Should Value Investors Buy Covenant Logistics Group (CVLG) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 03/14/2024
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Matthew Duncan of Covenant Logistics Named 2023 Transport Topics Recruiting Professional of the Year
- CHATTANOOGA, Tenn., March 07, 2024 (GLOBE NEWSWIRE) -- Matthew Duncan, Vice President of Enterprise Driver Recruiting and Talent Acquisition for Covenant Logistics, has been named the 2023 Transport Topics Recruiting Professional of the Year. The prestigious accolade was presented to Duncan on February 22 at the Recruitment and Retention Conference, a testament to his industry leadership and remarkable contributions to the field of talent acquisition.
- 03/07/2024
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Are Investors Undervaluing Covenant Logistics Group (CVLG) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 02/27/2024
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Is It Worth Investing in Covenant Logistics (CVLG) Based on Wall Street's Bullish Views?
- When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
- 02/22/2024
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Covenant Logistics (CVLG) Shows Fast-paced Momentum But Is Still a Bargain Stock
- Covenant Logistics (CVLG) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 02/21/2024
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Wall Street Analysts Predict a 31.58% Upside in Covenant Logistics (CVLG): Here's What You Should Know
- The mean of analysts' price targets for Covenant Logistics (CVLG) points to a 31.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
- 02/20/2024
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Covenant Logistics Group Announces Quarterly Cash Dividend
- CHATTANOOGA, Tenn., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today that its board of directors has declared a quarterly cash dividend of $0.11 per share of Class A and Class B common stock. The quarterly cash dividend is payable to stockholders of record on March 1, 2024, and is expected to be paid on March 29, 2024.
- 02/15/2024
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Covenant Logistics Group, Inc. (CVLG) Q4 2023 Earnings Call Transcript
- Covenant Logistics Group, Inc. (CVLG) Q4 2023 Earnings Call Transcript
- 01/24/2024
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Covenant Logistics Group Announces Fourth Quarter Financial and Operating Results
- CHATTANOOGA, Tenn., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today financial and operating results for the fourth quarter ended December 31, 2023. The Company's conference call to discuss the quarter will be held at 9:00 A.M. Eastern Time on Wednesday, January 24, 2024.
- 01/23/2024
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Covenant Logistics (CVLG) Stock Slides as Market Rises: Facts to Know Before You Trade
- Covenant Logistics (CVLG) concluded the recent trading session at $46.29, signifying a -1.38% move from its prior day's close.
- 01/12/2024
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Covenant Logistics (CVLG) Rises Higher Than Market: Key Facts
- In the most recent trading session, Covenant Logistics (CVLG) closed at $43.90, indicating a +1.69% shift from the previous trading day.
- 01/05/2024
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Covenant Logistics Group, Inc. Announces Timing of Fourth Quarter Earnings Release and Conference Call
- CHATTANOOGA, Tenn., Jan. 02, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced its plans to release its fourth quarter earnings after 4:00 p.m. Eastern time on Tuesday, January 23, 2024. Covenant Logistics Group, Inc. will hold a live conference call to discuss its fourth quarter earnings release on Wednesday, January 24, 2024, at 9:00 a.m. Eastern time. Individuals with questions may dial in at 877-550-1505 (U.S./Canada) and 0800-524-4760 (International). An audio replay will be available for one week following the call at 800-645-7964, access code 3895#. In addition, you will be able to listen to the audio replay for an extended period of time on our investor website, under the icon "Audio Archives". For additional financial and statistical information regarding the Company that may be discussed during the conference call, please visit our website at www .c o venantlogistics.com/investors under “Earnings Info.”
- 01/02/2024
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Here's Why Covenant Logistics (CVLG) Fell More Than Broader Market
- In the closing of the recent trading day, Covenant Logistics (CVLG) stood at $46.04, denoting a -1.05% change from the preceding trading day.
- 12/29/2023
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Covenant Logistics (CVLG) Exceeds Market Returns: Some Facts to Consider
- The latest trading day saw Covenant Logistics (CVLG) settling at $46.53, representing a +0.98% change from its previous close.
- 12/28/2023
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Covenant Logistics (CVLG) Beats Stock Market Upswing: What Investors Need to Know
- In the latest trading session, Covenant Logistics (CVLG) closed at $45.30, marking a +0.64% move from the previous day.
- 12/22/2023
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Covenant Logistics (CVLG) Advances While Market Declines: Some Information for Investors
- In the most recent trading session, Covenant Logistics (CVLG) closed at $44.68, indicating a +1.29% shift from the previous trading day.
- 12/20/2023
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Covenant Logistics (CVLG) Rises Yet Lags Behind Market: Some Facts Worth Knowing
- Covenant Logistics (CVLG) reachead $42.89 at the closing of the latest trading day, reflecting a +0.68% change compared to its last close.
- 12/13/2023
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Covenant Logistics (CVLG) Beats Stock Market Upswing: What Investors Need to Know
- In the closing of the recent trading day, Covenant Logistics (CVLG) stood at $42.74, denoting a +1.23% change from the preceding trading day.
- 12/07/2023
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Covenant Logistics (CVLG) Suffers a Larger Drop Than the General Market: Key Insights
- In the latest trading session, Covenant Logistics (CVLG) closed at $42.22, marking a -1.97% move from the previous day.
- 12/06/2023
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Covenant Logistics Group, Inc. (CVLG) Q3 2023 Earnings Call Transcript
- Covenant Logistics Group, Inc. (NASDAQ:CVLG ) Q3 2023 Earnings Conference Call October 26, 2023 10:00 AM ET Company Participants Tripp Grant - EVP and CFO Paul Bunn - President and COO David Parker - Founder and CEO Conference Call Participants Jason Seidl - TD Cowen Jack Atkins - Stephens Michael Vermut - Newland Capital Scott Group - Wolfe Research Operator Welcome to today's Covenant Logistics Group Third Quarter Earnings Release Conference Call. Our host for today's call is Tripp Grant.
- 10/29/2023
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Covenant Logistics (CVLG) Rises As Market Takes a Dip: Key Facts
- Covenant Logistics (CVLG) concluded the recent trading session at $45.32, signifying a +1.55% move from its prior day's close.
- 10/17/2023
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(CVLG) Ascends While Market Falls: Some Facts to Note
- Covenant Logistics (CVLG) concluded the recent trading session at $43.92, signifying a +0.71% move from its prior day's close.
- 10/05/2023
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CORRECTION - Covenant Logistics Group, Inc. Announces Timing Of Third Quarter Earnings Release And Conference Call
- CHATTANOOGA, Tenn., Oct. 03, 2023 (GLOBE NEWSWIRE) -- In a release issued earlier today by Covenant Logistics Group, Inc. (Nasdaq: CVLG), the wrong quarter was mentioned throughout the release, including in the headline. It should be third quarter, not second quarter. The corrected release follows:
- 10/03/2023
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Covenant Logistics Group, Inc. Announces Timing Of Second Quarter Earnings Release And Conference Call
- CHATTANOOGA, Tenn., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced its plans to release its second quarter earnings after 4:00 p.m. Eastern time on Wednesday, October 25, 2023. Covenant Logistics Group, Inc. will hold a live conference call to discuss its second quarter earnings release on Thursday, October 26, 2023, at 10:00 a.m. Eastern time. Individuals with questions may dial in at 877-550-1505 (U.S./Canada) and 0800-524-4760 (International). An audio replay will be available for one week following the call at 800-645-7964, access code 3895#. In addition, you will be able to listen to the audio replay for an extended period of time on our investor website, under the icon "Audio Archives". For additional financial and statistical information regarding the Company that may be discussed during the conference call, please visit our website at www.covenantlogistics.com/investors under “Earnings Info.”
