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NASDAQ:CVTICovenant Transportation Group Stock Price, Forecast & News

0.00 (0.00 %)
(As of 07/16/2020)
Today's Range
Now: $13.95
50-Day Range
MA: $13.78
52-Week Range
Now: $13.95
Volume226,700 shs
Average Volume210,444 shs
Market Capitalization$238.36 million
P/E Ratio139.50
Dividend YieldN/A
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. 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, 2018, the company operated 3,154 tractors and 6,950 trailers. Covenant Transportation Group, Inc. was founded in 1986 and is headquartered in Chattanooga, Tennessee.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.62 out of 5 stars

Industry, Sector and Symbol

Industry Trucking, except local
Current SymbolNASDAQ:CVTI



Sales & Book Value

Annual Sales$894.53 million
Cash Flow$4.96 per share
Book Value$18.91 per share


Net Income$8.48 million


Market Cap$238.36 million
Next Earnings DateN/A
0.00 (0.00 %)
(As of 07/16/2020)
30 days | 90 days | 365 days | Advanced Chart

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Covenant Transportation Group (NASDAQ:CVTI) Frequently Asked Questions

How has Covenant Transportation Group's stock been impacted by COVID-19 (Coronavirus)?

Covenant Transportation Group's stock was trading at $11.14 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CVTI shares have increased by 25.2% and is now trading at $13.95.
View which stocks have been most impacted by Coronavirus

Do Wall Street analysts recommend investors buy shares of Covenant Transportation Group?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covenant Transportation Group in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Covenant Transportation Group

How were Covenant Transportation Group's earnings last quarter?

Covenant Transportation Group, Inc. (NASDAQ:CVTI) released its quarterly earnings data on Tuesday, May, 19th. The transportation company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. The transportation company had revenue of $213.55 million for the quarter, compared to analyst estimates of $193.30 million. Covenant Transportation Group had a return on equity of 1.54% and a net margin of 0.21%.
View Covenant Transportation Group's earnings history

What price target have analysts set for CVTI?

4 Wall Street analysts have issued twelve-month price objectives for Covenant Transportation Group's shares. Their forecasts range from $12.00 to $20.00. On average, they anticipate Covenant Transportation Group's stock price to reach $16.00 in the next twelve months. This suggests a possible upside of 14.7% from the stock's current price.
View analysts' price targets for Covenant Transportation Group

Has Covenant Transportation Group been receiving favorable news coverage?

News articles about CVTI stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Covenant Transportation Group earned a coverage optimism score of 1.8 on InfoTrie's scale. They also gave media coverage about the transportation company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term.
View the latest news about Covenant Transportation Group

Are investors shorting Covenant Transportation Group?

Covenant Transportation Group saw a decrease in short interest in June. As of June 30th, there was short interest totaling 487,200 shares, a decrease of 19.3% from the June 15th total of 604,000 shares. Based on an average daily trading volume, of 221,500 shares, the days-to-cover ratio is currently 2.2 days. Currently, 4.2% 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Covenant Transportation Group investors own include NXP Semiconductors (NXPI), AMC Entertainment (AMC), Advanced Micro Devices (AMD), iShares Nasdaq Biotechnology ETF (IBB), Intel (INTC), Target (TGT), Alibaba Group (BABA), Teekay Tankers (TNK), Verizon Communications (VZ) and Activision Blizzard (ATVI).

Who are Covenant Transportation Group's key executives?

Covenant Transportation Group's management team includes the following 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)

What is Covenant Transportation Group's stock symbol?

Covenant Transportation Group trades on the NASDAQ under the ticker symbol "CVTI."

Who are Covenant Transportation Group's major shareholders?

Covenant Transportation Group's stock is owned by many different institutional and retail investors. Top institutional investors include Foundry Partners LLC (2.15%), First Horizon Advisors Inc. (0.96%), Wedge Capital Management L L P NC (0.30%), First Trust Advisors LP (0.15%), Hodges Capital Management Inc. (0.11%) and Triton Wealth Management PLLC (0.07%). Company insiders that own Covenant Transportation Group stock include James F Brower Jr, Joey B Hogan, John A Tweed and Robert E Bosworth.
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 UBS Group AG.
View insider buying and selling activity 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 First Horizon Advisors Inc., Foundry Partners LLC, Hodges Capital Management Inc., Triton Wealth Management PLLC, First Trust Advisors LP, and Wedge Capital Management L L P NC. 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 activity 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 $13.95.

How big of a company is Covenant Transportation Group?

Covenant Transportation Group has a market capitalization of $238.36 million and generates $894.53 million in revenue each year. The transportation company earns $8.48 million in net income (profit) each year or $0.61 on an earnings per share basis. Covenant Transportation Group employs 5,550 workers across the globe.

What is Covenant Transportation Group's official website?

The official website for Covenant Transportation Group is www.covenanttransport.com.

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]

This page was last updated on 8/4/2020 by MarketBeat.com Staff

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