CVLG stock icon

Covenant Logistics

56.86 USD
-0.62
1.08%
At close Dec 6, 4:00 PM EST
1 day
-1.08%
5 days
-3.30%
1 month
-0.75%
3 months
12.64%
6 months
20.16%
Year to date
25.74%
1 year
34.68%
5 years
342.83%
10 years
124.92%
 

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

0
Funds holding %
of 6,794 funds
Analysts bullish %

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

Low target
$69
21%
upside
Avg. target
$69
21%
upside
High target
$69
21%
upside

1 analyst rating

positive
100%
neutral
0%
negative
0%
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

Neutral
GlobeNewsWire
1 day ago
Covenant Logistics Group Announces Two-For-One Stock Split
CHATTANOOGA, Tenn., Dec. 06, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE: CVLG) (“Covenant” or the “Company”) announced today that its board of directors has declared a two-for-one stock split of Covenant's Class A common stock and Class B common stock to make Covenant's stock more accessible to investors and employees. The stock split will be effected by means of a stock dividend to the holders of record of Covenant's Class A common stock and Class B common stock as of the close of business on December 20, 2024, the record date for the dividend.
Covenant Logistics Group Announces Two-For-One Stock Split
Neutral
GlobeNewsWire
4 days ago
Group Covenant Logistics Group Celebrates Dual Recognition for Safety Excellence
Company honored as Rand McNally Safety Program of the Year, while Marshall Rushworth receives Safety Leader of the Year award for transformative leadership in fleet safety Company honored as Rand McNally Safety Program of the Year, while Marshall Rushworth receives Safety Leader of the Year award for transformative leadership in fleet safety
Group Covenant Logistics Group Celebrates Dual Recognition for Safety Excellence
Neutral
GlobeNewsWire
1 week ago
Covenant Logistics Group Announces Quarterly Cash Dividend
CHATTANOOGA, Tenn., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE: CVLG) (“Covenant” or the “Company”) announced today that its board of directors has declared a quarterly cash dividend of $0.11 per share of Class A and Class B common stock. The quarterly cash dividend is payable to stockholders of record on December 6, 2024, and is expected to be paid on December 27, 2024.
Covenant Logistics Group Announces Quarterly Cash Dividend
Neutral
Seeking Alpha
1 month ago
Covenant Logistics Group, Inc. (CVLG) Q3 2024 Earnings Call Transcript
Covenant Logistics Group, Inc. (NYSE:CVLG ) Q3 2024 Earnings Conference Call October 24, 2024 10:00 AM ET Company Participants Tripp Grant - Chief Financial Officer Paul Bunn - President David Parker - Chief Executive Officer Conference Call Participants Scott Group - Wolfe Research Jason Seidl - TD Cowen Daniel Imbro - Stephens Jeff Kauffman - Vertical Research Partners Michael Vermut - Newland Capital Dan Moore - Scopus Operator Welcome to today's Covenant Logistics Group Third Quarter Earnings Release and Investor Conference Call. Our host for today's call is Tripp Grant.
Covenant Logistics Group, Inc. (CVLG) Q3 2024 Earnings Call Transcript
Neutral
GlobeNewsWire
1 month ago
Covenant Logistics Group Announces Third Quarter Financial and Operating Results
CHATTANOOGA, Tenn., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE: CVLG) (“Covenant” or the “Company”) announced today financial and operating results for the third quarter ended September 30, 2024. The Company's conference call to discuss the quarter will be held at 10:00 A.M. Eastern Time on Thursday, October 24, 2024.
Covenant Logistics Group Announces Third Quarter Financial and Operating Results
Neutral
GlobeNewsWire
2 months ago
Covenant Logistics Group, Inc. Announces Timing of Third Quarter Earnings Release and Conference Call
CHATTANOOGA, Tenn., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE: CVLG) announced its plans to release its third quarter earnings after 4:00 p.m. Eastern time on Wednesday, October 23, 2024. Covenant Logistics Group, Inc. will hold a live conference call to discuss its third quarter earnings release on Thursday, October 24, 2024, at 10:00 a.m. Eastern time. Individuals with questions may dial in at 877-550-1505 (U.S./Canada) and 0800-524-4760 (International). An audio replay will be available for one week following the call at 800-645-7964, access code 3895#. In addition, you will be able to listen to the audio replay for an extended period of time on our investor website, under the icon "Audio Archives". For additional financial and statistical information regarding the Company that may be discussed during the conference call, please visit our website at www.covenantlogistics.com/investors under “Earnings Info.”
Covenant Logistics Group, Inc. Announces Timing of Third Quarter Earnings Release and Conference Call
Neutral
GlobeNewsWire
2 months ago
Covenant Logistics Receives U.S. EPA 2024 SmartWay Excellence Award
Award Recipients are Top Environmental Performers and Leaders for Freight Supply Chain Efficiency Award Recipients are Top Environmental Performers and Leaders for Freight Supply Chain Efficiency
Covenant Logistics Receives U.S. EPA 2024 SmartWay Excellence Award
Neutral
GlobeNewsWire
2 months ago
Covenant Logistics' Abby Hamm Named Recipient of 2024 Women in Supply Chain Award
This award honors female supply chain leaders and executives whose accomplishments, mentorship and examples set a foundation for women in all levels of a company's supply chain network This award honors female supply chain leaders and executives whose accomplishments, mentorship and examples set a foundation for women in all levels of a company's supply chain network
Covenant Logistics' Abby Hamm Named Recipient of 2024 Women in Supply Chain Award
Neutral
Zacks Investment Research
3 months ago
Zacks Industry Outlook Knight-Swift, Werner Enterprises and Covenant
Knight-Swift, Werner Enterprises and Covenant have been highlighted in this Industry Outlook article.
Zacks Industry Outlook Knight-Swift, Werner Enterprises and Covenant
Negative
Zacks Investment Research
3 months ago
3 Truck Stocks to Keep an Eye on From a Challenging Industry
Weak freight demand hurts the Zacks Transportation Truck industry's outlook. KNX, WERN & CVLG are likely to overcome market challenges.
3 Truck Stocks to Keep an Eye on From a Challenging Industry
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