covenant transport is a premium service provider specializing in expedited, dry van freight transportation. we pride ourselves on doing business with care -- communication, attitude, respect and excellence. these core values -- introduced by our founders more than 30 years ago -- provide the foundation upon which we have built a culture of award-winning service for our customers, employees and vendors. covenant transport is a wholly-owned subsidiary of covenant transportation group, inc., holding company for several transportation providers which offer premium services for customers throughout the united states. ctg class a common stock is traded on the nasdaq global select market under the symbol cvti.
Company profile
Ticker
CVLG
Exchange
Website
CEO
David Ray Parker
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
COVENANT TRANSPORT INC, COVENANT TRANSPORTATION GROUP INC
SEC CIK
Corporate docs
Subsidiaries
Covenant Transport, Inc. • Southern Refrigerated Transport, LLC • Star Transportation, LLC • Covenant Transport Solutions, LLC • Covenant Logistics, Inc. • Covenant Asset Management, LLC • CTG Leasing Company • IQS Insurance Risk Retention Group, Inc. • Heritage Insurance, Inc. • Transport Management Services, LLC ...
IRS number
880320154
CVLG stock data
Latest filings (excl ownership)
8-K
Covenant Logistics Group Announces First Quarter
24 Apr 24
ARS
2023 FY
Annual report to shareholders
12 Apr 24
DEF 14A
Definitive proxy
12 Apr 24
8-K
Departure of Directors or Certain Officers
4 Apr 24
10-K
2023 FY
Annual report
28 Feb 24
8-K
Covenant Logistics Group Announces Quarterly Cash Dividend
15 Feb 24
8-K
Covenant Logistics Group Announces Fourth Quarter
23 Jan 24
8-K
Departure of Directors or Certain Officers
11 Jan 24
8-K
Departure of Directors or Certain Officers
21 Nov 23
8-K
Covenant Logistics Group Announces Quarterly Cash Dividend
16 Nov 23
Transcripts
CVLG
Earnings call transcript
2023 Q4
24 Jan 24
CVLG
Earnings call transcript
2023 Q3
26 Oct 23
CVLG
Earnings call transcript
2023 Q2
28 Jul 23
CVLG
Earnings call transcript
2023 Q1
28 Apr 23
CVLG
Earnings call transcript
2022 Q4
26 Jan 23
CVLG
Earnings call transcript
2022 Q3
21 Oct 22
CVLG
Earnings call transcript
2022 Q2
26 Jul 22
CVLG
Earnings call transcript
2022 Q1
29 Apr 22
CVLG
Earnings call transcript
2021 Q4
27 Jan 22
CVLG
Earnings call transcript
2022 Q4
26 Jan 22
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 7.39 mm | 7.39 mm | 7.39 mm | 7.39 mm | 7.39 mm | 7.39 mm |
Cash burn (monthly) | 143.00 k | 4.32 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 979.45 k | 29.61 mm | n/a | n/a | n/a | n/a |
Cash remaining | 6.41 mm | -22.22 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 44.8 | -5.1 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
66.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 127 |
Opened positions | 21 |
Closed positions | 10 |
Increased positions | 37 |
Reduced positions | 47 |
13F shares | Current |
---|---|
Total value | 273.90 bn |
Total shares | 7.20 mm |
Total puts | 9.70 k |
Total calls | 11.70 k |
Total put/call ratio | 0.8 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 1.12 mm | $48.88 bn |
Dimensional Fund Advisors | 834.47 k | $36.58 bn |
LSV Asset Management | 543.18 k | $23.81 mm |
Vanguard | 430.45 k | $18.87 bn |
Acadian Asset Management | 323.25 k | $14.17 mm |
Patton Albertson Miller | 283.39 k | $12.42 bn |
Scopus Asset Management | 265.78 k | $11.65 bn |
STT State Street | 208.54 k | $9.14 bn |
Millennium Management | 188.53 k | $8.26 bn |
Jacobs Levy Equity Management | 179.21 k | $7.85 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
11 Apr 24 | Bunn Paul | Class A Common Stock | Sale back to company | Dispose D | No | No | 0 | 12,028 | 0.00 | 87,629 |
28 Feb 24 | Bunn Paul | Employee Stock Option Class A Common Stock | Grant | Acquire A | No | No | 21.24 | 37,500 | 796.50 k | 37,500 |
28 Feb 24 | Bunn Paul | Employee Stock Option Class A Common Stock | Grant | Acquire A | No | No | 15.77 | 135,216 | 2.13 mm | 135,216 |
28 Feb 24 | Samuel F Hough | Employee Stock Option Class A Common Stock | Grant | Acquire A | No | No | 15.77 | 45,072 | 710.79 k | 45,072 |
28 Feb 24 | Joey Ballard | Employee Stock Option Class A Common Stock | Grant | Acquire A | No | No | 15.77 | 45,072 | 710.79 k | 45,072 |
28 Feb 24 | Lynn Doster | Employee Stock Option Class A Common Stock | Grant | Acquire A | No | No | 15.77 | 45,072 | 710.79 k | 45,072 |
Press releases
Covenant Logistics Group, Inc. Announces Timing of First Quarter Earnings Release and Conference Call
1 Apr 24
Women In Trucking Association Names Covenant Logistics' Abby Hamm and Lori Fulmer as 2024 Top Women to Watch in Transportation
11 Mar 24
Matthew Duncan of Covenant Logistics Named 2023 Transport Topics Recruiting Professional of the Year
7 Mar 24