Covenant Logistics Group, Inc.CVLG

$42.63+0.36 (+0.85%)
NYSEIndustrials24:00 UTC

Company snapshot

Market Cap
$1B
Small-cap
+224%
2016 — today
10-Year Price
+348%
2016 — today
52-Week Range
$18.07$46.32
Current $42.63· 87%

Covenant Logistics Group, Inc. and its affiliated entities deliver extensive transportation and logistics solutions throughout the United States. The company's operations are divided into four main segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited division focuses on time-critical truckload services, maintaining strict delivery benchmarks, including the capability to cover 1,000 miles within 22 hours or meet precise 15-minute delivery windows. Its Dedicated segment offers clients committed truckload capacity for specific periods under contract, deploying either company-owned or leased equipment. Within the Managed Freight segment, the company provides brokerage services by enlisting third-party carriers to transport customer freight, and transport management services, where it manages logistics on a contractual basis for clients opting to outsource these functions. The Warehousing segment handles daily warehouse management for its customers, alongside offering shuttle and switching services for containers and trailers. Furthermore, Covenant Logistics engages in the sale and leasing of used equipment. Its diverse customer base includes various transportation businesses like parcel freight forwarders, less-than-truckload (LTL) carriers, and third-party logistics (3PL) providers, in addition to conventional truckload clients such as manufacturers, retailers, and food and beverage distributors. As of December 31, 2021, the company operated a fleet of 2,291 tractors and 5,331 trailers. Founded in 1986 and based in Chattanooga, Tennessee, the company changed its name from Covenant Transportation Group, Inc. to Covenant Logistics Group, Inc. in July 2020.

Valuation in context

P/E ratio
304.5
Near historic high
Near historic highs — last 10 years
P/B ratio
2.8
Near historic high
Near historic highs — last 10 years
EV / EBITDA
12.7
Near historic high
Near historic highs — last 10 years
Dividend Yield
0.7%
Historically low
Historically low relative to the last 10 years
FCF Yield
12.4%
Historically high
Historically high relative to the last 10 years
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