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General information


Sector: Trucking

Covenant Transportation Group, Inc., together with its subsidiaries, provides truckload transportation and brokerage services primarily in the continental United States. It offers expedited and dedicated services. The company also provides ancillary services, including freight brokerage and logistics services, warehousing, and accounts receivable factoring; and over-the-road truckload services, as well as transportation management, shuttle, and switching services. It serves transportation companies, such as freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. As of December 31, 2018, the company operated 3,154 tractors and 6,950 trailers. Covenant Transportation Group, Inc. was founded in 1986 and is headquartered in Chattanooga, Tennessee.
  • Dividend yield for the last twelve months 0.9%
  • Free cash flow yield -1.0% (LTM)
  • Share price is 158.9% higher than minimum and 11.3% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (2.8x vs

Key Financials (Download financials)

Ticker: CVLG
Share price, USD:  (+1.5%)35.42
year average price 30.39  

year start price 20.54 2022-04-02

min close price 18.04 2022-04-14

max close price 39.91 2022-11-18

current price 35.42 2023-04-01
Common stocks: 13 544 000

Dividend Yield:  0.9%
FCF Yield LTM: -1.0%
EV / EBITDA annualized: 4.6x
Target EV / EBITDA (hist percentile):
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 480
Net Debt ($m): 76
EV (Enterprise Value): 556
EBITDA LTM ($m): 201
Price to Book: 1.3x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF / Free Cash Flow ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / LTM EBITDA and 75% percentile

Potential dynamics



Covenant Logistics Group, Inc. Announces Timing Of First Quarter Earnings Release And Conference Call

2023-01-26Seeking Alpha

Covenant Logistics Group (CVLG) Q4 2022 Earnings Call Transcript


Covenant optimistic this time is different; stock falls 20% on wonky Q4

2023-01-26The Motley Fool

Why Covenant Logistics Stock Is Down Today


Covenant misses expectations in noisy Q4

2023-01-25Zacks Investment Research

Covenant Logistics (CVLG) Q4 Earnings Lag Estimates

2023-01-18Zacks Investment Research

What's in the Cards for Covenant (CVLG) in Q4 Earnings?


Covenant Logistics Group, Inc. Announces Timing of Fourth Quarter Earnings Release and Conference Call

2022-12-30Zacks Investment Research

Here is What to Know Beyond Why Covenant Logistics Group, Inc. (CVLG) is a Trending Stock

2022-12-15Zacks Investment Research

Is Trending Stock Covenant Logistics Group, Inc. (CVLG) a Buy Now?
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