analysts|
www.americanbankingnews.com - March 17 at 1:36 AM
|Covenant Transportation Group (CVTI) Lifted to Buy at ValuEngine|
www.americanbankingnews.com - March 16 at 12:48 AM
|Covenant Transportation Group (CVTI) Upgraded by Seaport Global Securities to Buy|
www.americanbankingnews.com - March 15 at 11:42 PM
|Top Ranked Value Stocks to Buy for March 15th|
www.zacks.com - March 15 at 8:38 AM
|Top Ranked Value Stocks to Buy for March 14th|
www.zacks.com - March 14 at 6:38 PM
|Covenant Transportation Group (CVTI) Updates Q1 Earnings Guidance|
www.americanbankingnews.com - March 14 at 5:42 PM
|Ranger Investment Management L.P. Has $3.52 Million Stake in Covenant Transportation Group, Inc. (CVTI)|
www.americanbankingnews.com - March 6 at 2:10 PM
|Bogle Investment Management L P DE Acquires New Holdings in Covenant Transportation Group, Inc. (CVTI)|
www.americanbankingnews.com - March 5 at 5:10 AM
|Covenant Transportation Group, Inc. (CVTI) Stake Lowered by Next Century Growth Investors LLC|
www.americanbankingnews.com - March 2 at 6:08 PM
|Covenant Transportation Group Inc (CVTI) Files 10-K for the Fiscal Year Ended on December 31, 2017|
finance.yahoo.com - February 28 at 5:42 PM
|Covenant Transportation Group, Inc. (CVTI) Receives Consensus Recommendation of "Hold" from Brokerages|
www.americanbankingnews.com - February 20 at 1:36 AM
|Top Ranked Value Stocks to Buy for February 7th|
www.zacks.com - February 8 at 8:25 AM
|David Ray Parker Sells 25,773 Shares of Covenant Transportation Group, Inc. (CVTI) Stock|
www.americanbankingnews.com - February 5 at 9:14 PM
|Covenant Transportation Group (CVTI) Raised to "Buy" at Zacks Investment Research|
www.americanbankingnews.com - February 2 at 9:22 PM
|Covenant Transportation Group (CVTI) Receives "Neutral" Rating from Seaport Global Securities|
www.americanbankingnews.com - February 2 at 12:34 PM
|Covenant Transportation Group, Inc. (CVTI) to Post Q1 2018 Earnings of $0.07 Per Share, Seaport Global Securities Forecasts|
www.americanbankingnews.com - February 2 at 11:14 AM
|Covenant Transportation Group (CVTI) Releases Earnings Results, Misses Estimates By $0.01 EPS|
www.americanbankingnews.com - January 30 at 11:30 PM
|Covenant Transportation Group Announces Fourth Quarter Financial and Operating Results|
finance.yahoo.com - January 30 at 3:58 PM
|Cowen Raises Covenant Transportation Group (CVTI) Price Target to $30.00|
www.americanbankingnews.com - January 30 at 2:14 PM
|Zacks: Analysts Anticipate Covenant Transportation Group, Inc. (CVTI) to Announce $0.59 EPS|
www.americanbankingnews.com - January 27 at 9:18 AM
|Covenant Transportation Group, Inc. (CVTI) Receives Average Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - January 26 at 1:26 AM
|Critical Comparison: Kansas City Southern (KSU) and Covenant Transportation Group (CVTI)|
www.americanbankingnews.com - January 13 at 3:30 AM
|BidaskClub Lowers Covenant Transportation Group (CVTI) to Hold|
www.americanbankingnews.com - January 6 at 11:08 AM
|Logistics Hiring Stalled in December as Warehouse Payrolls Pulled Back|
www.wsj.com - January 6 at 10:04 AM
|Covenant Transportation Group, Inc. (CVTI) Given Average Rating of "Hold" by Brokerages|
www.americanbankingnews.com - January 1 at 1:56 AM
|Covenant Transportation Group (CVTI) Lowered to Hold at Zacks Investment Research|
www.americanbankingnews.com - December 26 at 8:16 PM
