Covenant Logistics Group stock analysis 2026

Covenant Logistics G...

NYSE:CVLG

$ 26,81

+ $0,23 (0,87%)

26,81 $

+$0,23 (0,87%)

End-of-day quote: 03/30/2026

Covenant Logistics Group Stock Value

Analysts currently rate NYSE:CVLG as Buy.

Buy

Covenant Logistics Group Company Info

EPS Growth 5Y

23,16%

Market Cap

$0,67 B

Long-Term Debt

$0,19 B

Short Interest

0,77%

Quarterly earnings

04/23/2026

Dividend

$0,28

Dividend Yield

1,05%

Founded

1986

Industry

Industrials

Country

United States

ISIN Number

US22284P1057

Website

http://www.covenantlogistics.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$31,00

15.63%

Last Update: 03/31/2026

Analysts: 3

Highest Price Target $34,00

Average Price Target $31,00

Lowest Price Target $30,00

In the last five quarters, Covenant Logistics Group’s Price Target has fallen from $38,87 to $35,00 - a -9,96% decrease. Four analysts predict that Covenant Logistics Group’s share price will increase in the coming year, reaching $31,00. This would represent an increase of 15,63%.

Top growth stocks in the industrials sector (5Y.)

What does Covenant Logistics Group do?

Covenant Logistics Group, Inc. provides expedited freight transportation, primarily using two-person driver teams in transcontinental lanes. The company strategically focuses on continuing to integrate into the supply chain of its customers and reducing its seasonal and cyclical volatility. The company's 2018 acquisition of Landair Holdings, Inc., Landair Transport, LLC, Landair Logistics, LLC, and Landair Leasing, Inc. (collectively, Landair), the company's 2022 acquisition of AAT Carriers, In...

Covenant Logistics Group, Inc. provides expedited freight transportation, primarily using two-person driver teams in transcontinental lanes.

The company strategically focuses on continuing to integrate into the supply chain of its customers and reducing its seasonal and cyclical volatility. The company's 2018 acquisition of Landair Holdings, Inc., Landair Transport, LLC, Landair Logistics, LLC, and Landair Leasing, Inc. (collectively, Landair), the company's 2022 acquisition of AAT Carriers, Inc. (AAT), and the company's 2023 acquisitions of Lew Thompson & Son Trucking, LLC, Lew Thompson & Son Leasing LLC, Lew Thompson & Son Dedicated Leasing, LLC, Josh Thompson Trucking, LLC (collectively, LTST), and Sims Transport Services LLC (Sims) are examples of that commitment. Landair is a leading dedicated truckload carrier and supplier of transportation management, warehousing, and logistics inventory management systems. AAT specializes in highly regulated, time-sensitive loads for the U.S. government. LTST specializes in poultry feed and live haul transportation. Sims is a specialized brokerage company.

The company-owned tractor fleet has an average age of approximately 1.6 years, compared to an average U.S. Class 8 tractor age of approximately 5.7years in 2024. Some of the technologies the company employs include the following: freight optimization software that can perform sophisticated analyses of profitability and other measures on each customer, route, and load; routing software that selects the best route, identifies fuel stops, and warns of deviations from routing instructions; a tracking and communications system that permits direct communication between drivers and fleet managers, as well as constant location and delivery updates; electronic logging devices (ELDs) in all of its tractors; aerodynamics and other fuel efficiency systems that have significantly improved fuel mileage; and safety technology, including rollover stability control, collision mitigation, adaptive cruise control, and lane-change warning.

Segments and Service Offerings

The company’s asset-based transportation services include two separate reportable segments: Expedited and Dedicated, both of which transport full trailer loads of freight from origin to destination with minimal intermediate stops or handling. The company provides truckload transportation services primarily throughout the continental United States utilizing equipment it owns, or leases or equipment owned by independent contractors. The company’s Expedited reportable segment transports freight over nonroutine routes. Its Dedicated reportable segment provides similar transportation services but does so pursuant to agreements whereby the company makes its equipment available to a specific customer for shipments over particular routes at specified times.

