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CVLGCovenant Logistics Group, Inc.
$34.15$859M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
CVLG logo

Covenant Logistics Group, Inc.

CVLG
NASDAQ · Trucking
$34.15
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$859M
P/E126.5x
52W High$49.88
Volume122.48K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Revenue Acceleration Masks Severe Margin Erosion and Cash Burn

Covenant Logistics is experiencing a revenue growth acceleration to 9.9% year-over-year, but this top-line momentum is being achieved through margin sacrifice, with gross margins contracting 820 basis points to 7.9% over the past year. The company's heavy inve...

GrowthAccelerating
ProfitabilityStrained
ValuationAttractive
TechnicalsMixed
Explore valuation models
MARKET ACTION

CVLG price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

+237% Peers

P/E is 237% above peer median

03

Market leadership

RS 58 · Avg

Average momentum (RS Rating: 58)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Oct 29

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CVLG+54.08%
S&P 500 (^GSPC)+12.39%
1-Year Return
CVLG+56.93%
S&P 500 (^GSPC)+15.77%
3-Year Return
CVLG+59.07%
S&P 500 (^GSPC)+75.38%
5-Year Return
CVLG+149.28%
S&P 500 (^GSPC)+64.31%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
126.5x
Forward P/EExpansion
19.9x
EV/EBITDA100th %ile
10.5x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
126.5x
11.5x
100th· High
EV/EBITDA
10.5x
7.2x
100th· High
Price/FCF
N/A
11.9x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$7.56-77.9%
Base (Fair)$22.99-50.8%
Bull$31.27-8.4%
$7.56 Bear$22.99 Base$31.27 Bull
Current Market Price: $34.15
Trades at a 48.5% premium to Base DCF ($22.99)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.16B+2.9% YoY
Net income
$7M-79.8% YoY
Free cash flow
-$34M-12.8% YoY
Operating margin
1.2%-2.8 pts YoY
ROIC (TTM)1.5%
Avg ROIC 5Y-
ROE (TTM)1.7%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (42%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 29, 2026
$0.42-1.2%
vs $0.42
$333M-0.4%
vs $334M
Q2 2026
Apr 23, 2026
$0.26-25.7%
vs $0.35
$307M+6.6%
vs $288M
Q1 2026
Jan 29, 2026
-$0.73-317.8%
vs $0.34
$295M+0.8%
vs $293M
Q1 2026
Jan 22, 2026
$0.31-8.8%
vs $0.34
$295M+0.8%
vs $293M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
MarketBeat·Aug 29, 2026
Covenant Logistics Eyes Higher-Return Growth as Freight Markets Recover

Covenant Logistics Group NYSE: CVLG is pursuing a strategy centered on higher-return freight, diversified operations and disciplined capital allocation as freight-market conditions improve, Chief Financial Officer Tripp Grant said during a presentation hosted by Three Part Advisors.

Zacks Investment Research·Aug 20, 2026
Implied Volatility Surging for Covenant Logistics Group Stock Options

Investors need to pay close attention to CVLG stock based on the movements in the options market lately.

GlobeNewsWire·Aug 17, 2026
Covenant Logistics Group Announces Quarterly Cash Dividend

CHATTANOOGA, Tenn., Aug. 17, 2026 (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 4, 2026, and is expected to be paid on September 25, 2026.

Zacks Investment Research·Aug 12, 2026
Is Covenant Logistics Group (CVLG) a Great Value Stock Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Filtered for Covenant Logistics Group, Inc.More Headlines
04

Compare before deciding

Benchmark CVLG against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Covenant Logistics Group, Inc. (CVLG)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CVLG logoCVLGCovenant Logistics Group, Inc.Current
$34.15$859.1M126.482.92%0.62%1.72%0.84%
WERN logoWERNWerner Enterprises, Inc.
$34.41$2.06B-143.38-1.84%-1.42%-3.31%—
HTLD logoHTLDHeartland Express, Inc.
$11.68$905.08M-17.43-23.08%-2.98%-2.89%—
MRTN logoMRTNMarten Transport, Ltd.
$13.17$1.07B62.71-8.31%1.47%1.65%—
SNDR logoSNDRSchneider National, Inc.
$32.22$5.64B54.617.25%1.92%3.68%—
KNX logoKNXKnight-Swift Transportation Holdings Inc.
$67.17$10.91B163.830.8%0.56%0.61%—

Compare CVLG vs Peers

Covenant Logistics Group, Inc. (CVLG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WERN

Most directly comparable listed peer for CVLG.

Scale Benchmark

vs UBER

Larger-name benchmark to compare CVLG against a more recognizable public peer.

Peer Set

Compare Top 5

vs WERN, HTLD, MRTN, SNDR

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CVLG SEC Filings & Documents

Covenant Logistics Group, Inc. (CVLG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 17, 2026·SEC

Material company update

Aug 7, 2026·SEC

Material company update

Jul 29, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 28, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 7, 2026·SEC

FY 2026

May 7, 2026·SEC

FY 2025

Nov 7, 2025·SEC

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CVLG Frequently Asked Questions

Covenant Logistics Group, Inc. (CVLG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Covenant Logistics Group, Inc.'s revenue?

Covenant Logistics Group, Inc. (CVLG) reported $1.23B in revenue for fiscal year 2025. This represents a 422% increase from $236.3M in 1996.

How fast is Covenant Logistics Group, Inc. growing?

Covenant Logistics Group, Inc. (CVLG) grew revenue by 2.9% over the past year. Growth has been modest.

Is CVLG profitable?

Yes, Covenant Logistics Group, Inc. (CVLG) is profitable, generating $3.8M in net income for fiscal year 2025 (0.6% net margin).

Dividend & Returns
Does CVLG pay dividends?

Yes, Covenant Logistics Group, Inc. (CVLG) pays a dividend with a yield of 0.84%. This makes it attractive for income-focused investors.

What is CVLG's return on equity?

Covenant Logistics Group, Inc. (CVLG) has a return on equity (ROE) of 1.7%. This is below average, suggesting room for improvement.

What is Covenant Logistics Group, Inc.'s free cash flow?

Covenant Logistics Group, Inc. (CVLG) generated $109.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in CVLG back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →