About Covenant Transport (NASDAQ:CVTI)
Covenant Transportation Group, Inc., together with its subsidiaries, provides truckload transportation and brokerage services primarily in the continental United States. It offers long haul, dedicated, temperature-controlled, and regional solo-driver services; long haul, regional, dedicated, and intermodal temperature-controlled services; and regional solo-driver and dedicated services. The company also provides ancillary services, including freight brokerage services and accounts receivable factoring. It serves transportation companies, such as 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, 2017, the company operated 2,559 tractors and 7,134 trailers. Covenant Transportation Group, Inc. was founded in 1986 and is headquartered in Chattanooga, Tennessee.
Industry, Sector and Symbol
Industry Trucking, except local
Sub-IndustryN/A
SectorTransportation
SymbolNASDAQ:CVTI
CUSIPN/A
Phone423-821-1212
Debt
Debt-to-Equity Ratio0.63%
Current Ratio2.00%
Quick Ratio1.95%
Price-To-Earnings
Trailing P/E Ratio35.50
Forward P/E Ratio16.66
P/E GrowthN/A
Sales & Book Value
Annual Sales$705.01 million
Price / Sales0.78
Cash Flow$4.7788 per share
Price / Cash6.24
Book Value$16.11 per share
Price / Book1.85
Profitability
EPS (Most Recent Fiscal Year)$0.84
Net Income$55.43 million
Net Margins7.94%
Return on Equity6.26%
Return on Assets2.51%
Miscellaneous
Employees4,300
Outstanding Shares18,330,000
Covenant Transport (NASDAQ:CVTI) Frequently Asked Questions
What is Covenant Transport's stock symbol?
Covenant Transport trades on the NASDAQ under the ticker symbol "CVTI."
How were Covenant Transport's earnings last quarter?
Covenant Transport (NASDAQ:CVTI) posted its earnings results on Monday, January, 29th. The transportation company reported $0.50 earnings per share (EPS) for the quarter, missing the 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 Transport had a return on equity of 6.26% and a net margin of 7.94%. The company's revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. View Covenant Transport's Earnings History.
When is Covenant Transport's next earnings date?
What guidance has Covenant Transport issued on next quarter's earnings?
Covenant Transport 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 estimate of $0.08.
What price target have analysts set for CVTI?
4 brokers have issued 12-month target prices for Covenant Transport's shares. Their predictions range from $25.00 to $40.00. On average, they anticipate Covenant Transport's stock price to reach $32.25 in the next twelve months. View Analyst Ratings for Covenant Transport.
Who are some of Covenant Transport's key competitors?
Who are Covenant Transport's key executives?
Covenant Transport's management team includes the folowing people:
- Mr. David Ray Parker, Chairman and Chief Exec. Officer (Age 60)
- Mr. Joey B. Hogan, Pres (Age 56)
- Mr. Richard B. Cribbs, Chief Financial Officer and Exec. VP (Age 46)
- Mr. Samuel F. Hough, Exec. VP and Chief Operating Officer of CTI (Age 52)
- Mr. Paul T. Newbourne, Exec. VP and Chief Operating Officer of Solutions (Age 63)
Has Covenant Transport been receiving favorable news coverage?
News articles about CVTI stock have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Covenant Transport earned a coverage optimism score of 0.16 on Accern's scale. They also assigned news articles about the transportation company an impact score of 46.54 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
How do I buy shares of Covenant Transport?
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 Transport's stock price today?
One share of CVTI stock can currently be purchased for approximately $29.82.
How big of a company is Covenant Transport?
Covenant Transport has a market capitalization of $548.98 million and generates $705.01 million in revenue each year. The transportation company earns $55.43 million in net income (profit) each year or $0.84 on an earnings per share basis. Covenant Transport employs 4,300 workers across the globe.
How can I contact Covenant Transport?
Covenant Transport'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 Transport (CVTI)
MarketBeat's community ratings are surveys of what our community members think about Covenant Transport 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.
