Covenant Transportation Group, Inc, together with its subsidiaries, provides truckload transportation and brokerage services primarily in the continental United States. It offers expedited and dedicated services. The company also provides ancillary services, including freight brokerage and logistics services, warehousing, and accounts receivable factoring; and over-the-road truckload services, as well as transportation management, shuttle, and switching services.
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Industry, Sector and Symbol
Industry Trucking, except local
Sub-IndustryN/A
SectorTransportation
Phone423-821-1212
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$885.46 million
Profitability
Miscellaneous
Employees5,500
Next Earnings Date10/22/2019 (Estimated)
OptionableOptionable
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) issued its quarterly earnings results on Wednesday, July, 24th. The transportation company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The transportation company earned $219.30 million during the quarter, compared to analyst estimates of $220.05 million. Covenant Transportation Group had a net margin of 4.05% and a return on equity of 11.91%. View Covenant Transportation Group's Earnings History.
When is Covenant Transportation Group's next earnings date?
What guidance has Covenant Transportation Group issued on next quarter's earnings?
Covenant Transportation Group issued an update on its second quarter 2019 earnings guidance on Wednesday, July, 17th. The company provided earnings per share (EPS) guidance of $0.34-0.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.46.
What price target have analysts set for CVTI?
2 analysts have issued 1-year target prices for Covenant Transportation Group's shares. Their predictions range from $21.00 to $25.00. On average, they anticipate Covenant Transportation Group's stock price to reach $23.00 in the next year. This suggests a possible upside of 29.1% from the stock's current price. View Analyst Price Targets for Covenant Transportation Group.
What is the consensus analysts' recommendation for Covenant Transportation Group?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covenant Transportation Group in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Covenant Transportation Group.
Has Covenant Transportation Group been receiving favorable news coverage?
News stories about CVTI stock have been trending somewhat positive this week, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Covenant Transportation Group earned a news impact score of 0.9 on InfoTrie's scale. They also assigned headlines about the transportation company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Covenant Transportation Group.
Are investors shorting Covenant Transportation Group?
Covenant Transportation Group saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 214,600 shares, an increase of 14.1% from the July 31st total of 188,000 shares. Based on an average trading volume of 129,900 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.7% of the company's shares are short sold. View Covenant Transportation Group's Current Options Chain.
Who are some of Covenant Transportation Group's key competitors?
What other stocks do shareholders of Covenant Transportation Group own?
Who are Covenant Transportation Group's key executives?
Covenant Transportation Group's management team includes the folowing people:
- Mr. David Ray Parker, Chairman & CEO (Age 61)
- Mr. Joey B. Hogan, Pres & COO (Age 57)
- Mr. Richard B. Cribbs, Exec. VP, Chief Accounting Officer & CFO (Age 47)
- Mr. T. Ryan Rogers M.B.A., Chief Transformation Officer (Age 43)
- Mr. John A. Tweed, Exec. VP & COO of Landair Holdings Inc. (Age 53)
Who are Covenant Transportation Group's major shareholders?
Covenant Transportation Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.04%), LSV Asset Management (4.00%), Vanguard Group Inc. (3.61%), RE Advisers Corp (2.04%), Panagora Asset Management Inc. (1.32%) and D. E. Shaw & Co. Inc. (1.27%). Company insiders that own Covenant Transportation Group stock include David Ray Parker, Joey B Hogan, John A Tweed, Ralph H Lovin Jr, Robert E Bosworth 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 RE Advisers Corp, Bank of New York Mellon Corp, Intrinsic Edge Capital Management LLC, Wells Fargo & Company MN, Prudential Financial Inc., Hodges Capital Management Inc., AQR Capital Management LLC and Allianz Asset Management GmbH. View Insider Buying and Selling for Covenant Transportation Group.
Which institutional investors are buying Covenant Transportation Group stock?
CVTI stock was purchased by a variety of institutional investors in the last quarter, including LSV Asset Management, Nuveen Asset Management LLC, D. E. Shaw & Co. Inc., Morgan Stanley, Citadel Advisors LLC, Marshall Wace LLP, Acadian Asset Management LLC and Panagora Asset Management Inc.. Company insiders that have bought Covenant Transportation Group stock in the last two years include John A Tweed and Robert E Bosworth. 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, Robinhood, Fidelity and Charles Schwab.
What is Covenant Transportation Group's stock price today?
One share of CVTI stock can currently be purchased for approximately $17.82.
How big of a company is Covenant Transportation Group?
Covenant Transportation Group has a market capitalization of $328.96 million and generates $885.46 million in revenue each year. The transportation company earns $42.50 million in net income (profit) each year or $2.36 on an earnings per share basis. Covenant Transportation Group employs 5,500 workers across the globe.View Additional Information About Covenant Transportation Group.
What is Covenant Transportation Group's official website?
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 (NASDAQ 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 CVTI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CVTI will underperform the S&P 500 over the long term. You may vote once every thirty days.