- 10/03/2023
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Is Covenant Logistics Group (CVLG) Stock Outpacing Its Transportation Peers This Year?
- Here is how Covenant Logistics (CVLG) and Teekay Tankers (TNK) have performed compared to their sector so far this year.
- 09/29/2023
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Best Value Stocks to Buy for September 7th
- CR, CVLG and TITN made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 7, 2023.
- 09/07/2023
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New Strong Buy Stocks for August 25th
- ANIP, NVMI, AZPN, GRNT and CVLG have been added to the Zacks Rank #1 (Strong Buy) List on August 25, 2023.
- 08/25/2023
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Best Value Stocks to Buy for August 25th
- GRNT, CVLG and VST made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 25, 2023.
- 08/25/2023
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Fast-paced Momentum Stock Covenant Logistics (CVLG) Is Still Trading at a Bargain
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Covenant Logistics (CVLG) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 08/16/2023
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5 Value Stocks With Impressive EV-to-EBITDA Ratios to Scoop Up
- We have screened value stocks CVLG, GPI, UFPI, PAGP and MPAA based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.
- 08/04/2023
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Covenant Logistics Group, Inc. (CVLG) Q2 2023 Earnings Call Transcript
- Covenant Logistics Group, Inc. (NASDAQ:CVLG ) Q2 2023 Earnings Conference Call July 28, 2023 10:00 AM ET Company Participants Tripp Grant - Executive Vice President and Chief Financial Officer Paul Bunn - President and Chief Operating Officer David Parker - Founder and CEO Conference Call Participants Jason Seidl - TD Cowen Scott Group - Wolfe Research, LLC Jack Atkins - Stephens Barry Haimes - Sage Asset Management Operator Welcome to today's Covenant Logistics Group Second Quarter Earnings Release Conference Call. Our host for today's call is Tripp Grant.
- 07/27/2023
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Are Transportation Stocks Lagging Covenant Logistics Group (CVLG) This Year?
- Here is how Covenant Logistics (CVLG) and Danaos (DAC) have performed compared to their sector so far this year.
- 07/13/2023
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Covenant Logistics Group: Strategic Acquisitions Creating Synergies
- Covenant Logistics Group, a US-based logistics and transportation company, operates in four segments: Expedited, Dedicated, Managed Freight, and Warehousing. It serves various carriers and regular truckload clients. The company has a market cap of $570.82 million and a solid return on invested capital of 7%. It pays a dividend of 0.86%, showing financial strength even during cyclical declines in the trucking industry. Covenant Logistics has implemented a strategic acquisition strategy for growth and expansion, with a notable acquisition being Landair Holdings in 2018, which brought significant revenue growth.
- 07/09/2023
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Why Fast-paced Mover Covenant Logistics (CVLG) Is a Great Choice for Value Investors
- Covenant Logistics (CVLG) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 07/07/2023
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Covenant Logistics Group, Inc. Announces Timing of Second Quarter Earnings Release and Conference Call
- CHATTANOOGA, Tenn., July 03, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced its plans to release its second quarter earnings after 4:00 p.m. Eastern Time on Wednesday, July 26, 2023. Covenant Logistics Group, Inc. will hold a live conference call to discuss its second quarter earnings release on Thursday, July 27, 2023, at 10:00 a.m. Eastern Time. Individuals with questions may dial in at 877-550-1505 (U.S./Canada) and 0800-524-4760 (International). An audio replay will be available for one week following the call at 800-645-7964, access code 3895#. In addition, you will be able to listen to the audio replay for an extended period of time on our investor website, under the icon "Audio Archives." For additional financial and statistical information regarding the Company that may be discussed during the conference call, please visit our website at www.covenantlogistics.com/investors under “Earnings Info.”
- 07/03/2023
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New Strong Buy Stocks for June 28th
- CVLG, RYI, BJRI, MTH and JHX have been added to the Zacks Rank #1 (Strong Buy) List on June 28, 2023.
- 06/28/2023
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Best Value Stocks to Buy for June 28th
- CVLG, CNM and AFYA made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 28, 2023.
- 06/28/2023
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New Strong Buy Stocks for June 26th
- CVLG, BTVCY, MDWT, MATX and EXP have been added to the Zacks Rank #1 (Strong Buy) List on June 26, 2023.
- 06/26/2023
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Best Value Stocks to Buy for June 26th
- CVLG, UFPI and MDWT made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 26, 2023.
- 06/26/2023
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Despite Fast-paced Momentum, Covenant Logistics (CVLG) Is Still a Bargain Stock
- Covenant Logistics (CVLG) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
- 06/21/2023
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New Strong Buy Stocks for June 21st
- WIRE, BTVCY, CVLG, VBNK and CRBG have been added to the Zacks Rank #1 (Strong Buy) List on June 21, 2023.
- 06/21/2023
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Covenant Logistics (CVLG) Moves to Strong Buy: Rationale Behind the Upgrade
- Covenant Logistics (CVLG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 06/15/2023
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Best Momentum Stocks to Buy for June 15th
- TAST, CVLG and AMWD made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on June 15, 2023.
- 06/15/2023
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New Strong Buy Stocks for June 15th
- AMWD, CVLG, IDCC, TAST and ATR have been added to the Zacks Rank #1 (Strong Buy) List on June 15, 2023.
- 06/15/2023
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Best Value Stocks to Buy for June 15th
- CVLG, BRCDY and AMWD made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 15, 2023.
- 06/15/2023
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Best Momentum Stocks to Buy for June 12th
- TGS, CVLG and ACA made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on June 12, 2023.
- 06/12/2023
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Best Value Stocks to Buy for June 12th
- CVLG, BRDCY and RYI made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 12, 2023.
- 06/12/2023
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7 Transportation Stocks to Buy Before Summer 2023
- While it might be difficult to believe in a broader economic recovery with all the ugly headwinds, it's possible that circumstances might improve, thus bolstering transportation stocks to buy. Fundamentally, the economy has proven resilient.
- 05/21/2023
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Covenant Logistics (CVLG) Q1 Earnings and Revenues Beat Estimates
- Covenant Logistics (CVLG) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $1.35 per share a year ago.
- 04/27/2023
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Covenant Logistics Group, Inc. Announces Timing Of First Quarter Earnings Release And Conference Call
- CHATTANOOGA, Tenn., March 31, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced its plans to release its fourth quarter earnings after 4:00 p.m. Eastern time on Thursday, April 27, 2023. Covenant Logistics Group, Inc. will hold a live conference call to discuss its first quarter earnings release on Friday, April 28, 2023, at 10:00 a.m. Eastern time. Individuals with questions may dial in at 877-550-1505 (U.S./Canada) and 0800-524-4760 (International). An audio replay will be available for one week following the call at 800-645-7964, access code 3895#. In addition, you will be able to listen to the audio replay for an extended period of time on our investor website, under the icon "Audio Archives". For additional financial and statistical information regarding the Company that may be discussed during the conference call, please visit our website at www.covenantlogistics.com/investors under “Earnings Info.”
