Covenant Logistics Group Inc

Covenant Logistics Group, Inc. is a holding company, which engages in the provision of freight and logistics services. It operates through the following segments: Highway Services and Dedicated Contract Services. The Highway Services Segment includes two separate service offerings: Expedited Services (Expedited) and Over-the-Road Services (OTR), both of which transport one-way freight over non-routine routes. The Dedicated Contract Services Segment provides similar transportation services, but does so pursuant to agreements whereby equipment available to a specific customer for shipments over particular routes at specified times. The company was founded by David Ray Parker in 1986 and is headquartered in Chattanooga, TN.

Earnings data Q1 2021

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Earnings data Q3 2024

Earnings data Q4 2024

Covenant Logistics Group reports record earnings but anticipates challenges ahead

Covenant Logistics Group's strong performance in 2022 was marked by record earnings and revenue, despite some challenges.
Management's focus on cost improvements, customer value, and market navigation positions the company for long-term success.
While facing headwinds in 2023, the company remains optimistic about growth opportunities and maintaining customer relationships.
Anticipated margin compression in Managed Freight highlights the need for strategic adjustments to drive future profitability.

Covenant Logistics Group reports Q1 revenue decline, eyes growth opportunities

Covenant Logistics Group faced revenue and income declines in Q1 2023, with challenges in certain segments offsetting strengths like cost reductions and strategic acquisitions. Despite market softness, the company is eyeing future growth through capital allocation strategies and potential M&A opportunities.

Covenant Logistics reports Q2 revenue decline, eyes operational efficiency

Covenant Logistics Group navigated challenges in Q2 2023 with declines in revenue and profitability but showcased resilience and strategic acquisitions.
Effective cost management and sequential profitability improvements highlight the company's ability to adapt to market conditions and enhance operational efficiency.
While facing increased indebtedness and lower returns, Covenant Logistics remains optimistic about future growth opportunities and operational enhancements.

Covenant Logistics Group reports Q3 decline, eyes long-term growth

Covenant Logistics Group (CVLG) faced a decline in Q3 2023 financial performance, with revenue and income metrics down. Despite challenges, the company demonstrated strengths in strategic planning, successful acquisitions, and operational improvements. Looking ahead, CVLG aims to navigate challenges, capitalize on opportunities, and drive growth through long-term strategies.

Covenant Logistics Group reports Q4 resilience amidst freight challenges

Covenant Logistics Group navigated challenges in the freight environment, with a focus on improving financial performance and operational efficiency across segments.
Strategic acquisitions and operational improvements are driving growth opportunities, positioning the company for enhanced performance in 2024.
Despite facing revenue and profit declines in certain segments, Covenant Logistics Group aims to leverage strengths and opportunities to drive margin improvement and financial growth.

Covenant Logistics Group (CVLG) reports growth amidst market challenges

Covenant Logistics Group (CVLG) demonstrated resilience and growth in Q1 2024, with positive revenue and operational improvements.
While facing challenges such as market softness and declining returns, the company remains optimistic about future growth opportunities.
Strategic investments in equipment and operational efficiencies underscore a focus on sustainable expansion and financial stability.
Adaptation to market conditions and continued focus on growth drivers position Covenant Logistics Group for long-term success.

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In the closing of the recent trading day, Covenant Logistics (CVLG) stood at $45.90, denoting a +0.95% change from the preceding trading day.

Covenant Logistics (CVLG) Beats Stock Market Upswing: What Investors Need to Know

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Covenant Logistics Group (CVLG) Stock?

CHATTANOOGA, Tenn., March 07, 2024 (GLOBE NEWSWIRE) -- Matthew Duncan, Vice President of Enterprise Driver Recruiting and Talent Acquisition for Covenant Logistics, has been named the 2023 Transport Topics Recruiting Professional of the Year. The prestigious accolade was presented to Duncan on February 22 at the Recruitment and Retention Conference, a testament to his industry leadership and remarkable contributions to the field of talent acquisition.

Matthew Duncan of Covenant Logistics Named 2023 Transport Topics Recruiting Professional of the Year

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Is It Worth Investing in Covenant Logistics (CVLG) Based on Wall Street's Bullish Views?

Covenant Logistics (CVLG) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Covenant Logistics (CVLG) Shows Fast-paced Momentum But Is Still a Bargain Stock

The mean of analysts' price targets for Covenant Logistics (CVLG) points to a 31.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Predict a 31.58% Upside in Covenant Logistics (CVLG): Here's What You Should Know

Covenant Logistics Group, Inc. (CVLG) Q4 2023 Earnings Call Transcript

CHATTANOOGA, Tenn., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today financial and operating results for the fourth quarter ended December 31, 2023. The Company's conference call to discuss the quarter will be held at 9:00 A.M. Eastern Time on Wednesday, January 24, 2024.

Covenant Logistics Group Announces Fourth Quarter Financial and Operating Results

Covenant Logistics (CVLG) concluded the recent trading session at $46.29, signifying a -1.38% move from its prior day's close.

Covenant Logistics (CVLG) Stock Slides as Market Rises: Facts to Know Before You Trade

In the most recent trading session, Covenant Logistics (CVLG) closed at $43.90, indicating a +1.69% shift from the previous trading day.

