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S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
Alibaba Stock Analysis: Insights, Trends, and Future Predictions
Closing prices for crude oil, gold and other commodities
Salesforce Stock Analysis: Deep Dive into CRM Market Performance
Comprehensive Analysis of PayPal Stock
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
Alibaba Stock Analysis: Insights, Trends, and Future Predictions
Closing prices for crude oil, gold and other commodities
Salesforce Stock Analysis: Deep Dive into CRM Market Performance
Comprehensive Analysis of PayPal Stock
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
Alibaba Stock Analysis: Insights, Trends, and Future Predictions
Closing prices for crude oil, gold and other commodities
Salesforce Stock Analysis: Deep Dive into CRM Market Performance
Comprehensive Analysis of PayPal Stock
NASDAQ:CVLG

Covenant Logistics Group (CVLG) Stock Price, News & Analysis

$44.71
+1.26 (+2.90%)
(As of 04/19/2024 ET)
Today's Range
$43.21
$44.71
50-Day Range
$43.37
$54.62
52-Week Range
$33.58
$57.57
Volume
64,921 shs
Average Volume
58,767 shs
Market Capitalization
$584.36 million
P/E Ratio
11.09
Dividend Yield
0.98%
Price Target
$68.67

Covenant Logistics Group MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
53.6% Upside
$68.67 Price Target
Short Interest
Healthy
0.92% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.48mentions of Covenant Logistics Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$6.08 M Sold Last Quarter
Proj. Earnings Growth
14.29%
From $4.20 to $4.80 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.64 out of 5 stars

Transportation Sector

14th out of 112 stocks

Trucking, Except Local Industry

3rd out of 12 stocks

CVLG stock logo

About Covenant Logistics Group Stock (NASDAQ: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 equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers' freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. Its Warehousing segment provides day-to-day warehouse management services to customers, as well as shuttle and switching services related to shuttling containers and trailers. The company also engages in used equipment sales and leasing business. It serves transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in July 2020. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.

CVLG Stock Price History

CVLG Stock News Headlines

SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
CVLG Apr 2024 50.000 call
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Covenant Logistics Group Announces Quarterly Cash Dividend
See More Headlines
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Company Calendar

Last Earnings
1/23/2024
Ex-Dividend for 3/29 Dividend
2/29/2024
Dividend Payable
3/29/2024
Today
4/20/2024
Next Earnings (Confirmed)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Trucking, except local
Sub-Industry
N/A
Current Symbol
NASDAQ:CVLG
Employees
4,600
Year Founded
1986

Price Target and Rating

Average Stock Price Target
$68.67
High Stock Price Target
$70.00
Low Stock Price Target
$66.00
Potential Upside/Downside
+53.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$55.23 million
Pretax Margin
6.55%

Debt

Sales & Book Value

Annual Sales
$1.10 billion
Cash Flow
$9.98 per share
Book Value
$30.86 per share

Miscellaneous

Free Float
8,458,000
Market Cap
$584.36 million
Optionable
Optionable
Beta
1.41

Social Links

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Key Executives

  • Mr. David Ray Parker (Age 66)
    Chairman of the Board & CEO
    Comp: $2.12M
  • Mr. M. Paul Bunn (Age 46)
    President & COO
    Comp: $1.04M
  • Mr. James S. Grant III (Age 45)
    Executive VP & CFO
    Comp: $597.16k
  • Mr. Joey B. Hogan (Age 62)
    Executive VP & Director
    Comp: $1.48M
  • Mr. Samuel F. Hough (Age 58)
    Executive Vice President of Expedited Operations
    Comp: $699.25k
  • Mr. Matisse Long (Age 48)
    Chief Accounting Officer
  • Mr. Eric Whitton
    Senior Vice President of Technology
  • Mr. Troy A. Robertson (Age 50)
    Senior VP & General Counsel
  • Ms. Joey Ballard (Age 49)
    Executive Vice President of People & Safety
  • Mr. R. H. Lovin Jr. (Age 72)
    Executive Vice President
    Comp: $296.7k

CVLG Stock Analysis - Frequently Asked Questions

Should I buy or sell Covenant Logistics Group stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covenant Logistics Group in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CVLG shares.
View CVLG analyst ratings
or view top-rated stocks.