|Covenant Transportation Group, Inc. breached its 50 day moving average in a Bullish Manner : CVTI-US : December 25, 2017|
finance.yahoo.com - December 25 at 6:29 PM
|BidaskClub Downgrades Covenant Transportation Group (CVTI) to Buy|
www.americanbankingnews.com - December 24 at 9:32 AM
|Covenant Transportation Group, Inc. breached its 50 day moving average in a Bearish Manner : CVTI-US : December 14, 2017|
finance.yahoo.com - December 14 at 10:14 AM
|Covenant Transportation Group (CVTI) Upgraded at BidaskClub|
www.americanbankingnews.com - December 9 at 6:32 PM
|Head to Head Comparison: Covenant Transportation Group (CVTI) & Canadian National Railway (CNI)|
www.americanbankingnews.com - December 8 at 8:06 AM
|David Ray Parker Sells 10,000 Shares of Covenant Transportation Group, Inc. (CVTI) Stock|
www.americanbankingnews.com - December 7 at 5:56 PM
|ETFs with exposure to Covenant Transportation Group, Inc. : December 7, 2017|
finance.yahoo.com - December 7 at 5:06 PM
|Covenant Transportation Group, Inc. (CVTI) Receives Consensus Rating of "Hold" from Analysts|
www.americanbankingnews.com - December 7 at 1:46 AM
|Some U.S. truckers ask Trump to tap brakes on electronic logs|
www.reuters.com - December 6 at 4:49 PM
|Covenant Transportation Group, Inc. :CVTI-US: Earnings Analysis: Q3, 2017 By the Numbers : December 5, 2017|
finance.yahoo.com - December 5 at 11:49 AM
|David Ray Parker Sells 29,255 Shares of Covenant Transportation Group, Inc. (CVTI) Stock|
www.americanbankingnews.com - December 4 at 8:38 PM
|David Ray Parker Sells 30,455 Shares of Covenant Transportation Group, Inc. (CVTI) Stock|
www.americanbankingnews.com - December 4 at 8:38 PM
|Covenant Transportation Group (CVTI) Downgraded by ValuEngine|
www.americanbankingnews.com - December 3 at 5:12 PM
|Insider Selling: Covenant Transportation Group, Inc. (CVTI) CEO Sells 3,814 Shares of Stock|
www.americanbankingnews.com - November 27 at 8:20 PM
|Covenant Transportation Group, Inc. (CVTI) Chairman David Ray Parker Sells 10,783 Shares|
www.americanbankingnews.com - November 27 at 7:52 PM
|Critical Comparison: Covenant Transportation Group (CVTI) vs. XPO Intermodal (PACR)|
www.americanbankingnews.com - November 23 at 9:33 AM
|$201.95 Million in Sales Expected for Covenant Transportation Group, Inc. (CVTI) This Quarter|
www.americanbankingnews.com - November 21 at 12:30 PM
|Buy 4 Truckers to Gain from Strong Freight Transport|
finance.yahoo.com - November 20 at 8:41 PM
|Head to Head Contrast: Covenant Transportation Group (CVTI) vs. Schneider National (SNDR)|
www.americanbankingnews.com - November 18 at 9:08 PM
|Head-To-Head Contrast: Canadian National Railway (CNI) versus Covenant Transportation Group (CVTI)|
www.americanbankingnews.com - November 13 at 9:24 AM
|ETFs with exposure to Covenant Transportation Group, Inc. : November 10, 2017|
finance.yahoo.com - November 10 at 5:39 PM
|Covenant Transportation Group, Inc. (CVTI) COO Samuel F. Hough Sells 2,000 Shares|
www.americanbankingnews.com - November 7 at 7:10 PM
|U.S. truck firms accelerate into the merging lane|
www.reuters.com - November 7 at 5:04 AM
Covenant Transportation Group (NASDAQ:CVTI) SEC Filings
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Covenant Transportation Group (NASDAQ:CVTI) Income Statement, Balance Sheet and Cash Flow Statement
Covenant Transportation Group (NASDAQ CVTI) Stock Chart for Sunday, March, 18, 2018