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Covenant Logistics Group(NYSE) CVLG

Current Price$49.54
Market Cap$1.22BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1994)+421%
5 Year+423%
1 Year+108%
1 Month+14%
Covenant Logistics Group last closing stock price
MetricPriceDate
Last closeUSD 48.492026-07-20
Covenant Logistics Group stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+4.91%USD 46.222026-07-13
1 month+13.75%USD 42.632026-06-18
3 month+55.32%USD 31.222026-04-21
Year to date+120.9%USD 21.952025-12-31
1 year+108.01%USD 23.312025-07-18
3 year+115.59%USD 22.492023-07-21
5 year+423.14%USD 9.272021-07-21
Since inception+420.72%USD 9.311994-10-28

Covenant Logistics Group Financials at a Glance

Market Cap

$1.22BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$1.20B

Net Income (TTM)

$5.10M

EPS (TTM)

$0.15

P/E Ratio

333.49

Dividend

$0.28

Beta (Volatility)

1.06 (Average)

Price

$49.54

Volume

2,091

Open

$48.72

Previous Close

$48.49

Daily Range

$48.72 - $49.61

52-Week Range

$18.00 - $49.61

Estimated Earnings Date

Jul 29, 2026

CVLG News

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Will Covenant Transportation Group Fumble Next Quarter?

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About Covenant Logistics Group

Covenant moves goods across the United States using trucks and logistics. It provides fast deliveries for retailers and government agencies. The company also manages warehouses and organizes shipments.

How the Freight Moves

  • Dedicated Services: Providing committed truck capacity for specific customers under long-term contracts; accounts for 33.47% of freight revenue.
  • Expedited Freight: Offering fast delivery using two-person driver teams for time-sensitive shipments; represents 29.95% of freight revenue.
  • Managed Freight: Coordinating shipments through third-party carriers and providing transportation management software; accounts for 27.08% of freight revenue.
  • Warehousing: Managing daily storage operations and moving trailers within freight yards; represents 9.44% of freight revenue.

Strategic Growth and Acquisitions

  • Acquired Landair in 2018 to add dedicated truckload and warehousing services.
  • Purchased AAT in 2022 to handle highly regulated, time-sensitive government cargo.
  • Expanded into poultry transportation by acquiring Lew Thompson & Son Trucking in 2023.
  • Gained specialized brokerage capabilities through the 2025 acquisition of Star Logistics Solutions.

Why the Fleet Stays Young

Covenant operates a modern tractor fleet with an average age of 2 years to reduce maintenance costs. The firm focuses on specialized niches like poultry hauling and government loads to stabilize its earnings against market cycles.

By the Numbers

  • Revenue reached $307.2 million in Q1 2026, up 14% year-over-year.
  • Operating income was $6.6 million in Q1 2026, a 13.2% decrease from the prior year.
  • Net income reached $4.4 million in Q1 2026, down 32.7% from Q1 2025.
  • Free cash flow hit $144.6 million in Q4 2025.

A New Direction

Covenant has transitioned from a simple trucking company into a diversified logistics provider. Its focus on specialized niches and technology helps protect the business from shipping market volatility.

AI Generated • May 3, 2026

Industry

Road and Rail

Sector

Industrials

Employees

4,700

CEO

David Ray Parker

Website

www.covenantlogistics.com

Headquarters

Chattanooga, TN 37419, US

CVLG Financials

Key Financial Metrics (TTM)

Gross Margin

12.80%

Operating Margin

1.61%

Net Income Margin

0.42%

Return on Equity

1.23%

Return on Capital

1.88%

Return on Assets

0.50%

Earnings Yield

0.30%

Dividend Yield

0.58%

Payout Ratio

1.39%

Stock Overview

Market Cap

$1.22BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

25.17M

Volume

2.09K

Avg. Volume

197.03K

Financials (TTM)

Gross Profit

$153.89M

Operating Income

$19.33M

EBITDA

$111.12M

Operating Cash Flow

$117.78M

Capital Expenditure

$22.06M

Free Cash Flow

$139.84M

Cash & ST Invst.

$11.25M

Total Debt

$291.75M

Covenant Logistics Group Performance Analysis

Covenant Logistics Group annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 1,216,858,00016.3%
20232023-12-31USD 1,103,573,000-9.3%
20242024-12-31USD 1,131,476,0002.5%
20252025-12-31USD 1,164,472,0002.9%
Covenant Logistics Group sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3012.4%
Q32025-09-30-2.0%
Q42025-12-31-0.5%
Q12026-03-314.0%
Covenant Logistics Group annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 3.5096.2%
20232023-12-31USD 2.00-43.0%
20242024-12-31USD 1.30-35.1%
20252025-12-31USD 0.27-79.2%
Covenant Logistics Group sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3050.0%
Q32025-09-30-5.6%
Q42025-12-31-314.7%
Q12026-03-31123.3%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$307.16M

+14.0%

Gross Profit

$25.84M

-38.3%

Gross Margin

8.41%

N/A

Market Cap

$1.22BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$259.69K

N/A

Employees

4,700

N/A

Net Income

$4.42M

-32.7%

EBITDA

$33.95M

+2.3%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$11.25M

+0.1%

Total Debt

$291.75M

+4.9%

Accounts Receivable

$173.29M

+19.4%

Inventory

$7.17M

+30.5%

Long Term Debt

$226.18M

+4.6%

Short Term Debt

$65.57M

+5.9%

Return on Assets

0.50%

N/A

Return on Invested Capital

2.37%

N/A

Free Cash Flow

$17.59M

+304.7%

Operating Cash Flow

$28.96M

+16.6%

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Questions About CVLG

What is the current price of Covenant Logistics Group?

Covenant Logistics Group is trading at $49.54 per share.

What is the 52-week range for Covenant Logistics Group?

Over the past 52 weeks, Covenant Logistics Group has traded between $18.00 and $49.61.

How much debt does Covenant Logistics Group have?

As of the most recent reporting period, Covenant Logistics Group reported total debt of $291.75M.

How much cash does Covenant Logistics Group have on hand?

Covenant Logistics Group reported $11.25M in cash and cash equivalents in its most recent financial results.

What is Covenant Logistics Group’s dividend yield?

Covenant Logistics Group currently has a dividend yield of 0.58%.

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