NASDAQ:CVLG Covenant Logistics Group (CVLG) Stock Price, News & Analysis $50.48 -0.69 (-1.35%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$50.36▼$51.9150-Day Range$47.57▼$56.0452-Week Range$38.25▼$56.96Volume26,109 shsAverage Volume63,226 shsMarket Capitalization$659.87 millionP/E Ratio16.18Dividend Yield0.87%Price Target$70.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Covenant Logistics Group alerts: Email Address Covenant Logistics Group MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside38.7% Upside$70.00 Price TargetShort InterestHealthy1.72% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.45Based on 2 Articles This WeekInsider TradingSelling Shares$1.16 M Sold Last QuarterProj. Earnings Growth27.52%From $4.07 to $5.19 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.4.52 out of 5 starsTransportation Sector29th out of 120 stocksTrucking, Except Local Industry4th out of 13 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 2 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageCovenant Logistics Group has only been the subject of 1 research reports in the past 90 days.Read more about Covenant Logistics Group's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.72% 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 2.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Covenant Logistics Group has recently increased by 3.46%, indicating that investor sentiment is decreasing. Previous Next 1.7 Dividend Strength Dividend YieldCovenant Logistics Group has a dividend yield of 0.83%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthCovenant Logistics Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Covenant Logistics Group is 14.10%. 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 8.48% next year. This indicates that Covenant Logistics Group will be able to sustain or increase its dividend.Read more about Covenant Logistics Group's 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 2.5 News and Social Media Coverage News SentimentCovenant Logistics Group has a news sentiment score of 0.45. 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 2 news articles for Covenant Logistics Group this week, compared to 1 article on an average week.Search Interest2 people have searched for CVLG on MarketBeat in the last 30 days. This is an increase of 100% 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 $1,160,040.00 in company stock.Percentage Held by Insiders36.50% 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.Read more about Covenant Logistics Group's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Covenant Logistics Group are expected to grow by 27.52% in the coming year, from $4.07 to $5.19 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Covenant Logistics Group is 16.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.87.Price to Earnings Ratio vs. SectorThe P/E ratio of Covenant Logistics Group is 16.18, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 20.49.Price to Book Value per Share RatioCovenant Logistics Group has a P/B Ratio of 1.59. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Covenant Logistics Group's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyWhy billionaires are wiring money to abandoned towns A new force is brewing in these forgotten towns that could soon turn Appalachia into one of America’s most valuable economic hubs – the beating heart of a new multi-billion-dollar revolution. Click here for my exclusive video 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 HeadlinesSeptember 4 at 11:16 AM | finance.yahoo.comQ2 Earnings Outperformers: Covenant Logistics (NASDAQ:CVLG) And The Rest Of The Ground Transportation StocksAugust 23, 2024 | finance.yahoo.comCovenant Logistics Group (NYSE:CVLG) Has Announced A Dividend Of $0.11September 7, 2024 | Weiss Ratings (Ad)“Fed Proof” Your Bank Account with THESE 4 Simple StepsStarting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.August 19, 2024 | globenewswire.comCovenant Logistics Group Announces Quarterly Cash DividendAugust 12, 2024 | globenewswire.comLogistics Management announces Covenant Logistics as a winner of the 41st Annual Quest for Quality AwardsAugust 10, 2024 | finance.yahoo.comCovenant Logistics Group's (NYSE:CVLG) Problems Go Beyond Weak ProfitAugust 1, 2024 | finance.yahoo.comInsider Selling: Director Herbert Schmidt Sells 21,000 Shares of Covenant Logistics Group Inc (CVLG)July 26, 2024 | globenewswire.comCovenant Logistics Group Announces Move to New York Stock ExchangeSeptember 7, 2024 | Weiss Ratings (Ad)“Fed Proof” Your Bank Account with THESE 4 Simple StepsStarting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.July 24, 2024 | finance.yahoo.comCovenant Logistics sees 4.7% rise in Q2 earnings amid ‘weak’ freight marketJuly 1, 2024 | globenewswire.comCovenant Logistics Group, Inc. Announces Timing of Second Quarter Earnings Release and Conference CallJune 10, 2024 | globenewswire.comFood Logistics Names Covenant Logistics Group as Recipient of 2024 Top 3PL & Cold Storage Providers AwardJune 6, 2024 | globenewswire.comCovenant Logistics Unveils 2023 Corporate Social Responsibility ReportMay 28, 2024 | benzinga.comCovenant Logistics Gr Stock (NASDAQ:CVLG), DividendsMay 23, 2024 | finance.yahoo.comCovenant Logistics Group (NASDAQ:CVLG) Has Affirmed Its Dividend Of $0.11May 17, 2024 | globenewswire.comCovenant Logistics Group Announces Quarterly Cash DividendMay 9, 2024 | finance.yahoo.comShareholders May Be More Conservative With Covenant Logistics Group, Inc.'s (NASDAQ:CVLG) CEO Compensation For NowMay 6, 2024 | finance.yahoo.comCovenant Logistics Group First Quarter 2024 Earnings: EPS Misses ExpectationsSee 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 Ex-Dividend for 6/28 Dividend6/07/2024Dividend Payable6/28/2024Last Earnings7/24/2024Ex-Dividend for 9/27 Dividend9/06/2024Today9/07/2024Dividend Payable9/27/2024Next Earnings (Estimated)10/23/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorTransportation Industry Trucking, except local Sub-IndustryTransportation Current SymbolNASDAQ:CVLG CUSIPN/A CIK928658 Webwww.covenanttransport.com Phone(423) 821-1212Fax423-821-5442Employees4,600Year Founded1986Price Target and Rating Average Stock Price Target$70.00 High Stock Price Target$70.00 Low Stock Price Target$70.00 Potential Upside/Downside+38.7%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$3.12 Trailing P/E Ratio16.18 Forward P/E Ratio12.40 P/E GrowthN/ANet Income$55.23 million Net Margins3.76% Pretax Margin4.87% Return on Equity13.78% Return on Assets5.91% Debt Debt-to-Equity Ratio0.48 Current Ratio1.08 Quick Ratio1.05 Sales & Book Value Annual Sales$1.13 billion Price / Sales0.58 Cash Flow$9.35 per share Price / Cash Flow5.40 Book Value$31.84 per share Price / Book1.59Miscellaneous Outstanding Shares13,072,000Free Float8,301,000Market Cap$659.87 million OptionableOptionable Beta1.34 Social Links Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. Get This Free Report Key ExecutivesMr. David Ray Parker (Age 66)Chairman of the Board & CEO Comp: $1.38MMr. M. Paul Bunn (Age 46)President Comp: $902.74kMr. James S. Grant III (Age 45)Executive VP & CFO Comp: $535.13kMr. Joey B. Hogan (Age 62)Executive VP & Director Comp: $1.36MMr. Samuel F. Hough (Age 58)Executive Vice President of Expedited Operations Comp: $633.19kMs. Lynn Doster (Age 58)Executive Vice President of Dedicated & Warehousing Operations Comp: $640.77kMr. Dustin KoehlChief Operating OfficerMr. Matisse Long (Age 48)Chief Accounting Officer Mr. Eric WhittonSenior Vice President of TechnologyMr. Troy A. Robertson (Age 50)Senior VP & General Counsel More ExecutivesKey CompetitorsHeartland ExpressNASDAQ:HTLDU.S. Xpress EnterprisesNYSE:USXYRC WorldwideNASDAQ:YRCWUSA TruckNASDAQ:USAKMarten TransportNASDAQ:MRTNView All CompetitorsInsiders & InstitutionsAlgert Global LLCBought 5,575 shares on 8/16/2024Ownership: 0.043%AQR Capital Management LLCBought 236 shares on 8/15/2024Ownership: 0.571%Marshall Wace LLPBought 2,573 shares on 8/14/2024Ownership: 0.145%Cubist Systematic Strategies LLCBought 9,950 shares on 8/14/2024Ownership: 0.142%Squarepoint Ops LLCSold 3,083 shares on 8/14/2024Ownership: 0.094%View All Insider TransactionsView All Institutional Transactions CVLG Stock Analysis - Frequently Asked Questions How have CVLG shares performed this year? Covenant Logistics Group's stock was trading at $46.04 at the start of the year. Since then, CVLG stock has increased by 9.6% and is now trading at $50.48. View the best growth stocks for 2024 here. How were Covenant Logistics Group's earnings last quarter? Covenant Logistics Group, Inc. (NASDAQ:CVLG) posted its quarterly earnings results on Wednesday, July, 24th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.09. The business earned $287.50 million during the quarter. Covenant Logistics Group had a trailing twelve-month return on equity of 13.78% and a net margin of 3.76%. Does Covenant Logistics Group have any subsidiaries? The following companies are subsidiaries of Covenant Logistics Group: Landair, 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, CTG Leasing Company a Nevada corporation, Heritage Insurance Inc a Tennessee corporation, and more. Who are Covenant Logistics Group's major shareholders? Covenant Logistics Group's top institutional investors include Dimensional Fund Advisors LP (5.94%), LSV Asset Management (2.43%), Foundry Partners LLC (1.41%) and Acadian Asset Management LLC (1.18%). Insiders that own company stock include David Ray Parker, Joey B Hogan, Robert E Bosworth, Bradley A Moline, Samuel F Hough, Herbert J Schmidt, D Michael Kramer and Matisse Long. 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. This page (NASDAQ:CVLG) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. 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