Covenant Logistics Group, Inc. logo

CVLGCovenant Logistics Group, Inc.

NYSE · Industrials · Trucking

$34.18

-$0.01 (-0.03%)

Covenant Logistics Group, Inc. (CVLG) is a trucking company listed on NYSE. It is led by David Ray Parker, based in 400 Birmingham Highway, Chattanooga, TN, United States, 37419, with about 2,900 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. 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 May 2007. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.

Net income was $9.1M. CVLG currently screens at market cap $1.10B and trailing P/E 483.6.

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About Covenant Logistics Group, Inc.

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 May 2007. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.

CVLG Key Statistics

Market Cap

$1.10B

Volume

166,992

Previous Close

$34.62

Day Range

$34.00$35.09

P/E Ratio

483.56

0

EPS

$1.30

Revenue

$0.00

Net Income

$35.92M

Gross Profit

$0.00

Free Cash Flow

$0.00

Dividend Yield

0.65%

Employees

2,900

CVLG Financials

Annual income statement in USD. Latest reported periods first.

CVLG annual income statement across FY2024, FY2023, FY2022, FY2021
LineFY2024FY2023FY2022FY2021
Revenue$0.00$0.00$0.00$0.00
Cost of Revenue$0.00$0.00$0.00$0.00
Gross Profit$0.00$0.00$0.00$0.00
Operating Income$0.00$0.00$0.00$0.00
Net Income$35.92M$55.23M$108.68M$60.73M
EPS (Diluted)$1.30$2.00$3.50$3.57

Total Assets

$997.57M

Total Debt

$0.00

Shareholders' Equity

$0.00

Cash & Equivalents

$35.62M

Operating Cash Flow

$122.89M

Free Cash Flow

$0.00

Covenant Logistics Group, Inc. Company Information

Founder, CEO & Chairman
David Ray Parker
Headquarters
400 Birmingham Highway, Chattanooga, TN, United States, 37419
Phone
423 821 1212
IPO / Founded
1994-10-28
Industry
Trucking
Data Updated:

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