Covenant Logistics Group, Inc. (CVLG) Stock Price & Analysis
Covenant Logistics Group, Inc. (CVLG) closed at USD 29.77 on Thursday, October 22, 2026, down 0.43% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 29.9; the Oct 22, 2026 session ranged USD 29.61–30.48 on volume of 244,365 shares. Market capitalization is $755.50M, with a 52-week range of USD 18–49.88 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:21 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CVLG.md
Key facts (CVLG)
- Last four reported quarters (through Jun 30, 2026): revenue $1.23B, net income $3.8M (0.3% margin), free cash flow -$37.9M (SEC filings).
- Valuation: P/E 199.3x (avg 38.1x at the last 3 fiscal year-ends), EV/EBITDA 11.1x, net debt $286M.
- 2 of 80 tracked superinvestors hold CVLG (13F, Q2 2026): 1 new, 1 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 6 Form 4 filings, $2.3M; 3 not under a Rule 10b5-1 plan ($1.1M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (5 analysts), mean target USD 49.5 (range 42–56).
- Total return with dividends: 1Y +50.5% vs S&P 500 +14.9%; 5Y +127.7% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 0.43, revenue estimate $340M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CVLG)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.05B | $1.22B | $1.10B | $1.13B | $1.16B | $1.23B |
| Operating income | $67.2M | $121M | $58.8M | $44.8M | $2.9M | -$1.1M |
| Net income | $60.7M | $109M | $55.2M | $35.9M | $7.2M | $3.8M |
| EPS (diluted) | $0.89 | $3.50 | $2.00 | $1.30 | $0.27 | — |
| Free cash flow | $37.9M | $58.8M | -$133M | -$30.1M | -$33.9M | -$37.9M |
| Operating margin | 6.4% | 9.9% | 5.3% | 4.0% | 0.3% | -0.1% |
| Net margin | 5.8% | 8.9% | 5.0% | 3.2% | 0.6% | 0.3% |
| Revenue growth | — | +16.3% | -9.3% | +2.5% | +2.9% | — |
| Cash + short-term investments | $8.4M | $68.7M | $2.3M | $35.6M | $4.9M | — |
| Total debt | $26.1M | $109M | $245M | $251M | $298M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (CVLG)
P/E 199.3x · P/S 0.6x · EV/EBITDA 11.1x · EV/Sales 0.8x · P/B 1.8x · FCF yield -5.01% · Earnings yield 0.50% · Dividend yield (paid, TTM) 0.93% · Net debt $286M · EV $1.04B
P/E at fiscal year-ends: Dec 2025 81.9x, Dec 2024 21.0x, Dec 2023 11.5x.
Superinvestors (SEC 13F-HR, Q2 2026) (CVLG)
2 of 80 tracked investors hold CVLG. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.03% | $15.9M | Added +44.6% |
| Polen Capital | Polen Capital Management | 0.01% | $1.4M | New position |
Insider sales (SEC Form 4, open-market, last ~7 months) (CVLG)
3 of 6 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-01 | Ballard Joey | EVP, Chief People & Safety Off | 4,000 | $161K | 23.3% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-05-27 | Hogan Joey B | Director | 12,800 | $502K | 12.3% | No | Too little history (no open-market trades in 2025) |
| 2026-05-22…2026-05-26 | Ballard Joey | EVP, Chief People & Safety Off | 8,000 | $301K | 31.8% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-04-29 | Kramer D Michael | Director | 2,650 | $92K | 12.2% | No | Too little history (no open-market trades in 2023) |
| 2026-04-28 | Hogan Joey B | Director | 14,700 | $511K | 12.4% | No | Too little history (no open-market trades in 2025) |
| 2026-04-20 | Grant James S Iii | EVP and CFO | 22,388 | $688K | 51.7% | Yes (adopted November 21, 2025) | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (CVLG)
Consensus Buy (mean 2.00 on a 1–5 scale), 5 analysts; mean target USD 49.5 (low 42, high 56).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-05 | TD Cowen | Target lowered | Buy | $43 → $42 |
| 2026-08-20 | Baird | Initiated | Outperform | $50 |
| 2026-07-31 | Stephens & Co. | Target lowered | Overweight | $60 → $54 |
| 2026-07-15 | Citizens | Initiated | Market Outperform | $60 |
| 2026-07-08 | Stephens & Co. | Initiated | Overweight | $60 |
Total return (dividends reinvested) (CVLG)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +50.5% | +127.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +50.8% | +17.9% |
| Volatility (annualized) | 40.1% | 39.6% |
