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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

BEST Inc - ADR

Daseke

Patriot Transportation Hlds

US Xpress Enterprises

Yellow

Universal Logistics Hlds

There's a good deal of trucking stocks to sell. To be clear, the market ideas on this list do not necessarily represent flawed strategies or operations.

7 Trucking Stocks to Sell as the Shipping Boom Goes Bust

Here is how Covenant Logistics (CVLG) and Tsakos Energy (TNP) have performed compared to their sector so far this year.

Is Covenant Logistics Group (CVLG) Outperforming Other Transportation Stocks This Year?

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.

Is Covenant Logistics Group (CVLG) Stock Undervalued Right Now?

Covenant Logistics (CVLG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Covenant Logistics Group, Inc. (CVLG) Hit a 52 Week High, Can the Run Continue?

Covenant Logistics Group Inc. (NASDAQ:CVLG ) Q3 2022 Earnings Conference Call October 21, 2022 9:00 AM ET Company Participants David Parker - Chief Executive Officer Joey Hogan - President Paul Bunn - Senior Executive Vice President, Chief Operating Officer Tripp Grant - Executive Vice President, Chief Financial Officer Conference Call Participants Jason Seidl - Cowen Scott Group - Wolfe Research Jack Atkins - Stephens Bert Subin - Stifel Barry Haimes - Sage Asset Management Operator Welcome to today's Covenant Logistics Group Q3 2022 earnings release and investor conference call. Our host for today's call is Joey Hogan.

Covenant Logistics Group (CVLG) Q3 2022 Earnings Call Transcript

Covenant Logistics (CVLG) delivered earnings and revenue surprises of 10.95% and 5.35%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Covenant Logistics (CVLG) Q3 Earnings and Revenues Beat Estimates

Within its third-quarter earnings report, Covenant Logistics (NASDAQ: CVLG) Thursday announced the next steps in an ongoing management transition. Paul Bunn, who had been senior executive vice president and COO at the truckload carrier, will be promoted to president on Jan. 1, 2023, while continuing to hold his COO title.

Covenant Logistics announces leadership change

CHATTANOOGA, Tenn., Oct. 20, 2022 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today financial and operating results for the third quarter ended September 30, 2022. The Company's live conference call to discuss the quarter will be held at 9:00 A.M. Eastern Time on Friday, October 21, 2022.

Covenant Logistics Group Announces Third Quarter Financial and Operating Results and Planned Changes to Management

Covenant (CVLG) third-quarter 2022 revenues are expected to have benefited from higher freight revenues. However, rising expenses are expected to hurt its bottom line.

What's in the Cards for Covenant (CVLG) in Q3 Earnings?

Heartland Express

Knight-Swift Transportation Holdings

Marten Transport

P.A.M. Transportation Services

As the stock market correction deepens, trucking stocks like Covenant, Marten, Heartland Express and Knight-Swift are holding up well. The post Trucking Stocks Race Up Rankings As Stock Market Correction Deepens appeared first on Investor's Business Daily.

Trucking Stocks Race Up Rankings As Stock Market Correction Deepens

Euroseas

Marathon Petroleum

Universal Forest Products

Unum

We need dividend stocks now as portfolio valuations melt away.

5 Dividend Stocks with Strong Revisions Trends

Is Covenant Logistics Group (CVLG) a Great Value Stock Right Now?

Here is how Covenant Logistics (CVLG) and Golar LNG (GLNG) have performed compared to their sector so far this year.

Has Covenant Logistics Group (CVLG) Outpaced Other Transportation Stocks This Year?

With the Zacks Transportation Sector carrying such a favorable rank, let's look at three highly-ranked stocks in the realm.

3 Transportation Stocks That Deserve a Spot on Any Watchlist

Findings reflect company's continued commitment to its people and communities and the planet Findings reflect company's continued commitment to its people and communities and the planet

Covenant Releases 2021 Corporate Social Responsibility Report

BCB Bancorp

PBF Energy

There is strong underlying demand for cheaper housing and first-time, entry-level buyers will flood the market as soon as prices come down.

The Fed Sends Home Sales Down, But Still a Strong Housing Market

Hub Group

TFI International

XPO Logistics

The transportation sector continues to sail along in what appears to be a slowing economy.

5 Hot Transportation Stocks to Buy Today

CHATTANOOGA, Tenn., Aug. 17, 2022 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today that it has agreed to sell a California terminal for approximately $44.0 million, as well as the declaration of a quarterly cash dividend of $0.08 per share of common stock.

Covenant Logistics Group Announces New Agreement to Sell Excess Real Estate and Quarterly Cash Dividend

CHATTANOOGA, Tenn., Aug. 12, 2022 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today that it has filed a universal shelf registration statement on Form S-3 with the United States Securities and Exchange Commission (“SEC”) to replace a universal shelf registration statement on Form S-3 that expired in late 2021. The Company filed the shelf registration statement with the SEC to provide the Company with flexibility to access the capital markets in the future if circumstances arise that would make the sale of securities advantageous to the Company and its stockholders. The Company has no immediate plans to offer or sell any securities under this shelf registration statement to the public. However, the Company felt it was prudent to file the shelf registration statement as a matter of standard corporate governance to respond to future financing and business opportunities.

Covenant Logistics Group Announces Filing of Universal Shelf Registration Statement on Form S-3

American Airlines

ArcBest

Bunge Global SA

C.H. Robinson Worldwide

For significant returns, investors should keep broker-favored stocks like C.H. Robinson Worldwide (CHRW), Covenant Logistics (CVLG), ArcBest (ARCB), American Airlines (AAL) and Bunge Limited (BG) on their radar.

5 Stocks Worth a Look Following Upgrade by Brokers

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 Most-Watched Stock Covenant Logistics Group, Inc. (CVLG) Worth Betting on Now?

Canadian Solar

There are, of course, many areas of the market performing well in 2022. Let's explore a Zacks screen that helps us find 'Strong Buy' stocks that are climbing to hover near their 52-week highs in the face of growing uncertainty.

Find 'Strong Buy' Stocks Trading Near Highs in August

Does Covenant Logistics (CVLG) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes Covenant Logistics (CVLG) a Strong Momentum Stock: Buy Now?

Covenant Logistics (CVLG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

News for Covenant Logistics Group Inc Stock (CVLG)