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 to customers 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 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. The segment also provides shuttle and switching services 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. As of December 31, 2020, it operated 2,461 tractors and 5,647 trailers. 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.
IPO Year:
Exchange: NASDAQ
Website: covenanttransport.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/25/2025 | $31.00 → $30.00 | Buy | TD Cowen |
| 1/25/2024 | $51.00 → $66.00 | Market Perform → Outperform | TD Cowen |
| 1/23/2024 | $70.00 | Buy | Vertical Research |
| 1/10/2023 | Underperform → Peer Perform | Wolfe Research | |
| 4/14/2022 | $40.00 → $21.00 | Outperform → Market Perform | Cowen |
| 4/1/2022 | $30.00 → $25.00 | Overweight → Equal-Weight | Stephens |
| 1/6/2022 | $23.00 | Peer Perform → Underperform | Wolfe Research |
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4 - COVENANT LOGISTICS GROUP, INC. (0000928658) (Issuer)
4 - COVENANT LOGISTICS GROUP, INC. (0000928658) (Issuer)
4 - COVENANT LOGISTICS GROUP, INC. (0000928658) (Issuer)
4 - COVENANT LOGISTICS GROUP, INC. (0000928658) (Issuer)
4 - COVENANT LOGISTICS GROUP, INC. (0000928658) (Issuer)
4 - COVENANT LOGISTICS GROUP, INC. (0000928658) (Issuer)
4 - COVENANT LOGISTICS GROUP, INC. (0000928658) (Issuer)
4 - COVENANT LOGISTICS GROUP, INC. (0000928658) (Issuer)
4 - COVENANT LOGISTICS GROUP, INC. (0000928658) (Issuer)
4 - COVENANT LOGISTICS GROUP, INC. (0000928658) (Issuer)
8-K - COVENANT LOGISTICS GROUP, INC. (0000928658) (Filer)
8-K - COVENANT LOGISTICS GROUP, INC. (0000928658) (Filer)
10-Q - COVENANT LOGISTICS GROUP, INC. (0000928658) (Filer)
8-K - COVENANT LOGISTICS GROUP, INC. (0000928658) (Filer)
11-K - COVENANT LOGISTICS GROUP, INC. (0000928658) (Filer)
8-K - COVENANT LOGISTICS GROUP, INC. (0000928658) (Filer)
10-Q - COVENANT LOGISTICS GROUP, INC. (0000928658) (Filer)
8-K - COVENANT LOGISTICS GROUP, INC. (0000928658) (Filer)
PRE 14A - COVENANT LOGISTICS GROUP, INC. (0000928658) (Filer)
10-K - COVENANT LOGISTICS GROUP, INC. (0000928658) (Filer)
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TD Cowen reiterated coverage of Covenant Logistics with a rating of Buy and set a new price target of $30.00 from $31.00 previously
TD Cowen upgraded Covenant Logistics from Market Perform to Outperform and set a new price target of $66.00 from $51.00 previously
Vertical Research initiated coverage of Covenant Logistics with a rating of Buy and set a new price target of $70.00
Wolfe Research upgraded Covenant Logistics from Underperform to Peer Perform
Cowen downgraded Covenant Logistics from Outperform to Market Perform and set a new price target of $21.00 from $40.00 previously
Stephens downgraded Covenant Logistics from Overweight to Equal-Weight and set a new price target of $25.00 from $30.00 previously
Wolfe Research downgraded Covenant Logistics Group from Peer Perform to Underperform and set a new price target of $23.00
Stifel resumed coverage of Covenant Logistics with a rating of Hold and set a new price target of $25.00
Cowen reiterated coverage of Covenant Logistics with a rating of Outperform and set a new price target of $40.00 from $32.00 previously
Cowen reiterated coverage of Covenant Logistics with a rating of Outperform and set a new price target of $30.00 from $25.00 previously
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CHATTANOOGA, Tenn., Oct. 22, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE:CVLG) ("Covenant" or the "Company") announced today financial and operating results for the third quarter ended September 30, 2025. The Company's conference call to discuss the quarter will be held at 10:00 A.M. Eastern Time on Thursday, October 23, 2025. Chairman and Chief Executive Officer, David R. Parker, commented: "Our third quarter results of $0.35 per diluted share, or $0.44 per diluted share on a non-GAAP adjusted basis, reflect essentially flat year-over-year performance in our asset-light business units and lower performance in our Truckload business units, mainly attributable to higher c
