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CVLG 
Covenant Logistics Group, Inc. (CVLG)
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Upturn Advisory Summary
12/11/2025: CVLG (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
4 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $31
1 Year Target Price $31
| 3 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 51.62% | Avg. Invested days 47 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  5.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 12/11/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 587.86M USD | Price to earnings Ratio 21.53 | 1Y Target Price 31 |
Price to earnings Ratio 21.53 | 1Y Target Price 31 | ||
Volume (30-day avg) 4 | Beta 1.17 | 52 Weeks Range 17.30 - 29.12 | Updated Date 12/12/2025 |
52 Weeks Range 17.30 - 29.12 | Updated Date 12/12/2025 | ||
Dividends yield (FY) 1.15% | Basic EPS (TTM) 1.09 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 2.81% | Operating Margin (TTM) 2.74% |
Management Effectiveness
Return on Assets (TTM) 2.75% | Return on Equity (TTM) 6.84% |
Valuation
Trailing PE 21.53 | Forward PE 12.35 | Enterprise Value 898253267 | Price to Sales(TTM) 0.51 |
Enterprise Value 898253267 | Price to Sales(TTM) 0.51 | ||
Enterprise Value to Revenue 0.78 | Enterprise Value to EBITDA 6.41 | Shares Outstanding 20347178 | Shares Floating 14577207 |
Shares Outstanding 20347178 | Shares Floating 14577207 | ||
Percent Insiders 28.18 | Percent Institutions 68.74 |
Upturn AI SWOT
Covenant Logistics Group, Inc.
Company Overview
History and Background
Covenant Logistics Group, Inc. (NASDAQ: CVLG) was founded in 1986 as Covenant Transport. Initially focused on truckload freight, the company has evolved significantly. Key milestones include its expansion into expedited freight services, the acquisition of various logistics companies to broaden its service offerings, and its rebranding to Covenant Logistics Group, Inc. to reflect its diversified capabilities. The company has strategically grown its network and fleet to become a comprehensive logistics provider.
Core Business Areas
- Managed Logistics: This segment provides dedicated fleet services, transportation management solutions, and warehousing to a diverse customer base across various industries. It focuses on optimizing supply chains through technology and service integration.
- Dedicated Transportation: Offers customized, dedicated fleet solutions for businesses requiring consistent and specialized transportation services. This includes managing all aspects of fleet operations, from equipment to personnel.
- Expedited Freight: Provides time-sensitive transportation services, often for critical shipments that require rapid delivery. This segment leverages a network of company and owner-operator assets for quick response.
- Warehousing and Distribution: Offers storage, inventory management, and distribution services, complementing its transportation offerings to provide end-to-end supply chain solutions.
Leadership and Structure
Covenant Logistics Group, Inc. is led by a senior management team comprising a CEO, CFO, COO, and other key executives responsible for strategic direction and operational oversight. The company is structured into business units that align with its core service offerings, allowing for specialized management and execution within each segment. The Board of Directors oversees the company's governance and strategic decisions.
Top Products and Market Share
Key Offerings
- Managed Logistics Services: Comprehensive suite of services including freight brokerage, transportation management, and supply chain consulting. Market share data for specific sub-segments is proprietary, but it competes with major 3PLs. Key competitors include XPO Logistics (XPO), CH Robinson (CHRW), and C.H. Robinson Worldwide (CHRW).
- Dedicated Fleet Services: Provides dedicated trucks and drivers for businesses with consistent shipping needs. While precise market share is not public, it is a significant player in the dedicated fleet market. Competitors include Ryder System (R), Penske Truck Leasing, and Trimac Transportation.
- Expedited Freight Services: Specialized, time-sensitive shipping solutions. This is a niche but growing market within logistics. Competitors include UPS (UPS) Air Cargo, FedEx (FDX) Express, and specialized expedited carriers.
Market Dynamics
Industry Overview
The logistics industry in the US is a critical component of the economy, characterized by high demand, increasing complexity, and a strong reliance on technology and efficiency. Key trends include the growth of e-commerce, the need for supply chain resilience, sustainability initiatives, and ongoing driver shortages. The industry is highly competitive and influenced by economic cycles.
Positioning
Covenant Logistics Group, Inc. positions itself as a comprehensive logistics solutions provider, offering a blend of asset-based and non-asset-based services. Its competitive advantages lie in its diversified service portfolio, established customer relationships, and a focus on technology to enhance efficiency. The company aims to be a strategic partner for its clients, offering tailored solutions rather than just transportation services.