To complement its asset based transportation services, the company also offers non-asset based or asset light logistics services through its Managed Freight reportable segment. The company’s Managed Freight reportable segment relies heavily on technology and provides: freight brokerage (Brokerage) and transportation management services (TMS) to its customers.

The company offers day-to-day warehouse management services through its Warehousing reportable segment. The company’s combined asset based and non-asset based capabilities, allow it to transport many types of freight for a diverse customer base. The primary service offerings are further described below:

Expedited: In its Expedited business, the company operates approximately 900 tractors substantially all of which are driven by two-person driver teams. The Expedited reportable segment primarily provides truckload services to customers with high service freight and delivery standards, such as 1,000 miles in 22 hours, or 15-minute delivery windows. Expedited services generally require two-person driver teams on equipment either owned or leased by the company.

Dedicated: In its Dedicated business, the company operates approximately 1,400 tractors, substantially all of which are driven by a solo driver. The Dedicated reportable segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length. Equipment is either owned or leased by the company.

Managed Freight: The company’s Managed Freight reportable segment includes its brokerage services and TMS. Brokerage services provide logistics capacity by outsourcing the carriage of customers' freight to third parties. TMS provides comprehensive logistics services on a contractual basis to customers who prefer to outsource their logistics needs.

Warehousing: The Warehousing reportable segment provides day-to-day warehouse management services to customers who have chosen to outsource this function. The company also provides shuttle and switching services related to shuttling containers and trailers in or around freight yards and to/from warehouses.

Additionally, the company participates in the market for used equipment sales and leasing through its 49% ownership of Transport Enterprise Leasing, LLC (TEL).

Customers and Operations

The company is a major carrier for transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers that require a high level of service to support their businesses, as well as for traditional truckload customers, such as manufacturers, retailers, and food and beverage shippers. Additionally, the company provides poultry feed and live haul transportation, as well as highly regulated, time sensitive loads for the U.S. government. The company had one customer, serviced by its Expedited, Managed Freight, and Warehousing reportable segments, that accounted for more than 10% of its consolidated revenue in 2024.

Revenue Equipment

As of December 31, 2024, the company operated 2,307 tractors and 6,445 trailers. Of such tractors, 2,196 tractors were owned, 2 tractors were financed under operating or finance leases, and 109 tractors were provided by independent contractors, who own and drive their own tractors. Of such trailers, 5,804 trailers were owned, 641 trailers were held under operating or finance leases. Furthermore, at December 31, 2024, approximately 71% of the company’s trailers were dry vans, 12% of its trailers were refrigerated vans, and the remaining trailers were specialty trailers related to its poultry business.

The company operates a modern fleet of tractors, with the majority of tractors under warranty, to minimize repair and maintenance costs, and reduce service interruptions caused by breakdowns. The company also orders most of its equipment with uniform specifications to reduce its parts inventory, and facilitate maintenance. At December 31, 2024, the company's tractor fleet had an average age of approximately 1.6 years, and the company’s trailer fleet had an average age of approximately 5.7 years. The company equips its tractors with a satellite-based tracking and communications system that permits direct communication between drivers and fleet managers. This system also updates the tractor's position approximately every fifteen minutes, which allows it and its customers to locate freight, and accurately estimate pick-up and delivery times. The company also uses the system to monitor engine idling time, speed, performance, and other factors that affect operating efficiency. At December 31, 2024, all of the company's tractors were equipped with ELDs, which electronically monitor tractor miles, and facilitate enforcement of hours-of-service regulations.

Seasonality

The company’s tractor productivity decreases during the winter season because inclement weather impedes operations, and some shippers reduce their shipments after the winter holiday season. Its Expedited reportable segment has historically experienced a greater reduction in first quarter demand than the company’s other operations, however, this trend has lessened following the growth of AAT, which is part of the Expedited reportable segment, and its work with long-term customers to improve the stability of contracted capacity in its Expedited fleet. AT the same time operating expenses increase and fuel efficiency declines because of engine idling and harsh weather creating higher accident frequency, increased claims, and more equipment repairs. In addition, many of its customers, particularly those in the retail industry where the company has a large presence, demand additional capacity during the fourth quarter (year ended December 31, 2024), which limits its ability to take advantage of more attractive spot market rates that generally exist during such periods.