CHATTANOOGA, Tenn., Oct. 01, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE:CVLG) announced its plans to release its third quarter earnings after 4:00 p.m. Eastern time on Wednesday, October 22, 2025. Covenant Logistics Group, Inc. will hold a live conference call to discuss its third quarter earnings release on Thursday, October 23, 2025, at 10:00 a.m. Eastern time. Individuals with questions may dial in at 877-550-1505 (U.S./Canada) and 0800-524-4760 (International). An audio replay will be available for one week following the call at 800-645-7964, access code 3895#. In addition, you will be able to listen to the audio replay for an extended period of time on our investor
CHATTANOOGA, Tenn., Aug. 15, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE:CVLG) ("Covenant" or the "Company") announced today that its board of directors has declared a quarterly cash dividend of $0.07 per share of Class A and Class B common stock. The quarterly cash dividend is payable to stockholders of record on September 5, 2025, and is expected to be paid on September 26, 2025. The quarterly cash dividend is pursuant to a cash dividend program previously approved by the Company's board of directors. The actual declaration of future cash dividends, and the establishment of record and payment dates is subject to final determination by the board of directors eac
CHATTANOOGA, Tenn., July 23, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE:CVLG) ("Covenant" or the "Company") announced today financial and operating results for the second quarter ended June 30, 2025. The Company's conference call to discuss the quarter will be held at 10:00 A.M. Eastern Time on Thursday, July 24, 2025. Chairman and Chief Executive Officer, David R. Parker, commented: "We are pleased to report second quarter earnings of $0.36 per diluted share or $0.45 per diluted share on a non-GAAP adjusted basis. "The highlight of our second quarter's results was year-over-year freight revenue growth of 7.8% to $276.5 million, an all-time high for any quarter in
CHATTANOOGA, Tenn., July 01, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE:CVLG) announced its plans to release its second quarter earnings after 4:00 p.m. Eastern time on Wednesday, July 23, 2025. Covenant Logistics Group, Inc. will hold a live conference call to discuss its second quarter earnings release on Thursday, July 24, 2025, at 10:00 a.m. Eastern time. Individuals with questions may dial in at 877-550-1505 (U.S./Canada) and 0800-524-4760 (International). An audio replay will be available for one week following the call at 800-645-7964, access code 3895#. In addition, you will be able to listen to the audio replay for an extended period of time on our investor webs
CHATTANOOGA, Tenn., May 16, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE:CVLG) ("Covenant" or the "Company") announced today that its board of directors has declared a quarterly cash dividend of $0.07 per share of Class A and Class B common stock. The quarterly cash dividend is payable to stockholders of record on June 6, 2025, and is expected to be paid on June 27, 2025. The quarterly cash dividend is pursuant to a cash dividend program previously approved by the Company's board of directors. The actual declaration of future cash dividends, and the establishment of record and payment dates is subject to final determination by the board of directors each quarter. About C
CHATTANOOGA, Tenn., April 23, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE:CVLG) ("Covenant" or the "Company") announced today financial and operating results for the first quarter ended March 31, 2025. The Company's conference call to discuss the quarter will be held at 10:00 A.M. Eastern Time on Thursday, April 24, 2025. Chairman and Chief Executive Officer, David R. Parker, commented: "Our first quarter earnings were $0.24 per diluted share or $0.32 per diluted share on a non-GAAP adjusted basis. The decrease in adjusted earnings per share compared with the first quarter of 2024 resulted primarily from sub-par equipment utilization due to prolonged inclement weather co
CHATTANOOGA, Tenn., April 01, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE:CVLG) announced its plans to release its first quarter earnings after 4:00 p.m. Eastern time on Wednesday, April 23, 2025. Covenant Logistics Group, Inc. will hold a live conference call to discuss its first quarter earnings release on Thursday, April 24, 2025, at 10:00 a.m. Eastern time. Individuals with questions may dial in at 877-550-1505 (U.S./Canada) and 0800-524-4760 (International). An audio replay will be available for one week following the call at 800-645-7964, access code 3895#. In addition, you will be able to listen to the audio replay for an extended period of time on our investor web
