Covenant Logistics Group, Inc. (CVLG)
$
22.2
Key metrics
Financial statements
Free cash flow per share
-1.1389
Market cap
613.6 Million
Price to sales ratio
0.5423
Debt to equity
0.6773
Current ratio
1.2115
Income quality
3.4500
Average inventory
3.1 Million
ROE
0.0847
Technology
Technology – consumer electronics
Largecap
With a market cap of 121,78 bil stock is ranked 1
Low risk
ISS score of this stock is ranked 1
Company description
Profile
Covenant Logistics Group, Inc., along with its subsidiaries, provides a diverse range of transportation and logistics services throughout the United States, operating through four distinct segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment is focused on delivering truckload services characterized by stringent standards, such as completing 1,000 miles in just 22 hours and offering 15-minute delivery windows, which showcase the company's efficiency. In the Dedicated segment, Covenant offers customers reliable truckload capacity over agreed periods, utilizing equipment either owned or leased by the company, ensuring consistent service. The Managed Freight segment specializes in brokerage services, allowing customers to outsource their freight transportation to third parties, complemented by transport management services tailored for clients who prefer a hands-off approach to logistics. The Warehousing segment provides comprehensive warehouse management services, in addition to shuttle and switching services for transporting containers and trailers. Moreover, the company also partakes in the buying and leasing of used equipment. Covenant serves a variety of clients in the transportation sector, including parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers, as well as traditional truckload customers like manufacturers, retailers, and food and beverage shippers. As of December 31, 2021, the company has a fleet comprising 2,291 tractors and 5,331 trailers. Notably, the weighted average number of diluted shares outstanding is 27,714,000.00 reflecting potential dilution effects, while the gross profit stands at $189,649,000.00 highlighting the company's profitability from core operations. The company reported depreciation and amortization expenses of $86,529,000.00 reflecting the wear and tear of its assets, and incurred an interest expense of $13,576,000.00 reflecting its debt servicing obligations. Additionally, the weighted average number of shares outstanding is 26,307,000.00 showcasing the company's shareholder base. Within the dynamic market landscape, Covenant Logistics Group, Inc. is classified as a small-cap player, with a market capitalization of $589,418,880.00 indicating its stature relative to larger corporations. It belongs to the Industrials sector, contributing to innovation and growth within that space. The stock is reasonably priced at $22.08 appealing to a broad range of investors, although it experiences a low average trading volume of 92,965.00 signaling lower market activity. As a key player in the Trucking industry, Covenant actively shapes the overall market landscape, reinforcing its commitment to excellence and customer satisfaction across its various operational segments.
What is Covenant Logistics Group, Inc. (CVLG)'s stock forecast?
Analysts predict Covenant Logistics Group, Inc. stock to fluctuate between $21.52 (low) and $30.77 (high) in the next 365 days, reflecting market expectations and potential volatility.
What is Covenant Logistics Group, Inc.'s market capitalization?
As of 2025-04-01, Covenant Logistics Group, Inc.'s market cap is $589,418,880, based on 26,550,400 outstanding shares.
How does Covenant Logistics Group, Inc. compare to competitors like Meta Platforms, Inc. Class A Common Stock?
Compared to Meta Platforms, Inc. Class A Common Stock, Covenant Logistics Group, Inc. has a Lower Market-Cap, indicating a difference in performance.
How can I buy Covenant Logistics Group, Inc. (CVLG) stock?
To buy Covenant Logistics Group, Inc. (CVLG) stock: Open a brokerage account (e.g., Robinhood, TD Ameritrade, E-Trade). Search for CVLG. Place an order (Market, Limit, etc.).
What is the best time to invest in Covenant Logistics Group, Inc.?
The best time to invest depends on market trends and technical indicators, which show a Bullish trend based on economic conditions and company performance.
How did Covenant Logistics Group, Inc. perform in the last earnings report?
Revenue: $1,131,476,000 | EPS: $1.37 | Growth: -67.61%.
Where can I find Covenant Logistics Group, Inc.'s investor relations reports?
Visit https://www.covenantlogistics.com/investor-relations for detailed financial reports.
Where can I find historical stock prices for Covenant Logistics Group, Inc.?
You can explore historical data from here
What is the all-time high and low for Covenant Logistics Group, Inc. stock?
All-time high: $30.77 (2024-11-13) | All-time low: $7.41 (2021-01-29).
What are the key trends affecting Covenant Logistics Group, Inc. stock?
Key trends include market demand, economic conditions, interest rates, and industry competition, which influence the stock's performance.
