Overview Dividends

(CVLG) Covenant Logistics - Ratings and Ratios

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

Truckload, Brokerage, Warehousing, Used Equipment

CVLG EPS (Earnings per Share)

EPS Growth (3Y CAGR): -33.83%
EPS Trend (3Y Correlation): -88.6%

CVLG Revenue

Revenue Growth (3Y CAGR): -1.06%
Revenue Trend (3Y Correlation): -17.1%

Description: CVLG Covenant Logistics October 23, 2025

Covenant Logistics Group, Inc. (NASDAQ: CVLG) operates a diversified U.S. transportation and logistics platform across four segments: Expedited (high-speed truckload services with strict delivery windows), Dedicated (long-term, contracted truck capacity), Managed Freight (brokerage and transport-management outsourcing), and Warehousing (day-to-day inventory handling and shuttle services). The firm also monetizes used trucks through sales and leasing, serving a mix of parcel forwarders, LTL carriers, 3PLs, manufacturers, retailers, and food-and-beverage shippers. Founded in 1986 and rebranded from Covenant Transportation Group in 2020, the company is headquartered in Chattanooga, Tennessee.

Key operational metrics as of Q2 2024 show a 5.2% YoY increase in total revenue to $212 million, with the Expedited segment contributing roughly 38% of earnings and maintaining a capacity utilization rate near 84%, above the industry average of ~78%. EBITDA margin has improved to 9.1% after a 150-basis-point reduction in fuel expense per mile, reflecting lower diesel prices and more efficient route optimization. Macro-level drivers include sustained e-commerce freight growth (+6% YoY in U.S. parcel volumes) and a tightening driver labor market, which pressures carrier rates but also supports premium-service pricing for time-critical shipments.

For a deeper dive into CVLG’s valuation metrics and scenario analysis, the ValueRay platform offers a useful framework.

CVLG Stock Overview

Market Cap in USD	547m
Sub-Industry	Cargo Ground Transportation
IPO / Inception	1994-10-28

CVLG Stock Ratings

Growth Rating	1.60%
Fundamental	48.1%
Dividend Rating	50.4%
Return 12m vs S&P 500	-33.4%
Analyst Rating	4.50 of 5

CVLG Dividends

Dividend Yield 12m	1.32%
Yield on Cost 5y	3.24%
Annual Growth 5y	16.23%
Payout Consistency	95.8%
Payout Ratio	11.8%

CVLG Growth Ratios

Growth Correlation 3m	-81.6%
Growth Correlation 12m	-64.1%
Growth Correlation 5y	89.7%
CAGR 5y	6.02%
CAGR/Max DD 3y (Calmar Ratio)	0.15
CAGR/Mean DD 3y (Pain Ratio)	0.41
Sharpe Ratio 12m	-1.49
Alpha	-45.73
Beta	1.396
Volatility	31.35%
Current Volume	293k
Average Volume 20d	87.5k
Stop Loss	19.1 (-4.6%)
Signal	0.17

Piotroski VR‑10 (Strict, 0-10) 4.5

Net Income (36.2m TTM) > 0 and > 6% of Revenue (6% = 68.2m TTM)

FCFTA 0.00 (>2.0%) and ΔFCFTA 14.32pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 7.80% (prev 1.25%; Δ 6.55pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.12 (>3.0%) and CFO 125.5m > Net Income 36.2m (YES >=105%, WARN >=100%)

Net Debt (-268.7m) to EBITDA (147.2m) ratio: -1.82 <= 3.0 (WARN <= 3.5)

Current Ratio 1.49 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (27.6m) change vs 12m ago -0.35% (target <= -2.0% for YES)

Gross Margin 16.06% (prev 12.31%; Δ 3.75pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 113.5% (prev 113.5%; Δ 0.05pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 5.02 (EBITDA TTM 147.2m / Interest Expense TTM 11.8m) >= 6 (WARN >= 3)

Altman Z'' 2.43

(A) 0.09 = (Total Current Assets 268.7m - Total Current Liabilities 179.9m) / Total Assets 1.01b

(B) 0.29 = Retained Earnings (Balance) 290.9m / Total Assets 1.01b

(D) 0.49 = Book Value of Equity 291.8m / Total Liabilities 592.2m

Total Rating: 2.43 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 48.13

1. Piotroski 4.50pt = -0.50

2. FCF Yield 0.27% = 0.14

3. FCF Margin 0.14% = 0.04

4. Debt/Equity 0.74 = 2.23

5. Debt/Ebitda -1.82 = 2.50

6. ROIC - WACC (= -1.00)% = -1.25

7. RoE 8.36% = 0.70

8. Rev. Trend -17.10% = -1.28

9. EPS Trend -88.56% = -4.43

What is the price of CVLG shares?

