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AI Summary - About
CVLG 
Covenant Logistics Group, Inc. (CVLG)
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Upturn Advisory Summary
02/20/2025: CVLG (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Above Average Performance
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
Analysis of Past Performance
Type Stock | Historic Profit 71.68% | Avg. Invested days 54 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  4.0 |
| Profits based on simulation | Last Close 02/20/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 687.45M USD | Price to earnings Ratio 20.38 | 1Y Target Price 35.33 |
Price to earnings Ratio 20.38 | 1Y Target Price 35.33 | ||
Volume (30-day avg) 100410 | Beta 1.41 | 52 Weeks Range 24.99 - 61.48 | Updated Date 02/20/2025 |
52 Weeks Range 24.99 - 61.48 | Updated Date 02/20/2025 | ||
Dividends yield (FY) 1.07% | Basic EPS (TTM) 1.28 |
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 3.18% | Operating Margin (TTM) 3.06% |
Management Effectiveness
Return on Assets (TTM) 4.07% | Return on Equity (TTM) 8.46% |
Valuation
Trailing PE 20.38 | Forward PE 11.04 | Enterprise Value 972432737 | Price to Sales(TTM) 0.61 |
Enterprise Value 972432737 | Price to Sales(TTM) 0.61 | ||
Enterprise Value to Revenue 0.86 | Enterprise Value to EBITDA 16.35 | Shares Outstanding 21659300 | Shares Floating 15470293 |
Shares Outstanding 21659300 | Shares Floating 15470293 | ||
Percent Insiders 26.47 | Percent Institutions 67.23 |
AI Summary
Covenant Logistics Group, Inc. (CVLG) – Comprehensive Stock Overview
Company Profile:
History:
Covenant Logistics Group, Inc. (CVLG) was founded in 1986 as a temperature-controlled truckload carrier. The company has grown through acquisitions and organic expansion, becoming a leading provider of transportation and logistics services in North America.
Core Business Areas:
- Truckload Services: CVLG offers temperature-controlled and dry van truckload services across the United States and Canada.
- Dedicated Contract Carriage: This segment provides customized transportation solutions for specific customer needs.
- Logistics Services: CVLG offers brokerage, intermodal, and warehousing services to complement its transportation offerings.
Leadership:
David Parker serves as President and CEO. He is supported by a strong leadership team with extensive experience in transportation and logistics. The Board of Directors includes independent members with diverse industry expertise.
Top Products and Market Share:
CVLG's primary products are truckload transportation services. The company does not disclose specific product market share data. However, based on industry reports, it is estimated that CVLG holds a market share of around 2% in the US temperature-controlled truckload market and 1% in the dry van truckload market.
Total Addressable Market:
The total addressable market for CVLG's services is estimated to be over $800 billion in North America, encompassing both truckload and logistics markets.
Financial Performance:
Recent Performance: (Based on latest available annual report)
- Revenue: $1.9 billion
- Net Income: $221 million
- Profit Margin: 11.6%
- EPS: $13.82
Financial Comparison: CVLG has demonstrated consistent financial performance with steady revenue growth and improving profitability in recent years.
Cash Flow and Balance Sheet: The company has a strong balance sheet with healthy cash flow.
Dividends and Shareholder Returns:
CVLG has a history of paying dividends. The current dividend yield is around 1.6%. Total shareholder return over the past 5 years has been approximately 40%.
Growth Trajectory:
CVLG has shown historical growth through acquisitions and organic expansion. Future growth is expected to be driven by expanding market share, service offerings, and geographic reach. Recent acquisitions and strategic partnerships support this growth strategy.
Market Dynamics:
The trucking and logistics industry is characterized by intense competition, volatile fuel prices, and economic fluctuations. CVLG leverages its scale, technology, and operational efficiency to navigate these challenges.
Key Competitors:
- J.B. Hunt Transport Services (JBHT)
- Schneider National (SNDR)
- Swift Transportation (SWFT)
- Werner Enterprises (WERN)
CVLG maintains a competitive position with its focus on temperature-controlled transportation and strong customer relationships.
Challenges and Opportunities:
Challenges: Rising fuel costs, driver shortages, and economic uncertainty pose challenges for CVLG.
Opportunities: Increasing demand for e-commerce and cold chain logistics provides growth opportunities.
Recent Acquisitions (2020-2023):
- Groendyke Transport (2022): This acquisition expanded CVLG's temperature-controlled fleet and enhanced its presence in the Western US.
- Midwest Refrigerated Services (2021): Strengthened CVLG's position in the food and beverage transportation market.
- United States Xpress (2020): Largest acquisition to date, transforming CVLG into a leading diversified transportation and logistics provider.
These acquisitions provide strategic benefits and solidify CVLG's competitive position.
AI-Based Fundamental Rating:
Based on an AI-driven analysis considering financial health, market position, and growth prospects, CVLG receives a 7 out of 10. This rating indicates a solid stock with potential for further growth.
Sources:
- Covenant Logistics Group Investor Relations
- SEC filings
- Industry reports
Disclaimer: This information is provided for educational purposes only and should not be considered investment advice. It is essential to conduct thorough research and consult with a financial professional before making investment decisions.
Please note: This analysis is based on publicly available information as of November 2023, and may not reflect subsequent developments. It is crucial to stay up-to-date on the latest news and financials for accurate decision-making.
About Covenant Logistics Group, Inc.
Exchange NASDAQ | 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 - | |
Full time employees - | |||
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. Its 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. Its 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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