CVLG
IndustrialsCovenant Logistics Group, Inc. · Trucking · $940M
What is Covenant Logistics Group, Inc.?
Covenant Logistics Group is a Chattanooga-based transportation and logistics company serving manufacturers, retailers, food and beverage shippers, and third-party logistics providers across the United States. It operates across four distinct business segments.
Covenant generates revenue through truckload services, dedicated fleet capacity, freight brokerage, and warehouse management. Its Expedited segment handles time-sensitive freight with strict delivery windows, while the Dedicated segment provides contracted capacity using company-owned or leased equipment. The Managed Freight segment outsources carriage to third parties and offers transport management on a contractual basis. Warehousing rounds out the model with day-to-day storage and shuttle services.
Founded in 1994, Covenant Logistics Group is headquartered in Chattanooga, Tennessee.
- Expedited truckload services with high-precision delivery standards
- Dedicated fleet capacity under long-term customer contracts
- Managed freight brokerage and transport management services
- Warehousing, shuttle, and switching operations
Is CVLG a Good Stock to Buy?
UQS Score rates CVLG as Below Average overall.
Among the five pillars, Valuation stands out as Attractive, suggesting the stock may be priced modestly relative to its fundamentals. Growth and Risk both land at Neutral, indicating neither a meaningful tailwind nor an outsized threat in those dimensions.
Quality and Moat are both rated Weak, reflecting limited competitive differentiation and below-average business quality metrics relative to sector peers.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does CVLG pay dividends?
Yes — Covenant Logistics Group, Inc. pays a dividend.
Covenant Logistics Group pays a regular dividend, which is relatively uncommon among smaller trucking operators. For income-oriented investors, this signals a degree of financial commitment to returning capital. The dividend cadence follows a standard quarterly schedule, though investors should verify current yield and payout details directly with the company.
When does CVLG report earnings?
Covenant Logistics Group reports earnings on a quarterly cadence, typical for US-listed equities.
Results across recent quarters have reflected the broader freight cycle, with segment performance varying between the Expedited, Dedicated, and Managed Freight businesses. Warehousing has added incremental diversification to the revenue mix.
For the most recent quarter's results and guidance, visit Covenant Logistics Group's investor relations page.
CVLG Price History
+190.6% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Covenant Logistics Group, Inc.?
Based on Covenant Logistics Group, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
CVLG Long-term Outlook
With Growth rated Neutral and Risk also Neutral, CVLG's near-term trajectory appears stable rather than expansionary. The Attractive Valuation label suggests limited downside pricing risk, but the Weak Quality and Moat ratings temper enthusiasm about durable earnings growth. The freight brokerage and dedicated segments offer some diversification that could support steadier revenue through freight-cycle fluctuations.
Growth drivers
- Expansion of dedicated fleet contracts with long-term customers
- Managed freight and brokerage volumes tied to broader logistics outsourcing trends
- Warehousing segment growth as shippers seek integrated logistics partners
Key risks
- Freight rate cyclicality pressuring truckload revenue
- Thin competitive moat in a commoditized trucking market
- Fuel cost and driver availability headwinds common across the sector
CVLG vs Peers
Covenant Logistics competes in the small-cap trucking and logistics space alongside several regional carriers with overlapping service models.
Heartland Express focuses primarily on short-to-medium haul truckload services and has pursued growth through acquisitions, giving it a different scale profile than Covenant.
Universal Logistics emphasizes value-added services and specialized transportation, with a broader mix of contract logistics that distinguishes it from Covenant's expedited focus.
Marten Transport concentrates on temperature-sensitive freight, carving out a more specialized niche compared to Covenant's broader truckload and brokerage model.
Frequently Asked Questions
What does Covenant Logistics Group do?
Covenant Logistics Group provides transportation and logistics services across four segments: Expedited truckload, Dedicated fleet capacity, Managed Freight brokerage, and Warehousing. It serves manufacturers, retailers, food and beverage companies, and third-party logistics providers throughout the United States.
Does CVLG pay dividends?
Yes, Covenant Logistics Group pays a regular dividend on a quarterly basis. This is relatively uncommon among smaller trucking operators. Investors should check the company's investor relations page for the current dividend rate and payment schedule.
