Covenant Logistics Group, Inc. (CVLG)

NASDAQ: CVLG · IEX Real-Time Price · USD
51.53
-0.08 (-0.16%)
Feb 26, 2024, 4:00 PM EST - Market closed
-0.16%
Market Cap 670.06M
Revenue (ttm) 1.13B
Net Income (ttm) 53.94M
Shares Out 12.95M
EPS (ttm) 3.98
PE Ratio 12.95
Forward PE 12.50
Dividend $0.44 (0.85%)
Ex-Dividend Date Feb 29, 2024
Volume 99,022
Open 51.58
Previous Close 51.61
Day's Range 51.13 - 51.88
52-Week Range 32.24 - 57.57
Beta 1.43
Analysts Strong Buy
Price Target 68.67 (+33.26%)
Earnings Date Jan 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. 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 3,007
Stock Exchange NASDAQ
Ticker Symbol CVLG
Full Company Profile

Financial Performance

In 2022, CVLG's revenue was $1.22 billion, an increase of 16.33% compared to the previous year's $1.05 billion. Earnings were $108.68 million, an increase of 78.96%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for CVLG stock is "Strong Buy." The 12-month stock price forecast is $68.67, which is an increase of 33.26% from the latest price.

Price Target
$68.67
(33.26% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Covenant Logistics Group Announces Quarterly Cash Dividend

CHATTANOOGA, Tenn., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today that its board of directors has declared a quarterl...

11 days ago - GlobeNewsWire

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...

4 weeks 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...

7 weeks ago - GlobeNewsWire

Covenant Logistics Group Announces Third Quarter Financial and Operating Results

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

4 months ago - GlobeNewsWire

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...

4 months 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 ...

5 months 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...

5 months ago - GlobeNewsWire

Covenant Logistics Group, Inc. Announces Timing Of Second Quarter Earnings Release And Conference Call

CHATTANOOGA, Tenn., Oct. 03, 2023 (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...

5 months ago - GlobeNewsWire

Covenant Receives Quest for Quality Award from Logistics Management

CHATTANOOGA, Tenn., Aug. 24, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. a leading provider of transportation and logistics services in the U.S., has been awarded the Quest for Quality Awa...

6 months ago - GlobeNewsWire

Covenant Logistics Group Announces Second Quarter Financial and Operating Results

CHATTANOOGA, Tenn., July 26, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today financial and operating results for the second quar...

7 months ago - GlobeNewsWire

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

CHATTANOOGA, Tenn., July 03, 2023 (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...

8 months ago - GlobeNewsWire

Covenant Releases 2022 Corporate Social Responsibility Report

Findings reflect company's continued commitment to its people, communities, and the planet Findings reflect company's continued commitment to its people, communities, and the planet

9 months ago - GlobeNewsWire

Supply & Demand Chain Executive Names Covenant Logistics as a Recipient of the 2023 Top Supply Chain Projects Award

This award profiles innovative case study-type projects designed to automate, optimize, streamline, and improve the supply chain This award profiles innovative case study-type projects designed to aut...

9 months ago - GlobeNewsWire

Food Logistics Names Covenant Logistics as Recipient of 2023 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 ...

9 months ago - GlobeNewsWire

Covenant buys poultry hauler and reports softer 1st quarter

Covenant Logistics used the occasion of its first-quarter earnings Thursday to disclose it had spent what could amount to more than $100 million to acquire an Arkansas trucking company primarily invol...

10 months ago - FreightWaves

Covenant Logistics Group Announces First Quarter Financial and Operating Results and Acquisition

CHATTANOOGA, Tenn., April 27, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today financial and operating results for the first quar...

10 months ago - GlobeNewsWire

Covenant Announces Grand Opening of Hogan Hall and Orientation Training Center

CHATTANOOGA, Tenn., April 20, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group (Covenant), a leading provider of transportation and logistics services in the U.S., announces today the grand opening o...

11 months ago - GlobeNewsWire

Covenant Logistics Group, Inc. Announces Timing Of First Quarter Earnings Release And Conference Call

CHATTANOOGA, Tenn., March 31, 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 Thurs...

11 months ago - GlobeNewsWire

Covenant Logistics Group Announces Increase to Quarterly Cash Dividend

CHATTANOOGA, Tenn., Feb. 16, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today that, in connection with continued monitoring of th...

1 year ago - GlobeNewsWire

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

NEW YORK , Feb. 6, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Covenant Logistics Group, Inc. ("Covenant" or the "Company") (NASDAQ: CVLG). Such investors are ...

1 year ago - PRNewsWire

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...

1 year 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...

1 year 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...

1 year 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 year 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 year ago - FreightWaves