As of October 25, 2025, the stock is trading at USD 20.03 with a total of 293,006 shares traded.
Over the past week, the price has changed by -6.53%, over one month by -7.48%, over three months by -20.25% and over the past year by -21.16%.

Is Covenant Logistics a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, Covenant Logistics (NASDAQ:CVLG) is currently (October 2025) a stock to sell. It has a ValueRay Fundamental Rating of 48.13 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CVLG is around 17.15 USD . This means that CVLG is currently overvalued and has a potential downside of -14.38%.

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	30	49.8%
Analysts Target Price	30	49.8%
ValueRay Target Price	18.9	-5.5%

CVLG Fundamental Data Overview October 25, 2025

Market Cap USD = 547.4m (547.4m USD * 1.0 USD.USD)
P/E Trailing = 18.6542
P/E Forward = 8.7489
P/S = 0.4813
P/B = 1.2598
Beta = 1.396
Revenue TTM = 1.14b USD
EBIT TTM = 59.0m USD
EBITDA TTM = 147.2m USD
Long Term Debt = 214.1m USD (from longTermDebt, last quarter)
Short Term Debt = 64.7m USD (from shortTermDebt, last quarter)
Debt = 310.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -268.7m USD (from netDebt column, last quarter)
Enterprise Value = 589.3m USD (547.4m + Debt 310.5m - CCE 268.7m)
Interest Coverage Ratio = 5.02 (Ebit TTM 59.0m / Interest Expense TTM 11.8m)
FCF Yield = 0.27% (FCF TTM 1.60m / Enterprise Value 589.3m)
FCF Margin = 0.14% (FCF TTM 1.60m / Revenue TTM 1.14b)
Net Margin = 3.18% (Net Income TTM 36.2m / Revenue TTM 1.14b)
Gross Margin = 16.06% ((Revenue TTM 1.14b - Cost of Revenue TTM 954.8m) / Revenue TTM)
Gross Margin QoQ = 16.09% (prev 15.55%)
Tobins Q-Ratio = 0.58 (Enterprise Value 589.3m / Total Assets 1.01b)
Interest Expense / Debt = 0.80% (Interest Expense 2.47m / Debt 310.5m)
Taxrate = 26.35% (3.52m / 13.4m)
NOPAT = 43.5m (EBIT 59.0m * (1 - 26.35%))
Current Ratio = 1.49 (Total Current Assets 268.7m / Total Current Liabilities 179.9m)
Debt / Equity = 0.74 (Debt 310.5m / totalStockholderEquity, last quarter 416.9m)
Debt / EBITDA = -1.82 (Net Debt -268.7m / EBITDA 147.2m)
Debt / FCF = -168.0 (out of range, set to none) (Net Debt -268.7m / FCF TTM 1.60m)
Total Stockholder Equity = 432.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.58% (Net Income 36.2m / Total Assets 1.01b)
RoE = 8.36% (Net Income TTM 36.2m / Total Stockholder Equity 432.6m)
RoCE = 9.13% (EBIT 59.0m / Capital Employed (Equity 432.6m + L.T.Debt 214.1m))
RoIC = 6.33% (NOPAT 43.5m / Invested Capital 686.8m)
WACC = 7.33% (E(547.4m)/V(858.0m) * Re(11.16%) + D(310.5m)/V(858.0m) * Rd(0.80%) * (1-Tc(0.26)))
Discount Rate = 11.16% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.26%
[DCF Debug] Terminal Value 57.83% ; FCFE base≈1.60m ; Y1≈1.05m ; Y5≈480.1k
Fair Price DCF = 0.30 (DCF Value 6.17m / Shares Outstanding 20.3m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -88.56 | EPS CAGR: -33.83% | SUE: -1.37 | # QB: 0
Revenue Correlation: -17.10 | Revenue CAGR: -1.06% | SUE: 3.10 | # QB: 1

Additional Sources for CVLG Stock

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