CHATTANOOGA, Tenn. and GREENEVILLE, Tenn., March 11, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics is proud to recognize Landair, a Covenant Logistics Group Company, and AAT Carriers, a Covenant Logistics Group Company, for their selection as 2025 TCA Elite Fleet Certified Carriers by the Truckload Carriers Association (TCA). This prestigious certification acknowledges top-tier truckload carriers who set the industry standard in workplace culture, driver satisfaction, compensation, benefits, safety, and operational excellence. The TCA Elite Fleet program, developed in collaboration with the University of Denver's Transportation & Supply Chain Institute, highlights carriers that provide ex
CHATTANOOGA, Tenn., Feb. 14, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE:CVLG) ("Covenant" or the "Company") announced today that its board of directors has declared a quarterly cash dividend of $0.07 per share of Class A and Class B common stock. The quarterly cash dividend is payable to stockholders of record on March 7, 2025, and is expected to be paid on March 28, 2025. The quarterly cash dividend is pursuant to a cash dividend program previously approved by the Company's board of directors. The actual declaration of future cash dividends, and the establishment of record and payment dates is subject to final determination by the board of directors each quarter.
Live Leadership Updates
CHATTANOOGA, Tenn., April 29, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ:CVLG) ("Covenant" or the "Company") today announced Dustin Koehl has been appointed as the Company's Chief Operating Officer, effective May 13, 2024. Mr. Koehl has over 17 years of transportation experience, including senior leadership positions in operations and sales. Chairman and Chief Executive Officer, David R. Parker, commented: "We are blessed to have Dustin join our leadership team. I believe Dustin's operational and sales experience, including his 12 year tenure at Total Transportation of Mississippi, will strengthen our leadership team. I look forward to Dustin and the rest of the leade
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CHATTANOOGA, Tenn., Oct. 22, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE:CVLG) ("Covenant" or the "Company") announced today financial and operating results for the third quarter ended September 30, 2025. The Company's conference call to discuss the quarter will be held at 10:00 A.M. Eastern Time on Thursday, October 23, 2025. Chairman and Chief Executive Officer, David R. Parker, commented: "Our third quarter results of $0.35 per diluted share, or $0.44 per diluted share on a non-GAAP adjusted basis, reflect essentially flat year-over-year performance in our asset-light business units and lower performance in our Truckload business units, mainly attributable to higher c
CHATTANOOGA, Tenn., Oct. 01, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE:CVLG) announced its plans to release its third quarter earnings after 4:00 p.m. Eastern time on Wednesday, October 22, 2025. Covenant Logistics Group, Inc. will hold a live conference call to discuss its third quarter earnings release on Thursday, October 23, 2025, at 10:00 a.m. Eastern time. Individuals with questions may dial in at 877-550-1505 (U.S./Canada) and 0800-524-4760 (International). An audio replay will be available for one week following the call at 800-645-7964, access code 3895#. In addition, you will be able to listen to the audio replay for an extended period of time on our investor
CHATTANOOGA, Tenn., Aug. 15, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE:CVLG) ("Covenant" or the "Company") announced today that its board of directors has declared a quarterly cash dividend of $0.07 per share of Class A and Class B common stock. The quarterly cash dividend is payable to stockholders of record on September 5, 2025, and is expected to be paid on September 26, 2025. The quarterly cash dividend is pursuant to a cash dividend program previously approved by the Company's board of directors. The actual declaration of future cash dividends, and the establishment of record and payment dates is subject to final determination by the board of directors eac
