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About Covenant Transportation Group (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 Ratio0.61
Current Ratio2.18
Quick Ratio2.12
Price-To-Earnings
Trailing P/E Ratio36.81
Forward P/E Ratio16.87
P/E GrowthN/A
Sales & Book Value
Annual Sales$705.01 million
Price / Sales0.79
Cash Flow$4.7512 per share
Price / Cash6.39
Book Value$16.46 per share
Price / Book1.84
Profitability
EPS (Most Recent Fiscal Year)$0.84
Net Income$55.43 million
Net Margins8.32%
Return on Equity7.34%
Return on Assets3.08%
Miscellaneous
Employees4,300
Outstanding Shares18,330,000
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) announced its quarterly earnings data on Wednesday, April, 25th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.23 by $0.01. The transportation company had revenue of $173.57 million for the quarter, compared to analysts' expectations of $169.15 million. Covenant Transportation Group had a return on equity of 7.34% and a net margin of 8.32%. View Covenant Transportation Group's Earnings History.
What guidance has Covenant Transportation Group issued on next quarter's earnings?
Covenant Transportation Group updated 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 earnings per share estimate of $0.08.
What price target have analysts set for CVTI?
4 Wall Street analysts have issued 1 year price targets for Covenant Transportation Group's shares. Their forecasts range from $25.00 to $40.00. On average, they anticipate Covenant Transportation Group's stock price to reach $32.50 in the next twelve months. View Analyst Ratings for Covenant Transportation Group.
Who are some of Covenant Transportation Group's key competitors?
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 60)
- Mr. Joey B. Hogan, Pres (Age 56)
- Mr. Richard B. Cribbs, Exec. VP & CFO (Age 46)
- Mr. Samuel F. Hough, Exec. VP & COO of CTI (Age 52)
- Mr. Paul T. Newbourne, Exec. VP & COO of Solutions (Age 63)
Has Covenant Transportation Group been receiving favorable news coverage?
Media headlines about CVTI stock have been trending positive recently, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Covenant Transportation Group earned a coverage optimism score of 0.33 on Accern's scale. They also assigned news headlines about the transportation company an impact score of 46.95 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are Covenant Transportation Group's major shareholders?
Covenant Transportation Group's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (7.26%), BlackRock Inc. (4.51%), Millennium Management LLC (1.70%), Foundry Partners LLC (1.41%), JPMorgan Chase & Co. (1.10%) and Next Century Growth Investors LLC (1.04%). 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 major investors are selling Covenant Transportation Group stock?
CVTI stock was sold by a variety of institutional investors in the last quarter, including Guggenheim Capital LLC, Penn Capital Management Co. Inc., GSA Capital Partners LLP, Foundry Partners LLC, Wells Fargo & Company MN, Next Century Growth Investors LLC, Dimensional Fund Advisors LP and Millennium Management 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 major investors are buying Covenant Transportation Group stock?
CVTI stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., 12th Street Asset Management Company LLC, American Century Companies Inc., Allianz Asset Management GmbH, Allianz Asset Management GmbH, Alambic Investment Management L.P., Castleview Partners LLC and Prudential Financial Inc.. 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 $30.36.
How big of a company is Covenant Transportation Group?
Covenant Transportation Group has a market capitalization of $562.03 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 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 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 Transportation Group (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 Transportation Group (NASDAQ CVTI) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 35.20%
Institutional Ownership Percentage: 63.76%
Covenant Transportation Group (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 Transportation Group (NASDAQ CVTI) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Detailed Research: Economic Perspectives on CBL & Associates Properties, Covenant Transportation Group, Mitek, Comtech Telecommunications, CSG Systems International, and Berkshire Hills — What Drives Growth in Today's Competitive Landscape
finance.yahoo.com - May 21 at 8:35 AM |
 | Covenant Transport (CVTI) Raised to Strong-Buy at ValuEngine
www.americanbankingnews.com - May 12 at 12:40 PM |
| Covenant Transport (CVTI) Raised to "Hold" at BidaskClub
www.americanbankingnews.com - May 11 at 9:13 PM |
| $185.05 Million in Sales Expected for Covenant Transport (CVTI) This Quarter
www.americanbankingnews.com - May 11 at 3:29 AM |
| Head-To-Head Survey: Covenant Transport (CVTI) versus Knight-Swift (KNX)
www.americanbankingnews.com - May 9 at 11:20 PM |
| Covenant Transport (CVTI) Expected to Announce Earnings of $0.36 Per Share
www.americanbankingnews.com - May 9 at 10:10 AM |
| Covenant Transport (CVTI) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - May 6 at 1:08 AM |
| Free Post Earnings Research Report: Werner's Robust Q1 Results Outperformed Forecasts
finance.yahoo.com - May 4 at 8:37 AM |
| Edited Transcript of CVTI earnings conference call or presentation 25-Apr-18 2:00pm GMT
finance.yahoo.com - April 30 at 4:59 PM |
| BidaskClub Downgrades Covenant Transport (CVTI) to Sell
www.americanbankingnews.com - April 28 at 8:34 AM |
| Seaport Global Securities Weighs in on Covenant Transport's Q3 2018 Earnings (CVTI)
www.americanbankingnews.com - April 27 at 8:50 AM |
| Covenant Transportation Beats Estimates In 'Strong' Freight Market, Stifel Says In Upgrade
finance.yahoo.com - April 26 at 5:02 PM |
| Covenant Transport (CVTI) Upgraded by Stifel Nicolaus to Buy
www.americanbankingnews.com - April 26 at 9:48 AM |
| Covenant Transport to Post Q2 2018 Earnings of $0.35 Per Share, Seaport Global Securities Forecasts (CVTI)
www.americanbankingnews.com - April 26 at 9:12 AM |
 | Covenant Transportation's (CVTI) CEO David Parker on Q1 2018 Results - Earnings Call Transcript
seekingalpha.com - April 25 at 5:14 PM |
| Covenant Transport (CVTI) Releases Earnings Results, Beats Expectations By $0.01 EPS
www.americanbankingnews.com - April 25 at 10:57 AM |
 | Trade of the Day: Covenant Transportation Group, Inc. (CVTI)
investorplace.com - April 25 at 9:48 AM |
| Covenant Transportation Group, Inc. (CVTI)
finance.yahoo.com - April 25 at 8:37 AM |
| Covenant Transportation Group, Inc. Class A to Host Earnings Call
finance.yahoo.com - April 25 at 8:37 AM |
| Covenant Transportation: 1Q Earnings Snapshot
finance.yahoo.com - April 24 at 5:19 PM |
| Brokerages Anticipate Covenant Transport (CVTI) Will Post Quarterly Sales of $169.15 Million
www.americanbankingnews.com - April 24 at 5:00 AM |
| 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 |
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 Friday, May, 25, 2018
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