News
seekingalpha.com
Covenant Logistics Group, Inc. (NYSE:CVLG ) Q4 2024 Earnings Conference Call January 24, 2025 10:00 AM ET Company Participants Tripp Grant - EVP, CFO David Parker - CEO Paul Bunn - President Dustin Koehl - COO Conference Call Participants Daniel Imbro - Stephens Jason Seidl - TD Cowen Scott Group - Wolfe Research Jeff Kauffman - Vertical Research Partners Michael Vermut - Newland Capital Operator Welcome to today's Covenant Logistics Group Fourth Quarter Earnings Release and Investor Conference Call. Our host for today's call is Tripp Grant.
globenewswire.com
CHATTANOOGA, Tenn., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE: CVLG) (“Covenant” or the “Company”) announced today financial and operating results for the fourth quarter ended December 31, 2024. The Company's conference call to discuss the quarter will be held at 10:00 A.M. Eastern Time on Friday, January 24, 2025. All references made to share or per share amounts in this press release have been retroactively adjusted to reflect the effects of our recent 2-for-1 stock split.
zacks.com
Covenant Logistics' fourth-quarter performance is expected to have been significantly hurt by economic uncertainties, resulting in increased operating expenses.
globenewswire.com
CHATTANOOGA, Tenn., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE: CVLG) announced its plans to release its fourth quarter earnings after 4:00 p.m. Eastern time on Thursday, January 23, 2025. Covenant Logistics Group, Inc. will hold a live conference call to discuss its fourth quarter earnings release on Friday, January 24, 2025, at 10:00 a.m. Eastern time. Individuals with questions may dial in at 877-550-1505 (U.S./Canada) and 0800-524-4760 (International). An audio replay will be available for one week following the call at 800-645-7964, access code 3895#. In addition, you will be able to listen to the audio replay for an extended period of time on our investor website, under the icon "Audio Archives". For additional financial and statistical information regarding the Company that may be discussed during the conference call, please visit our website at ww w .c o venantlogistics.com/investors under “Earnings Info.”
globenewswire.com
CHATTANOOGA, Tenn., Dec. 06, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE: CVLG) (“Covenant” or the “Company”) announced today that its board of directors has declared a two-for-one stock split of Covenant's Class A common stock and Class B common stock to make Covenant's stock more accessible to investors and employees. The stock split will be effected by means of a stock dividend to the holders of record of Covenant's Class A common stock and Class B common stock as of the close of business on December 20, 2024, the record date for the dividend.
globenewswire.com
Company honored as Rand McNally Safety Program of the Year, while Marshall Rushworth receives Safety Leader of the Year award for transformative leadership in fleet safety Company honored as Rand McNally Safety Program of the Year, while Marshall Rushworth receives Safety Leader of the Year award for transformative leadership in fleet safety
globenewswire.com
CHATTANOOGA, Tenn., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE: CVLG) (“Covenant” or the “Company”) announced today that its board of directors has declared a quarterly cash dividend of $0.11 per share of Class A and Class B common stock. The quarterly cash dividend is payable to stockholders of record on December 6, 2024, and is expected to be paid on December 27, 2024.
seekingalpha.com
Covenant Logistics Group, Inc. (NYSE:CVLG ) Q3 2024 Earnings Conference Call October 24, 2024 10:00 AM ET Company Participants Tripp Grant - Chief Financial Officer Paul Bunn - President David Parker - Chief Executive Officer Conference Call Participants Scott Group - Wolfe Research Jason Seidl - TD Cowen Daniel Imbro - Stephens Jeff Kauffman - Vertical Research Partners Michael Vermut - Newland Capital Dan Moore - Scopus Operator Welcome to today's Covenant Logistics Group Third Quarter Earnings Release and Investor Conference Call. Our host for today's call is Tripp Grant.
globenewswire.com
CHATTANOOGA, Tenn., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE: CVLG) (“Covenant” or the “Company”) announced today financial and operating results for the third quarter ended September 30, 2024. The Company's conference call to discuss the quarter will be held at 10:00 A.M. Eastern Time on Thursday, October 24, 2024.
globenewswire.com
CHATTANOOGA, Tenn., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE: CVLG) announced its plans to release its third quarter earnings after 4:00 p.m. Eastern time on Wednesday, October 23, 2024. Covenant Logistics Group, Inc. will hold a live conference call to discuss its third quarter earnings release on Thursday, October 24, 2024, at 10:00 a.m. Eastern time. Individuals with questions may dial in at 877-550-1505 (U.S./Canada) and 0800-524-4760 (International). An audio replay will be available for one week following the call at 800-645-7964, access code 3895#. In addition, you will be able to listen to the audio replay for an extended period of time on our investor website, under the icon "Audio Archives". For additional financial and statistical information regarding the Company that may be discussed during the conference call, please visit our website at www.covenantlogistics.com/investors under “Earnings Info.”
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