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Covenant Logistics (CVLG) Company Overview

Profile

Full Name:

Covenant Logistics Group, Inc.

Industry:

Trucking

Country:

United States

IPO:

October 28, 1994

Indexes:

Not included

Description:

Covenant Logistics Group (CVLG) is a transportation and logistics company based in the United States. It offers services like freight transportation, logistics management, and supply chain solutions. CVLG focuses on providing efficient and reliable services to meet the needs of its customers in various industries.

Key Details

Price

$26.90

Annual Revenue

$1.13 B(+2.53% YoY)

Annual EPS

$1.30(-34.84% YoY)

Beta

0.99

Events Calendar

Earnings

Next earnings date:

Apr 24, 2025

Recent quarterly earnings:

Jan 23, 2025

Recent annual earnings:

Jan 23, 2025
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Dec 6, 2024
Splits

Next split:

N/A

Recent split:

Jan 2, 2025

Analyst ratings

Recent major analysts updates

Jan 24, 25 Stephens & Co.
Overweight
Oct 25, 24 TD Cowen
Buy
Jul 26, 24 TD Cowen
Buy
Jan 25, 24 TD Cowen
Outperform
Jan 23, 24 Vertical Research
Buy
Jul 28, 23 Stephens & Co.
Overweight
May 1, 23 Stephens & Co.
Overweight
Jan 10, 23 Wolfe Research
Peer Perform
Oct 24, 22 Stephens & Co.
Equal-Weight
Apr 14, 22 Cowen & Co.
Market Perform

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Covenant Logistics Group, Inc. (CVLG) Q4 2024 Earnings Call Transcript
Covenant Logistics Group, Inc. (CVLG) Q4 2024 Earnings Call Transcript
Covenant Logistics Group, Inc. (CVLG) Q4 2024 Earnings Call Transcript
CVLG
seekingalpha.comJanuary 24, 2025

Covenant Logistics Group, Inc. (NYSE:CVLG ) Q4 2024 Earnings Conference Call January 24, 2025 10:00 AM ET Company Participants Tripp Grant - EVP, CFO David Parker - CEO Paul Bunn - President Dustin Koehl - COO Conference Call Participants Daniel Imbro - Stephens Jason Seidl - TD Cowen Scott Group - Wolfe Research Jeff Kauffman - Vertical Research Partners Michael Vermut - Newland Capital Operator Welcome to today's Covenant Logistics Group Fourth Quarter Earnings Release and Investor Conference Call. Our host for today's call is Tripp Grant.

Covenant Logistics Group Announces Fourth Quarter Financial and Operating Results
Covenant Logistics Group Announces Fourth Quarter Financial and Operating Results
Covenant Logistics Group Announces Fourth Quarter Financial and Operating Results
CVLG
globenewswire.comJanuary 23, 2025

CHATTANOOGA, Tenn., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE: CVLG) (“Covenant” or the “Company”) announced today financial and operating results for the fourth quarter ended December 31, 2024. The Company's conference call to discuss the quarter will be held at 10:00 A.M. Eastern Time on Friday, January 24, 2025. All references made to share or per share amounts in this press release have been retroactively adjusted to reflect the effects of our recent 2-for-1 stock split.

CVLG Gears Up to Report Q4 Earnings: What's in the Offing?
CVLG Gears Up to Report Q4 Earnings: What's in the Offing?
CVLG Gears Up to Report Q4 Earnings: What's in the Offing?
CVLG
zacks.comJanuary 16, 2025

Covenant Logistics' fourth-quarter performance is expected to have been significantly hurt by economic uncertainties, resulting in increased operating expenses.

Covenant Logistics Group Announces Two-For-One Stock Split
Covenant Logistics Group Announces Two-For-One Stock Split
Covenant Logistics Group Announces Two-For-One Stock Split
CVLG
globenewswire.comDecember 6, 2024

CHATTANOOGA, Tenn., Dec. 06, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE: CVLG) (“Covenant” or the “Company”) announced today that its board of directors has declared a two-for-one stock split of Covenant's Class A common stock and Class B common stock to make Covenant's stock more accessible to investors and employees. The stock split will be effected by means of a stock dividend to the holders of record of Covenant's Class A common stock and Class B common stock as of the close of business on December 20, 2024, the record date for the dividend.

Group Covenant Logistics Group Celebrates Dual Recognition for Safety Excellence
Group Covenant Logistics Group Celebrates Dual Recognition for Safety Excellence
Group Covenant Logistics Group Celebrates Dual Recognition for Safety Excellence
CVLG
globenewswire.comDecember 4, 2024

Company honored as Rand McNally Safety Program of the Year, while Marshall Rushworth receives Safety Leader of the Year award for transformative leadership in fleet safety Company honored as Rand McNally Safety Program of the Year, while Marshall Rushworth receives Safety Leader of the Year award for transformative leadership in fleet safety

Covenant Logistics Group Announces Quarterly Cash Dividend
Covenant Logistics Group Announces Quarterly Cash Dividend
Covenant Logistics Group Announces Quarterly Cash Dividend
CVLG
globenewswire.comNovember 25, 2024

CHATTANOOGA, Tenn., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE: CVLG) (“Covenant” or the “Company”) announced today that its board of directors has declared a quarterly cash dividend of $0.11 per share of Class A and Class B common stock. The quarterly cash dividend is payable to stockholders of record on December 6, 2024, and is expected to be paid on December 27, 2024.