Covenant Logistics (CVLG) Rises Higher Than Market: Key Facts

CHATTANOOGA, Tenn., Jan. 02, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced its plans to release its fourth quarter earnings after 4:00 p.m. Eastern time on Tuesday, January 23, 2024. Covenant Logistics Group, Inc. will hold a live conference call to discuss its fourth quarter earnings release on Wednesday, January 24, 2024, at 9:00 a.m. Eastern time. Individuals with questions may dial in at 877-550-1505 (U.S./Canada) and 0800-524-4760 (International). An audio replay will be available for one week following the call at 800-645-7964, access code 3895#. In addition, you will be able to listen to the audio replay for an extended period of time on our investor website, under the icon "Audio Archives". For additional financial and statistical information regarding the Company that may be discussed during the conference call, please visit our website at www .c o venantlogistics.com/investors  under “Earnings Info.”

Covenant Logistics Group, Inc. Announces Timing of Fourth Quarter Earnings Release and Conference Call

In the closing of the recent trading day, Covenant Logistics (CVLG) stood at $46.04, denoting a -1.05% change from the preceding trading day.

Here's Why Covenant Logistics (CVLG) Fell More Than Broader Market

The latest trading day saw Covenant Logistics (CVLG) settling at $46.53, representing a +0.98% change from its previous close.

Covenant Logistics (CVLG) Exceeds Market Returns: Some Facts to Consider

In the most recent trading session, Covenant Logistics (CVLG) closed at $44.68, indicating a +1.29% shift from the previous trading day.

Covenant Logistics (CVLG) Advances While Market Declines: Some Information for Investors

Covenant Logistics (CVLG) reachead $42.89 at the closing of the latest trading day, reflecting a +0.68% change compared to its last close.

Covenant Logistics (CVLG) Rises Yet Lags Behind Market: Some Facts Worth Knowing

In the latest trading session, Covenant Logistics (CVLG) closed at $42.22, marking a -1.97% move from the previous day.

Covenant Logistics (CVLG) Suffers a Larger Drop Than the General Market: Key Insights

Covenant Logistics Group, Inc. (NASDAQ:CVLG ) Q3 2023 Earnings Conference Call October 26, 2023 10:00 AM ET Company Participants Tripp Grant - EVP and CFO Paul Bunn - President and COO David Parker - Founder and CEO Conference Call Participants Jason Seidl - TD Cowen Jack Atkins - Stephens Michael Vermut - Newland Capital Scott Group - Wolfe Research Operator Welcome to today's Covenant Logistics Group Third Quarter Earnings Release Conference Call. Our host for today's call is Tripp Grant.

Covenant Logistics Group, Inc. (CVLG) Q3 2023 Earnings Call Transcript

CHATTANOOGA, Tenn., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. has been honored with the 2023 ATA Diversity Equity and Inclusion Change Leader Award. In an industry as dynamic and essential as trucking, the importance of diversity, equity, and inclusion cannot be overstated. Recognizing this, the American Trucking Association (ATA) celebrated eight remarkable companies with the 2023 ATA Diversity Equity and Inclusion Change Leader Award at this year's ATA Management Conference and Exhibition (MCE). Among the esteemed recipients, Covenant Logistics stood out for its unwavering commitment to fostering a culture of acceptance and belonging for its team members and setting the new standard for the future of trucking.

Covenant Logistics Honored with the 2023 ATA Diversity Equity and Inclusion Change Leader Award

Covenant Logistics (CVLG) concluded the recent trading session at $45.32, signifying a +1.55% move from its prior day's close.

Covenant Logistics (CVLG) Rises As Market Takes a Dip: Key Facts

CHATTANOOGA, Tenn., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc (Covenant), a leading name in the logistics and transportation industry, is excited to announce its recent accolade as a "2023 Top Food Chain Provider" by the esteemed Food Shippers of America (FSA). This prestigious recognition highlights Covenant Logistics' unwavering commitment to excellence and innovation in serving the food and beverage industry.

Covenant Logistics Earns Prestigious Recognition as a 2023 Top Food Chain Provider by Food Shippers of America

Covenant Logistics (CVLG) concluded the recent trading session at $43.92, signifying a +0.71% move from its prior day's close.

(CVLG) Ascends While Market Falls: Some Facts to Note

CHATTANOOGA, Tenn., Oct. 03, 2023 (GLOBE NEWSWIRE) -- In a release issued earlier today by Covenant Logistics Group, Inc. (Nasdaq: CVLG), the wrong quarter was mentioned throughout the release, including in the headline. It should be third quarter, not second quarter. The corrected release follows:

CORRECTION - Covenant Logistics Group, Inc. Announces Timing Of Third Quarter Earnings Release And Conference Call

CHATTANOOGA, Tenn., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced its plans to release its second quarter earnings after 4:00 p.m. Eastern time on Wednesday, October 25, 2023. Covenant Logistics Group, Inc. will hold a live conference call to discuss its second quarter earnings release on Thursday, October 26, 2023, at 10:00 a.m. Eastern time. Individuals with questions may dial in at 877-550-1505 (U.S./Canada) and 0800-524-4760 (International). An audio replay will be available for one week following the call at 800-645-7964, access code 3895#. In addition, you will be able to listen to the audio replay for an extended period of time on our investor website, under the icon "Audio Archives". For additional financial and statistical information regarding the Company that may be discussed during the conference call, please visit our website at www.covenantlogistics.com/investors under “Earnings Info.”

Covenant Logistics Group, Inc. Announces Timing Of Second Quarter Earnings Release And Conference Call

Here is how Covenant Logistics (CVLG) and Teekay Tankers (TNK) have performed compared to their sector so far this year.

Is Covenant Logistics Group (CVLG) Stock Outpacing Its Transportation Peers This Year?

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