CHATTANOOGA, Tenn., July 23, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE:CVLG) ("Covenant" or the "Company") announced today financial and operating results for the second quarter ended June 30, 2025. The Company's conference call to discuss the quarter will be held at 10:00 A.M. Eastern Time on Thursday, July 24, 2025. Chairman and Chief Executive Officer, David R. Parker, commented: "We are pleased to report second quarter earnings of $0.36 per diluted share or $0.45 per diluted share on a non-GAAP adjusted basis. "The highlight of our second quarter's results was year-over-year freight revenue growth of 7.8% to $276.5 million, an all-time high for any quarter in
CHATTANOOGA, Tenn., July 01, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE:CVLG) announced its plans to release its second quarter earnings after 4:00 p.m. Eastern time on Wednesday, July 23, 2025. Covenant Logistics Group, Inc. will hold a live conference call to discuss its second quarter earnings release on Thursday, July 24, 2025, at 10:00 a.m. Eastern time. Individuals with questions may dial in at 877-550-1505 (U.S./Canada) and 0800-524-4760 (International). An audio replay will be available for one week following the call at 800-645-7964, access code 3895#. In addition, you will be able to listen to the audio replay for an extended period of time on our investor webs
CHATTANOOGA, Tenn., May 16, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE:CVLG) ("Covenant" or the "Company") announced today that its board of directors has declared a quarterly cash dividend of $0.07 per share of Class A and Class B common stock. The quarterly cash dividend is payable to stockholders of record on June 6, 2025, and is expected to be paid on June 27, 2025. The quarterly cash dividend is pursuant to a cash dividend program previously approved by the Company's board of directors. The actual declaration of future cash dividends, and the establishment of record and payment dates is subject to final determination by the board of directors each quarter. About C
CHATTANOOGA, Tenn., April 23, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE:CVLG) ("Covenant" or the "Company") announced today financial and operating results for the first quarter ended March 31, 2025. The Company's conference call to discuss the quarter will be held at 10:00 A.M. Eastern Time on Thursday, April 24, 2025. Chairman and Chief Executive Officer, David R. Parker, commented: "Our first quarter earnings were $0.24 per diluted share or $0.32 per diluted share on a non-GAAP adjusted basis. The decrease in adjusted earnings per share compared with the first quarter of 2024 resulted primarily from sub-par equipment utilization due to prolonged inclement weather co
CHATTANOOGA, Tenn., April 01, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE:CVLG) announced its plans to release its first quarter earnings after 4:00 p.m. Eastern time on Wednesday, April 23, 2025. Covenant Logistics Group, Inc. will hold a live conference call to discuss its first quarter earnings release on Thursday, April 24, 2025, at 10:00 a.m. Eastern time. Individuals with questions may dial in at 877-550-1505 (U.S./Canada) and 0800-524-4760 (International). An audio replay will be available for one week following the call at 800-645-7964, access code 3895#. In addition, you will be able to listen to the audio replay for an extended period of time on our investor web
CHATTANOOGA, Tenn., Feb. 14, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE:CVLG) ("Covenant" or the "Company") announced today that its board of directors has declared a quarterly cash dividend of $0.07 per share of Class A and Class B common stock. The quarterly cash dividend is payable to stockholders of record on March 7, 2025, and is expected to be paid on March 28, 2025. The quarterly cash dividend is pursuant to a cash dividend program previously approved by the Company's board of directors. The actual declaration of future cash dividends, and the establishment of record and payment dates is subject to final determination by the board of directors each quarter.
CHATTANOOGA, Tenn., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE:CVLG) ("Covenant" or the "Company") announced today financial and operating results for the fourth quarter ended December 31, 2024. The Company's conference call to discuss the quarter will be held at 10:00 A.M. Eastern Time on Friday, January 24, 2025. All references made to share or per share amounts in this press release have been retroactively adjusted to reflect the effects of our recent 2-for-1 stock split. Chairman and Chief Executive Officer, David R. Parker, commented: "We are pleased to report fourth quarter earnings of $0.24 per diluted share and non-GAAP adjusted earnings of $0.49 per di
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