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

Covenant Logistics (CVLG) delivered earnings and revenue surprises of 19.85% and 9.90%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Covenant Logistics (CVLG) Beats Q2 Earnings and Revenue Estimates

Covenant Logistics Group reported Monday after the market close second-quarter earnings of $1.63 per share on total revenue of $317.3 million, a 23% increase compared to the same period in 2021. Chattanooga, Tennessee-based Covenant beat analysts' expectations for earnings per share of $1.36 and revenue of $288 million, in spite of “unprecedented cost inflation, unusually high insurance costs, minimal gain on sale of used equipment and a softening in the freight market,” said Chairman and CEO David R.

Covenant beats Q2 earnings estimates despite ‘softening' freight market

CHATTANOOGA, Tenn., July 25, 2022 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today financial and operating results for the second quarter ended June 30, 2022. The Company's live conference call to discuss the quarter will be held at 10:00 A.M. Eastern Time on Tuesday, July 26, 2022.

Covenant Logistics Group Announces Second Quarter Financial And Operating Results

When a stock experiences a golden cross technical event, good things could be on the horizon. How should investors react?

After Golden Cross, Covenant Logistics (CVLG)'s Technical Outlook is Bright

BayCom Corp

Mercer International

Small-cap stocks have high growth potential but also carry a higher level of risk. Simply put, they can be seen as a double-edged sword.

3 Top-Ranked Small-Caps up Double-Digits in 2022

Covenant Logistics (CVLG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Covenant Logistics (CVLG) Earnings Expected to Grow: Should You Buy?

Apple Hospitality REIT

Arch Resources

Matson

Valero Energy

With fears of the United States probably being on the verge of another recession looming large, low leverage stocks like ARCH, VLO, APLE, MATX and CVLG should be in your portfolio.

5 Low Leverage Stocks to Buy Amid Market Turmoil

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

Here's Why Covenant Logistics (CVLG) is a Great Momentum Stock to Buy

Covenant Logistics Group has performed exceptionally well compared to the broader market in recent months. This comes as strong revenue and cash flow growth persists into 2022 despite concerns of a possible recession.

Covenant Logistics Group: Still Cheap

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

Will Covenant Logistics (CVLG) Gain on Rising Earnings Estimates?

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) Is Attractively Priced Despite Fast-paced Momentum

Covenant Logistics (CVLG) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Strength Seen in Covenant Logistics (CVLG): Can Its 13.6% Jump Turn into More Strength?

Covenant saw its IBD SmartSelect Composite Rating rise to 96 Monday, up from 88 the day before. The post Covenant Joins Elite List Of Stocks With 95-Plus Composite Rating appeared first on Investor's Business Daily.

Covenant Joins Elite List Of Stocks With 95-Plus Composite Rating

CHATTANOOGA, Tenn., May 24, 2022 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today the adoption of a $75 million Rule 10b5-1 repurchase plan.

Covenant Logistics Group Announces Adoption of $75 Million Rule 10b5-1 Repurchase Plan

CHATTANOOGA, Tenn., May 19, 2022 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today significant steps in the continuing execution of our capital allocation program that focuses on improving stockholder returns, as well as the declaration of quarterly cash dividend of $0.0625 per share of common stock and two management promotions.

Covenant Logistics Group Announces New $75 Million Stock Repurchase Authorization, Agreement To Sell Excess Real Estate, and Management Promotions

Aurora Innovation

Aurora Innovation Inc. has signed up its third truckload carrier this year to partner on possible deployment of its autonomous vehicle technology. In the latest transaction, Aurora (NASDAQ: AUR) said it had agreed with Covenant Logistics (NASDAQ: CVLG) on what it described as a “collaboration to explore ways to optimize Covenant's long-haul operations with Aurora's autonomous trucking product.

Aurora signs up truckload carrier Covenant to work on autonomous technology

PITTSBURGH--(BUSINESS WIRE)---- $AUR #aurora--Today, Aurora Innovation Inc. (NASDAQ: AUR) and Covenant Logistics Group, Inc. (NASDAQ: CVLG) announced a collaboration to explore ways to optimize Covenant's long-haul operations with Aurora's autonomous trucking product. The two companies will explore the integration and deployment of Aurora Horizon within Covenant's operations. Part of Covenant's diversified services is long-haul trucking, making the benefits of autonomous technology in its network especially att

Covenant and Aurora Announce Collaboration to Transform Long-Haul Trucking

Academy Sports and Outdoors

Algoma Steel Group

ChampionX

Dell Technologies

VAALCO Energy

Epsilon Energy Ltd

Herc Hlds

Labcorp Holdings Inc

Marcus & Millichap

Seanergy Maritime Hlds

Skyrocketing inflation has spurred demand for investments that can keep pace with rising prices. This includes renewed interest in income-paying investments, including both old and new dividend stocks.

12 of Wall Street's Newest Dividend Stocks

Covenant Logistics Group, Inc. (NASDAQ:CVLG ) Q1 2022 Earnings Conference Call April 28, 2022 10:00 AM ET Company Participants Joey Hogan - President & Principal Financial Officer Paul Bunn - Chief Operating Officer Conference Call Participants Scott Group - Wolfe Research Jack Atkins - Stephens Jason Seidl - Cowen Bert Subin - Stifel Operator Welcome to today's Covenant Logistics Group Q1 2022 Earnings Release and Investor Conference Call. Our host for today's call is Joey Hogan.

Covenant Logistics Group, Inc. (CVLG) Management on Q1 2022 Results - Earnings Call Transcript

Covenant Logistics had one of the later earnings releases among truckload carriers. But some of the comments from President Joey Hogan on its earnings call Thursday summarized the market conditions facing carriers following a bountiful first three months of the year.

Hogan: Strong quarter for Covenant, but costs of trucking keep rising

Covenant Logistics (CVLG) delivered earnings and revenue surprises of 56.98% and 5.42%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Covenant Logistics (CVLG) Beats Q1 Earnings and Revenue Estimates

Covenant Logistics is the latest truckload carrier reporting a key performance record in its first-quarter earnings report, and the company did it while driving fewer trucks. Earnings of $1.35 per share on a non-GAAP basis were a record for any quarter, Chairman and CEO David Parker stated in Covenant's earnings release.

Truckload carrier Covenant's Q1 net income sets record for any quarter

ArcBest

J.B. Hunt Transport Services

Saia

XPO Logistics

Incremental capacity, cooling demand and plummeting spot rates were the catalysts for another analyst to reel in expectations for trucking companies. On Thursday, Cowen's Jason Seidl lowered earnings estimates for the truckload and less-than-truckload carriers he follows heading into the first-quarter earnings season, which starts Monday.

Trucking: Cowen cuts estimates over ‘growing concerns for carriers'

Covenant Logistics (CVLG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Covenant Logistics (CVLG): Strong Industry, Solid Earnings Estimate Revisions

Covenant Logistics Group announced Thursday it has completed the acquisition of AAT Carriers, which will become part of Covenant's expedited segment. Covenant also announced a plan to buy back up to $30 million of its Class A common stock.

News for Covenant Logistics Group Inc Stock (CVLG)