What is Covenant Logistics Group's stock price target for 2024?

3 brokers have issued 1-year target prices for Covenant Logistics Group's stock. Their CVLG share price targets range from $66.00 to $70.00. On average, they expect the company's share price to reach $68.67 in the next twelve months. This suggests a possible upside of 53.6% from the stock's current price.
View analysts price targets for CVLG
or view top-rated stocks among Wall Street analysts.

How have CVLG shares performed in 2024?

Covenant Logistics Group's stock was trading at $46.04 on January 1st, 2024. Since then, CVLG stock has decreased by 2.9% and is now trading at $44.71.
View the best growth stocks for 2024 here
.

Are investors shorting Covenant Logistics Group?

Covenant Logistics Group saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 70,200 shares, a drop of 23.9% from the March 15th total of 92,200 shares. Based on an average trading volume of 71,000 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.9% of the company's stock are short sold.
View Covenant Logistics Group's Short Interest
.

When is Covenant Logistics Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our CVLG earnings forecast
.

How can I listen to Covenant Logistics Group's earnings call?

Covenant Logistics Group will be holding an earnings conference call on Thursday, April 25th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 800-645-7964 with passcode "3895#".

How were Covenant Logistics Group's earnings last quarter?

Covenant Logistics Group, Inc. (NASDAQ:CVLG) issued its earnings results on Tuesday, January, 23rd. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.05 by $0.02. The business had revenue of $273.99 million for the quarter. Covenant Logistics Group had a trailing twelve-month return on equity of 14.85% and a net margin of 4.98%.

How often does Covenant Logistics Group pay dividends? What is the dividend yield for Covenant Logistics Group?

Covenant Logistics Group declared a quarterly dividend on Thursday, February 15th. Shareholders of record on Friday, March 1st will be paid a dividend of $0.11 per share on Friday, March 29th. This represents a $0.44 annualized dividend and a yield of 0.98%. The ex-dividend date is Thursday, February 29th.
Read our dividend analysis for CVLG
.

Is Covenant Logistics Group a good dividend stock?

Covenant Logistics Group (NASDAQ:CVLG) pays an annual dividend of $0.44 per share and currently has a dividend yield of 1.01%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 10.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CVLG will have a dividend payout ratio of 9.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CVLG.

What ETF holds Covenant Logistics Group's stock?

AdvisorShares Dorsey Wright Micro-Cap ETF holds 962 shares of CVLG stock, representing 1.06% of its portfolio.

Who are Covenant Logistics Group's major shareholders?

Covenant Logistics Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.03%). Insiders that own company stock include Bradley A Moline, D Michael Kramer, David Ray Parker, Joey B Hogan, Matisse Long, Robert E Bosworth and Samuel F Hough.
View institutional ownership trends
.

How do I buy shares of Covenant Logistics Group?

Shares of CVLG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Covenant Logistics Group have any subsidiaries?
The following companies are subsidiares of Covenant Logistics Group: CTG Leasing Company a Nevada corporation, Covenant Asset Management LLC a Nevada limited liability company, Covenant Logistics Inc a Nevada corporation, Covenant Transport Inc a Tennessee corporation dba Covenant Transport Services and Covenant Logistics, Covenant Transport Solutions LLC a Nevada limited liability company, Heritage Insurance Inc a Tennessee corporation, IQS Insurance Risk Retention Group Inc a Vermont corporation, Landair, Landair Holdings Inc a Tennessee corporation, Landair Leasing Inc a Tennessee corporation, Landair Logistics Inc a Tennessee corporation, Landair Transport Inc a Tennessee corporation, Southern Refrigerated Transport LLC an Arkansas limited liability company, Star Transportation LLC a Tennessee limited liability company dba Covenant Transport Services and Covenant Logistics, Transport Enterprise Leasing LLC a Georgia limited liability company, and Transport Management Services LLC a Tennessee limited liability company.
Read More
This page (NASDAQ:CVLG) was last updated on 4/20/2024 by MarketBeat.com Staff

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