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The latest announcement is out from Covenant Logistics Group ( (CVLG) ).
On May 14, 2025, Covenant Logistics Group held its Annual Meeting of Stockholders, where four proposals were voted on, including the election of directors, approval of executive compensation, ratification of Grant Thornton LLP as the independent accounting firm, and an amendment to increase authorized shares. The board also declared a quarterly cash dividend of $0.07 per share for Class A and B common stock, payable on June 27, 2025, to stockholders of record on June 6, 2025, as part of a previously approved dividend program.
The most recent analyst rating on (CVLG) stock is a Buy with a $34.00 price target. To see the full list of analyst forecasts on Covenant Logistics Group stock, see the CVLG Stock Forecast page.
Spark’s Take on CVLG Stock
According to Spark, TipRanks’ AI Analyst, CVLG is a Neutral.
Covenant Logistics Group’s stock score balances its stable financial position against mixed technical indicators and modest valuation. The company’s strategic initiatives, including a stock buyback and leadership salary reductions, provide confidence but are countered by challenges in profitability and operational conditions. Overall, while there is potential for improvement, investors should remain cautious given the current market and financial conditions.
To see Spark’s full report on CVLG stock, click here.
More about Covenant Logistics Group
Covenant Logistics Group, Inc., through its subsidiaries, offers a portfolio of transportation and logistics services to customers throughout the United States. Primary services include asset-based expedited and dedicated truckload capacity, as well as asset-light warehousing, transportation management, and freight brokerage capability. In addition, Transport Enterprise Leasing is an affiliated company providing revenue equipment sales and leasing services to the trucking industry. Covenant’s Class A common stock is traded on the New York Stock Exchange under the symbol, “CVLG.”
Average Trading Volume: 124,969
Technical Sentiment Signal: Hold
Current Market Cap: $612.1M
See more insights into CVLG stock on TipRanks’ Stock Analysis page.