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Covenant Logistics Group, Inc. (CVLG)

Industrials | Trucking | Chattanooga, United States | NYSE
46.22 USD +0.11 (0.239%) ⇧ (July 13, 2026, 4 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★★★☆☆Dividends:★★☆☆☆
Hot Take | July 11, 2026, 3:57 a.m. EDT

The recent surge to a new 52-week high has created a precarious setup for Covenant Logistics. While the company shows signs of operational recovery with revenue growing 14% and a forward P/E that is finally reasonable at 16x, the balance sheet remains a significant overhang. With debt-to-equity exceeding 70% and negative free cash flow, the stock is trading on the promise of future profitability rather than current cash generation. The massive disconnect between the trailing P/E of 512x and the forward P/E of 16x suggests the market is pricing in a complete turnaround, which is a binary bet. Options flow confirms this anxiety, with traders buying deep protection against a potential reversal. Until the company demonstrates sustained positive free cash flow and stabilizes its debt load, the risk-reward profile remains skewed toward caution, making this a volatile speculative play rather than a core holding.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL_97 ✓0.276578
AutoTheta0.283206
MSTL0.288202
AutoETS0.294591
AutoARIMA0.294680

Forecast horizon: 60 days | Selected: MSTL_97

Forecast Reliability
Score 40%
H-stat 11.46
Ljung-Box p 0.000
Jarque-Bera p 0.075
Excess Kurtosis -1.26
Attribute Value
Sector Industrials
Ex Dividend Date 2026-06-04
Last Dividend Date 2026-06-04
Debt to Equity Ratio 71.576
Revenue per Share 47.551
Market Cap 1,163,403,136
Trailing P/E 513.56
Forward P/E 16.31
Beta 1.30
Profit Margins 0.42%
Website https://www.covenantlogistics.com

As of July 11, 2026, 3:57 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put volume at strikes significantly below current price (17.5, 20, 35), suggesting a fear of a sharp downside correction or a 'blow-off top' scenario. Conversely, call activity is sparse and concentrated near the money or slightly in-the-money, indicating a lack of aggressive bullish momentum despite the recent rally. Implied volatility is elevated on the near-term puts relative to calls, reflecting asymmetric risk pricing.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.16% 1.04% 0.99%
Dividend History
Date Dividend Yield %
2026-06-05 0.0700 0.160846
2026-03-06 0.0700 0.266059
2025-12-05 0.0700 0.322284
2025-09-05 0.0700 0.292520
2025-06-06 0.0700 0.307557
2025-03-07 0.0700 0.283057
2024-12-06 0.0550 0.193458
2024-09-06 0.0550 0.217908
2024-06-07 0.0550 0.230077
2024-02-29 0.0550 0.225965
2023-11-30 0.0550 0.258398
2023-08-31 0.0550 0.223714
2023-06-01 0.0550 0.284753
2023-03-02 0.0550 0.309076
2022-12-01 0.0400 0.208442
2022-09-01 0.0400 0.280210
2022-06-02 0.0315 0.266836
2022-03-03 0.0315 0.282892
Additional Data
dividendRate 0.28
dividendYield 0.61
exDividendDate 2026-06-05
trailingAnnualDividendRate 0.28
trailingAnnualDividendYield 0.0060724355
lastDividendValue 0.07
lastDividendDate 2026-06-05
dividendDate 2026-06-26

