Covenant Logistics Group Stock Today

CVLG Stock  USD 44.16  0.06  0.14%   

Performance

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Odds Of Distress

Less than 1

 
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Covenant Logistics is trading at 44.16 as of the 25th of April 2024. This is a -0.14 percent decrease since the beginning of the trading day. The stock's lowest day price was 43.03. Covenant Logistics has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Covenant Logistics Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
Business Domain
Transportation
IPO Date
28th of October 1994
Category
Industrials
Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee. Covenant Logistics operates under Trucking classification in the United States and is traded on NASDAQ Exchange. The company has 10.76 M outstanding shares of which 70.22 K shares are currently shorted by private and institutional investors with about 0.94 trading days to cover. More on Covenant Logistics Group

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Covenant Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Covenant Logistics' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Covenant Logistics or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
President COOPaul Bunn
Business ConcentrationGround Transportation, Transportation, Industrials, NASDAQ Composite, Industrials, Ground Transportation, Trucking, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering Covenant Logistics report their recommendations after researching Covenant Logistics' financial statements, talking to executives and customers, or listening in on Covenant Logistics' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Covenant Logistics. The Covenant consensus assessment is calculated by taking the average forecast from all of the analysts covering Covenant Logistics.
Financial Strength
Based on the key indicators related to Covenant Logistics' liquidity, profitability, solvency, and operating efficiency, Covenant Logistics Group is performing exceptionally good at this time. It has a great risk to report excellent financial results in May. Financial strength of Covenant Logistics is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.551.0988
Significantly Up
Very volatile
Gross Profit Margin0.09820.1034
Notably Down
Slightly volatile
Net Debt147.8 M291.2 M
Way Down
Very volatile
Total Current Liabilities110.4 M170.3 M
Way Down
Slightly volatile
Non Current Liabilities Total452.2 M430.7 M
Sufficiently Up
Slightly volatile
Total Assets519.8 MB
Way Down
Slightly volatile
Total Current Assets137.6 M185.9 M
Way Down
Slightly volatile
Total Cash From Operating Activities65.2 M84.8 M
Way Down
Slightly volatile
Covenant Logistics' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Covenant Logistics' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Covenant Logistics' financial leverage. It provides some insight into what part of Covenant Logistics' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Covenant Logistics' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Covenant Logistics deploys its capital and how much of that capital is borrowed.
Liquidity
Covenant Logistics cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 293.46 M in liabilities with Debt to Equity (D/E) ratio of 0.31, which is about average as compared to similar companies. Covenant Logistics has a current ratio of 1.13, suggesting that it is in a questionable position to pay out its financial obligations when due. Debt can assist Covenant Logistics until it has trouble settling it off, either with new capital or with free cash flow. So, Covenant Logistics' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Covenant Logistics sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Covenant to invest in growth at high rates of return. When we think about Covenant Logistics' use of debt, we should always consider it together with cash and equity.

Free Cash Flow

(126.13 Million)
Covenant Logistics Group (CVLG) is traded on NASDAQ Exchange in USA. It is located in 400 Birmingham Highway, Chattanooga, TN, United States, 37419 and employs 2,900 people. Covenant Logistics is listed under Ground Transportation category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 579.92 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Covenant Logistics's market, we take the total number of its shares issued and multiply it by Covenant Logistics's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Covenant Logistics conducts business under Ground Transportation sector and is part of Industrials industry. The entity has 10.76 M outstanding shares of which 70.22 K shares are currently shorted by private and institutional investors with about 0.94 trading days to cover. Covenant Logistics Group currently holds about 4.46 M in cash with 84.84 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.31.
Check Covenant Logistics Probability Of Bankruptcy
Ownership Allocation
Covenant Logistics retains a total of 10.76 Million outstanding shares. Over half of Covenant Logistics' outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Covenant Logistics. Please watch out for any change in the institutional holdings of Covenant Logistics as this could mean something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Covenant Ownership Details

Covenant Stock Price Odds Analysis

In reference to a normal probability distribution, the odds of Covenant Logistics jumping above the current price in 90 days from now is about 88.1%. The Covenant Logistics Group probability density function shows the probability of Covenant Logistics stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.4177 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Covenant Logistics will likely underperform. Additionally, covenant Logistics Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
  Odds Below 44.16HorizonTargetOdds Above 44.16
11.80%90 days
 44.16 
88.10%
Based on a normal probability distribution, the odds of Covenant Logistics to move above the current price in 90 days from now is about 88.1 (This Covenant Logistics Group probability density function shows the probability of Covenant Stock to fall within a particular range of prices over 90 days) .

