CVLG RSI Chart
Last 7 days
2.4%
Last 30 days
-15.8%
Last 90 days
-0.6%
Trailing 12 Months
23.9%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2023 | 1.2B | 1.1B | 1.1B | 1.1B |
2022 | 1.1B | 1.2B | 1.2B | 1.2B |
2021 | 848.6M | 913.3M | 977.0M | 1.0B |
2020 | 878.9M | 853.5M | 843.9M | 838.6M |
2019 | 929.2M | 949.9M | 927.1M | 885.4M |
2018 | 719.8M | 751.8M | 816.5M | 885.5M |
2017 | 673.1M | 678.5M | 692.7M | 705.0M |
2016 | 713.4M | 696.7M | 687.7M | 670.7M |
2015 | 725.2M | 727.0M | 723.0M | 724.2M |
2014 | 680.8M | 681.9M | 688.7M | 719.0M |
2013 | 682.0M | 683.1M | 685.6M | 684.5M |
2012 | 653.3M | 651.7M | 658.7M | 674.3M |
2011 | 654.1M | 658.0M | 654.6M | 652.6M |
2010 | 0 | 609.0M | 629.4M | 649.7M |
2009 | 0 | 0 | 0 | 588.7M |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
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 |
Which funds bought or sold CVLG recently?
View All DetailsDatesorted ascending | Fund Name | Type | % 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 | -% |
Unveiling Covenant Logistics Group, Inc.'s Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
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>
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.
Peers (Alternatives to Covenant Logistics Group, Inc.)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
FDX | 71.0B | 87.5B | 16.17 | 0.81 | ||||
GWW | 50.2B | 16.5B | 27.16 | 3.05 | ||||
FAST | 44.2B | 7.3B | 38.29 | 6.02 | ||||
JBHT | 20.2B | 12.8B | 27.69 | 1.57 | ||||
EXPD | 17.4B | 9.3B | 23.17 | 1.88 | ||||
MID-CAP | ||||||||
CHRW | 8.7B | 17.6B | 26.72 | 0.49 | ||||
KNX | 8.7B | 7.1B | 39.86 | 1.21 | ||||
AIT | 7.7B | 4.5B | 20.43 | 1.71 | ||||
BECN | 6.0B | 9.1B | 13.86 | 0.66 | ||||
ARCB | 3.2B | 4.4B | 16.51 | 0.73 | ||||
SMALL-CAP | ||||||||
BXC | 1.1B | 3.1B | 22.88 | 0.35 | ||||
CYRX | 887.5M | 233.3M | -8.91 | 3.8 | ||||
CVLG | 598.9M | 1.1B | 10.84 | 0.54 | ||||
DSKE | 391.3M | 1.6B | -22.11 | 0.25 | ||||
AIRT | 59.3M | 220.4M | -5.45 | 0.27 |
Covenant Logistics Group, Inc. News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Revenue | -5.1% | 274 | 289 | 274 | 267 | 296 | 312 | 317 | 292 | 294 | 275 | 256 | 221 | 225 | 211 | 192 | 211 | 231 | 220 | 217 | 217 | 272 |
Cost Of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.00 | 3.00 | 5.00 | - | 6.00 | 3.00 | 8.00 | - |
Costs and Expenses | -5.1% | 260 | 274 | 262 | 249 | 285 | 253 | 291 | 268 | 276 | 254 | 238 | 210 | 216 | 204 | 221 | 212 | 229 | 224 | 210 | 214 | - |
Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15.00 | 18.00 | 19.00 | - | 17.00 | 14.00 | 13.00 | 250 |
EBITDA Margin | 6.7% | 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% | 2.00 | 3.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 |
Income Taxes | -12.8% | 4.00 | 4.00 | 3.00 | 6.00 | 3.00 | 16.00 | 9.00 | 8.00 | 5.00 | 6.00 | 6.00 | 4.00 | 4.00 | 1.00 | -7.34 | -1.00 | -1.41 | 0.00 | 2.00 | 2.00 | 5.00 |
Earnings Before Taxes | -7.2% | 17.00 | 18.00 | 15.00 | 23.00 | 14.00 | 66.00 | 33.00 | 30.00 | 23.00 | 23.00 | 21.00 | 13.00 | 12.00 | 6.00 | -30.50 | -4.09 | -1.49 | -3.93 | 7.00 | 6.00 | 20.00 |
EBT Margin | 5.7% | 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% | 13.00 | 14.00 | 12.00 | 17.00 | 12.00 | 50.00 | 25.00 | 22.00 | 18.00 | 16.00 | 15.00 | 11.00 | -25.66 | 8.00 | -22.34 | -2.21 | 1.00 | -3.19 | 6.00 | 4.00 | 17.00 |
Net Income Margin | 4.4% | 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 | -0.90 | 10.00 | 19.00 | 31.00 | -8.50 | 26.00 | 14.00 | 6.00 | 8.00 | -15.77 | 16.00 | -38.76 | - | - | - | - | - |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Assets | 7.0% | 954 | 892 | 871 | 765 | 797 | 757 | 701 | 660 | 652 | 704 | 664 | 648 | 677 | 724 | 861 | 913 | 882 | 902 | 852 | 836 | 774 |
