Covenant Logistics Group, Inc. (CVLG)

NYSE: CVLG · Real-Time Price · USD
51.10
-0.20 (-0.39%)
Nov 4, 2024, 4:00 PM EST - Market closed
-0.39%
Market Cap 673.48M
Revenue (ttm) 1.13B
Net Income (ttm) 42.00M
Shares Out 13.18M
EPS (ttm) 3.02
PE Ratio 17.17
Forward PE 11.20
Dividend $0.44 (0.86%)
Ex-Dividend Date Sep 6, 2024
Volume 49,769
Open 50.26
Previous Close 51.30
Day's Range 50.26 - 51.97
52-Week Range 38.25 - 56.96
Beta 1.35
Analysts Strong Buy
Price Target 69.50 (+36.01%)
Earnings Date Oct 23, 2024

About CVLG

Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. Its Dedicated segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length using e... [Read more]

Industry Trucking
Sector Industrials
IPO Date Oct 28, 1994
Employees 4,600
Stock Exchange NYSE
Ticker Symbol CVLG
Full Company Profile

Financial Performance

In 2023, Covenant Logistics Group's revenue was $1.10 billion, a decrease of -9.31% compared to the previous year's $1.22 billion. Earnings were $55.23 million, a decrease of -49.18%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for CVLG stock is "Strong Buy." The 12-month stock price forecast is $69.5, which is an increase of 36.01% from the latest price.

Price Target
$69.5
(36.01% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Covenant Logistics Group, Inc. (CVLG) Q3 2024 Earnings Call Transcript

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 ...

11 days ago - Seeking Alpha

Covenant Logistics Group Announces Third Quarter Financial and Operating Results

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 en...

12 days ago - GlobeNewsWire

Covenant Logistics Group, Inc. Announces Timing of Third Quarter Earnings Release and Conference Call

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, O...

4 weeks ago - GlobeNewsWire

Covenant Logistics Receives U.S. EPA 2024 SmartWay Excellence Award

Award Recipients are Top Environmental Performers and Leaders for Freight Supply Chain Efficiency Award Recipients are Top Environmental Performers and Leaders for Freight Supply Chain Efficiency

5 weeks ago - GlobeNewsWire

Covenant Logistics' Abby Hamm Named Recipient of 2024 Women in Supply Chain Award

This award honors female supply chain leaders and executives whose accomplishments, mentorship and examples set a foundation for women in all levels of a company's supply chain network This award hono...

7 weeks ago - GlobeNewsWire

Covenant Logistics Group Announces Quarterly Cash Dividend

CHATTANOOGA, Tenn., Aug. 19, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE: CVLG) (“Covenant” or the “Company”) announced today that its board of directors has declared a quarterly cas...

2 months ago - GlobeNewsWire

Covenant Logistics Group: Staying In Lane

Covenant Logistics Group shares have outperformed the S&P 500, up 120.8% since January 2022. Revenue for the company increased nicely in the most recent quarter to $287.5 million, with growth seen acr...

2 months ago - Seeking Alpha

Logistics Management announces Covenant Logistics as a winner of the 41st Annual Quest for Quality Awards

CHATTANOOGA, Tenn., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. is proud to announce its recognition as a winner at the 41st Annual Quest for Quality Awards, the gold standard for...

3 months ago - GlobeNewsWire

Covenant Logistics Group Announces Move to New York Stock Exchange

CHATTANOOGA, Tenn., July 26, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) today announced that it is transferring the listing of its Class A ...

3 months ago - GlobeNewsWire

Covenant Logistics Group, Inc. (CVLG) Q2 2024 Earnings Call Transcript

Covenant Logistics Group, Inc. (NASDAQ:CVLG) Q2 2024 Earnings Conference Call July 25, 2024 10:00 AM ET Company Participants Tripp Grant - Executive Vice President & Chief Financial Officer Paul Bunn...

3 months ago - Seeking Alpha

Covenant Logistics Group, Inc. Announces Timing of Second Quarter Earnings Release and Conference Call

CHATTANOOGA, Tenn., July 01, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced its plans to release its second quarter earnings after 4:00 p.m. Eastern time on Wednes...