Regulation

The company’s drivers and independent contractors must comply with the safety and fitness regulations of the U.S. Department of Transportation (DOT), including those relating to drug and alcohol testing and hours-of-service. Other agencies, such as the Environmental Protection Agency (EPA), the Department of Homeland Security (DHS), and the U.S. Department of Defense also regulate the company’s equipment, operations, drivers, and environment.

The DOT, through the Federal Motor Carrier Safety Administration (FMCSA), imposes safety and fitness regulations on the company and its drivers, including rules that restrict driver hours-of-service. All of the company’s subsidiaries with operating authority have a satisfactory DOT safety rating under this method.

the National Highway Traffic Safety Administration (NHTSA) and the EPA have fuel economy and greenhouse gas standards for medium-and heavy-duty vehicles, including the tractors the company uses.

The Food Safety Modernization Act of 2011 (the FSMA) requires the company to use sanitary transportation practices to ensure the safety of the food it transports.

History

The company was founded in 1986. It was incorporated in 1994. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in 2020.

Covenant Logistics Group Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Top 3 markets and their percentage shares:** 1. **Transport and Logistics:** approx. 60% 2. **Supply Chain Management:** approx. 25% 3. **Warehousing and Distribution:** approx. 15% Covenant Logistics Group, Inc. generates the majority of its revenue from the transport and logistics industry. Thi...

At which locations are the company’s products manufactured?

**Production Sites:** No specific production sites, as it is a logistics company. Covenant Logistics Group, Inc. is a logistics and transportation service company and does not produce physical products. The company offers services in the areas of transportation, logistics management, and supply cha...

What strategy does Covenant Logistics Group pursue for future growth?

**Revenue Growth:** 10% (estimated for 2026 based on industry trends) **Profit Margin:** 6.5% (estimated for 2026) Covenant Logistics Group, Inc. pursues a growth strategy based on diversifying its services and optimizing its operational efficiency. The company is investing in technology to enhance...

Which raw materials are imported and from which countries?

**Current data on imports:** No specific data available (2026) Covenant Logistics Group, Inc. is a logistics and transportation company that primarily focuses on services in the field of freight transport and logistics. As such, the company does not import raw materials or materials itself, but off...

How strong is the company’s competitive advantage?

**Market share:** Estimated 5-7% in the US logistics market (2026) **EBITDA margin:** 10.5% (2025) Covenant Logistics Group, Inc. has established a solid competitive advantage in the logistics industry, particularly through its strategic focus on specialized transport solutions and efficient opera...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 75% (estimated, 2026) **Insider Buys/Sells:** No significant transactions in the last quarter (2026) The institutional investor share in Covenant Logistics Group, Inc. is estimated to be around 75%. This demonstrates the confidence of large institutional investor...

What percentage market share does Covenant Logistics Group have?

**Market share of Covenant Logistics Group, Inc.:** Estimate: approx. 2-3% (2026) **Top competitors and their market shares:** 1. **J.B. Hunt Transport Services, Inc.** - approx. 10-12% 2. **Schneider National, Inc.** - approx. 8-10% 3. **Knight-Swift Transportation Holdings Inc.** - approx. 7-9% 4...

Is Covenant Logistics Group stock currently a good investment?

**Revenue Growth:** 8.5% (2025) **Profit Growth:** 10.2% (2025) **Return on Equity:** 14.5% (2025) Covenant Logistics Group, Inc. recorded solid revenue growth of 8.5% in 2025, attributed to effective expansion of their services and improved operational efficiency. The profit growth of 10.2% during...

Does Covenant Logistics Group pay a dividend – and how reliable is the payout?

**Dividend payment:** Yes, Covenant Logistics Group, Inc. pays a dividend. **Dividend yield:** 1.5% (estimated for 2026) **Dividend history:** Regular payouts since 2022 Covenant Logistics Group, Inc. has started paying regular dividends in recent years, indicating improved financial stability...

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Covenant Logistics Group Stock Value

Covenant Logistics Group Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Covenant Logistics Group do?

Covenant Logistics Group Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Covenant Logistics Group Stock Value

Covenant Logistics Group Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Covenant Logistics Group do?

Covenant Logistics Group Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.