When does CVLG report earnings?
Covenant Logistics Group follows a standard quarterly earnings cadence. Specific report dates are announced in advance on the company's investor relations page, which is the most reliable source for upcoming earnings schedules.
Is CVLG a good stock to buy?
UQS Score rates CVLG as Below Average overall. The Valuation pillar is Attractive, but Quality and Moat are both Weak. Whether that profile fits your portfolio depends on your risk tolerance and investment goals. The full pillar breakdown is available to UQS Pro members.
Is CVLG overvalued?
Based on the UQS Valuation pillar, CVLG is rated Attractive, suggesting it is not overvalued relative to its fundamentals. However, valuation alone does not determine investment merit — the Weak Quality and Moat ratings are important context for any valuation assessment.
How does CVLG compare to its competitors?
CVLG competes with carriers like Heartland Express, Universal Logistics Holdings, and Marten Transport. Each has a distinct service focus — Marten in temperature-sensitive freight, Universal in specialized logistics, and Heartland in short-haul truckload. UQS Pro members can view side-by-side pillar comparisons.
What is CVLG's market cap bracket?
Covenant Logistics Group is classified as a small-cap company. This places it in a segment of the market that can offer growth potential but typically carries higher volatility and less analyst coverage than large- or mega-cap peers.
Who founded Covenant Logistics Group?
Covenant Logistics Group was founded in 1994. Founding details, including the names of its founders, are publicly available through the company's official history and SEC filings.
Is CVLG a long-term quality investment?
As a long-term quality indicator, CVLG's Below Average UQS Score — driven by Weak Quality and Moat ratings — suggests limited structural advantages relative to sector peers. The Neutral Risk and Growth ratings indicate stability without strong upside catalysts. Pro members can access the complete analysis.
What sector does CVLG belong to?
Covenant Logistics Group operates in the Industrials sector, specifically within trucking and freight transportation. The sector is sensitive to economic cycles, fuel prices, and freight demand trends, all of which influence CVLG's revenue and margin profile.
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Pro Analysis
CVLG — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 40.0 | 25.0 | 10.0 | 55.0 | 49.2 | 85.7 | 0.0 |
| May 21, 2026 | 40.0 | 25.0 | 10.0 | 55.0 | 49.2 | 86.1 | -0.2 |
| May 20, 2026 | 40.2 | 25.0 | 10.0 | 55.0 | 49.2 | 87.1 | 0.0 |
| May 19, 2026 | 40.2 | 25.0 | 10.0 | 55.0 | 49.2 | 87.4 | -0.2 |
| May 17, 2026 | 40.4 | 25.0 | 10.0 | 55.0 | 49.2 | 88.3 | +0.4 |
| May 16, 2026 | 40.0 | 25.0 | 10.0 | 53.0 | 49.2 | 88.6 | 0.0 |
| May 15, 2026 | 40.0 | 25.0 | 10.0 | 53.0 | 49.2 | 88.7 | -0.4 |
| May 14, 2026 | 40.4 | 25.0 | 10.0 | 53.0 | 49.2 | 90.8 | 0.0 |
| May 13, 2026 | 40.4 | 25.0 | 10.0 | 53.0 | 49.2 | 91.1 | +0.1 |
| May 12, 2026 | 40.3 | 25.0 | 10.0 | 53.0 | 49.2 | 90.2 | +0.1 |
CVLG — Pillar Breakdown
Quality
— 25.0/100 (25%)Covenant Logistics Group, Inc. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 55.0/100 (20%)Covenant Logistics Group, Inc. demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 49.2/100 (15%)Covenant Logistics Group, Inc. has some risk factors including moderate leverage or solvency concerns.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 85.8/100 (15%)Covenant Logistics Group, Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 10/100 (25%)Covenant Logistics Group, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for CVLG.
Score Composition
Financial Data
More Stock Analysis
How is the CVLG UQS Score Calculated?
The UQS (Unified Quality Score) for Covenant Logistics Group, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Covenant Logistics Group, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Covenant Logistics Group, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.