Total Addressable Market (TAM)
The total addressable market for logistics services in the United States is estimated to be in the hundreds of billions of dollars, encompassing freight transportation, warehousing, and supply chain management. Covenant Logistics Group, Inc. operates within this large market, aiming to capture a significant portion through its specialized offerings and strategic growth initiatives. Its current market share is relatively small compared to the overall TAM, indicating substantial room for growth.
Upturn SWOT Analysis
Strengths
- Diversified service offerings including managed logistics, dedicated transportation, and expedited freight.
- Strong existing customer relationships and a reputation for reliable service.
- Strategic acquisitions to expand capabilities and market reach.
- Investment in technology to improve operational efficiency and customer experience.
Weaknesses
- Reliance on a skilled labor force, particularly drivers, which can be subject to shortages and wage pressures.
- Vulnerability to economic downturns that impact freight volumes.
- Smaller scale compared to some larger, diversified logistics giants.
Opportunities
- Continued growth in e-commerce driving demand for logistics services.
- Expansion into new geographic markets and service verticals.
- Leveraging data analytics and AI to optimize routes, predict demand, and enhance service offerings.
- Partnerships and collaborations to extend reach and capabilities.
Threats
- Intense competition from established players and new entrants.
- Rising fuel costs and potential regulatory changes impacting transportation.
- Economic volatility and supply chain disruptions (e.g., pandemics, geopolitical events).
- Technological advancements by competitors that could disrupt the market.
Competitors and Market Share
Key Competitors
- XPO Logistics (XPO)
- CH Robinson Worldwide (CHRW)
- JB Hunt Transport Services (JBHT)
- Knight-Swift Transportation Holdings (KNX)
Competitive Landscape
Covenant Logistics Group, Inc. faces intense competition from larger, more established players with broader networks and greater economies of scale. However, its focus on specialized services, customer-centric solutions, and agility allows it to compete effectively within its chosen segments. Its ability to integrate acquired businesses and leverage technology are key differentiators.
Major Acquisitions
Transport Designs, Inc. (TDI)
- Year: 2017
- Acquisition Price (USD millions):
- Strategic Rationale: Acquired to enhance managed freight and brokerage capabilities.
Southern Intermodal Express, LLC (SIE)
- Year: 2018
- Acquisition Price (USD millions):
- Strategic Rationale: Strengthened intermodal services and expanded regional presence.
Paradigm Logistics
- Year: 2021
- Acquisition Price (USD millions):
- Strategic Rationale: Expanded dedicated fleet services and customer base.
Growth Trajectory and Initiatives
Historical Growth: Covenant Logistics Group, Inc. has demonstrated consistent revenue growth over recent years, driven by organic expansion and strategic acquisitions. Profitability has also seen positive trends, though subject to industry-wide cost pressures.
Future Projections: Analyst projections for Covenant Logistics Group, Inc. typically focus on continued revenue growth, driven by market demand and the company's expanding service capabilities. Profitability is expected to improve as operational efficiencies are realized and the company leverages its diversified portfolio.
Recent Initiatives: Recent strategic initiatives may include the acquisition of new logistics companies to enhance service offerings, investments in technology for operational improvements, and expansion of dedicated fleet services to meet growing customer demand.
Summary
Covenant Logistics Group, Inc. is a diversified logistics provider with strengths in managed and dedicated transportation services. The company has a history of strategic acquisitions to expand its capabilities and market reach. While facing intense competition and industry-wide challenges like driver shortages and economic sensitivity, it is well-positioned to capitalize on the growing demand for integrated logistics solutions driven by e-commerce. Continued investment in technology and operational efficiency will be key to sustained growth and profitability.
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Sources and Disclaimers
Data Sources:
- Company's official investor relations website
- SEC Filings (10-K, 10-Q)
- Financial news and analysis websites (e.g., Bloomberg, Reuters, Yahoo Finance)
- Industry research reports
Disclaimers:
This information is for informational purposes only and should not be considered investment advice. Financial data and market share estimates are subject to change and may vary depending on the source. Independent research and consultation with a qualified financial advisor are recommended before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Covenant Logistics Group, Inc.
Exchange NYSE | Headquaters Chattanooga, TN, United States | ||
IPO Launch date 1994-10-28 | Chairman of the Board & CEO Mr. David Ray Parker | ||
Sector Industrials | Industry Trucking | Full time employees 3100 | |
Full time employees 3100 | |||
Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. The Dedicated segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length using equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers' freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. The Warehousing segment provides day-to-day warehouse management services to customers, as well as shuttle and switching services related to shuttling containers and trailers. The company also engages in used equipment sales and leasing business. It serves transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in July 2020. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.
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