Current Assets | -8.2% | 186 | 203 | 199 | 205 | 223 | 213 | 173 | 169 | 189 | 239 | 201 | 144 | 148 | 201 | 346 | 283 | 254 | 246 | 226 | 226 | 212 |
Cash Equivalents | -68.9% | 2.00 | 7.00 | 8.00 | 55.00 | 69.00 | 59.00 | 4.00 | 7.00 | 8.00 | 22.00 | 5.00 | 5.00 | 8.00 | 14.00 | 67.00 | 40.00 | 44.00 | 40.00 | 29.00 | 31.00 | 23.00 |
Net PPE | 15.9% | 515 | 444 | 430 | 389 | 408 | 373 | 358 | 345 | 346 | 350 | 351 | 371 | 391 | 387 | 393 | 500 | 517 | 541 | 511 | 500 | 451 |
Goodwill | 3.5% | 76.00 | 73.00 | 11.00 | 12.00 | 58.00 | 58.00 | 16.00 | 30.00 | 43.00 | 43.00 | 43.00 | 43.00 | 43.00 | 43.00 | 43.00 | 43.00 | 43.00 | 43.00 | 43.00 | 41.00 | 42.00 |
Liabilities | 10.6% | 551 | 498 | 491 | 394 | 420 | 377 | 345 | 301 | 302 | 374 | 350 | 351 | 386 | 409 | 554 | 584 | 532 | 553 | 500 | 488 | 430 |
Current Liabilities | -0.6% | 170 | 171 | 154 | 139 | 156 | 161 | 150 | 130 | 143 | 208 | 179 | 124 | 133 | 147 | 166 | 168 | 161 | 153 | 133 | 133 | 127 |
Long Term Debt | 28.2% | 197 | 154 | 163 | 96.00 | 90.00 | 70.00 | 48.00 | 43.00 | 20.00 | 22.00 | 39.00 | 72.00 | 48.00 | 89.00 | 217 | 228 | 200 | 230 | 209 | 198 | 167 |
LT Debt, Current | 54.1% | 48.00 | 31.00 | 26.00 | 21.00 | 19.00 | 16.00 | 10.00 | 5.00 | 6.00 | 8.00 | 7.00 | 6.00 | 8.00 | 15.00 | 53.00 | 61.00 | 54.00 | 48.00 | 38.00 | 32.00 | 29.00 |
LT Debt, Non Current | 28.2% | 197 | 154 | 163 | 96.00 | 90.00 | 70.00 | 48.00 | 43.00 | 20.00 | 22.00 | 39.00 | 72.00 | 48.00 | 89.00 | 217 | 228 | 200 | 230 | 209 | 198 | 167 |
Shareholder's Equity | 2.4% | 403 | 394 | 380 | 371 | 377 | 380 | 356 | 359 | 350 | 330 | 314 | 297 | 291 | 315 | 307 | 328 | 350 | 348 | 352 | 348 | 343 |
Retained Earnings | 3.1% | 379 | 368 | 355 | 345 | 329 | 319 | 270 | 246 | 225 | 207 | 193 | 177 | 166 | 192 | 184 | 207 | 209 | 208 | 211 | 205 | 201 |
Additional Paid-In Capital | -0.2% | 156 | 156 | 154 | 153 | 153 | 153 | 151 | 150 | 149 | 148 | 146 | 145 | 143 | 143 | 143 | 142 | 142 | 142 | 141 | 143 | 142 |
Accumulated Depreciation | 5.1% | 178 | 169 | 181 | 203 | 212 | 203 | 194 | 185 | 172 | 161 | 156 | 156 | 150 | 140 | 131 | 188 | 208 | 208 | 212 | 200 | 188 |
Shares Outstanding | 0.8% | 13.00 | 13.00 | 13.00 | 13.00 | 15.00 | 15.00 | 16.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 |
Float | - | - | - | 369 | - | - | - | 256 | - | - | - | 248 | - | - | - | 137 | - | - | - | 157 | - | - |
Cashflow (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Cashflow From Operations | -21.5% | 31,868 | 40,605 | 5,120 | 7,248 | 38,161 | 44,166 | 37,487 | 39,416 | 4,980 | 34,115 | 24,507 | 9,616 | 38,083 | 855 | 27,618 | -3,516 | 24,228 | 16,206 | 14,427 | 9,170 | 23,187 |
Share Based Compensation | 0% | 1,884 | 1,884 | - | - | 1,445 | 1,394 | - | - | 8,413 | - | - | - | - | - | - | - | - | - | - | - | - |
Cashflow From Investing | -192.1% | -91,326 | -31,266 | -120,407 | 7,078 | -36,386 | 13,143 | -17,967 | -44,998 | -11,621 | 2,185 | 9,849 | 9,931 | 7,049 | 126,914 | 20,581 | -16,498 | 6,519 | -34,212 | -31,841 | -33,495 | -18,115 |
Cashflow From Financing | 656.6% | 54,364 | -9,768 | 68,520 | -28,407 | 7,633 | -2,515 | -22,201 | 4,314 | -7,135 | -19,078 | -34,180 | -23,164 | -50,459 | -181,162 | -20,727 | 16,078 | -26,951 | 28,978 | 15,236 | 32,199 | -1,556 |
Dividend Payments | 0.1% | 1,437 | 1,436 | 1,442 | 1,466 | 1,095 | 1,170 | 975 | 1,047 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Buy Backs | -Infinity% | -58.00 | - | 4,683 | 20,805 | 13,837 | 27,521 | 28,565 | 14,800 | - | 1,981 | 242 | 8,118 | - | - | -29.00 | 17,515 | - | - | - | - | - |
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 expenses | 400,491 | 402,276 | 350,246 | ||
Fuel expense | 133,291 | 166,410 | 103,641 | ||
Operations and maintenance | 63,753 | 79,051 | 59,269 | ||
Revenue equipment rentals and purchased transportation | 271,893 | 325,624 | 331,685 | ||
Operating taxes and licenses | 13,409 | 11,931 | 10,899 | ||
Insurance and claims | 50,099 | 50,547 | 38,788 | ||
Communications and utilities | 5,012 | 5,385 | 4,558 | ||
General supplies and expenses | 49,444 | 37,762 | 29,673 | ||
Depreciation and amortization | 69,943 | 57,512 | 53,881 | ||
Gain on disposition of property and equipment, net | (12,585) | (40,322) | (3,799) | ||
Total operating expenses | 1,044,750 | 1,096,176 | 978,841 | ||
Operating income | 58,823 | 120,682 | 67,162 | ||
Interest expense, net | 7,967 | 3,083 | 2,791 | ||
Income from equity method investment | (21,384) | (25,193) | (14,782) | ||
Income from continuing operations | 72,240 | 142,792 | 79,153 | ||
Income tax expense | 17,611 | 34,860 | 20,962 | ||
Income from continuing operations | 54,629 | 107,932 | 58,191 | ||
Income from discontinued operations, net of tax | 600 | 750 | 2,540 | ||
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) | 0.05 | 0.05 | 0.15 | ||
Net income per basic share(1) (in dollars per share) | [1] | 4.23 | 7.24 | 3.61 | |
Diluted income per share: | |||||
Income from continuing operations (in dollars per share) | 3.95 | 6.95 | 3.42 | ||
Income from discontinued operations (in dollars per share) | 0.04 | 0.05 | 0.15 | ||
Net income per diluted share (in dollars per share) | $ 3.99 | $ 7 | $ 3.57 | ||
Basic weighted average shares outstanding (in shares) | 13,048 | 15,006 | 16,803 | ||
Diluted weighted average shares outstanding (in shares) | 13,834 | 15,524 | 17,020 | ||
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 | ||
|
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 2022 | 142,504 | 119,770 |
Drivers' advances and other receivables, net of allowance of $591 in 2023 and $585 in 2022 | 4,367 | 3,798 |
Inventory and supplies | 4,848 | 3,516 |
Prepaid expenses | 17,880 | 15,746 |
Assets held for sale | 6,782 | 5,956 |
Income taxes receivable | 6,739 | 4,838 |
Other short-term assets | 531 | 367 |
Total current assets | 185,945 | 222,656 |
Property and equipment, at cost | 692,532 | 619,686 |
Less: accumulated depreciation and amortization | (177,877) | (211,951) |
Net property and equipment | 514,655 | 407,735 |
Goodwill | 75,747 | 58,217 |
Other intangibles, net | 99,615 | 48,169 |
Other assets | 78,067 | 58,843 |
Noncurrent assets from discontinued operations | 409 | 1,025 |
Total assets | 954,438 | 796,645 |
Current liabilities: | ||
Accounts payable | 33,155 | 33,896 |
Accrued expenses | 59,067 | 58,763 |
Current maturities of long-term debt | 47,651 | 18,897 |
Current portion of finance lease obligations | 781 | 5,326 |
Current portion of operating lease obligations | 11,950 | 18,179 |
Current portion of insurance and claims accrual | 17,687 | 21,060 |
Total current liabilities | 170,291 | 156,121 |
Long-term debt | 196,894 | 90,367 |
Long-term portion of finance lease obligations | 5,296 | 432 |
Long-term portion of operating lease obligations | 30,892 | 46,428 |
Insurance and claims accrual | 15,746 | 15,859 |
Deferred income taxes | 116,095 | 98,716 |
Other long-term liabilities | 14,169 | 7,494 |
Other long-term liabilities of discontinued operations | 1,635 | 4,100 |
Total liabilities | 551,018 | 419,517 |
Commitments and contingencies | ||
Stockholders' equity: | ||
Additional paid-in-capital | 155,846 | 152,886 |
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 income | 816 | 1,086 |
Retained earnings | 378,919 | 329,471 |
Total stockholders' equity | 403,420 | 377,128 |
Total liabilities and stockholders' equity | 954,438 | 796,645 |
Common Class A [Member] | ||
Stockholders' equity: | ||
Common stock | 161 | 161 |
Common Class B [Member] | ||
Stockholders' equity: | ||
Common stock | $ 24 | $ 24 |