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NASDAQ:CVLG

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

Covenant Logistics Group logo
$53.82 +26.63 (+97.94%)
(As of 05:15 PM ET)

About Covenant Logistics Group Stock (NASDAQ:CVLG)

Key Stats

Today's Range
$53.11
$54.45
50-Day Range
$50.60
$60.66
52-Week Range
$21.50
$54.45
Volume
47,306 shs
Average Volume
120,357 shs
Market Capitalization
$709.35 million
P/E Ratio
17.70
Dividend Yield
0.82%
Price Target
$69.50
Consensus Rating
Buy

Company Overview

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.

Covenant Logistics Group Stock Analysis - MarketRank™

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97th Percentile Overall Score

CVLG MarketRank™: 

Covenant Logistics Group scored higher than 97% of companies evaluated by MarketBeat, and ranked 5th out of 129 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Covenant 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 Coverage

    Covenant 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.
  • Earnings Growth

    Earnings for Covenant Logistics Group are expected to grow by 24.75% in the coming year, from $4.00 to $4.99 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Covenant Logistics Group is 17.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.36.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Covenant Logistics Group is 17.70, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.78.

  • Price to Book Value per Share Ratio

    Covenant Logistics Group has a P/B Ratio of 1.74. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    0.55% of the float of Covenant Logistics Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Covenant Logistics Group has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Covenant Logistics Group has recently decreased by 42.37%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Covenant Logistics Group has a dividend yield of 0.81%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Covenant Logistics Group does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Covenant Logistics Group is 14.47%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Covenant Logistics Group will have a dividend payout ratio of 8.82% 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.
  • Percentage of Shares Shorted

    0.55% of the float of Covenant Logistics Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Covenant Logistics Group has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Covenant Logistics Group has recently decreased by 42.37%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Covenant Logistics Group has a news sentiment score of 0.80. 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 is a higher news sentiment than the 0.61 average news sentiment score of Transportation companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Covenant Logistics Group this week, compared to 2 articles on an average week.
  • Search Interest

    1 people have searched for CVLG on MarketBeat in the last 30 days.
  • MarketBeat Follows

    2 people have added Covenant Logistics Group to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In 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 $417,480.00 in company stock.

  • Percentage Held by Insiders

    36.50% 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 Institutions

    83.72% 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.
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CVLG Stock News Headlines

Covenant Logistics Announces Stock Split and Bonus Plan
We recommended Palantir in 2021, now we’re recommending this...
My research indicates there is only one investment that can meet AI's unprecedented demand for energy.
Covenant Logistics OKs 2-For-1 Stock Split
See More Headlines

CVLG Stock Analysis - Frequently Asked Questions

Covenant Logistics Group's stock was trading at $46.04 at the beginning of the year. Since then, CVLG stock has increased by 16.9% and is now trading at $53.82.
View the best growth stocks for 2024 here
.

Covenant Logistics Group, Inc. (NASDAQ:CVLG) announced its quarterly earnings data on Wednesday, October, 23rd. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.01. The business had revenue of $287.89 million for the quarter. Covenant Logistics Group had a net margin of 3.72% and a trailing twelve-month return on equity of 13.43%.

Covenant Logistics Group shares split before market open on Thursday, January 2nd 2025. The 2-1 split was announced on Friday, December 6th 2024. The newly created shares will be payable to shareholders after the market closes on Tuesday, December 31st 2024. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

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 others.

Covenant Logistics Group's top institutional shareholders include State Street Corp (1.58%), Foundry Partners LLC (1.49%), Geode Capital Management LLC (1.39%) and Charles Schwab Investment Management Inc. (0.83%). 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
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Covenant Logistics Group investors own include NVIDIA (NVDA), Tesla (TSLA), Home Depot (HD), Advanced Micro Devices (AMD), Meta Platforms (META), Cisco Systems (CSCO) and Netflix (NFLX).

Company Calendar

Ex-Dividend for 9/27 Dividend
9/06/2024
Dividend Payable
9/27/2024
Last Earnings
10/23/2024
Ex-Dividend for 12/27 Dividend
12/06/2024
Today
12/23/2024
Dividend Payable
12/27/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$69.50
High Stock Price Target
$70.00
Low Stock Price Target
$69.00
Potential Upside/Downside
+29.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$55.23 million
Pretax Margin
4.80%

Debt

Sales & Book Value

Annual Sales
$1.13 billion
Cash Flow
$8.84 per share
Book Value
$30.86 per share

Miscellaneous

Free Float
8,369,000
Market Cap
$709.35 million
Optionable
Optionable
Beta
1.39

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This page (NASDAQ:CVLG) was last updated on 12/23/2024 by MarketBeat.com Staff
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