Overview Dividends

(CVLG) Covenant Logistics - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US22284P1057

Expedited, Dedicated, Brokerage, Warehousing, Used Equipment

Cargo Ground Transportation
Market Cap in USD: 618m

IPO / Inception: 1994-10-28
Return 12m vs S&P 500: -20.6%

EPS (Earnings per Share)

EPS CAGR: -21.10%
EPS Trend: -87.0%

Last SUE: -1.37
Qual. Beats: 0

Revenue

Rev. CAGR: 0.24%
Rev. Trend: -28.4%

Last SUE: 0.66
Qual. Beats: 0

Dividends

Dividend Yield	1.11%
Yield on Cost 5y	3.73%
Yield CAGR 5y	-0.59%
Payout Consistency	99.0%
Payout Ratio	16.5%

Risk via 5d forecast
Volatility	35.7%
Value at Risk 5%th	53.6%
Relative Tail Risk	-8.67%

Reward TTM
Sharpe Ratio	-0.04
Alpha	-26.39
CAGR/Max DD	0.31

Character TTM
Hurst Exponent	0.388
Beta	1.211
Beta Downside	1.086

Drawdowns 3y
Max DD	41.26%
Mean DD	16.00%
Median DD	15.87%

Description: CVLG Covenant Logistics December 26, 2025

Covenant Logistics Group, Inc. (NASDAQ: CVLG) operates four core segments in U.S. transportation and logistics: Expedited (high-speed truckload with tight delivery windows), Dedicated (long-term, contracted capacity using owned or leased assets), Managed Freight (brokerage and transport-management services outsourced to third parties), and Warehousing (day-to-day storage, shuttle, and container-switching services). The firm also monetizes used equipment through sales and leasing.

In FY 2023 the company reported revenue of roughly $1.1 billion, with an operating margin near 5% and a truck-capacity utilization rate of about 85%-both metrics that tend to track closely with the Freightos Baltic Spot Index and overall e-commerce freight demand. Macro-level drivers include a tight driver labor market, sustained demand for time-critical shipments, and modestly rising fuel prices, which together influence pricing power and cost structure across all segments.

Founded in 1986 and headquartered in Chattanooga, Tennessee, Covenant rebranded from Covenant Transportation Group to Covenant Logistics Group in July 2020 to reflect its expanded service portfolio beyond pure trucking, positioning the firm to capture growth in integrated logistics solutions for manufacturers, retailers, and food-and-beverage shippers.

For a deeper quantitative dive into CVLG’s valuation dynamics, you might explore the data-rich analysis tools available on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (32.2m TTM) > 0 and > 6% of Revenue (6% = 68.8m TTM)

FCFTA -0.03 (>2.0%) and ΔFCFTA 7.35pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 6.62% (prev 1.78%; Δ 4.84pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.11 (>3.0%) and CFO 110.0m > Net Income 32.2m (YES >=105%, WARN >=100%)

Net Debt (-268.3m) to EBITDA (140.2m) ratio: -1.91 <= 3.0 (WARN <= 3.5)

Current Ratio 1.39 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (27.2m) change vs 12m ago -2.32% (target <= -2.0% for YES)

Gross Margin 15.69% (prev 14.96%; Δ 0.73pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 112.7% (prev 111.7%; Δ 0.92pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 4.18 (EBITDA TTM 140.2m / Interest Expense TTM 12.0m) >= 6 (WARN >= 3)

Altman Z'' 2.29

(A) 0.07 = (Total Current Assets 268.3m - Total Current Liabilities 192.4m) / Total Assets 1.03b

(B) 0.29 = Retained Earnings (Balance) 298.2m / Total Assets 1.03b

(D) 0.50 = Book Value of Equity 299.1m / Total Liabilities 601.9m

Total Rating: 2.29 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 43.63

1. Piotroski 5.0pt

2. FCF Yield -4.63%

3. FCF Margin -2.66%

4. Debt/Equity 0.73

5. Debt/Ebitda -1.91

6. ROIC - WACC (= -1.56)%

7. RoE 7.48%

8. Rev. Trend -28.39%

9. EPS Trend -86.96%

What is the price of CVLG shares?

