CVLG Covenant Logistics

Covenant Logistics Group, Inc. is a holding company, which engages in the provision of freight and logistics services. It operates through the following segments: Highway Services and Dedicated Contract Services. The Highway Services Segment includes two separate service offerings: Expedited Services ("Expedited") and Over-the-Road Services ("OTR"), both of which transport one-way freight over nonroutine routes. The Dedicated Contract Services Segment provides similar transportation services, but does so pursuant to agreements whereby equipment available to a specific customer for shipments over particular routes at specified times. The company was founded by David Ray Parker in 1985 and is headquartered in Chattanooga, TN.

Company profile

David Ray Parker
Fiscal year end
Industry (SIC)
Former names
IRS number

CVLG stock data



6 Apr 21
11 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
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Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 8.41M 8.41M 8.41M 8.41M 8.41M 8.41M
Cash burn (monthly) 1.78M 2.93M (positive/no burn) 1.25M (positive/no burn) (positive/no burn)
Cash used (since last report) 6.03M 9.95M n/a 4.24M n/a n/a
Cash remaining 2.38M -1.54M n/a 4.17M n/a n/a
Runway (months of cash) 1.3 -0.5 n/a 3.3 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
6 Apr 21 David Ray Parker Employee Stock Option Class A Common Stock Grant Aquire A No No 21.24 100,000 2.12M 100,000
6 Apr 21 Joey B Hogan Class A Common Stock Grant Aquire A No No 0 150,000 0 250,963
6 Apr 21 Bunn Paul Class A Common Stock Grant Aquire A No No 0 16,667 0 69,772
6 Apr 21 Bunn Paul Employee Stock Option Class A Common Stock Grant Aquire A No No 21.24 12,500 265.5K 12,500
5 Mar 21 Bunn Paul Class A Common Stock Payment of exercise Dispose F No No 19.66 1,402 27.56K 53,105
5 Mar 21 Joey B Hogan Class A Common Stock Payment of exercise Dispose F No No 19.66 3,396 66.77K 100,963

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

61.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 87 83 +4.8%
Opened positions 15 14 +7.1%
Closed positions 11 13 -15.4%
Increased positions 29 21 +38.1%
Reduced positions 33 42 -21.4%
13F shares
Current Prev Q Change
Total value 180.38M 201.56M -10.5%
Total shares 8.86M 9.02M -1.7%
Total puts 0 0
Total calls 0 22.5K EXIT
Total put/call ratio
Largest owners
Shares Value Change
BLK Blackrock 1.36M $20.09M +2.3%
Dimensional Fund Advisors 1.24M $18.41M -0.5%
Vanguard 580.86K $8.6M +11.6%
Foundry Partners 314.56K $4.66M +10.5%
Heartland Advisors 300K $4.44M NEW
Scopus Asset Management 288.61K $4.27M -38.4%
Monarch Partners Asset Management 277.37K $4.11M +10.1%
STT State Street 221.53K $3.28M -3.4%
Tygh Capital Management 218.75K $3.24M -2.0%
MS Morgan Stanley 214.15K $3.17M +2239.2%
Largest transactions
Shares Bought/sold Change
Heartland Advisors 300K +300K NEW
MS Morgan Stanley 214.15K +205K +2239.2%
Next Century Growth Investors 0 -196.26K EXIT
Scopus Asset Management 288.61K -179.65K -38.4%
Acuitas Investments 0 -158.09K EXIT
Russell Investments 210.29K -123.8K -37.1%
Jacobs Levy Equity Management 105.94K +89.79K +555.9%
Parametric Portfolio Associates 82.2K +82.2K NEW
Renaissance Technologies 29.8K -78.26K -72.4%
Nicholas Investment Partners 0 -77.56K EXIT
Content analysis
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