Covenant Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Covenant Logistics that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Covenant Logistics' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Covenant Logistics' value.
InstituionRecorded OnShares
Millennium Management Llc2023-12-31
137.4 K
Charles Schwab Investment Management Inc2023-12-31
112.5 K
Bank Of New York Mellon Corp2023-12-31
109.8 K
American Century Companies Inc2023-12-31
107.7 K
Northern Trust Corp2023-12-31
85.9 K
Foundry Partners, Llc2023-12-31
73.6 K
Goldman Sachs Group Inc2023-12-31
73.3 K
Empowered Funds, Llc2023-12-31
73.3 K
Aqr Capital Management Llc2023-12-31
68.8 K
Blackrock Inc2023-12-31
1.1 M
Dimensional Fund Advisors, Inc.2023-12-31
785.9 K
View Covenant Logistics Diagnostics

Covenant Logistics Historical Income Statement

Covenant Logistics Group Income Statement is one of the three primary financial statements used for reporting Covenant's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Covenant Logistics revenue and expense. Covenant Logistics Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Covenant Logistics' Operating Income is most likely to increase significantly in the upcoming years. The Covenant Logistics' current EBIT is estimated to increase to about 48.5 M, while Interest Expense is projected to decrease to roughly 6.7 M. View More Fundamentals

Covenant Stock Against Markets

Picking the right benchmark for Covenant Logistics stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Covenant Logistics stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Covenant Logistics is critical whether you are bullish or bearish towards Covenant Logistics Group at a given time. Please also check how Covenant Logistics' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Covenant Logistics without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Covenant Logistics Corporate Management

Elected by the shareholders, the Covenant Logistics' board of directors comprises two types of representatives: Covenant Logistics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Covenant. The board's role is to monitor Covenant Logistics' management team and ensure that shareholders' interests are well served. Covenant Logistics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Covenant Logistics' outside directors are responsible for providing unbiased perspectives on the board's policies.
Matisse LongChief OfficerProfile
Samuel HoughExecutive OperationsProfile
Lynn DosterExecutive OperationsProfile
Troy RobertsonSenior CounselProfile
John TweedAdvisor CEOProfile
Joey BallardExecutive SafetyProfile

How to buy Covenant Stock?

Before investing in Covenant Logistics, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Covenant Logistics. To buy Covenant Logistics stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Covenant Logistics. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Covenant Logistics stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Covenant Logistics Group stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Covenant Logistics Group stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Covenant Logistics Group, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Covenant Stock please use our How to Invest in Covenant Logistics guide.

Already Invested in Covenant Logistics Group?

The danger of trading Covenant Logistics Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Covenant Logistics is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Covenant Logistics. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Covenant Logistics is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Covenant Logistics is a strong investment it is important to analyze Covenant Logistics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Covenant Logistics' future performance. For an informed investment choice regarding Covenant Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Covenant Logistics Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

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When running Covenant Logistics' price analysis, check to measure Covenant Logistics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Covenant Logistics is operating at the current time. Most of Covenant Logistics' value examination focuses on studying past and present price action to predict the probability of Covenant Logistics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covenant Logistics' price. Additionally, you may evaluate how the addition of Covenant Logistics to your portfolios can decrease your overall portfolio volatility.
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Is Covenant Logistics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Covenant Logistics. If investors know Covenant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Covenant Logistics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.122
Dividend Share
0.44
Earnings Share
3.95
Revenue Per Share
84.578
Quarterly Revenue Growth
(0.07)
The market value of Covenant Logistics is measured differently than its book value, which is the value of Covenant that is recorded on the company's balance sheet. Investors also form their own opinion of Covenant Logistics' value that differs from its market value or its book value, called intrinsic value, which is Covenant Logistics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Covenant Logistics' market value can be influenced by many factors that don't directly affect Covenant Logistics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Covenant Logistics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Covenant Logistics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Covenant Logistics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.