Covenant Logistics Group, Inc. Class A (CVLG)

Over the past six months, Covenant Logistics Group, Inc. stock has declined. The share price was $19.66 as of November 12, 2025, a 34.88% decrease from November 13, 2024. Key events include Q2 2025 earnings with record revenue but decreased operating income due to inflationary pressures, Q3 2025 earnings with modest revenue growth but profitability headwinds, consistent quarterly cash dividend declarations of $0.07 per share, and a $50 million stock repurchase program announced in Q1 2025.

Covenant Logistics Group anticipates improving fundamentals in the second half of fiscal year 2025, driven by expected market improvements and a modest peak season. The LTL market has experienced mixed performance, while the asset-light warehousing segment delivers steady revenue and margins, suggesting less direct exposure to short-term demand seasonality.

Covenant Logistics Group, Inc. is an American transportation and logistics company based in Chattanooga, Tennessee, operating in the Industrials sector, specifically Trucking. The company provides Expedited, Dedicated, Managed Freight, and Warehousing services. It offers truckload services for time-sensitive shipments, committed truckload capacity to customers over contracted periods, freight brokerage and logistics management, inventory management, order fulfillment, and temperature-controlled freight services. The company also has a stake in Transport Enterprise Leasing and owns Covenant Transport Solutions and Transport Financial Solutions.

Covenant Logistics Group, Inc. provides transportation and logistics services throughout the United States and Canada. The company jointly operates over 3,000 trucks and 7,000 trailers with its sister companies Southern Refrigerated Transport, Inc., Star Transportation Inc., and Landair Transportation, Inc. They have shared terminals in various U.S. cities, including Chattanooga, Tennessee, Hutchins, Texas, Pomona, California, Texarkana, Arkansas, La Vergne, Tennessee, Allentown, Pennsylvania, Orlando, Florida, and Greenville, Tennessee.

Covenant Logistics Group has maintained a positive brand reputation, receiving recognition for its service quality. In August 2024, the company won the 41st Annual Quest for Quality Awards by Logistics Management, highlighting its dedication to service quality and operational excellence.

Covenant Logistics Group, Inc. is owned by 53.22% institutional shareholders, 19.88% Covenant Logistics Group insiders, and 26.90% retail investors. Major institutional owners include BlackRock, Inc., Dimensional Fund Advisors LP, and Vanguard Group Inc. The largest individual shareholder is David Ray Parker, who owns 10.14% of the company.