Covenant LogisticsCVLG
About: Covenant Logistics Group Inc together with its wholly-owned subsidiaries offers truckload transportation and freight brokerage services to customers throughout the continental United States. The company's reportable segments include Expedited, Dedicated Services, Managed Freight and Warehousing. Expedited segment provides truckload services to customers with high service freight and delivery standards. Dedicated segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length. Managed Freight segment includes brokerage services and TMS. Warehousing segment provides day-to-day warehouse management services to customers who have chosen to outsource this function. Majority of revenue is generated from expedited segment.
Employees: 4,600
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
38% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 16
6% more capital invested
Capital invested by funds: $338M [Q2] → $360M (+$21.1M) [Q3]
4% more funds holding
Funds holding: 153 [Q2] → 159 (+6) [Q3]
0.72% less ownership
Funds ownership: 63.9% [Q2] → 63.18% (-0.72%) [Q3]
13% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 53
43% less call options, than puts
Call options by funds: $1.21M | Put options by funds: $2.12M
50% less funds holding in top 10
Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
TD Cowen Jason Seidl 73% 1-year accuracy 16 / 22 met price target | 21%upside $69 | Buy Maintained | 25 Oct 2024 |
Financial journalist opinion
Based on 3 articles about CVLG published over the past 30 days