Covenant Transport (NASDAQ:CVTI) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Covenant Transport (NASDAQ CVTI) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 33.10%
Institutional Ownership Percentage: 62.91%
Covenant Transport (NASDAQ CVTI) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/21/2018 | David Ray Parker | Chairman | Sell | 68,261 | $32.67 | $2,230,086.87 | 104,166 |  |
| 3/21/2018 | Ralph H Lovin Jr | VP | Sell | 3,000 | $33.00 | $99,000.00 | 34,532 | |
| 3/19/2018 | David Ray Parker | CEO | Sell | 9,069 | $32.75 | $297,009.75 | 104,166 | |
| 3/15/2018 | David Ray Parker | Chairman | Sell | 51,652 | $30.00 | $1,549,560.00 | 104,166 | |
| 3/15/2018 | Ralph H Lovin Jr | VP | Sell | 2,000 | $31.96 | $63,920.00 | 37,532 | |
| 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 | | |
(Data available from 1/1/2013 forward)
Covenant Transport (NASDAQ CVTI) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Covenant Transport (CVTI) Set to Announce Quarterly Earnings on Wednesday
www.americanbankingnews.com - April 23 at 8:16 PM |
| Covenant Transportation Group, Inc. (CVTI) Expected to Post Earnings of $0.20 Per Share
www.americanbankingnews.com - April 22 at 1:18 AM |
| Covenant Transportation Group (CVTI) Downgraded by BidaskClub to "Strong Sell"
www.americanbankingnews.com - April 19 at 11:03 AM |
| Critical Survey: Covenant Transportation Group (CVTI) vs. J. B. Hunt (JBHT)
www.americanbankingnews.com - April 18 at 9:34 AM |
| Comparing Heartland Express (HTLD) and Covenant Transportation Group (CVTI)
www.americanbankingnews.com - April 17 at 7:15 PM |
| Covenant Transportation Group (CVTI) Upgraded to Sell at BidaskClub
www.americanbankingnews.com - April 13 at 4:55 PM |
| Covenant Transportation Group, Inc. (CVTI) Given Average Recommendation of "Buy" by Analysts
www.americanbankingnews.com - April 11 at 1:24 AM |
| Covenant Transportation Group (CVTI) Upgraded by Stephens to "Overweight"
www.americanbankingnews.com - April 10 at 5:34 PM |
| Covenant Transportation Group (CVTI) Lifted to "Hold" at ValuEngine
www.americanbankingnews.com - April 10 at 5:02 PM |
| Covenant Transportation Group (CVTI) Upgraded to "Hold" at BidaskClub
www.americanbankingnews.com - April 10 at 3:54 PM |
| Covenant Transportation Group (CVTI) Raised to "Hold" at Zacks Investment Research
www.americanbankingnews.com - April 8 at 10:27 AM |
| Covenant Transportation Group's (CVTI) "Hold" Rating Reaffirmed at Stifel Nicolaus
www.americanbankingnews.com - April 6 at 11:33 AM |
 | Recent Analysis Shows Welltower, Integer, Jernigan Capital, ZTO EXPRESS INC, Kala Pharmaceuticals, and Covenant Transportation Group Market Influences — Renewed Outlook, Key Drivers of Growth
finance.yahoo.com - March 28 at 8:52 AM |
 | How Covenant Transportation (CVTI) Stock Stands Out in a Strong Industry
www.zacks.com - March 27 at 4:57 PM |
| New Strong Buy Stocks for March 19th
finance.yahoo.com - March 27 at 8:55 AM |
| Reviewing Covenant Transportation Group (CVTI) & Expeditors International of Washington (EXPD)
www.americanbankingnews.com - March 26 at 11:11 PM |
| Covenant Transportation Group, Inc. (CVTI) VP Sells $99,000.00 in Stock
www.americanbankingnews.com - March 23 at 4:32 PM |
| Covenant Transportation Group, Inc. (CVTI) CEO Sells $297,009.75 in Stock
www.americanbankingnews.com - March 21 at 7:32 PM |
| David Ray Parker Sells 68,261 Shares of Covenant Transportation Group, Inc. (CVTI) Stock
www.americanbankingnews.com - March 21 at 7:14 PM |
| Insider Selling: Covenant Transportation Group, Inc. (CVTI) VP Sells 2,000 Shares of Stock
www.americanbankingnews.com - March 19 at 8:28 PM |
| David Ray Parker Sells 51,652 Shares of Covenant Transportation Group, Inc. (CVTI) Stock
www.americanbankingnews.com - March 19 at 7:49 PM |
| Q2 2018 Earnings Estimate for Covenant Transportation Group, Inc. Issued By Seaport Global Securities (CVTI)
www.americanbankingnews.com - March 19 at 2:46 AM |
 | 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 |
Covenant Transport (NASDAQ:CVTI) SEC Filings
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Covenant Transport (NASDAQ:CVTI) Income Statement, Balance Sheet and Cash Flow Statement
Covenant Transport (NASDAQ CVTI) Stock Chart for Monday, April, 23, 2018
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