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CVLG 
Covenant Logistics Group, Inc. (CVLG)
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Upturn Advisory Summary
01/09/2026: 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 $32
1 Year Target Price $32
| 3 | Strong Buy |
| 0 | Buy |
| 1 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 62.86% | Avg. Invested days 49 | 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 01/09/2026 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 630.44M USD | Price to earnings Ratio 23.52 | 1Y Target Price 32 |
Price to earnings Ratio 23.52 | 1Y Target Price 32 | ||
Volume (30-day avg) 4 | Beta 1.21 | 52 Weeks Range 17.30 - 29.12 | Updated Date 01/9/2026 |
52 Weeks Range 17.30 - 29.12 | Updated Date 01/9/2026 | ||
Dividends yield (FY) 1.07% | Basic EPS (TTM) 1.07 |
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 23.52 | Forward PE 13 | Enterprise Value 925586240 | Price to Sales(TTM) 0.55 |
Enterprise Value 925586240 | Price to Sales(TTM) 0.55 | ||
Enterprise Value to Revenue 0.81 | Enterprise Value to EBITDA 6.6 | Shares Outstanding 20347178 | Shares Floating 14604258 |
Shares Outstanding 20347178 | Shares Floating 14604258 | ||
Percent Insiders 28.1 | Percent Institutions 68.62 |
Upturn AI SWOT
Covenant Logistics Group, Inc.
Company Overview
History and Background
Covenant Logistics Group, Inc., formerly Covenant Transportation Group, Inc., was founded in 1986. It has grown from a regional carrier to a diversified freight and logistics company. Key milestones include strategic acquisitions and expansions into various transportation and logistics services.
Core Business Areas
- Dedicated Services: Provides customized freight solutions for specific customer needs, often involving dedicated fleets and specialized equipment.
- Expedited Services: Focuses on time-sensitive freight requiring fast transit times and reliable delivery.
- Managed Services: Offers broader logistics management, including transportation planning, execution, and optimization for clients.
- Warehouse and Distribution: Provides warehousing, inventory management, and distribution services.
Leadership and Structure
The company is led by a management team with extensive experience in the transportation and logistics industry. The organizational structure is designed to support its diverse service offerings and customer relationships.
Top Products and Market Share
Key Offerings
- Dedicated Contract Carriage: A core offering where Covenant operates dedicated fleets for large clients. Competitors include XPO Logistics, JB Hunt, and Schneider National. Specific market share data for this niche is proprietary but a significant portion of their revenue.
- Expedited Freight: High-value, time-sensitive freight transportation. Competitors include dedicated expedited carriers and traditional LTL/FTL providers offering expedited options. Market share is difficult to pinpoint but is a growing segment.
- Managed Transportation Solutions: Comprehensive logistics services for clients. Competitors include 3PL giants like C.H. Robinson and global freight forwarders.
Market Dynamics
Industry Overview
The freight and logistics industry is highly competitive, driven by demand for efficient supply chains, e-commerce growth, and fluctuating fuel costs. Technology adoption, driver shortages, and regulatory changes are key influencing factors.
Positioning
Covenant Logistics Group, Inc. positions itself as a reliable provider of dedicated and expedited freight solutions, with a growing focus on managed services. Its competitive advantages lie in its strong customer relationships, specialized equipment, and commitment to service quality.
Total Addressable Market (TAM)
The US freight and logistics market is valued in the hundreds of billions of dollars annually. Covenant Logistics Group, Inc. operates within this massive TAM, primarily focusing on specific segments like dedicated contract carriage and expedited services, where it aims to capture a significant share of its niche.
Upturn SWOT Analysis
Strengths
- Strong customer relationships in dedicated and expedited sectors.
- Diversified service offerings.
- Experienced management team.
- Commitment to safety and service quality.
Weaknesses
- Vulnerability to economic downturns affecting freight volumes.
- Reliance on a skilled driver workforce, subject to shortages.
- Competition from larger, more diversified logistics players.
Opportunities
- Expansion of managed services and technology-enabled solutions.
- Growth in e-commerce driving demand for logistics services.
- Strategic acquisitions to broaden capabilities or market reach.
- Increased focus on sustainability and green logistics.
Threats
- Rising fuel costs and operating expenses.
- Increasing competition and pricing pressures.
- Stricter environmental and safety regulations.
- Labor shortages and rising driver wages.
Competitors and Market Share
Key Competitors
- XPO Logistics (XPO)
- JB Hunt Transport Services (JBHT)
- Schneider National (SNDR)
- Knight-Swift Transportation Holdings (KNX)
Competitive Landscape
Covenant Logistics Group, Inc. competes in a fragmented market. Its advantages lie in its specialized service focus, while disadvantages may stem from its smaller scale compared to some of the larger, more diversified competitors who can leverage economies of scale across a broader range of services.
Growth Trajectory and Initiatives
Historical Growth: The company has demonstrated growth through organic expansion and strategic acquisitions over the years, adapting to market demands.
Future Projections: Future growth projections are typically based on analyst estimates, considering industry trends, economic forecasts, and the company's strategic initiatives. These projections can vary.
Recent Initiatives: Recent initiatives may include investments in technology, fleet modernization, expansion of service offerings, and potential strategic partnerships or acquisitions aimed at enhancing efficiency and market presence.
Summary
Covenant Logistics Group, Inc. is a well-established player in the freight and logistics sector, particularly strong in dedicated and expedited services. Its diversified offerings and customer relationships are key strengths. However, it faces challenges from industry-wide issues like driver shortages and intense competition. Continued focus on managed services and technology adoption will be crucial for future growth and to navigate potential economic headwinds.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company's official investor relations website
- SEC filings (10-K, 10-Q)
- Reputable financial news outlets and data providers.
Disclaimers:
This information is for informational purposes only and does not constitute financial advice. Financial data and market share estimates are subject to change and may not be entirely precise. Investors should conduct their own due diligence.
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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