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

Earnings data Q2 2021

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q1 2023

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Earnings data Q2 2024

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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CHATTANOOGA, Tenn., March 31, 2023 (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 Thursday, April 27, 2023. Covenant Logistics Group, Inc. will hold a live conference call to discuss its first quarter earnings release on Friday, April 28, 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 First Quarter Earnings Release And Conference Call

Covenant provides expedited light-duty services. In my view, the use of technology may help explain recent efficiency increases in the average freight revenue per total mile and the average freight revenue per tractor per week.

Covenant Logistics: Data Analytics To Hire Drivers Could Push The Price Up

CHATTANOOGA, Tenn., Feb. 16, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today that, in connection with continued monitoring of the productivity of the Company's assets and allocation of cash, its board of directors has declared a quarterly cash dividend of $0.11 per share of Class A and Class B common stock, an increase to the $0.08 per share from the most recent quarter. The quarterly cash dividend is payable to stockholders of record on March 3, 2023 and is expected to be paid on March 31, 2023.

Covenant Logistics Group Announces Increase to Quarterly Cash Dividend

NEW YORK , Feb. 6, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Covenant Logistics Group, Inc. ("Covenant" or the "Company") (NASDAQ: CVLG). Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Covenant Logistics Group, Inc. - CVLG

CHATTANOOGA, Tenn., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today that on January 30, 2023, the Company's board of directors approved an amendment to the Company's stock repurchase program authorizing the purchase of up to an aggregate $55 million of the Company's Class A common stock in open market or privately negotiated transactions. The amendment added an incremental approximately $37.5 million to the approximately $17.5 million that was currently remaining under the program. The stock repurchase program does not obligate the Company to repurchase any specific number of shares and the Company may suspend or terminate the program at any time without prior notice. In conjunction with the amendment, the Company adopted a Rule 10b5-1 plan with defined trading parameters that will be executed by the program administrator consistent with the plan and Rule 10b-18. The plan will commence in February of 2023 and expire January 31, 2024.

Covenant Logistics Group Announces Amended Stock Repurchase Program and 10b5-1 Trading Plan

Atlanta, Georgia--(Newsfile Corp. - January 31, 2023) - Holzer & Holzer, LLC is investigating whether Covenant Logistics Group, Inc. ("Covenant Logistics" or the "Company") (NASDAQ: CVLG) complied with federal securities laws. On January 25, 2023, the Company released fourth quarter financial results, including non-GAAP earnings that missed consensus estimates.

SHAREHOLDER ALERT: Investigation of Covenant Logistics Group, Inc. (CVLG) Announced by Nationally Ranked Investors' Rights Firm Holzer & Holzer, LLC

NEW YORK--( BUSINESS WIRE )--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Covenant Logistics Group, Inc. (“Covenant” or the “Company”) (NASDAQ: CVLG). Investors who purchased Covenant securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/cvlg.

Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Covenant Logistics Group, Inc. (CVLG) Investigation

Covenant Logistics Group (NASDAQ:CVLG ) Q4 2022 Earnings Conference Call January 26, 2022 10:00 AM ET Company Participants Tripp Grant - Executive Vice President & Chief Financial Officer Paul Bunn - Senior Executive Vice President & Chief Operating Officer David Parker - Chief Executive Officer Joey Hogan - President Conference Call Participants Jason Seidl - Cowen Jack Atkins - Stephens Bert Subin - Stifel Operator Welcome to today's Covenant Logistics Group Fourth Quarter Earnings Release Conference Call. Our host for today's call is Tripp Grant.

Covenant Logistics Group (CVLG) Q4 2022 Earnings Call Transcript

Management from Covenant Logistics Group provided some optimism regarding the truckload market on a call with analysts Thursday. Customers making progress reducing inventories, capacity leaving the industry and the work the company has done to reduce cyclicality in its business model were some of the reasons for the upbeat tone.

Covenant optimistic this time is different; stock falls 20% on wonky Q4

The freight market appears challenging heading into 2023.

Why Covenant Logistics Stock Is Down Today

Covenant Logistics Group highlighted several achievements during 2022, including generating more than $1 billion in freight revenue and achieving an all-time high for full-year earnings per share, in its fourth-quarter report released Wednesday after the market closed. However, it also sees the current overhang on freight markets lingering for a while.

Covenant misses expectations in noisy Q4

Covenant Logistics (CVLG) delivered earnings and revenue surprises of -9.27% and 0.09%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Covenant Logistics (CVLG) Q4 Earnings Lag Estimates

Supply-chain disruptions are likely to have hurt Covenant's (CVLG) fourth-quarter 2022 performance.

What's in the Cards for Covenant (CVLG) in Q4 Earnings?

CHATTANOOGA, Tenn., Jan. 03, 2023 (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 Wednesday, January 25, 2023. Covenant Logistics Group, Inc. will hold a live conference call to discuss its fourth quarter earnings release on Thursday, January 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 ww w .c o venantlogistics.com/investors  under “Earnings Info.”

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

Recently, Zacks.com users have been paying close attention to Covenant Logistics (CVLG). This makes it worthwhile to examine what the stock has in store.

Here is What to Know Beyond Why Covenant Logistics Group, Inc. (CVLG) is a Trending Stock

Zacks.com users have recently been watching Covenant Logistics (CVLG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Is Trending Stock Covenant Logistics Group, Inc. (CVLG) a Buy Now?

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