Info Dump

Attribute Value
52 Week Change 0.8451381
Address1 400 Birmingham Highway
All Time High 47.24
All Time Low 0.68
Ask 46.78
Ask Size 400
Audit Risk 3
Average Analyst Rating 1.7 - Buy
Average Daily Volume10 Day 176,300
Average Daily Volume3 Month 195,200
Average Volume 195,200
Average Volume10Days 176,300
Beta 1.299
Bid 0.0
Bid Size 100
Board Risk 9
Book Value 16.244
City Chattanooga
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 1
Country United States
Crypto Tradeable 0
Currency USD
Current Price 46.22
Current Ratio 1.044
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 47.1699
Day Low 46.16
Debt To Equity 71.576
Display Name Covenant Logistics
Dividend Date 1,782,432,000
Dividend Rate 0.28
Dividend Yield 0.61
Earnings Call Timestamp End 1,785,441,600
Earnings Call Timestamp Start 1,785,441,600
Earnings Growth -0.292
Earnings Quarterly Growth -0.327
Earnings Timestamp 1,785,355,200
Earnings Timestamp End 1,785,355,200
Earnings Timestamp Start 1,785,355,200
Ebitda 116,497,000
Ebitda Margins 0.09689999
Enterprise To Ebitda 12.394
Enterprise To Revenue 1.201
Enterprise Value 1,443,907,072
Eps Current Year 1.71667
Eps Forward 2.83333
Eps Trailing Twelve Months 0.09
Esg Populated 0
Ex Dividend Date 1,780,617,600
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 40.0962
Fifty Day Average Change 6.123802
Fifty Day Average Change Percent 0.15272775
Fifty Two Week Change Percent 84.51381
Fifty Two Week High 47.24
Fifty Two Week High Change -1.0200005
Fifty Two Week High Change Percent -0.02159188
Fifty Two Week Low 18.0
Fifty Two Week Low Change 28.220001
Fifty Two Week Low Change Percent 1.5677779
Fifty Two Week Range 18.0 - 47.24
Financial Currency USD
First Trade Date Milliseconds 783,351,000,000
Float Shares 15,118,199
Forward Eps 2.83333
Forward P E 16.312962
Free Cashflow -18,909,750
Full Exchange Name NYSE
Full Time Employees 2,900
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.21168
Gross Profits 254,496,992
Has Pre Post Market Data 1
Held Percent Insiders 0.26237
Held Percent Institutions 0.72830003
Implied Shares Outstanding 25,170,989
Industry Trucking
Industry Disp Trucking
Industry Key trucking
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,780,617,600
Last Dividend Value 0.07
Last Fiscal Year End 1,767,139,200
Last Split Date 1,735,776,000
Last Split Factor 2:1
Long Business Summary Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. The Dedicated segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length using equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers' freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. The Warehousing segment provides day-to-day warehouse management services to customers, as well as shuttle and switching services related to shuttling containers and trailers. The company also engages in used equipment sales and leasing business. It serves transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in May 2007. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.
Long Name Covenant Logistics Group, Inc.
Market us_market
Market Cap 1,163,403,136
Market State PRE
Max Age 86,400
Message Board Id finmb_336548
Most Recent Quarter 1,774,915,200
Net Income To Common 2,267,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 1,160,634,302
Number Of Analyst Opinions 2
Open 46.23
Operating Cashflow 117,781,000
Operating Margins 0.02262
Overall Risk 6
Payout Ratio 3.1111
Phone 423 821 1212
Pre Market Change 0.2199974
Pre Market Change Percent 0.4759788
Pre Market Price 46.44
Pre Market Time 1,784,016,089
Previous Close 46.11
Price Eps Current Year 26.92422
Price Hint 2
Price To Book 2.8453584
Price To Sales Trailing12 Months 0.9676657
Profit Margins 0.00424
Quick Ratio 0.879
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 1.66667
Region US
Regular Market Change 0.110001
Regular Market Change Percent 0.238561
Regular Market Day High 47.1699
Regular Market Day Low 46.16
Regular Market Day Range 46.16 - 47.1699
Regular Market Open 46.23
Regular Market Previous Close 46.11
Regular Market Price 46.22
Regular Market Time 1,783,972,803
Regular Market Volume 127,056
Return On Assets 0.01352
Return On Equity 0.00533
Revenue Growth 0.14
Revenue Per Share 47.551
Sand P52 Week Change 0.20847368
Sector Industrials
Sector Disp Industrials
Sector Key industrials
Share Holder Rights Risk 9
Shares Outstanding 20,470,989
Shares Percent Shares Out 0.0233
Shares Short 586,523
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 616,637
Short Name Covenant Logistics Group, Inc.
Short Percent Of Float 0.0341
Short Ratio 2.79
Source Interval 15
State TN
Symbol CVLG
Target High Price 60.0
Target Low Price 43.0
Target Mean Price 51.5
Target Median Price 51.5
Total Cash 11,245,000
Total Cash Per Share 0.447
Total Debt 291,748,992
Total Revenue 1,202,278,016
Tradeable 0
Trailing Annual Dividend Rate 0.28
Trailing Annual Dividend Yield 0.0060724355
Trailing Eps 0.09
Trailing P E 513.55554
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 28.4359
Two Hundred Day Average Change 17.784101
Two Hundred Day Average Change Percent 0.6254102
Type Disp Equity
Volume 127,056
Website https://www.covenantlogistics.com
Zip 37,419