Covenant Logistics Group, Inc. (CVLG)

NASDAQ: CVLG · IEX Real-Time Price · USD
34.56
-0.79 (-2.23%)
At close: Feb 3, 2023, 4:00 PM
34.36
-0.20 (-0.58%)
After-hours: Feb 3, 2023, 4:29 PM EST
-2.23%
Market Cap 466.36M
Revenue (ttm) 1.22B
Net Income (ttm) 114.91M
Shares Out 13.49M
EPS (ttm) 7.32
PE Ratio 4.72
Forward PE 8.95
Dividend $0.29 (0.82%)
Ex-Dividend Date Dec 1, 2022
Volume 80,459
Open 35.12
Previous Close 35.35
Day's Range 34.21 - 35.33
52-Week Range 17.23 - 40.37
Beta 1.46
Analysts Sell
Price Target 38.42 (+11.17%)
Earnings Date Jan 26, 2023

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. The Dedicated segment provides customers with committed truckload capacity over contracted periods using equipment either owned or leased by the company.... [Read more]

Industry Trucking
Sector Industrials
IPO Date Oct 28, 1994
Employees 3,000
Stock Exchange NASDAQ
Ticker Symbol CVLG
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for CVLG stock is "Sell." The 12-month stock price forecast is $38.42, which is an increase of 11.17% from the latest price.

Price Target
$38.42
(11.17% upside)
Analyst Consensus: Sell
Stock Forecasts

News

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Covenant Logistics Group, Inc. - CVLG

New York, New York--(Newsfile Corp. - February 2, 2023) - Pomerantz LLP is investigating claims on behalf of investors of Covenant Logistics Group, Inc.("Covenant" or the "Company") (NASDAQ: CVLG). Su...

2 days ago - Newsfile Corp

Covenant Logistics Group Announces Amended Stock Repurchase Program and 10b5-1 Trading Plan

CHATTANOOGA, Tenn., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today that on January 30, 2023, the Company's board of di...

4 days ago - GlobeNewsWire

SHAREHOLDER ALERT: Investigation of Covenant Logistics Group, Inc. (CVLG) Announced by Nationally Ranked Investors' Rights Firm Holzer & Holzer, LLC

Atlanta, Georgia--(Newsfile Corp. - January 31, 2023) - Holzer & Holzer, LLC is investigating whether Covenant Logistics Group, Inc. ("Covenant Logistics" or the "Company") (NASDAQ: CVLG) complied wit...

4 days ago - Newsfile Corp

Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Covenant Logistics Group, Inc. (CVLG) Investigation

NEW YORK--(BUSINESS WIRE)--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Covenant Logistics Group, Inc. (“Covenant” or the “Co...

5 days ago - Business Wire

Covenant optimistic this time is different; stock falls 20% on wonky Q4

Management from Covenant Logistics Group provided some optimism regarding the truckload market on a call with analysts Thursday. Customers making progress reducing inventories, capacity leaving the in...

1 week ago - FreightWaves

Covenant misses expectations in noisy Q4

Covenant Logistics Group highlighted several achievements during 2022, including generating more than $1 billion in freight revenue and achieving an all-time high for full-year earnings per share, in ...

1 week ago - FreightWaves

Covenant Logistics (CVLG) Q4 Earnings Lag Estimates

Covenant Logistics (CVLG) delivered earnings and revenue surprises of -9.27% and 0.09%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

Covenant Logistics Group Announces Fourth Quarter Financial and Operating Results

CHATTANOOGA, Tenn., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today financial and operating results for the fourth quar...

1 week ago - GlobeNewsWire

What's in the Cards for Covenant (CVLG) in Q4 Earnings?

Supply-chain disruptions are likely to have hurt Covenant's (CVLG) fourth-quarter 2022 performance.

2 weeks ago - Zacks Investment Research

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

CHATTANOOGA, Tenn., Jan. 03, 2023 (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 Wednes...

1 month ago - GlobeNewsWire

Here is What to Know Beyond Why Covenant Logistics Group, Inc. (CVLG) is a Trending Stock

Recently, Zacks.com users have been paying close attention to Covenant Logistics (CVLG). This makes it worthwhile to examine what the stock has in store.

1 month ago - Zacks Investment Research

Is Trending Stock Covenant Logistics Group, Inc. (CVLG) a Buy Now?

Zacks.com users have recently been watching Covenant Logistics (CVLG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

1 month ago - Zacks Investment Research

Tap 5 Bargain Stocks With Incredibly Low EV/EBITDA Ratios

We have screened bargain stocks TA, CLS, CVLG, YPF and UNFI based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.

Other symbols: CLSTAUNFIYPF
2 months ago - Zacks Investment Research

How a rail strike could interrupt parcel delivery services

Donald Broughton, managing director of Broughton Capital, joins 'The Exchange' to discuss moves in Congress to avert a rail strike, the sectors vulnerable to a potential strike, and the turmoil a rail...

Other symbols: FDXJBHTUPS
2 months ago - CNBC Television

Covenant Logistics Group Announces Quarterly Cash Dividend

CHATTANOOGA, Tenn., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today that its board of directors has declared a quarterl...

2 months ago - GlobeNewsWire

Covenant Logistics Group, Inc. (CVLG) Hits Fresh High: Is There Still Room to Run?

Covenant Logistics (CVLG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

2 months ago - Zacks Investment Research

Is Covenant Logistics Group (CVLG) Stock Outpacing Its Transportation Peers This Year?

Here is how Covenant Logistics (CVLG) and Pyxis Tankers Inc. (PXS) have performed compared to their sector so far this year.

3 months ago - Zacks Investment Research

5 Broker-Favorite Stocks to Bank on as Market Unrest Continues

Broker-favorite stocks like American Airlines(AAL), Delta (DAL), CVR Energy (CVI), Covenant Logistics (CVLG) and Cross Country Healthcare (CCRN) are worth retaining in your portfolio amid market disru...

Other symbols: AALCCRNCVIDAL
3 months ago - Zacks Investment Research

Bull of the Day: Covenant Logistics Group (CVLG)

This stock has seen estimates move a lot higher for this year and next and still has a low valuation.

3 months ago - Zacks Investment Research

Pick These 5 Bargain Stocks With Alluring EV-to-EBITDA Ratios

We have screened bargain stocks CVLG, TA, CLS, YPF and PEBO based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.

Other symbols: CLSPEBOTAYPF
3 months ago - Zacks Investment Research

3 Top-Ranked Small Caps With Big Growth

Small-cap stocks typically have less analyst coverage, allowing investors a window to get in "early" before the crowd catches on.

Other symbols: CHSTA
3 months ago - Zacks Investment Research

Covenant Logistics (CVLG) Upgraded to Strong Buy: What Does It Mean for the Stock?

Covenant Logistics (CVLG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

3 months ago - Zacks Investment Research

Earnings Estimates Moving Higher for Covenant Logistics (CVLG): Time to Buy?

Covenant Logistics (CVLG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

3 months ago - Zacks Investment Research

7 Trucking Stocks to Sell as the Shipping Boom Goes Bust

There's a good deal of trucking stocks to sell. To be clear, the market ideas on this list do not necessarily represent flawed strategies or operations.

Other symbols: BESTDSKEPATIUSXYELLULH
3 months ago - InvestorPlace

Best Momentum Stocks to Buy for October 26th

CVLG, BANR and INDB made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on October 26, 2022.

Other symbols: BANRINDB
3 months ago - Zacks Investment Research