As of January 09, 2026, the stock is trading at USD 25.17 with a total of 128,388 shares traded.
Over the past week, the price has changed by +12.87%, over one month by +16.80%, over three months by +14.57% and over the past year by -6.03%.

Is CVLG a buy, sell or hold?

Covenant Logistics has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy CVLG.

Strong Buy: 3
Buy: 0
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the CVLG price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	31	23.2%
Analysts Target Price	31	23.2%
ValueRay Target Price	27.5	9.1%

CVLG Fundamental Data Overview January 08, 2026

P/E Trailing = 23.0467
P/E Forward = 12.987
P/S = 0.5388
P/B = 1.4577
Beta = 1.212
Revenue TTM = 1.15b USD
EBIT TTM = 50.3m USD
EBITDA TTM = 140.2m USD
Long Term Debt = 203.9m USD (from longTermDebt, last quarter)
Short Term Debt = 75.8m USD (from shortTermDebt, last quarter)
Debt = 309.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -268.3m USD (from netDebt column, last quarter)
Enterprise Value = 658.4m USD (617.7m + Debt 309.1m - CCE 268.3m)
Interest Coverage Ratio = 4.18 (Ebit TTM 50.3m / Interest Expense TTM 12.0m)
FCF Yield = -4.63% (FCF TTM -30.5m / Enterprise Value 658.4m)
FCF Margin = -2.66% (FCF TTM -30.5m / Revenue TTM 1.15b)
Net Margin = 2.81% (Net Income TTM 32.2m / Revenue TTM 1.15b)
Gross Margin = 15.69% ((Revenue TTM 1.15b - Cost of Revenue TTM 966.5m) / Revenue TTM)
Gross Margin QoQ = 14.29% (prev 16.09%)
Tobins Q-Ratio = 0.64 (Enterprise Value 658.4m / Total Assets 1.03b)
Interest Expense / Debt = 1.12% (Interest Expense 3.47m / Debt 309.1m)
Taxrate = 22.05% (1.77m / 8.04m)
NOPAT = 39.2m (EBIT 50.3m * (1 - 22.05%))
Current Ratio = 1.39 (Total Current Assets 268.3m / Total Current Liabilities 192.4m)
Debt / Equity = 0.73 (Debt 309.1m / totalStockholderEquity, last quarter 423.7m)
Debt / EBITDA = -1.91 (Net Debt -268.3m / EBITDA 140.2m)
Debt / FCF = 8.80 (negative FCF - burning cash) (Net Debt -268.3m / FCF TTM -30.5m)
Total Stockholder Equity = 430.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.17% (Net Income 32.2m / Total Assets 1.03b)
RoE = 7.48% (Net Income TTM 32.2m / Total Stockholder Equity 430.6m)
RoCE = 7.93% (EBIT 50.3m / Capital Employed (Equity 430.6m + L.T.Debt 203.9m))
RoIC = 5.72% (NOPAT 39.2m / Invested Capital 685.3m)
WACC = 7.28% (E(617.7m)/V(926.8m) * Re(10.48%) + D(309.1m)/V(926.8m) * Rd(1.12%) * (1-Tc(0.22)))
Discount Rate = 10.48% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.48%
Fair Price DCF = unknown (Cash Flow -30.5m)
EPS Correlation: -86.96 | EPS CAGR: -21.10% | SUE: -1.37 | # QB: 0
Revenue Correlation: -28.39 | Revenue CAGR: 0.24% | SUE: 0.66 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.35 | Chg30d=N/A | Revisions Net=-1 | Analysts=2
EPS next Year (2026-12-31): EPS=2.08 | Chg30d=+0.000 | Revisions Net=-3 | Growth EPS=+31.1% | Growth Revenue=+6.0%

Additional Sources for CVLG Stock

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