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Covenant Logistics Group (CVLG)
NYSE:CVLG
RESEARCH TOOLSreports
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CVLG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$43.00 - $61.54
Previous Close$54.38
Volume136.78K
Average Volume (3M)54.30K
Market Cap
$711.70M
Enterprise Value$992.99M
Total Cash (Recent Filing)$35.20M
Total Debt (Recent Filing)$316.49M
Price to Earnings (P/E)17.8
Beta1.00
Next Earnings
Jan 22, 2025EPS Estimate
$0.98Last Dividend Ex-Date
Dec 06, 2024Dividend Yield0.81%
Share Statistics
EPS (TTM)3.04
Shares Outstanding13,179,667
10 Day Avg. Volume4,933,430
30 Day Avg. Volume54,300
Standard Deviation0.14
R-Squared0.29
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)1.66
Price to Sales (P/S)0.83
Price to Cash Flow (P/CF)3.10
P/FCF Ratio6.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.87
Enterprise Value/Gross Profit-1.43
Enterprise Value/Ebitda6.55
Forecast
1Y Price Target
$69.00Price Target Upside26.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Covenant Logistics Group News
PremiumCompany Announcements
Covenant Logistics Announces Stock Split and Bonus Plan
PremiumCompany Announcements
Covenant Logistics Shifts Stock Listing to NYSE
Bulls Say, Bears Say
Bulls Say
EarningsEarnings leverage positions CVLG well with more free cash flow available for leverage reduction or mergers and acquisitions.
Financial PerformanceTop line strength was driven by outperformance in all segments.
Operational EfficiencyCost controls in purchased transportation led to a significant improvement in Managed Freight operating ratio, showcasing strong operational efficiency.
Bears Say
DemandSoft volumes in the final month of the quarter were negatively impacted by lower demand from the LTL line haul business, putting pressure on the Expedited network and hurting utilization.
Operational ChallengesHurricane impacts created a tough start to the quarter and OR likely stepping up materially as the network attempts to rebalance.
RevenueLowered contract rates negotiated are expected to come into effect, guiding to a relatively flat sequential revenue move.
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Ownership Overview
39.82% Insiders
17.62% Mutual Funds
19.91% Other Institutional Investors
9.07% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
CVLG FAQ
What was Covenant Logistics Group’s price range in the past 12 months?
Covenant Logistics Group lowest stock price was $43.00 and its highest was $61.54 in the past 12 months.
What is Covenant Logistics Group’s market cap?
Currently, no data Available
When is Covenant Logistics Group’s upcoming earnings report date?
Covenant Logistics Group’s upcoming earnings report date is Jan 22, 2025 which is in 32 days.
How were Covenant Logistics Group’s earnings last quarter?
Covenant Logistics Group released its earnings results on Oct 23, 2024. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.063 by $0.027.
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 $0.109 which represents an annual dividend yield of 0.81%. See more information on Covenant Logistics Group dividends here
What is Covenant Logistics Group’s EPS estimate?
Covenant Logistics Group’s EPS estimate is $0.98.
How many shares outstanding does Covenant Logistics Group have?
Covenant Logistics Group has 10,829,667 shares outstanding.
What happened to Covenant Logistics Group’s price movement after its last earnings report?
Covenant Logistics Group reported an EPS of $1.09 in its last earnings report, beating expectations of $1.063. Following the earnings report the stock price went down -0.35%.
Which hedge fund is a major shareholder of Covenant Logistics Group?
Among the largest hedge funds holding Covenant Logistics Group’s share is Royce & Associates LLC. It holds Covenant Logistics Group’s shares valued at 4M.
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Covenant Logistics Group Stock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$69.00 (26.88% Upside)
$69.00 (26.88% Upside)
Blogger Sentiment
Bullish
CVLG Sentiment 100%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 5.5K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.1M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.8%
Last 30 Days ▼ 0.3%
Last 30 Days ▼ 0.3%
Technicals
SMA
Positive
20 days / 200 days
Momentum
22.76%
12-Months-Change
Fundamentals
Return on Equity
10.03%
Trailing 12-Months
Asset Growth
13.17%
Trailing 12-Months
Company Description
Covenant Logistics Group
Covenant Transportation Group, Inc. is a holding company, which engages in the provision of freight and logistics services. It operates through the following segments: Truckload and Managed Freight segments. The Truckload segment consists of four service offerings: Expedited; Dedicated; Temperature-Controlled; and OTR. The Managed Freight segment is comprised primarily of freight brokerage, transportation management services (TMS), and shuttle and switching services. The company was founded by David Ray Parker in 1985 and is headquartered in Chattanooga, TN.
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CVLG Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with notable achievements in revenue growth, particularly in the Dedicated and Warehouse segments, and successful debt reduction. However, there were significant challenges in the Expedited and Managed Freight segments, coupled with continued market uncertainty and a decline in TEL investment returns.Read More>---
CVLG Stock 12 Month Forecast
Average Price Target
$69.00
▲(26.88% Upside)
Technical Analysis
Best Analysts Covering CVLG
1 Year
1 Year Success Rate
13/23 ratings generated profit
1 Year Average Return
+16.05%
assigned a buy rating 11 days ago
Copying Jason Seidl's trades and holding each position for 1 Year would result in 56.52% of your transactions generating a profit, with an average return of +16.05% per trade.
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