| Max drawdown | -41.4% (Jul 2026→Oct 2026) | -39.7% (Nov 2021→Apr 2022) |
CVLG revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Dedicated | $112.4M | 33.8% | +9.9% |
| Managed Freight | $99.5M | 29.9% | +28.4% |
| Expedited | $93.4M | 28.1% | -4.0% |
| Warehousing | $26.9M | 8.1% | +4.5% |
| Total revenue | $332.9M | 100% | — |
CVLG revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Cargo & Freight | $294.7M | 88.5% | +6.6% |
| Fuel Surcharge | $38.2M | 11.5% | +45.0% |
| Total revenue | $332.9M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
CVLG suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | AAT Carriers | “Our Expedited reportable segment has historically experienced a greater reduction in first quarter demand than our other operations, however, this trend has lessened following the growth of AAT, which is part of the Expedited reportable segment, and our work with long-term customers to improve the stability of contracted capacity in our Expedited fleet.” |
Quoted from the company's 10-K filed Feb 27, 2026.
CVLG company outlook (results filed Jul 29, 2026)
- “For the third quarter of 2026, we expect a modest sequential increase to earnings per share as anticipated operating margin improvement is partially offset by the absence of higher TEL equipment sales, lower income tax rate, and interest income that benefitted the second quarter.”
Quoted word-for-word from the SEC 8-K results press release.
CVLG analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.43 | $0.52 | -17.7% | $340.1M | 4 |
| Next quarter (ends Dec 2026) | $0.51 | $0.54 | -5.4% | $337.2M | 4 |
| Current fiscal year (ends Dec 2026) | $1.62 | $1.76 | -8.0% | $1.32B | 4 |
| Next fiscal year (ends Dec 2027) | $2.64 | $2.86 | -7.9% | $1.44B | 4 |
CVLG options: expected move
Options price a move of about ±8.4% (±$2.50) by Nov 20, 2026, which includes earnings on Oct 29, 2026. Over the last 8 reports the stock moved ±6.8% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 37.0% | ±8.4% |
| Dec 18, 2026 | 56 | 36.9% | ±11.7% |
| Mar 19, 2027 | 147 | 39.3% | ±19.9% |
| Jun 17, 2027 | 237 | 41.2% | ±26.4% |
30-day implied volatility 37% vs 29% realized over the last 30 trading days. Put/call ratio (volume) 3.83. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:21 UTC)
| Price | USD 29.77 |
|---|---|
| Change | ▼ 0.43% (down) |
| Previous Close | USD 29.9 |
| Open | USD 29.74 |
| Day Range | USD 29.61 – 30.48 |
| 52-Week Range | USD 18 – 49.88 |
| Volume | 244,365 shares |
| Market Cap | $755.50M |
| Exchange | NYQ |
Technical Analysis (CVLG)
Nexqual's technical model rates CVLG "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:21 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 30.11 (neutral) |
| vs SMA50 | Below (USD 33.55) |
| MACD | -1.26 (negative) |
Analyst Ratings (CVLG)
Wall Street analysts rate CVLG "Buy" based on 5 analysts, with a mean price target of USD 49.5 (range USD 42–56), per Nexqual as of October 23, 2026 at 09:21 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 5 |
| Mean Target | USD 49.5 |
| High Target | USD 56 |
| Low Target | USD 42 |
| Buy / Hold / Sell | 4 / 1 / 0 |
Earnings (CVLG)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 0.43 |
| Revenue Estimate | $340.07M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.42 vs est 0.43 ▼ miss |
| 2026-03-31 | USD 0.26 vs est 0.24 ▲ beat |
| 2025-12-31 | USD 0.31 vs est 0.33 ▼ miss |
| 2025-09-30 | USD 0.44 vs est 0.44 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Financials & Fundamentals (CVLG)
| Total Revenue | $1.23B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +9.90% |
| Gross Margin | +20.26% |
| Operating Margin | +2.84% |
| Profit Margin | +0.31% |
| ROE | +0.23% |
| Debt / Equity | 0.79 |
| Current Ratio | 1.14 |
| Total Cash | $2.62M |
| Total Debt | $324.43M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$37.86M (-3.1% of revenue) |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Financial Health Score (CVLG)
Nexqual rates Covenant Logistics Group, Inc.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 09:21 UTC.
