NASDAQ:CVLG Covenant Logistics Group (CVLG) Stock Price, News & Analysis → Secret Bull Market Starts in This Unusual Sector (From Altimetry) (Ad) Free CVLG Stock Alerts $44.71 +1.26 (+2.90%) (As of 04/19/2024 ET) Add Compare Share Share Today's Range$43.21▼$44.7150-Day Range$43.37▼$54.6252-Week Range$33.58▼$57.57Volume64,921 shsAverage Volume70,074 shsMarket Capitalization$584.36 millionP/E Ratio11.09Dividend Yield0.98%Price Target$68.67 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Covenant Logistics Group alerts: Email Address Covenant Logistics Group MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside53.6% Upside$68.67 Price TargetShort InterestHealthy0.92% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.48Based on 4 Articles This WeekInsider TradingSelling Shares$6.08 M Sold Last QuarterProj. Earnings Growth14.29%From $4.20 to $4.80 Per ShareSee Full Details Hide Full Details 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 starsTransportation Sector13th out of 110 stocksTrucking, Except Local Industry3rd out of 12 stocks 3.5 Analyst's Opinion Consensus RatingCovenant Logistics Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageCovenant Logistics Group has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.92% of the float of Covenant Logistics Group has been sold short.Short Interest Ratio / Days to CoverCovenant Logistics Group has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Covenant Logistics Group has recently decreased by 23.86%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldCovenant Logistics Group pays a meaningful dividend of 1.01%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthCovenant Logistics Group has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Covenant Logistics Group is 10.92%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Covenant Logistics Group will have a dividend payout ratio of 9.17% next year. This indicates that Covenant Logistics Group will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CVLG. Previous Next 1.9 News and Social Media Coverage News SentimentCovenant Logistics Group has a news sentiment score of 0.48. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Transportation companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Covenant Logistics Group this week, compared to 1 article on an average week.MarketBeat FollowsOnly 1 people have added Covenant Logistics Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Covenant Logistics Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,078,403.00 in company stock.Percentage Held by Insiders35.30% of the stock of Covenant Logistics Group is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions83.72% of the stock of Covenant Logistics Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Covenant Logistics Group are expected to grow by 14.29% in the coming year, from $4.20 to $4.80 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Covenant Logistics Group is 11.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.60.Price to Earnings Ratio vs. SectorThe P/E ratio of Covenant Logistics Group is 11.09, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 16.91.Price to Book Value per Share RatioCovenant Logistics Group has a P/B Ratio of 1.45. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Gold Safe ExchangeThe “Perfect Storm” for GoldGold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.Click here now to download the free Precious Metals Buying Guide! 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.Read More CVLG Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CVLG Stock News HeadlinesApril 18, 2024 | finance.yahoo.comCovenant Logistics Group, Inc.'s (NASDAQ:CVLG) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?April 18, 2024 | americanbankingnews.comContrasting Daseke (NASDAQ:DSKE) and Covenant Logistics Group (NASDAQ:CVLG)April 19, 2024 | Gold Safe Exchange (Ad)The “Perfect Storm” for GoldGold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.April 17, 2024 | americanbankingnews.comCovenant Logistics Group (CVLG) to Release Earnings on WednesdayApril 4, 2024 | finance.yahoo.comInvestors Could Be Concerned With Covenant Logistics Group's (NASDAQ:CVLG) Returns On CapitalApril 1, 2024 | globenewswire.comCovenant Logistics Group, Inc. Announces Timing of First Quarter Earnings Release and Conference CallMarch 18, 2024 | finance.yahoo.comCovenant Logistics Group, Inc. (NASDAQ:CVLG) is a favorite amongst institutional investors who own 53%March 17, 2024 | finance.yahoo.comCVLG Apr 2024 50.000 callApril 19, 2024 | Gold Safe Exchange (Ad)The “Perfect Storm” for GoldGold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.March 15, 2024 | finance.yahoo.comZacks Industry Outlook Highlights J.B. Hunt Transport, ArcBest and Covenant Logistics.March 13, 2024 | stockhouse.comWomen In Trucking Association Names Covenant Logistics' Abby Hamm and Lori Fulmer as 2024 Top Women to Watch in TransportationMarch 11, 2024 | finance.yahoo.comWomen In Trucking Association Names Covenant Logistics’ Abby Hamm and Lori Fulmer as 2024 Top Women to Watch in TransportationMarch 7, 2024 | nasdaq.comCovenant Logistics (CVLG) Stock Moves -0.56%: What You Should KnowMarch 7, 2024 | globenewswire.comMatthew Duncan of Covenant Logistics Named 2023 Transport Topics Recruiting Professional of the YearMarch 2, 2024 | finance.yahoo.comCovenant Logistics Group Full Year 2023 Earnings: EPS Misses ExpectationsFebruary 24, 2024 | finance.yahoo.comInsider Sell: EVP Samuel Hough Sells Shares of Covenant Logistics