4 months ago - GlobeNewsWire

Food Logistics Names Covenant Logistics Group as Recipient of 2024 Top 3PL & Cold Storage Providers Award

This award recognizes leading third-party logistics and cold storage providers in the cold food and beverage industry This award recognizes leading third-party logistics and cold storage providers in ...

5 months ago - GlobeNewsWire

Covenant Logistics Unveils 2023 Corporate Social Responsibility Report

CHATTANOOGA, Tenn., June 06, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc., a leading provider of transportation and logistics services in the U.S., is proud to announce the release of its 2...

5 months ago - GlobeNewsWire

Covenant Logistics Group Announces Appointment of Chief Operating Officer

CHATTANOOGA, Tenn., April 29, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) today announced Dustin Koehl has been appointed as the Company's C...

6 months ago - GlobeNewsWire

Covenant Logistics Group, Inc. (CVLG) Q1 2024 Earnings Call Transcript

Covenant Logistics Group, Inc. (CVLG) Q1 2024 Earnings Call Transcript

6 months ago - Seeking Alpha

Covenant Logistics Group Announces First Quarter Financial and Operating Results

CHATTANOOGA, Tenn., April 24, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today financial and operating results for the first quar...

6 months ago - GlobeNewsWire

Covenant Logistics Group, Inc. Announces Timing of First Quarter Earnings Release and Conference Call

CHATTANOOGA, Tenn., April 01, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced its plans to release its first quarter earnings after 4:00 p.m. Eastern time on Wednes...

7 months ago - GlobeNewsWire

Matthew Duncan of Covenant Logistics Named 2023 Transport Topics Recruiting Professional of the Year

CHATTANOOGA, Tenn., March 07, 2024 (GLOBE NEWSWIRE) -- Matthew Duncan, Vice President of Enterprise Driver Recruiting and Talent Acquisition for Covenant Logistics, has been named the 2023 Transport T...

8 months ago - GlobeNewsWire

Covenant Logistics Group, Inc. (CVLG) Q4 2023 Earnings Call Transcript

Covenant Logistics Group, Inc. (CVLG) Q4 2023 Earnings Call Transcript

10 months ago - Seeking Alpha

Covenant Logistics Group Announces Fourth Quarter Financial and Operating Results

CHATTANOOGA, Tenn., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today financial and operating results for the fourth quar...

10 months ago - GlobeNewsWire

Covenant Logistics Group, Inc. Announces Timing of Fourth Quarter Earnings Release and Conference Call

CHATTANOOGA, Tenn., Jan. 02, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced its plans to release its fourth quarter earnings after 4:00 p.m. Eastern time on Tuesda...

10 months ago - GlobeNewsWire

Covenant Logistics Group, Inc. (CVLG) Q3 2023 Earnings Call Transcript

Covenant Logistics Group, Inc. (NASDAQ:CVLG) Q3 2023 Earnings Conference Call October 26, 2023 10:00 AM ET Company Participants Tripp Grant - EVP and CFO Paul Bunn - President and COO David Parker - ...

1 year ago - Seeking Alpha

Covenant Logistics Honored with the 2023 ATA Diversity Equity and Inclusion Change Leader Award

CHATTANOOGA, Tenn., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. has been honored with the 2023 ATA Diversity Equity and Inclusion Change Leader Award. In an industry as dynamic an...

1 year ago - GlobeNewsWire

Covenant Logistics Earns Prestigious Recognition as a 2023 Top Food Chain Provider by Food Shippers of America

CHATTANOOGA, Tenn., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc (Covenant), a leading name in the logistics and transportation industry, is excited to announce its recent accolade ...

1 year ago - GlobeNewsWire

CORRECTION - Covenant Logistics Group, Inc. Announces Timing Of Third Quarter Earnings Release And Conference Call

CHATTANOOGA, Tenn., Oct. 03, 2023 (GLOBE NEWSWIRE) -- In a release issued earlier today by Covenant Logistics Group, Inc. (Nasdaq: CVLG), the wrong quarter was mentioned throughout the release, includ...

1 year ago - GlobeNewsWire