| Growth | Mixed — Revenue +2.9% YoY (annual), slow |
|---|---|
| Profitability | Weak — Gross margin 20%, operating 3% (last 12 months) |
| Balance Sheet | Mixed — $3M cash and investments vs $289M debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$38M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Weak — ROE 0%, ROA 1.1% |
Ownership (CVLG)
| Insider Ownership | +25.97% |
|---|---|
| Institutional Ownership | +73.72% |
| Shares Outstanding | 20.68M |
| Float | 15.32M |
| Short % of Float | +7.55% |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Leadership (CVLG)
Covenant Logistics Group, Inc. is led by David Ray Parker, Founder, CEO & Chairman, per Nexqual as of October 23, 2026 at 09:21 UTC.
| Founder, CEO & Chairman | David Ray Parker |
|---|---|
| President | M. Paul Bunn |
| Executive VP, CFO and Principal Financial & Accounting Officer | James S. Grant |
| Exceutive VP & COO | Dustin Koehl |
| Executive VP & Director | Joey B. Hogan |
Major Backers & Investors (CVLG)
Notable institutional backers of Covenant Logistics Group, Inc. include T. Rowe Price, American Century Companies Inc, Patton Albertson Miller Group, LLC, according to Nexqual as of October 23, 2026 at 09:21 UTC.
Active Investors
| Investor | Stake |
|---|---|
| T. Rowe Price | 5.09% |
| American Century Companies Inc | 4.16% |
| Patton Albertson Miller Group, LLC | 2.83% |
| Next Century Growth Investors LLC | 2.67% |
| DFA INVESTMENT DIMENSIONS GROUP INC-U.S. Small Cap Value Portfolio | 1.85% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 9.82% |
| Dimensional Fund Advisors | 6.48% |
| Vanguard Group | 3.28% |
| State Street | 2.15% |
| Geode Capital | 1.88% |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
From Covenant Logistics Group, Inc.'s Latest SEC 10-K Filing (filed 2026-02-27)
Key Strengths & Strategy (as disclosed to the SEC)
- We purchase and deploy technology that we believe will allow us to operate more safely, securely, and efficiently.
- Our combined asset based and non-asset based capabilities, allow us to transport many types of freight for a diverse customer base.
- Our baseline expectation for net capital equipment expenditures in 2026 is $40 million to $50 million and reflects our priorities of growing our dedicated footprint, maintaining the average age of our fleet in a manner that allows us to optimize operational uptime and related operating costs, and offering a fleet of equipment that our professional drivers are proud to operate.
Legal & Regulatory Risks (Item 1A, quoted)
- Litigation may adversely affect our business, financial condition, and results of operations.
- The outcome of litigation, particularly class action lawsuits and regulatory actions, is difficult to assess or quantify, and the magnitude of the potential loss relating to such lawsuits may remain unknown for substantial periods of time.
- We self-insure for a significant portion of our claims and have exposure outside of our insurance coverage, which could significantly increase the volatility of, and decrease the amount of, our earnings.
- Our self-insurance for auto liability claims and our use of a captive insurance company could adversely impact our operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| HTLD | Heartland Express, Inc. | USD 10.29 | ▲ 0.29% |
| MRTN | Marten Transport, Ltd. | USD 12.3 | ▼ 2.84% |
| ULH | Universal Logistics Holdings, I | USD 17.35 | ▲ 4.33% |
| WERN | Werner Enterprises, Inc. | USD 29.18 | ▼ 2.34% |
| ARCB | ArcBest Corporation | USD 130.3 | ▼ 0.39% |
| RXO | RXO, Inc. | USD 28.92 | ▲ 0.49% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:21 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt