Covenant Logistics Group (CVLG)
NYSE:CVLG
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CVLG Stock Chart & Stats
$21.61
-$0.07(-0.28%)
At close: 4:00 PM EST
$21.61
-$0.07(-0.28%)
Day’s Range― - ―
52-Week Range$18.00 - $47.08
Previous CloseN/A
Volume24.12K
Average Volume (3M)101.65K
Market Cap
$1.17B
Enterprise Value$1.04B
Total Cash (Recent Filing)$245.26M
Total Debt (Recent Filing)$291.75M
Price to Earnings (P/E)223.7
Beta1.15
Next Earnings
Jul 29, 2026EPS Estimate
0.41Next Dividend Ex-DateN/A
Dividend Yield1.23%
Share Statistics
EPS (TTM)0.18
Shares Outstanding20,470,990
10 Day Avg. Volume78,408
30 Day Avg. Volume101,648
Financial Highlights & Ratios
PEG Ratio-0.96
Price to Book (P/B)1.36
Price to Sales (P/S)0.47
P/FCF Ratio-16.25
Enterprise Value/Market Cap0.90
Enterprise Value/Revenue0.87
Enterprise Value/Gross Profit6.79
Enterprise Value/Ebitda9.40
Forecast
1Y Price Target
$35.00Price Target Upside61.96% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.72
Revenue Forecast (FY)$1.30B
Bulls Say, Bears Say
Bulls Say
Strong Operating Cash Generation And FCF RecoveryConsistent positive operating cash flow (~$85M–$159M historically; ~$118M TTM) and a swing to +$139.8M free cash flow demonstrate durable cash-generation capacity. This supports capex, deleveraging, dividends and strategic investment even if margins remain pressured.
Improving Leverage And Balance-sheet ResilienceNet debt reduction (~$51M lower), falling debt-to-equity (~0.72 TTM) and adjusted leverage around 1.8x provide structural flexibility. Stronger balance-sheet metrics lower refinancing risk, support disciplined capital allocation and give room to absorb cyclical shocks in trucking.
Diversified Revenue Mix With Growth In Higher‑value ServicesGrowth across Dedicated, Managed Freight and Warehouse (warehouse revenue +14.6%, Managed Freight expanding) diversifies revenue beyond spot truckload exposure. Asset-light managed services and dedicated contracts provide recurring streams and mix benefits that should sustain revenue quality over the medium term.
Bears Say
Compressed Profitability And Weak ReturnsMargins and returns have deteriorated meaningfully (net margin near break-even, ROE down to ~1.2% TTM), reducing the company’s ability to compound equity value. Persistent low profitability undermines reinvestment, dividend sustainability and resilience to rising costs absent a durable margin recovery.
Expedited Segment Underperformance And Margin VolatilityThe expedited business requires high utilization to cover fixed costs; a ~99.1% adjusted operating ratio signals little room for profit and exposes earnings to weather, fuel and linehaul disruptions. Structural volatility here threatens consolidated margin improvement targets.
Equipment, Labor And Fuel Cost PressuresAging fleet, higher new-truck unit costs and rising driver pay consume rate gains and raise capital needs. These structural cost pressures can increase capex and operating expenses, pressuring margins and potentially requiring higher leverage or tighter capital allocation to maintain service levels.
Covenant Logistics Group News
CVLG FAQ
What was Covenant Logistics Group’s price range in the past 12 months?
Covenant Logistics Group lowest stock price was $18.00 and its highest was $47.08 in the past 12 months.
What is Covenant Logistics Group’s market cap?
Covenant Logistics Group’s market cap is $1.17B.
When is Covenant Logistics Group’s upcoming earnings report date?
Covenant Logistics Group’s upcoming earnings report date is Jul 29, 2026 which is in 46 days.
How were Covenant Logistics Group’s earnings last quarter?
Covenant Logistics Group released its earnings results on Apr 23, 2026. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.241 by $0.019.
Is Covenant Logistics Group overvalued?
According to Wall Street analysts Covenant Logistics Group’s price is currently Undervalued.
Does Covenant Logistics Group pay dividends?
Covenant Logistics Group pays a Quarterly dividend of $0.07 which represents an annual dividend yield of 1.23%. See more information on Covenant Logistics Group dividends here
What is Covenant Logistics Group’s EPS estimate?
Covenant Logistics Group’s EPS estimate is 0.41.
How many shares outstanding does Covenant Logistics Group have?
Covenant Logistics Group has 20,470,990 shares outstanding.
What happened to Covenant Logistics Group’s price movement after its last earnings report?
Covenant Logistics Group reported an EPS of $0.26 in its last earnings report, beating expectations of $0.241. Following the earnings report the stock price went up 9.233%.
Which hedge fund is a major shareholder of Covenant Logistics Group?
Currently, no hedge funds are holding shares in CVLG
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Covenant Logistics Group Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$35.00 (61.96% Upside)
$35.00 (61.96% Upside)
Hedge Fund Trend
Increased
By 293.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.1M over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Negative
20 days / 200 days
Momentum
-19.81%
12-Months-Change
Fundamentals
Return on Equity
1.23%
Trailing 12-Months
Asset Growth
3.76%
Trailing 12-Months
Company Description
Covenant Logistics Group
Covenant Logistics Group, Inc. and its affiliated entities deliver extensive transportation and logistics solutions throughout the United States. The company's operations are divided into four main segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited division focuses on time-critical truckload services, maintaining strict delivery benchmarks, including the capability to cover 1,000 miles within 22 hours or meet precise 15-minute delivery windows. Its Dedicated segment offers clients committed truckload capacity for specific periods under contract, deploying either company-owned or leased equipment. Within the Managed Freight segment, the company provides brokerage services by enlisting third-party carriers to transport customer freight, and transport management services, where it manages logistics on a contractual basis for clients opting to outsource these functions. The Warehousing segment handles daily warehouse management for its customers, alongside offering shuttle and switching services for containers and trailers. Furthermore, Covenant Logistics engages in the sale and leasing of used equipment. Its diverse customer base includes various transportation businesses like parcel freight forwarders, less-than-truckload (LTL) carriers, and third-party logistics (3PL) providers, in addition to conventional truckload clients such as manufacturers, retailers, and food and beverage distributors. As of December 31, 2021, the company operated a fleet of 2,291 tractors and 5,331 trailers. Founded in 1986 and based in Chattanooga, Tennessee, the company changed its name from Covenant Transportation Group, Inc. to Covenant Logistics Group, Inc. in July 2020.
CVLG Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Neutral
The call conveyed cautious optimism: there are clear top-line and balance-sheet positives (revenue up 15.9%, net debt reduced by ~$51M, stronger pipeline and early Q2 demand improvement) and operational wins in Dedicated, Managed Freight and Warehouse revenue growth. However, near-term profitability is pressured (consolidated adjusted operating income down 11.5%, Expedited adjusted operating ratio 99.1%, ROIC down to 5%), with material headwinds from weather, fuel, driver pay inflation, elevated brokerage costs and equipment cost/timing that could offset some rate improvements. Management expects sequential quarterly improvement through 2026 but acknowledges several risks that temper near-term margin recovery.View all CVLG earnings summariesCVLG Stock 12 Month Forecast
Average Price Target
$35.00
▲(61.96% Upside)
Technical Analysis
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Ownership Overview
29.73% Insiders
19.64% Mutual Funds
24.33% Other Institutional Investors
9.33% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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