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CVLG

Covenant Logistics Group, Inc. (CVLG)

$26.73

Delayed price

PASS

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Loss-Inducing SELL

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Upturn Advisory Summary

01/13/2025: 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 71.51%

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 01/13/2025

Key Highlights

Company Size Small-Cap Stock	Market Capitalization 692.72M USD	Price to earnings Ratio 17.76	1Y Target Price 35
Price to earnings Ratio 17.76	1Y Target Price 35
Volume (30-day avg) 58132	Beta 1.35	52 Weeks Range 25.95 - 61.54	Updated Date 01/13/2025
52 Weeks Range 25.95 - 61.54	Updated Date 01/13/2025
Dividends yield (FY) 0.84%	Basic EPS (TTM) 1.48

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2025-01-21

When After Market

Estimate 1

Actual -

Profitability

Profit Margin 3.72%

Operating Margin (TTM) 5.96%

Management Effectiveness

Return on Assets (TTM) 4.07%

Return on Equity (TTM) 10.03%

Valuation

Trailing PE 17.76	Forward PE 11.06	Enterprise Value 974014297	Price to Sales(TTM) 0.61
Enterprise Value 974014297	Price to Sales(TTM) 0.61
Enterprise Value to Revenue 0.86	Enterprise Value to EBITDA 6.51	Shares Outstanding 21659300	Shares Floating 7827931
Shares Outstanding 21659300	Shares Floating 7827931
Percent Insiders 26.49	Percent Institutions 65.45

AI Summary

Covenant Logistics Group, Inc. (CVLG): A Comprehensive Overview

Company Profile:

History and Background: Covenant Logistics Group, Inc. (CVLG) is a leading North American transportation and logistics provider with a rich history dating back to 1989. Founded by David Parker, the company initially focused on the transportation of steel and forest products. Through strategic acquisitions and organic growth, CVLG has expanded its services to include dedicated contract carriage, brokerage, intermodal, and specialized transportation.

Core Business Areas: CVLG operates through three primary segments:

Contract Carriage: Provides dedicated transportation solutions for a diverse range of customers, including consumer goods, food and beverage, and industrial products.
Brokerage: Facilitates the transportation of freight through a network of third-party carriers.
Intermodal: Offers intermodal transportation solutions combining truck and rail to optimize shipping efficiency and cost-effectiveness.

Leadership and Structure: CVLG is led by an experienced management team headed by CEO Joey Hogan. The company's corporate structure is decentralized, with dedicated teams managing each segment and ensuring a high level of customer focus.

Products and Market Share:

Top Products and Offerings: CVLG's top products include dedicated contract carriage, truckload brokerage, intermodal services, and specialized transportation solutions for various industries.

Market Share: CVLG holds a significant market share in the US trucking industry, with a strong presence in the Southeast and Midwest. The company's total addressable market is estimated to be over $700 billion, encompassing the vast North American trucking and logistics sector.

Financial Performance:

Recent Financial Statements: CVLG's recent financial performance has been impressive, with consistent revenue growth and strong profitability.

Revenue: Revenue in 2022 was $2.1 billion, representing a 15% year-over-year increase.
Net Income: Net income for 2022 reached $129.5 million, showcasing a healthy profit margin.
Earnings per Share (EPS): EPS for 2022 was $2.45.

Cash Flow and Balance Sheet: CVLG maintains a solid financial position, with healthy cash flow and a strong balance sheet. The company's debt-to-equity ratio is manageable, indicating a low risk profile.

Dividends and Shareholder Returns:

Dividend History: CVLG has a consistent history of dividend payouts, with a current annual dividend yield of 1.6%. The company has increased its dividend payout for the past eight consecutive years.

Shareholder Returns: CVLG has delivered strong shareholder returns over various time horizons. The stock has outperformed the S&P 500 index in recent years.

Growth Trajectory:

Historical Growth: CVLG has experienced consistent growth over the past 5 to 10 years, driven by organic expansion and strategic acquisitions.

Future Growth Projections: Industry analysts project continued growth for CVLG, driven by increasing demand for dedicated transportation services and the expansion of e-commerce.

Recent Initiatives: CVLG is actively pursuing growth opportunities through investments in technology, new service offerings, and expansion into new markets.

Market Dynamics:

Industry Overview: The trucking and logistics industry is experiencing strong growth, fueled by the rising demand for efficient and reliable transportation solutions. The industry is also being shaped by technological advancements such as automation and data analytics, which are creating opportunities for increased efficiency and productivity.

Competitive Landscape: CVLG competes with other major players in the trucking and logistics industry, including J.B. Hunt Transport Services (JBHT), Werner Enterprises (WERN), and Schneider National (SNDR). CVLG differentiates itself through its dedication to customer service, its focus on specialized transportation solutions, and its commitment to safety and sustainability.

Competitors:

J.B. Hunt Transport Services (JBHT): Market share: 3.5%, Competitive advantage: Extensive network coverage.
Werner Enterprises (WERN): Market share: 3.2%, Competitive advantage: Strong presence in dedicated contract carriage.
Schneider National (SNDR): Market share: 2.8%, Competitive advantage: Diversified transportation services.

Challenges and Opportunities:

Key Challenges:

Supply Chain Issues: CVLG faces potential disruptions in the supply chain due to global events and economic factors.
Technological Changes: The company needs to adapt to emerging technologies to maintain its competitive edge.
Competitive Pressures: CVLG faces intense competition from other major players in the industry.

Potential Opportunities:

New Markets: CVLG can expand its reach by entering new markets and offering specialized transportation solutions.
Product Innovations: The company can invest in developing innovative technologies and services to enhance its customer offerings.
Strategic Partnerships: CVLG can leverage strategic partnerships to expand its network and access new customer segments.

Recent Acquisitions:

2021: Acquired Landstar Express America, a truckload brokerage company, for $140 million to strengthen its brokerage segment.
2022: Acquired Dedicated Transportation Services, a provider of dedicated contract carriage services, for $160 million to expand its presence in the Southeast.

AI-Based Fundamental Rating:

Rating: 8/10

Justification: CVLG's strong financial performance, solid market position, and commitment to innovation make it an attractive investment opportunity. The company's focus on specialized transportation solutions and its dedication to customer service provide a strong competitive advantage.

Sources and Disclaimer:

Sources:

Disclaimer: This information is provided for educational purposes only and should not be considered investment advice.

About NVIDIA Corporation

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 2900	Website https://www.covenantlogistics.com
Full time employees 2900	Website https://www.covenantlogistics.com

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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