Covenant Logistics/$CVLG

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About Covenant Logistics

Covenant Logistics Group Inc together with its wholly-owned subsidiaries offers truckload transportation and freight brokerage services to customers throughout the continental United States. The company's reportable segments include Expedited, Dedicated Services, Managed Freight and Warehousing. Expedited segment provides truckload services to customers with high service freight and delivery standards. Dedicated segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length. Managed Freight segment includes brokerage services and TMS. Warehousing segment provides day-to-day warehouse management services to customers who have chosen to outsource this function. Majority of revenue is generated from expedited segment.

Ticker

$CVLG

Primary listing

NYSE

Industry

Ground Transportation

Employees

3,950

ISIN

US22284P1057

CVLG Metrics

BasicAdvanced
$664M
17.93
$1.39
1.45
$0.25
1.12%

What the Analysts think about CVLG

Analyst ratings (Buy, Hold, Sell) for Covenant Logistics stock.

Bulls say / Bears say

Covenant Logistics reported a 3.5% increase in total revenue for its truckload operations in Q4 2024, driven by a 7.4% increase in average tractors and higher freight revenue per mile. (covenantlogistics.com)
The company's asset-light segments, including Managed Freight and Warehousing, outperformed expectations in Q4 2024 by providing overflow capacity and executing on peak opportunities, contributing positively to overall profitability. (covenantlogistics.com)
Covenant's strategic acquisitions, such as Lew Thompson & Son Trucking in April 2023, have diversified its business model, leading to improved margins and more stable earnings during freight market downturns. (beyondspx.com)
In Q4 2024, Covenant's Dedicated segment's adjusted profitability fell short due to unexpected customer shutdowns and volume reductions, coupled with higher costs related to guaranteed driver pay and a significant casualty claim expense. (covenantlogistics.com)
The company's 49% equity method investment in Transport Enterprise Leasing (TEL) saw a decrease in pre-tax net income to $3.0 million in Q4 2024 from $4.7 million in the same quarter of 2023, primarily due to a softening equipment market and increased interest expenses. (covenantlogistics.com)
Covenant anticipates a challenging freight environment in the first half of 2025, with potential rate and margin compression compared to previous years, which could impact profitability. (covenantlogistics.com)
Data summarised monthly by Lightyear AI. Last updated on 7 Jul 2025.

CVLG Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

CVLG Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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