Covenant Logistics Group, Inc. (CVLG) Q3 2024 Earnings Call Transcript
Covenant Logistics Group, Inc. (CVLG) Q3 2024 Earnings Call Transcript
Covenant Logistics Group, Inc. (CVLG) Q3 2024 Earnings Call Transcript
CVLG
seekingalpha.comOctober 24, 2024

Covenant Logistics Group, Inc. (NYSE:CVLG ) Q3 2024 Earnings Conference Call October 24, 2024 10:00 AM ET Company Participants Tripp Grant - Chief Financial Officer Paul Bunn - President David Parker - Chief Executive Officer Conference Call Participants Scott Group - Wolfe Research Jason Seidl - TD Cowen Daniel Imbro - Stephens Jeff Kauffman - Vertical Research Partners Michael Vermut - Newland Capital Dan Moore - Scopus Operator Welcome to today's Covenant Logistics Group Third Quarter Earnings Release and Investor Conference Call. Our host for today's call is Tripp Grant.

Covenant Logistics' Abby Hamm Named Recipient of 2024 Women in Supply Chain Award
Covenant Logistics' Abby Hamm Named Recipient of 2024 Women in Supply Chain Award
Covenant Logistics' Abby Hamm Named Recipient of 2024 Women in Supply Chain Award
CVLG
globenewswire.comSeptember 17, 2024

This award honors female supply chain leaders and executives whose accomplishments, mentorship and examples set a foundation for women in all levels of a company's supply chain network This award honors female supply chain leaders and executives whose accomplishments, mentorship and examples set a foundation for women in all levels of a company's supply chain network

Zacks Industry Outlook Knight-Swift, Werner Enterprises and Covenant
Zacks Industry Outlook Knight-Swift, Werner Enterprises and Covenant
Zacks Industry Outlook Knight-Swift, Werner Enterprises and Covenant
CVLG
zacks.comAugust 28, 2024

Knight-Swift, Werner Enterprises and Covenant have been highlighted in this Industry Outlook article.

3 Truck Stocks to Keep an Eye on From a Challenging Industry
3 Truck Stocks to Keep an Eye on From a Challenging Industry
3 Truck Stocks to Keep an Eye on From a Challenging Industry
CVLG
zacks.comAugust 27, 2024

Weak freight demand hurts the Zacks Transportation Truck industry's outlook. KNX, WERN & CVLG are likely to overcome market challenges.

FAQ

  • What is the ticker symbol for Covenant Logistics?
  • Does Covenant Logistics pay dividends?
  • What sector is Covenant Logistics in?
  • What industry is Covenant Logistics in?
  • What country is Covenant Logistics based in?
  • When did Covenant Logistics go public?
  • Is Covenant Logistics in the S&P 500?
  • Is Covenant Logistics in the NASDAQ 100?
  • Is Covenant Logistics in the Dow Jones?
  • When was Covenant Logistics's last earnings report?
  • When does Covenant Logistics report earnings?
  • Should I buy Covenant Logistics stock now?

What is the ticker symbol for Covenant Logistics?

The ticker symbol for Covenant Logistics is NASDAQ:CVLG

Does Covenant Logistics pay dividends?

Yes, Covenant Logistics pays dividends. The last payment was $0.06, with an ex-dividend date on December 6, 2024

What sector is Covenant Logistics in?

Covenant Logistics is in the Industrials sector

What industry is Covenant Logistics in?

Covenant Logistics is in the Trucking industry

What country is Covenant Logistics based in?

Covenant Logistics is headquartered in United States

When did Covenant Logistics go public?

Covenant Logistics's initial public offering (IPO) was on October 28, 1994

Is Covenant Logistics in the S&P 500?

No, Covenant Logistics is not included in the S&P 500 index

Is Covenant Logistics in the NASDAQ 100?

No, Covenant Logistics is not included in the NASDAQ 100 index

Is Covenant Logistics in the Dow Jones?

No, Covenant Logistics is not included in the Dow Jones index

When was Covenant Logistics's last earnings report?

Covenant Logistics's most recent earnings report was on Jan 23, 2025

When does Covenant Logistics report earnings?

The next expected earnings date for Covenant Logistics is Apr 24, 2025

Should I buy Covenant Logistics stock now?

As of today, analysts generally recommend a 'Strong buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions