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CVLG

CVLG - Covenant Logistics Group, Inc. Stock Price, Fair Value and News

46.13USD+0.23 (+0.50%)Delayed as of 28 Mar 2024, 10:48 am ET

Market Summary

CVLG
USD46.13+0.23
Delayedas of 28 Mar 2024, 10:48 am
0.50%

CVLG Alerts

  • 2 major insider sales recently.

CVLG Stock Price

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CVLG RSI Chart

CVLG Valuation

Market Cap

598.9M

Price/Earnings (Trailing)

10.84

Price/Sales (Trailing)

0.54

EV/EBITDA

5.28

Price/Free Cashflow

-4.51

CVLG Price/Sales (Trailing)

CVLG Profitability

EBT Margin

6.55%

Return on Equity

13.69%

Return on Assets

5.79%

Free Cashflow Yield

-22.17%

CVLG Fundamentals

CVLG Revenue

Revenue (TTM)

1.1B

Rev. Growth (Yr)

-7.46%

Rev. Growth (Qtr)

-5.1%

CVLG Earnings

Earnings (TTM)

55.2M

Earnings Growth (Yr)

11.23%

Earnings Growth (Qtr)

-5.26%

Breaking Down CVLG Revenue

52 Week Range

32.6957.57
(Low)(High)

Last 7 days

2.4%

Last 30 days

-15.8%

Last 90 days

-0.6%

Trailing 12 Months

23.9%

How does CVLG drawdown profile look like?

CVLG Financial Health

Current Ratio

1.09

Debt/Equity

0.49

Debt/Cashflow

0.43

CVLG Investor Care

Dividend Yield

0.96%

Dividend/Share (TTM)

0.44

Buy Backs (1Y)

13.05%

Diluted EPS (TTM)

4

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20231.2B1.1B1.1B1.1B
20221.1B1.2B1.2B1.2B
2021848.6M913.3M977.0M1.0B
2020878.9M853.5M843.9M838.6M
2019929.2M949.9M927.1M885.4M
2018719.8M751.8M816.5M885.5M
2017673.1M678.5M692.7M705.0M
2016713.4M696.7M687.7M670.7M
2015725.2M727.0M723.0M724.2M
2014680.8M681.9M688.7M719.0M
2013682.0M683.1M685.6M684.5M
2012653.3M651.7M658.7M674.3M
2011654.1M658.0M654.6M652.6M
20100609.0M629.4M649.7M
2009000588.7M

Tracking the Latest Insider Buys and Sells of Covenant Logistics Group, Inc.

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Feb 28, 2024
bunn paul
sold (taxes)
-92,843
49.28
-1,884
president, coo, and secretary
Feb 27, 2024
parker david ray
sold
-1,123,710
51.0775
-22,000
chairman and ceo
Feb 26, 2024
parker david ray
sold
-2,830,890
51.4708
-55,000
chairman and ceo
Feb 26, 2024
yates george s.
sold
-55,032
51.4801
-1,069
svp - brokerage
Feb 23, 2024
hogan joey b
gifted
-
-
-1,000
-
Feb 23, 2024
parker david ray
sold
-2,063,350
51.5838
-40,000
chairman and ceo
Feb 22, 2024
hough samuel f
sold
-186,740
52.0311
-3,589
evp - expedited
Feb 22, 2024
parker david ray
sold
-1,193,300
51.8827
-23,000
chairman and ceo
Feb 22, 2024
hogan joey b
gifted
-
-
-1,000
-
Feb 21, 2024
hough samuel f
sold
-206,214
51.5534
-4,000
evp - expedited

1–10 of 50

Which funds bought or sold CVLG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Mar 11, 2024
VANGUARD GROUP INC
added
2.65
1,481,250
20,532,200
-%
Mar 01, 2024
GOLDMAN SACHS GROUP INC
added
109
1,837,940
3,373,260
-%
Feb 28, 2024
AMERICAN INTERNATIONAL GROUP, INC.
reduced
-0.41
8,324
190,652
-%
Feb 16, 2024
PRICE T ROWE ASSOCIATES INC /MD/
added
2.53
20,000
279,000
-%
Feb 16, 2024
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
reduced
-15.39
-82,628
658,372
-%
Feb 15, 2024
State of Wyoming
added
14.75
27,584
162,291
0.03%
Feb 15, 2024
BARCLAYS PLC
added
13.06
225,000
1,435,000
-%
Feb 15, 2024
Legal & General Group Plc
unchanged
-
16,043
337,288
-%
Feb 15, 2024
JANE STREET GROUP, LLC
reduced
-82.36
-1,169,420
265,835
-%
Feb 15, 2024
Farther Finance Advisors, LLC
new
-
230
230
-%

1–10 of 48

Are Funds Buying or Selling CVLG?

Are funds buying CVLG calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own CVLG
No. of Funds

Unveiling Covenant Logistics Group, Inc.'s Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Mar 01, 2024
parker david r & jacqueline f
30.8%
4,154,463
SC 13D/A
Feb 09, 2024
dimensional fund advisors lp
7.4%
785,872
SC 13G/A
Feb 09, 2024
lsv asset management
5.34%
566,390
SC 13G
Jan 24, 2024
blackrock inc.
10.6%
1,127,876
SC 13G/A
Feb 10, 2023
dimensional fund advisors lp
8.6%
953,427
SC 13G/A
Jan 26, 2023
blackrock inc.
11.6%
1,291,278
SC 13G/A
Jan 20, 2023
blackrock inc.
11.6%
1,291,278
SC 13G/A
Nov 14, 2022
parker david r & jacqueline f
29.4%
3,973,732
SC 13D/A
Jun 09, 2022
blackrock inc.
10.5%
1,386,289
SC 13G
Feb 08, 2022
dimensional fund advisors lp
7.9%
1,128,909
SC 13G/A

Recent SEC filings of Covenant Logistics Group, Inc.

View All Filings
Date Filed Form Type Document
Mar 22, 2024
4/A
Insider Trading
Mar 01, 2024
4
Insider Trading
Mar 01, 2024
4
Insider Trading
Mar 01, 2024
4
Insider Trading
Mar 01, 2024
4
Insider Trading
Mar 01, 2024
4
Insider Trading
Mar 01, 2024
SC 13D/A
13D - Major Acquisition
Feb 29, 2024
4
Insider Trading
Feb 28, 2024
10-K
Annual Report
Feb 28, 2024
4
Insider Trading

What is the Fair Value of CVLG?

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Cheap
or
Expensive?


Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index
Very Expensive Stocks
Very Cheap Stocks

Peers (Alternatives to Covenant Logistics Group, Inc.)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
71.0B
87.5B
19.67% 25.90%
16.17
0.81
-5.51% 46.89%
50.2B
16.5B
9.76% 46.69%
27.16
3.05
8.21% 18.11%
44.2B
7.3B
11.19% 45.63%
38.29
6.02
5.24% 6.27%
20.2B
12.8B
-7.99% 10.53%
27.69
1.57
-13.39% -24.87%
17.4B
9.3B
-1.99% 11.61%
23.17
1.88
-45.52% -44.53%
MID-CAP
8.7B
17.6B
3.07% -22.35%
26.72
0.49
-28.75% -65.43%
8.7B
7.1B
-7.46% -3.63%
39.86
1.21
-3.86% -71.85%
7.7B
4.5B
4.31% 36.51%
20.43
1.71
7.15% 22.87%
6.0B
9.1B
11.87% 43.26%
13.86
0.66
8.19% -5.10%
3.2B
4.4B
-3.53% 54.88%
16.51
0.73
-11.96% -34.46%
SMALL-CAP
1.1B
3.1B
9.62% 43.64%
22.88
0.35
-29.52% -83.61%
887.5M
233.3M
12.17% -20.86%
-8.91
3.8
-1.70% -153.19%
598.9M
1.1B
-15.79% 23.87%
10.84
0.54
-9.31% -49.18%
391.3M
1.6B
0.73% 21.02%
-22.11
0.25
-11.50% -135.26%
59.3M
220.4M
29.04% -16.86%
-5.45
0.27
16.77% -270.60%

Covenant Logistics Group, Inc. News

Latest updates
Yahoo Lifestyle Australia • 12 hours ago
Yahoo Movies UK • 25 Mar 2024 • 07:52 pm
InvestorsObserver • 14 Feb 2024 • 08:00 am

Covenant Logistics Group, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue-5.1%274289274267296312317292294275256221225211192211231220217217272
Cost Of Revenue--------------3.003.005.00-6.003.008.00-
Costs and Expenses-5.1%260274262249285253291268276254238210216204221212229224210214-
Operating Expenses--------------15.0018.0019.00-17.0014.0013.00250
EBITDA Margin6.7%0.14*0.13*0.16*0.17*0.17*0.17*0.14*0.14*0.13*0.13*0.12*0.08*0.07*0.06*0.05*0.10*-----
Interest Expenses-7.6%2.003.002.001.001.001.001.001.001.001.001.001.001.002.002.002.002.002.002.002.001.00
Income Taxes-12.8%4.004.003.006.003.0016.009.008.005.006.006.004.004.001.00-7.34-1.00-1.410.002.002.005.00
Earnings Before Taxes-7.2%17.0018.0015.0023.0014.0066.0033.0030.0023.0023.0021.0013.0012.006.00-30.50-4.09-1.49-3.937.006.0020.00
EBT Margin5.7%0.07*0.06*0.10*0.11*0.12*0.12*0.09*0.09*0.08*0.07*0.06*0.00*-0.02*-0.04*-0.05*0.00*-----
Net Income-5.3%13.0014.0012.0017.0012.0050.0025.0022.0018.0016.0015.0011.00-25.668.00-22.34-2.211.00-3.196.004.0017.00
Net Income Margin4.4%0.05*0.05*0.08*0.09*0.09*0.09*0.07*0.06*0.06*0.02*0.01*-0.03*-0.05*-0.02*-0.03*0.00*-----
Free Cashflow-495.5%-73.69-12.37-37.73-8.97-0.9010.0019.0031.00-8.5026.0014.006.008.00-15.7716.00-38.76-----
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets7.0%954892871765797757701660652704664648677724861913882902852836774
  Current Assets-8.2%186203199205223213173169189239201144148201346283254246226226212
    Cash Equivalents-68.9%2.007.008.0055.0069.0059.004.007.008.0022.005.005.008.0014.0067.0040.0044.0040.0029.0031.0023.00
  Net PPE15.9%515444430389408373358345346350351371391387393500517541511500451
  Goodwill3.5%76.0073.0011.0012.0058.0058.0016.0030.0043.0043.0043.0043.0043.0043.0043.0043.0043.0043.0043.0041.0042.00
Liabilities10.6%551498491394420377345301302374350351386409554584532553500488430
  Current Liabilities-0.6%170171154139156161150130143208179124133147166168161153133133127
  Long Term Debt28.2%19715416396.0090.0070.0048.0043.0020.0022.0039.0072.0048.0089.00217228200230209198167
    LT Debt, Current54.1%48.0031.0026.0021.0019.0016.0010.005.006.008.007.006.008.0015.0053.0061.0054.0048.0038.0032.0029.00
    LT Debt, Non Current28.2%19715416396.0090.0070.0048.0043.0020.0022.0039.0072.0048.0089.00217228200230209198167
Shareholder's Equity2.4%403394380371377380356359350330314297291315307328350348352348343
  Retained Earnings3.1%379368355345329319270246225207193177166192184207209208211205201
  Additional Paid-In Capital-0.2%156156154153153153151150149148146145143143143142142142141143142
Accumulated Depreciation5.1%178169181203212203194185172161156156150140131188208208212200188
Shares Outstanding0.8%13.0013.0013.0013.0015.0015.0016.0017.0017.0017.0017.0017.0017.0017.0017.0018.0018.0018.0018.0018.0018.00
Float---369---256---248---137---157--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-21.5%31,86840,6055,1207,24838,16144,16637,48739,4164,98034,11524,5079,61638,08385527,618-3,51624,22816,20614,4279,17023,187
  Share Based Compensation0%1,8841,884--1,4451,394--8,413------------
Cashflow From Investing-192.1%-91,326-31,266-120,4077,078-36,38613,143-17,967-44,998-11,6212,1859,8499,9317,049126,91420,581-16,4986,519-34,212-31,841-33,495-18,115
Cashflow From Financing656.6%54,364-9,76868,520-28,4077,633-2,515-22,2014,314-7,135-19,078-34,180-23,164-50,459-181,162-20,72716,078-26,95128,97815,23632,199-1,556
  Dividend Payments0.1%1,4371,4361,4421,4661,0951,1709751,047-------------
  Buy Backs-Infinity%-58.00-4,68320,80513,83727,52128,56514,800-1,9812428,118---29.0017,515-----

CVLG Income Statement

2023-12-31
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues   
Freight revenue$ 1,103,573$ 1,216,858$ 1,046,003
Operating expenses:   
Salaries, wages, and related expenses400,491402,276350,246
Fuel expense133,291166,410103,641
Operations and maintenance63,75379,05159,269
Revenue equipment rentals and purchased transportation271,893325,624331,685
Operating taxes and licenses13,40911,93110,899
Insurance and claims50,09950,54738,788
Communications and utilities5,0125,3854,558
General supplies and expenses49,44437,76229,673
Depreciation and amortization69,94357,51253,881
Gain on disposition of property and equipment, net(12,585)(40,322)(3,799)
Total operating expenses1,044,7501,096,176978,841
Operating income58,823120,68267,162
Interest expense, net7,9673,0832,791
Income from equity method investment(21,384)(25,193)(14,782)
Income from continuing operations72,240142,79279,153
Income tax expense17,61134,86020,962
Income from continuing operations54,629107,93258,191
Income from discontinued operations, net of tax6007502,540
Net income$ 55,229$ 108,682$ 60,731
Basic income per share:   
Income from continuing operations (in dollars per share)$ 4.19$ 7.19$ 3.46
Income from discontinued operations (in dollars per share)0.050.050.15
Net income per basic share(1) (in dollars per share)[1]4.237.243.61
Diluted income per share:   
Income from continuing operations (in dollars per share)3.956.953.42
Income from discontinued operations (in dollars per share)0.040.050.15
Net income per diluted share (in dollars per share)$ 3.99$ 7$ 3.57
Basic weighted average shares outstanding (in shares)13,04815,00616,803
Diluted weighted average shares outstanding (in shares)13,83415,52417,020
Cargo and Freight [Member]   
Revenues   
Freight revenue$ 970,509$ 1,046,396$ 949,913
Fuel Surcharge [Member]   
Revenues   
Freight revenue$ 133,064$ 170,462$ 96,090
[1]Total may not sum due to rounding.

CVLG Balance Sheet

2023-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 2,294$ 68,665
Accounts receivable, net of allowance of $2,449 in 2023 and $2,934 in 2022142,504119,770
Drivers' advances and other receivables, net of allowance of $591 in 2023 and $585 in 20224,3673,798
Inventory and supplies4,8483,516
Prepaid expenses17,88015,746
Assets held for sale6,7825,956
Income taxes receivable6,7394,838
Other short-term assets531367
Total current assets185,945222,656
Property and equipment, at cost692,532619,686
Less: accumulated depreciation and amortization(177,877)(211,951)
Net property and equipment514,655407,735
Goodwill75,74758,217
Other intangibles, net99,61548,169
Other assets78,06758,843
Noncurrent assets from discontinued operations4091,025
Total assets954,438796,645
Current liabilities:  
Accounts payable33,15533,896
Accrued expenses59,06758,763
Current maturities of long-term debt47,65118,897
Current portion of finance lease obligations7815,326
Current portion of operating lease obligations11,95018,179
Current portion of insurance and claims accrual17,68721,060
Total current liabilities170,291156,121
Long-term debt196,89490,367
Long-term portion of finance lease obligations5,296432
Long-term portion of operating lease obligations30,89246,428
Insurance and claims accrual15,74615,859
Deferred income taxes116,09598,716
Other long-term liabilities14,1697,494
Other long-term liabilities of discontinued operations1,6354,100
Total liabilities551,018419,517
Commitments and contingencies
Stockholders' equity:  
Additional paid-in-capital155,846152,886
Treasury stock at cost; 5,404,269 and 4,918,216 shares as of December 31, 2023 and December 31, 2022, respectively(132,346)(106,500)
Accumulated other comprehensive income8161,086
Retained earnings378,919329,471
Total stockholders' equity403,420377,128
Total liabilities and stockholders' equity954,438796,645
Common Class A [Member]  
Stockholders' equity:  
Common stock161161
Common Class B [Member]  
Stockholders' equity:  
Common stock$ 24$ 24
CVLG
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. The Dedicated segment provides customers with committed truckload capacity over contracted periods 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. The Warehousing segment provides day-to-day warehouse management services to customers. This segment also provides shuttle and switching services 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.
 CEO
 WEBSITEwww.covenantlogistics.com
 EMPLOYEES3007

Covenant Logistics Group, Inc. Frequently Asked Questions


What is the ticker symbol for Covenant Logistics Group, Inc.? What does CVLG stand for in stocks?

CVLG is the stock ticker symbol of Covenant Logistics Group, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Covenant Logistics Group, Inc. (CVLG)?

As of Wed Mar 27 2024, market cap of Covenant Logistics Group, Inc. is 598.9 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CVLG stock?

You can check CVLG's fair value in chart for subscribers.

What is the fair value of CVLG stock?

You can check CVLG's fair value in chart for subscribers. The fair value of Covenant Logistics Group, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Covenant Logistics Group, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CVLG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Covenant Logistics Group, Inc. a good stock to buy?

The fair value guage provides a quick view whether CVLG is over valued or under valued. Whether Covenant Logistics Group, Inc. is cheap or expensive depends on the assumptions which impact Covenant Logistics Group, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CVLG.

What is Covenant Logistics Group, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Mar 27 2024, CVLG's PE ratio (Price to Earnings) is 10.84 and Price to Sales (PS) ratio is 0.54. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CVLG PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Covenant Logistics Group, Inc.'s stock?

In the past 10 years, Covenant Logistics Group, Inc. has provided 0.148 (multiply by 100 for percentage) rate of return.