Group IncFebruary 20, 2024 | sg.finance.yahoo.comCovenant Logistics Group (NASDAQ:CVLG) Is Due To Pay A Dividend Of $0.11February 20, 2024 | msn.comHere's What Could Help Covenant Logistics (CVLG) Maintain Its Recent Price StrengthFebruary 15, 2024 | globenewswire.comCovenant Logistics Group Announces Quarterly Cash DividendFebruary 15, 2024 | finance.yahoo.comWhat Is Covenant Logistics Group, Inc.'s (NASDAQ:CVLG) Share Price Doing?January 30, 2024 | finance.yahoo.comAn Intrinsic Calculation For Covenant Logistics Group, Inc. (NASDAQ:CVLG) Suggests It's 25% UndervaluedJanuary 25, 2024 | finance.yahoo.comCovenant Logistics Group, Inc. (NASDAQ:CVLG) Q4 2023 Earnings Call TranscriptJanuary 24, 2024 | finance.yahoo.comCovenant Logistics Group Inc. Reports Fourth Quarter Earnings Amid Market ChallengesJanuary 24, 2024 | finance.yahoo.comCovenant Logistics optimistic despite 7.4% drop in Q4 revenueJanuary 23, 2024 | finance.yahoo.comCovenant Logistics Group Announces Fourth Quarter Financial and Operating ResultsJanuary 3, 2024 | finance.yahoo.comInvesting in Covenant Logistics Group (NASDAQ:CVLG) three years ago would have delivered you a 196% gainDecember 29, 2023 | finance.yahoo.comHere's Why Covenant Logistics (CVLG) Fell More Than Broader MarketSee More Headlines Receive CVLG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Covenant Logistics Group and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings1/23/2024Ex-Dividend for 3/29 Dividend2/29/2024Dividend Payable3/29/2024Today4/19/2024Next Earnings (Confirmed)4/24/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorTransportation Industry Trucking, except local Sub-IndustryN/A Current SymbolNASDAQ:CVLG CUSIPN/A CIK928658 Webwww.covenanttransport.com Phone(423) 821-1212Fax423-821-5442Employees4,600Year Founded1986Price 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 RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$4.03 Trailing P/E Ratio11.09 Forward P/E Ratio10.65 P/E GrowthN/ANet Income$55.23 million Net Margins4.98% Pretax Margin6.55% Return on Equity14.85% Return on Assets6.60% Debt Debt-to-Equity Ratio0.50 Current Ratio1.09 Quick Ratio1.06 Sales & Book Value Annual Sales$1.10 billion Price / Sales0.53 Cash Flow$9.98 per share Price / Cash Flow4.48 Book Value$30.86 per share Price / Book1.45Miscellaneous Outstanding Shares13,070,000Free Float8,458,000Market Cap$584.36 million OptionableOptionable Beta1.41 Social Links Elon Musk's Next MoveWondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.Get This Free Report Key ExecutivesMr. David Ray Parker (Age 66)Chairman of the Board & CEO Comp: $2.12MMr. M. Paul Bunn (Age 46)President & COO Comp: $1.04MMr. James S. Grant III (Age 45)Executive VP & CFO Comp: $597.16kMr. Joey B. Hogan (Age 62)Executive VP & Director Comp: $1.48MMr. Samuel F. Hough (Age 58)Executive Vice President of Expedited Operations Comp: $699.25kMr. Matisse Long (Age 48)Chief Accounting Officer Mr. Eric WhittonSenior Vice President of TechnologyMr. 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: $296.7kMore ExecutivesKey CompetitorsYRC WorldwideNASDAQ:YRCWYellowNASDAQ:YELLQHeartland ExpressNASDAQ:HTLDU.S. Xpress EnterprisesNYSE:USXP.A.M. Transportation ServicesNASDAQ:PTSIView All CompetitorsInsiders & InstitutionsAllspring Global Investments Holdings LLCBought 2,368 shares on 4/18/2024Ownership: 0.032%Quadrature Capital LtdBought 5,135 shares on 3/25/2024Ownership: 0.091%Vanguard Group Inc.Bought 11,507 shares on 3/11/2024Ownership: 3.412%Goldman Sachs Group Inc.Bought 1,621 shares on 3/1/2024Ownership: 0.283%David Ray ParkerSold 55,000 sharesTotal: $2.83 M ($51.47/share)View All Insider TransactionsView All Institutional Transactions CVLG Stock Analysis - Frequently Asked Questions Should I buy or sell Covenant Logistics Group stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Covenant Logistics Group in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research 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 12 month target prices for Covenant Logistics Group's stock. Their CVLG share price targets range from $66.00 to $70.00. On average, they predict the company's stock price to reach $68.67 in the next year. 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 at the beginning of the year. 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 decrease in short interest in the month of March. As of March 31st, there was short interest totaling 70,200 shares, a decrease of 23.9% from the March 15th total of 92,200 shares. Based on an average daily volume of 71,000 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.9% of the shares of the 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, topping the consensus estimate of $1.05 by $0.02. The firm earned $273.99 million during 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 given 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 a variety of retail and institutional investors. Top institutional investors 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 4/19/2024 by MarketBeat.com Staff From Our PartnersThe “Perfect Storm” for GoldGold Safe ExchangeBiden’s $374B Giveaway Into This SectorDTISHOCKING Crypto Leak…Crypto 101 MediaHe Is Giving Away BitcoinCrypto Swap ProfitsThe #1 Crypto for 2024InvestorPlaceOptions trading has suddenly become more reliable.Eagle PublishingHow Biden has already won 2024Porter & CompanyTop 5 AI Stocks to Buy for 2024Market Moving Trends Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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