- 03/31/2023
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Covenant Logistics Group (CVLG) Q4 2022 Earnings Call Transcript
- Covenant Logistics Group (NASDAQ:CVLG ) Q4 2022 Earnings Conference Call January 26, 2022 10:00 AM ET Company Participants Tripp Grant - Executive Vice President & Chief Financial Officer Paul Bunn - Senior Executive Vice President & Chief Operating Officer David Parker - Chief Executive Officer Joey Hogan - President Conference Call Participants Jason Seidl - Cowen Jack Atkins - Stephens Bert Subin - Stifel Operator Welcome to today's Covenant Logistics Group Fourth Quarter Earnings Release Conference Call. Our host for today's call is Tripp Grant.
- 01/26/2023
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Covenant optimistic this time is different; stock falls 20% on wonky Q4
- Management from Covenant Logistics Group provided some optimism regarding the truckload market on a call with analysts Thursday. Customers making progress reducing inventories, capacity leaving the industry and the work the company has done to reduce cyclicality in its business model were some of the reasons for the upbeat tone.
- 01/26/2023
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Why Covenant Logistics Stock Is Down Today
- The freight market appears challenging heading into 2023.
- 01/26/2023
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Covenant misses expectations in noisy Q4
- Covenant Logistics Group highlighted several achievements during 2022, including generating more than $1 billion in freight revenue and achieving an all-time high for full-year earnings per share, in its fourth-quarter report released Wednesday after the market closed. However, it also sees the current overhang on freight markets lingering for a while.
- 01/25/2023
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Covenant Logistics (CVLG) Q4 Earnings Lag Estimates
- Covenant Logistics (CVLG) delivered earnings and revenue surprises of -9.27% and 0.09%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 01/25/2023
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What's in the Cards for Covenant (CVLG) in Q4 Earnings?
- Supply-chain disruptions are likely to have hurt Covenant's (CVLG) fourth-quarter 2022 performance.
- 01/18/2023
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Covenant Logistics Group, Inc. Announces Timing of Fourth Quarter Earnings Release and Conference Call
- CHATTANOOGA, Tenn., Jan. 03, 2023 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced its plans to release its fourth quarter earnings after 4:00 p.m. Eastern time on Wednesday, January 25, 2023. Covenant Logistics Group, Inc. will hold a live conference call to discuss its fourth quarter earnings release on Thursday, January 26, 2023, at 10:00 a.m. Eastern time. Individuals with questions may dial in at 877-550-1505 (U.S./Canada) and 0800-524-4760 (International). An audio replay will be available for one week following the call at 800-645-7964, access code 3895#. In addition, you will be able to listen to the audio replay for an extended period of time on our investor website, under the icon "Audio Archives". For additional financial and statistical information regarding the Company that may be discussed during the conference call, please visit our website at ww w .c o venantlogistics.com/investors under “Earnings Info.”
- 01/03/2023
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Here is What to Know Beyond Why Covenant Logistics Group, Inc. (CVLG) is a Trending Stock
- Recently, Zacks.com users have been paying close attention to Covenant Logistics (CVLG). This makes it worthwhile to examine what the stock has in store.
- 12/30/2022
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Is Trending Stock Covenant Logistics Group, Inc. (CVLG) a Buy Now?
- Zacks.com users have recently been watching Covenant Logistics (CVLG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 12/15/2022
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Tap 5 Bargain Stocks With Incredibly Low EV/EBITDA Ratios
- We have screened bargain stocks TA, CLS, CVLG, YPF and UNFI based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.
- 12/05/2022
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How a rail strike could interrupt parcel delivery services
- Donald Broughton, managing director of Broughton Capital, joins 'The Exchange' to discuss moves in Congress to avert a rail strike, the sectors vulnerable to a potential strike, and the turmoil a rail strike would provoke.
- 11/29/2022
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UPS Strong on Dividends & Buybacks Despite Cost Challenges
- UPS' shareholder-friendly measures underpin its financial flexibility. However, high operating costs on account of steep fuel expenses are weighing on its bottom line.
- 11/28/2022
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Bullish Air Traffic Cushions AZUL Against Cost Concerns
- Consolidated air traffic surges 33.9% year over year at AZUL on a year-to-date basis.
- 11/15/2022
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Is Covenant Logistics Group (CVLG) Stock Outpacing Its Transportation Peers This Year?
- Here is how Covenant Logistics (CVLG) and Pyxis Tankers Inc. (PXS) have performed compared to their sector so far this year.
- 11/10/2022
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5 Broker-Favorite Stocks to Bank on as Market Unrest Continues
- Broker-favorite stocks like American Airlines(AAL), Delta (DAL), CVR Energy (CVI), Covenant Logistics (CVLG) and Cross Country Healthcare (CCRN) are worth retaining in your portfolio amid market disruptions.
- 11/08/2022
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Bull of the Day: Covenant Logistics Group (CVLG)
- This stock has seen estimates move a lot higher for this year and next and still has a low valuation.
- 11/04/2022
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Pick These 5 Bargain Stocks With Alluring EV-to-EBITDA Ratios
- We have screened bargain stocks CVLG, TA, CLS, YPF and PEBO based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.
- 11/02/2022
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3 Top-Ranked Small Caps With Big Growth
- Small-cap stocks typically have less analyst coverage, allowing investors a window to get in "early" before the crowd catches on.
- 10/28/2022
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Covenant Logistics (CVLG) Upgraded to Strong Buy: What Does It Mean for the Stock?
- Covenant Logistics (CVLG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- 10/26/2022
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7 Trucking Stocks to Sell as the Shipping Boom Goes Bust
- There's a good deal of trucking stocks to sell. To be clear, the market ideas on this list do not necessarily represent flawed strategies or operations.
- 10/26/2022
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Is Covenant Logistics Group (CVLG) Outperforming Other Transportation Stocks This Year?
- Here is how Covenant Logistics (CVLG) and Tsakos Energy (TNP) have performed compared to their sector so far this year.
- 10/25/2022
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Is Covenant Logistics Group (CVLG) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 10/25/2022
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Fast-paced Momentum Stock Covenant Logistics (CVLG) Is Still Trading at a Bargain
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Covenant Logistics (CVLG) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 10/25/2022
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Covenant Logistics Group, Inc. (CVLG) Hit a 52 Week High, Can the Run Continue?
- Covenant Logistics (CVLG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 10/25/2022
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Covenant Logistics Group (CVLG) Q3 2022 Earnings Call Transcript
- Covenant Logistics Group Inc. (NASDAQ:CVLG ) Q3 2022 Earnings Conference Call October 21, 2022 9:00 AM ET Company Participants David Parker - Chief Executive Officer Joey Hogan - President Paul Bunn - Senior Executive Vice President, Chief Operating Officer Tripp Grant - Executive Vice President, Chief Financial Officer Conference Call Participants Jason Seidl - Cowen Scott Group - Wolfe Research Jack Atkins - Stephens Bert Subin - Stifel Barry Haimes - Sage Asset Management Operator Welcome to today's Covenant Logistics Group Q3 2022 earnings release and investor conference call. Our host for today's call is Joey Hogan.
- 10/21/2022
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Covenant Logistics (CVLG) Q3 Earnings and Revenues Beat Estimates
- Covenant Logistics (CVLG) delivered earnings and revenue surprises of 10.95% and 5.35%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 10/20/2022
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Covenant Logistics announces leadership change
- Within its third-quarter earnings report, Covenant Logistics (NASDAQ: CVLG) Thursday announced the next steps in an ongoing management transition. Paul Bunn, who had been senior executive vice president and COO at the truckload carrier, will be promoted to president on Jan. 1, 2023, while continuing to hold his COO title.
- 10/20/2022
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What's in the Cards for Covenant (CVLG) in Q3 Earnings?
- Covenant (CVLG) third-quarter 2022 revenues are expected to have benefited from higher freight revenues. However, rising expenses are expected to hurt its bottom line.
- 10/14/2022
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Covenant Logistics Group, Inc. Announces Timing of Third Quarter Earnings Release and Conference Call
- CHATTANOOGA, Tennessee, Oct. 03, 2022 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced it plans to release its third quarter earnings after 4:00 p.m. Eastern time on Thursday, October 20, 2022. Covenant Logistics Group, Inc. will hold a live conference call to discuss its third quarter earnings release on Friday, October 21, 2022, at 9:00 a.m. Eastern time. Individuals with questions may dial in at 877-550-1505 (U.S./Canada) and 0800-524-4760 (International). An audio replay will be available for one week following the call at 800-645-7964, access code 3895#. In addition, you will be able to listen to the audio replay for an extended period of time on our investor website, under the icon "Audio Archives". For additional financial and statistical information regarding the Company that may be discussed during the conference call, please visit our website at ww w .c o venantlogistics.com/investors under “Earnings Info.”
- 10/03/2022
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Trucking Stocks Race Up Rankings As Stock Market Correction Deepens
- As the stock market correction deepens, trucking stocks like Covenant, Marten, Heartland Express and Knight-Swift are holding up well. The post Trucking Stocks Race Up Rankings As Stock Market Correction Deepens appeared first on Investor's Business Daily.
- 09/30/2022
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Pick These 5 Bargain Stocks With Alluring EV-to-EBITDA Ratios
- We have screened bargain stocks DQ, TA, CVLG, UNFI and GEF based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.
- 09/26/2022
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5 Dividend Stocks with Strong Revisions Trends
- We need dividend stocks now as portfolio valuations melt away.
- 09/19/2022
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Is Covenant Logistics Group (CVLG) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 09/15/2022
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Has Covenant Logistics Group (CVLG) Outpaced Other Transportation Stocks This Year?
- Here is how Covenant Logistics (CVLG) and Golar LNG (GLNG) have performed compared to their sector so far this year.
- 09/14/2022
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3 Transportation Stocks That Deserve a Spot on Any Watchlist
- With the Zacks Transportation Sector carrying such a favorable rank, let's look at three highly-ranked stocks in the realm.
- 09/08/2022
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The Fed Sends Home Sales Down, But Still a Strong Housing Market
- There is strong underlying demand for cheaper housing and first-time, entry-level buyers will flood the market as soon as prices come down.
- 09/02/2022
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5 Hot Transportation Stocks to Buy Today
- The transportation sector continues to sail along in what appears to be a slowing economy.
- 08/31/2022
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Should Value Investors Buy Covenant Logistics Group (CVLG) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 08/30/2022
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Are Transportation Stocks Lagging Covenant Logistics Group (CVLG) This Year?
- Here is how Covenant Logistics (CVLG) and Golar LNG (GLNG) have performed compared to their sector so far this year.
- 08/29/2022
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Is Trending Stock Covenant Logistics Group, Inc. (CVLG) a Buy Now?
- Recently, Zacks.com users have been paying close attention to Covenant Logistics (CVLG). This makes it worthwhile to examine what the stock has in store.
- 08/25/2022
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Tap 5 Bargain Stocks With Incredibly Low EV/EBITDA Ratios
- We have screened bargain stocks CVLG, TA, SPTN, GEF and PATK based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.
- 08/25/2022
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Is Covenant Logistics Group (CVLG) Stock Outpacing Its Transportation Peers This Year?
- Here is how Covenant Logistics (CVLG) and Golar LNG (GLNG) have performed compared to their sector so far this year.
- 08/12/2022
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5 Stocks Worth a Look Following Upgrade by Brokers
- For significant returns, investors should keep broker-favored stocks like C.H. Robinson Worldwide (CHRW), Covenant Logistics (CVLG), ArcBest (ARCB), American Airlines (AAL) and Bunge Limited (BG) on their radar.
- 08/12/2022
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Is Most-Watched Stock Covenant Logistics Group, Inc. (CVLG) Worth Betting on Now?
- Zacks.com users have recently been watching Covenant Logistics (CVLG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 08/10/2022
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Find 'Strong Buy' Stocks Trading Near Highs in August
- There are, of course, many areas of the market performing well in 2022. Let's explore a Zacks screen that helps us find 'Strong Buy' stocks that are climbing to hover near their 52-week highs in the face of growing uncertainty.
- 08/09/2022
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What Makes Covenant Logistics (CVLG) a Strong Momentum Stock: Buy Now?
- Does Covenant Logistics (CVLG) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 08/01/2022
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Covenant Logistics Group, Inc. (CVLG) Soars to 52-Week High, Time to Cash Out?
- Covenant Logistics (CVLG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 07/28/2022
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Covenant expects temporary headwinds, sees 2023 as ‘breakout year'
- Covenant Logistics Group told analysts Tuesday the freight market has been up and down in recent months due to inflationary pressures and softening freight demand but remains optimistic about its future. “We're going to get a [back to] school rebound and then get into the Christmas season shortly thereafter,” said David R.
- 07/26/2022
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Covenant Logistics Group, Inc. (CVLG) CEO David Parker on Q2 2022 Results - Earnings Call Transcript
- Covenant Logistics Group, Inc. (NASDAQ:CVLG ) Q2 2022 Earnings Conference Call July 26, 2022 10:00 AM ET Company Participants David Parker - Chairman and Chief Executive Officer Joey Hogan - President Paul Bunn - Senior Executive Vice President and Chief Operating Officer Tripp Grant - Executive Vice President and Chief Financial Officer Conference Call Participants Jason Seidl - Cowen Scott Group - Wolfe Research Jack Atkins - Stephens Bert Subin - Stifel Operator Welcome to today's Covenant Logistics Group Q2 2022 Earnings Release and Investor Conference call. Our host for today's call is Joey Hogan.
- 07/26/2022
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Covenant Logistics (CVLG) Beats Q2 Earnings and Revenue Estimates
- Covenant Logistics (CVLG) delivered earnings and revenue surprises of 19.85% and 9.90%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 07/25/2022
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Covenant beats Q2 earnings estimates despite ‘softening' freight market
- Covenant Logistics Group reported Monday after the market close second-quarter earnings of $1.63 per share on total revenue of $317.3 million, a 23% increase compared to the same period in 2021. Chattanooga, Tennessee-based Covenant beat analysts' expectations for earnings per share of $1.36 and revenue of $288 million, in spite of “unprecedented cost inflation, unusually high insurance costs, minimal gain on sale of used equipment and a softening in the freight market,” said Chairman and CEO David R.
- 07/25/2022
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Is Covenant Logistics Group (CVLG) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 07/25/2022
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After Golden Cross, Covenant Logistics (CVLG)'s Technical Outlook is Bright
- When a stock experiences a golden cross technical event, good things could be on the horizon. How should investors react?
- 07/22/2022
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3 Top-Ranked Small-Caps up Double-Digits in 2022
- Small-cap stocks have high growth potential but also carry a higher level of risk. Simply put, they can be seen as a double-edged sword.
- 07/19/2022
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5 Low Leverage Stocks to Buy Amid Market Turmoil
- With fears of the United States probably being on the verge of another recession looming large, low leverage stocks like ARCH, VLO, APLE, MATX and CVLG should be in your portfolio.
- 07/15/2022
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New Strong Buy Stocks for July 15th
- GIL, PBR, CVLG, FSTX and CVBF have been added to the Zacks Rank #1 (Strong Buy) List on July 15, 2022.
- 07/15/2022
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Best Value Stocks to Buy for July 15th
- CVLG, IBCP, and GIL made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 15, 2022.
- 07/15/2022
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Fast-paced Momentum Stock Covenant Logistics (CVLG) Is Still Trading at a Bargain
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Covenant Logistics (CVLG) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 07/14/2022
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New Strong Buy Stocks for July 12th
- LBRT, BLDR, AXL, CVLG, and DLNG have been added to the Zacks Rank #1 (Strong Buy) List on July 12, 2022.
- 07/12/2022
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Has Covenant Logistics Group (CVLG) Outpaced Other Transportation Stocks This Year?
- Here is how Covenant Logistics (CVLG) and Golar LNG (GLNG) have performed compared to their sector so far this year.
- 07/11/2022
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Covenant Logistics Group: Still Cheap
- Covenant Logistics Group has performed exceptionally well compared to the broader market in recent months. This comes as strong revenue and cash flow growth persists into 2022 despite concerns of a possible recession.
- 07/02/2022
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Covenant Logistics Group, Inc. Announces Timing of Second Quarter Earnings Release and Conference Call
- CHATTANOOGA, Tenn., July 01, 2022 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced it plans to release its second quarter earnings after 4:00 p.m. Eastern time on Monday, July 25, 2022. Covenant Logistics Group, Inc. will hold a live conference call to discuss its second quarter earnings release on Tuesday, July 26, 2022 at 10:00 a.m. Eastern time. Individuals with questions may dial in at 800-231-0316 (U.S./Canada) and 0800-524-4760 (International). An audio replay will be available for one week following the call at 800-645-7964, access code 3895#. In addition, you will be able to listen to the audio replay for an extended period of time on our investor website, under the icon "Audio Archives". For additional financial and statistical information regarding the Company that may be discussed during the conference call, please visit our website at www.covenantlogistics.com/investors under “Earning Info.”
- 07/01/2022
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Will Covenant Logistics (CVLG) Gain on Rising Earnings Estimates?
- Covenant Logistics (CVLG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 06/28/2022
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Is Covenant Logistics Group (CVLG) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 06/28/2022
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Covenant Logistics (CVLG) Is Attractively Priced Despite Fast-paced Momentum
- Covenant Logistics (CVLG) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 06/28/2022
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Strength Seen in Covenant Logistics (CVLG): Can Its 13.6% Jump Turn into More Strength?
- Covenant Logistics (CVLG) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
- 06/27/2022
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12 of Wall Street's Newest Dividend Stocks
- Skyrocketing inflation has spurred demand for investments that can keep pace with rising prices. This includes renewed interest in income-paying investments, including both old and new dividend stocks.
- 05/06/2022
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Covenant Logistics Group, Inc. (CVLG) Management on Q1 2022 Results - Earnings Call Transcript
- Covenant Logistics Group, Inc. (NASDAQ:CVLG ) Q1 2022 Earnings Conference Call April 28, 2022 10:00 AM ET Company Participants Joey Hogan - President & Principal Financial Officer Paul Bunn - Chief Operating Officer Conference Call Participants Scott Group - Wolfe Research Jack Atkins - Stephens Jason Seidl - Cowen Bert Subin - Stifel Operator Welcome to today's Covenant Logistics Group Q1 2022 Earnings Release and Investor Conference Call. Our host for today's call is Joey Hogan.
- 04/29/2022
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Covenant Logistics (CVLG) Beats Q1 Earnings and Revenue Estimates
- Covenant Logistics (CVLG) delivered earnings and revenue surprises of 56.98% and 5.42%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 04/27/2022
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Truckload carrier Covenant's Q1 net income sets record for any quarter
- Covenant Logistics is the latest truckload carrier reporting a key performance record in its first-quarter earnings report, and the company did it while driving fewer trucks. Earnings of $1.35 per share on a non-GAAP basis were a record for any quarter, Chairman and CEO David Parker stated in Covenant's earnings release.
- 04/27/2022
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Trucking: Cowen cuts estimates over ‘growing concerns for carriers'
- Incremental capacity, cooling demand and plummeting spot rates were the catalysts for another analyst to reel in expectations for trucking companies. On Thursday, Cowen's Jason Seidl lowered earnings estimates for the truckload and less-than-truckload carriers he follows heading into the first-quarter earnings season, which starts Monday.
- 04/14/2022
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Covenant Logistics Group, Inc. Announces Timing of First Quarter Earnings Release and Conference Call
- CHATTANOOGA, Tenn., April 05, 2022 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced it plans to release its first quarter earnings after 4:00 p.m. Eastern time on Wednesday, April 27, 2022. Covenant Logistics Group, Inc. will hold a live conference call to discuss its fourth quarter earnings release on Thursday, April 28, 2022, at 10:00 a.m. Eastern time. Individuals with questions may dial in at 800-231-0316 (U.S./Canada) and 0800-524-4760 (International). An audio replay will be available for one week following the call at 800-645-7964, access code 3895#. In addition, you will be able to listen to the audio replay for an extended period of time on our investor website, under the icon "Audio Archives". For additional financial and statistical information regarding the Company that may be discussed during the conference call, please visit our website at www.covenantlogistics.com/investors under “Earning Info.”
- 04/05/2022
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Covenant Logistics (CVLG): Strong Industry, Solid Earnings Estimate Revisions
- Covenant Logistics (CVLG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 03/11/2022
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Covenant acquires hazmat hauler, announces $30M stock buyback plan
- Covenant Logistics Group announced Thursday it has completed the acquisition of AAT Carriers, which will become part of Covenant's expedited segment. Covenant also announced a plan to buy back up to $30 million of its Class A common stock.
- 02/10/2022
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Covenant expects strong freight market for 1st half of 2022
- Covenant Logistics Group management expects earnings in the first half of 2022 to be the same or higher as the first half of 2021 but anticipates slower earnings growth the rest of the year. The Chattanooga, Tennessee-based carrier reported adjusted earnings per share of $1.07 for the fourth quarter after the market closed Wednesday.
- 01/27/2022
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Covenant Logistics Group, Inc. (CVLG) CEO David Parker on Q4 2021 Results - Earnings Call Transcript
- Covenant Logistics Group, Inc. (CVLG) CEO David Parker on Q4 2021 Results - Earnings Call Transcript
- 01/27/2022
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Covenant beats expectations, delivers upbeat forecast
- Covenant Logistics Group reported Wednesday after the market close fourth-quarter earnings of $1.07 per share on total revenue of $294.2 million, a 31% increase compared to the same period in 2020. Covenant beat analysts' expectations for earnings per share of $1.04 and revenue of $282 million in Q4 2021.
- 01/26/2022
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Covenant Logistics (CVLG) Surpasses Q4 Earnings and Revenue Estimates
- Covenant Logistics (CVLG) delivered earnings and revenue surprises of 2.88% and 4.34%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 01/26/2022
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Covenant Logistics (CVLG) Earnings Expected to Grow: Should You Buy?
- Covenant Logistics (CVLG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/17/2022
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Covenant Logistics Group, Inc. Announces Timing of Fourth Quarter Earnings Release and Conference Call
- CHATTANOOGA, Tenn., Jan. 14, 2022 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced it plans to release its fourth quarter earnings after 4:00 p.m. Eastern time on Wednesday, January 26, 2022. Covenant Logistics Group, Inc. will hold a live conference call to discuss its fourth quarter earnings release on Thursday, January 27, 2022 at 10:00 a.m. Eastern time. Individuals with questions may dial in at 800-231-0316 (U.S./Canada) and 0800-524-4760 (International). An audio replay will be available for one week following the call at 800-645-7964, access code 3895#. In addition, you will be able to listen to the audio replay for an extended period of time on our investor website, under the icon "Audio Archives". For additional financial and statistical information regarding the Company that may be discussed during the conference call, please visit our website at www.covenantlogistics.com/investors under “Earning Info.”
- 01/14/2022
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Covenant Logistics Inks Letter Of Intent For 50 Nikola Zero-Emission Vehicles
- Covenant Logistics Group Inc (NASDAQ: CVLG) has signed a collaboration agreement with Nikola Corp (NASDAQ: NKLA) to add 50 zero-emission vehicles to its fleet. The agreement includes a Letter of Intent (LOI) for 10 Nikola Tre battery-electric vehicles (BEVs) and 40 Nikola Tre fuel cell electric vehicles (FCEVs).
- 01/11/2022
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Covenant Logistics Group: Upside Is Impaired Some By Volatility
- Covenant Logistics Group: Upside Is Impaired Some By Volatility
- 01/07/2022
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Covenant Logistics (CVLG) Outpaces Stock Market Gains: What You Should Know
- Covenant Logistics (CVLG) closed at $24.08 in the latest trading session, marking a +1.47% move from the prior day.
- 12/23/2021
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Has Covenant Logistics (CVLG) Outpaced Other Transportation Stocks This Year?
- Here is how Covenant Logistics (CVLG) and Norfolk Southern (NSC) have performed compared to their sector so far this year.
- 12/23/2021
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5 Most Promising Trucking Stocks to Buy as We Roll Into 2022
- The trucking industry is big business and a vital part of America's economic engine, which is why these stocks are outstanding prospects. The post 5 Most Promising Trucking Stocks to Buy as We Roll Into 2022 appeared first on InvestorPlace.
- 12/21/2021
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Covenant Logistics (CVLG) Gains But Lags Market: What You Should Know
- In the latest trading session, Covenant Logistics (CVLG) closed at $24.09, marking a +1.43% move from the previous day.
- 12/15/2021
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Covenant Logistics (CVLG) Stock Moves -0.5%: What You Should Know
- In the latest trading session, Covenant Logistics (CVLG) closed at $23.75, marking a -0.5% move from the previous day.
- 12/14/2021
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Pick These 5 Bargain Stocks With Enticing EV-to-EBITDA Ratios
- We have screened bargain stocks UNFI, TA, GMS, CLS and CVLG based on EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.
- 12/13/2021
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Covenant Logistics (CVLG) Stock Sinks As Market Gains: What You Should Know
- In the latest trading session, Covenant Logistics (CVLG) closed at $24.51, marking a -0.53% move from the previous day.
- 12/08/2021
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Is Covenant Logistics (CVLG) Stock Outpacing Its Transportation Peers This Year?
- Here is how Covenant Logistics (CVLG) and Norfolk Southern (NSC) have performed compared to their sector so far this year.
- 12/06/2021
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Covenant Logistics (CVLG) Gains But Lags Market: What You Should Know
- In the latest trading session, Covenant Logistics (CVLG) closed at $24.50, marking a +0.16% move from the previous day.
- 12/02/2021
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Is Covenant Logistics Group (CVLG) Stock Outpacing Its Transportation Peers This Year?
- Covenant Logistics Group (CVLG) Outperforming Other Transportation Stocks This Year?
- 11/18/2021
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Should Value Investors Buy Covenant Logistics (CVLG) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 11/10/2021
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Tap These 5 Bargain Stocks With Alluring EV-to-EBITDA Ratios
- We have screened bargain stocks TA, ASO, ASX, UVE and CVLG based on EV-to-EBITDA ratio that offers a clearer picture of valuation and earnings potential.
- 11/10/2021
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All You Need to Know About Covenant Logistics (CVLG) Rating Upgrade to Strong Buy
- Covenant Logistics (CVLG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- 11/04/2021
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Has Covenant Logistics Group (CVLG) Outpaced Other Transportation Stocks This Year?
- Is (CVLG) Outperforming Other Transportation Stocks This Year?
- 11/01/2021
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What Transportation Earnings Tell Us About the Supply Chain
- Supply chain issues are pretty much as bad as we had expected, but that makes transportation stocks attractive right now.
- 10/29/2021
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Is Covenant Logistics (CVLG) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 10/25/2021
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Covenant Logistics Group, Inc. (CVLG) CEO David Parker on Q3 2021 Results - Earnings Call Transcript
- Covenant Logistics Group, Inc. (CVLG) CEO David Parker on Q3 2021 Results - Earnings Call Transcript
- 10/21/2021
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Covenant gets Q3 boost from managed, expedited divisions
- Labor, rising fuel and insurance costs, and the “frothy freight market” were key talking points on Covenant Logistics Group's third-quarter earnings call Thursday with analysts. Covenant beat analysts' earnings-per-share and total revenue estimates for Q3, owing in large part to strength in its managed and expedited divisions.
- 10/21/2021
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Covenant Logistics (CVLG) Q3 Earnings and Revenues Beat Estimates
- Covenant Logistics (CVLG) delivered earnings and revenue surprises of 2.00% and 6.17%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
- 10/20/2021
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Will the Bull Run Continue for U.S. Trucking Industry?
- At this stage some trucking stocks are available at attractive valuation. These are ARCB, CVLG, LSTR, ODFL, SAIA and JBHT.
- 10/14/2021
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Covenant Logistics (CVLG) Outpaces Stock Market Gains: What You Should Know
- In the latest trading session, Covenant Logistics (CVLG) closed at $31.66, marking a +1.77% move from the previous day.
- 10/13/2021
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Covenant Logistics (CVLG) Hits 52-Week High, Can the Run Continue?
- Covenant Logistics (CVLG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 10/12/2021
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Bull of the Day: Covenant Logistics (CVLG)
- The huge demand for goods is causing delays and creating profits for trucking stocks.
- 09/29/2021
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4 Buy-Ranked Stocks that Soared Over 20% in the Past Week
- The market remains on its toes as investors digest the ton of information hitting us about now.
- 09/28/2021
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Is Covenant Logistics Group (CVLG) Stock Outpacing Its Transportation Peers This Year?
- Is (CVLG) Outperforming Other Transportation Stocks This Year?
- 09/28/2021
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Top Ranked Value Stocks to Buy for September 28th
- GEO, CVLG, ABG, and CASH made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 28, 2021.
- 09/28/2021
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Covenant Logistics (CVLG) Shows Fast-paced Momentum But Is Still a Bargain Stock
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Covenant Logistics (CVLG) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 09/27/2021
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Why Covenant Logistics (CVLG) Should Grace Your Portfolio
- Improving freight landscape is a huge boon for Covenant Logistics (CVLG).
- 09/24/2021
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Covenant Logistics Group, Inc. Announces Timing of Third Quarter Earnings Release and Conference Call
- CHATTANOOGA, Tenn., Sept. 22, 2021 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced it plans to release its third quarter earnings after 4:00 p.m. Eastern time on Wednesday, October 20, 2021. Covenant Logistics Group, Inc. will hold a live conference call to discuss its third quarter earnings release on Thursday, October 21, 2021 at 10:00 a.m. Eastern time. Individuals with questions may dial in at 800-338-4880 (U.S./Canada) and 800-756-3333 (International), access code 10318714. An audio replay will be available for one week following the call at 877-919-4059, access code 56234055. In addition, you will be able to listen to the audio replay for an extended period of time on our investor website, under the icon "Audio Archives". For additional financial and statistical information regarding the Company that may be discussed during the conference call, please visit our website at www.c o venantlogistics.com/investors under “Earning Info.”
- 09/22/2021
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Covenant Logistics (CVLG) Moves 11.5% Higher: Will This Strength Last?
- Covenant Logistics (CVLG) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
- 09/22/2021
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Covenant Logistics (CVLG) Hits 52-Week High, Can the Run Continue?
- Covenant Logistics (CVLG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 09/22/2021
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Top Ranked Value Stocks to Buy for September 22nd
- CCS, PCB, CC, and CVLG made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 22, 2021.
- 09/22/2021
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Supply chain woes still plague freight industry
- Transfix CEO and President Lily Shen joins The Exchange to discuss the state of the freight and shipping markets and how stretched supply chains are right now. Shen also discusses her company's upcoming SPAC.
- 09/21/2021
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Top Ranked Value Stocks to Buy for September 17th
- SALM, CVLG, WLK, and TGH made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 17, 2021.
- 09/17/2021
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4 Stocks to Gain as E-commerce Drives Retail Logistics Demand
- Invest in companies like ArcBest (ARCB), Matson (MATX), Atlas Air Worldwide (AAWW) and Covenant Logistics (CVLG) as e-commerce continues to drive the demand for retail logistics.
- 09/14/2021
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Covenant Logistics Group, Inc. Announces Final Results of its Modified Dutch Auction Tender Offer
- CHATTANOOGA, Tenn., Sept. 09, 2021 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today the final results of its modified Dutch Auction tender offer, which expired one minute after 11:59 P.M., New York City time, on September 3, 2021.
- 09/09/2021
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Is Covenant Logistics Group (CVLG) Outperforming Other Transportation Stocks This Year?
- Is (CVLG) Outperforming Other Transportation Stocks This Year?
- 09/09/2021
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Is Covenant Logistics (CVLG) A Suitable Value Investor Stock?
- Let's see if Covenant Logistics (CVLG) stock is a good choice for value-oriented investors right now from multiple angles.
- 09/08/2021
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Covenant Logistics Group, Inc. Announces Preliminary Results of Its Modified Dutch Auction Tender Offer
- CHATTANOOGA, Tenn., Sept. 07, 2021 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today the preliminary results of its modified Dutch Auction tender offer, which expired one minute after 11:59 P.M., New York City time, on September 3, 2021.
- 09/07/2021
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Top Ranked Value Stocks to Buy for September 2nd
- CVLG, X, MHO, and WIRE made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 2, 2021
- 09/02/2021
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New Strong Buy Stocks for September 2nd
- CVLG, GBX, RICK, DECK, and JNPR have been added to the Zacks Rank #1 (Strong Buy) List on September 2, 2021.
- 09/02/2021
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Covenant Logistics (CVLG) is a Great Momentum Stock: Should You Buy?
- Does Covenant Logistics (CVLG) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 08/31/2021
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Covenant Logistics (CVLG) Hits 52-Week High, Can the Run Continue?
- Covenant Logistics (CVLG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 08/31/2021
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5 Top-Ranked Stocks With Superior Earnings Yield
- Consider adding high earnings yield stocks including IPI, MARA, CVLG, AXS and SIMO to your portfolio for handsome gains.
- 08/27/2021
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Top Ranked Value Stocks to Buy for August 26th
- CVLG, TPH, WLK, and OLN made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 26, 2021.
- 08/26/2021
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Has Covenant Logistics Group (CVLG) Outpaced Other Transportation Stocks This Year?
- Is (CVLG) Outperforming Other Transportation Stocks This Year?
- 08/24/2021
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All You Need to Know About Covenant Logistics (CVLG) Rating Upgrade to Strong Buy
- Covenant Logistics (CVLG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- 08/23/2021
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Top Ranked Value Stocks to Buy for August 23rd
- TGH, CVLG, DOW, and HAFC made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 23, 2021
- 08/23/2021
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New Strong Buy Stocks for August 16th
- CVLG, DDS, MHO, OPCH, and TUP have been added to the Zacks Rank #1 (Strong Buy) List on August 16, 2021.
- 08/16/2021
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Top Ranked Value Stocks to Buy for August 16th
- MHO, AAWW, CVLG, and TUP made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 16, 2021.
- 08/16/2021
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4 Transportation Stocks At Attractive Valuations
- Valuations in the transportation sector have come down in the last couple of months, creating an opportunity to buy some great stocks.
- 08/11/2021
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Surging Earnings Estimates Signal Upside for Covenant Logistics (CVLG) Stock
- Covenant Logistics (CVLG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 08/11/2021
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Covenant Logistics Begins Modified Dutch Auction Tender Offer For Up To $40M Class A Shares
- Covenant Logistics Group Inc (NASDAQ: CVLG) commenced a modified Dutch Auction tender offer to purchase up to $40 million of its Class A common stock at a price not less than $21.00 nor greater than $23.00 per share in cash. Covenant's closing price of Class A common stock on August 6, 2021, the last full trading day before the start of the tender offer, was $20.27 per share.
- 08/09/2021
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Covenant Logistics Group, Inc. to Commence Modified Dutch Auction Tender Offer to Purchase up to $40.0 Million of its Class A Shares
- CHATTANOOGA, Tenn., Aug. 09, 2021 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today that it commenced a modified Dutch Auction tender offer to purchase up to $40.0 million of its Class A common stock, or such lesser number of shares of its Class A common stock as are properly tendered and not properly withdrawn, at a price not less than $21.00 nor greater than $23.00 per share of Class A common stock, to the seller in cash, less any applicable withholding taxes and without interest. The offer is made upon the terms and subject to the conditions described in the offer to purchase and in the related letter of transmittal. The closing price of Covenant's Class A common stock on the Nasdaq on August 6, 2021, the last full trading day before the commencement of the tender offer, was $20.27 per share. The tender offer is scheduled to expire at one minute after 11:59 P.M., New York City time, on September 3, 2021, unless the offer is extended.
- 08/09/2021
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Is Covenant Logistics Group (CVLG) Stock Outpacing Its Transportation Peers This Year?
- Is (CVLG) Outperforming Other Transportation Stocks This Year?
- 08/05/2021
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Is This the Time to Buy Growth or Value?
- Whether you're a growth or value investor, it always pays to buy cheap.
- 08/02/2021
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Trucking Stocks Are Still Going Places
- Trucking is a rather attractive market right now.
- 07/27/2021
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Covenant focuses on improving results in downside of cycle
- Management from Covenant Logistics Group (NASDAQ: CVLG) said on a call with analysts Thursday the company expects earnings in the back half of 2021 to be higher than the first half of the year. The Chattanooga, Tennessee-based carrier reported adjusted earnings per share of 96 cents for the second quarter after the market close Wednesday.
- 07/22/2021
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Covenant Logistics Group, Inc. (CVLG) Management on Q2 2021 Results - Earnings Call Transcript
- Covenant Logistics Group, Inc. (CVLG) Management on Q2 2021 Results - Earnings Call Transcript
- 07/22/2021
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Covenant sees ‘demand firing on all cylinders'
- Covenant Logistics Group (NASDAQ: CVLG) reported adjusted second-quarter earnings of 96 cents per share after the close Wednesday, ahead of the consensus estimate of 67 cents per share. Adjusted net income was $16.3 million compared to just north of $400,000 in the year-ago quarter.
- 07/21/2021
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Covenant Logistics (CVLG) Tops Q2 Earnings and Revenue Estimates
- Covenant Logistics (CVLG) delivered earnings and revenue surprises of 50.00% and 14.94%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 07/21/2021
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Covenant Logistics Group Announces Second Quarter Financial and Operating Results
- CHATTANOOGA, Tenn., July 21, 2021 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today financial and operating results for the second quarter ended June 30, 2021. The Company's live conference call to discuss the quarter will be held at 10:00 A.M. Eastern Time on Thursday, July 22nd, 2021.
- 07/21/2021
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Covenant Logistics Group's Earnings Outlook
- Covenant Logistics Group (NASDAQ:CVLG) will be releasing its next round of earnings this Wednesday, July 21. For all of the relevant information, here is your guide for Wednesday's Q2 earnings announcement.
- 07/20/2021
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What Awaits Covenant Logistics (CVLG) This Earnings Season?
- Betterment of the freight scenario in the United States is likely to have boosted Covenant Logistics' (CVLG) Q2 performance.
- 07/16/2021
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Will Covenant Logistics (CVLG) Beat Estimates Again in Its Next Earnings Report?
- Covenant Logistics (CVLG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 07/14/2021
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Top Ranked Value Stocks to Buy for June 30th
- Top Ranked Value Stocks to Buy for June 30th
- 06/30/2021
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New Strong Buy Stocks for June 30th
- New Strong Buy Stocks for June 30th
- 06/30/2021
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Covenant Logistics Group, Inc. Announces Timing of Second Quarter Earnings Release and Conference Call
- CHATTANOOGA, Tenn., June 28, 2021 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced it plans to release its second quarter earnings after 4:00 p.m. Eastern time on Wednesday, July 21, 2021. Covenant Logistics Group, Inc. will hold a live conference call to discuss its second quarter earnings release on Thursday, July 22, 2021 at 10:00 a.m. Eastern time. Individuals with questions may dial in at 877-271-1828 (U.S./Canada) and 800-756-3333 (International), access code 28271059. An audio replay will be available for one week following the call at 877-919-4059, access code 70996679. In addition, you will be able to listen to the audio replay for an extended period of time on our investor website, under the icon "Audio Archives". For additional financial and statistical information regarding the Company that may be discussed during the conference call, please visit our website at www.covenanttransport.com/investors under the tab “Earnings Info.”
- 06/28/2021
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How Covenant Logistics (CVLG) Stock Stands Out in a Strong Industry
- Covenant Logistics (CVLG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 06/25/2021
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5 Stocks to Gain as E-commerce Boosts Demand for Logistics
- The logistics industry seems set for growth in the future as well, thanks to the boost it is receiving from e-commerce, making it wise to invest in names like Covenant Logistics (CVLG) and Matson (MATX).
- 06/11/2021
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4 Trucking Stocks to Buy as Freight Scene Continues to Improve
- With the freight scenario continuing to improve and trucking rates rising, stocks like Landstar (LSTR), Covenant Logistics (CVLG), Old Dominion (ODFL) and J.B. Hunt (JBHT) should continue to benefit.
- 06/08/2021
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Is the Recovery Priced In?
- It is the uncertainties that create opportunities for the watchful.
- 06/07/2021
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Covenant Logistics (CVLG) Sees Hammer Chart Pattern: Time to Buy?
- Covenant Logistics Group (CVLG) has been struggling lately, but the selling pressure may be coming to an end soon
- 06/07/2021
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Top Ranked Value Stocks to Buy for June 1st
- Top Ranked Value Stocks to Buy for June 1st
- 06/01/2021
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U.S. Business Activity Hits Record High: 5 Stocks to Buy
- Business services activity has been picking up as the economy continues to reopen. This is likely to help stocks like Vectrus (VEC), Concentrix Corporation (CNXC) and Dine Brands Global (DIN).
- 05/25/2021
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U.S. Services Sector Hits Record High in Early May: 6 Picks
- We have narrowed down our search to six stocks from the services industries that popped double digits in the past three months. These are: BLMN, DIN, ONEW, RICK, EXPD and CVLG.
- 05/24/2021
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Can U.S. Small Businesses Maintain Optimism in 2021?
- A large number of small-cap stocks have skyrocketed so far this year. Several of them have more upside left for 2021.
- 05/14/2021
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New Strong Buy Stocks for April 30th
- New Strong Buy Stocks for April 30th
- 04/30/2021
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Trucking's tailwinds evident in first quarter
- Trends so far during the first-quarter earnings season are supportive of truckload carriers posting sizable growth in 2021. February's severe winter storms had many analysts lowering estimates for the quarter heading into the print.
- 04/27/2021
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Covenant declares strongest first quarter in its history
- Covenant Logistics Group (NASDAQ: CVLG) turned in a strong performance in the first three months of the year, declaring it the strongest first quarter earnings in the company's history. Non-generally accepted accounting principles earnings of 56 cents per share blew past Wall Street consensus forecasts by 20 cents per share, according to SeekingAlpha.
- 04/26/2021
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Covenant Logistics Group: Q1 Earnings Insights
- Shares of Covenant Logistics Group (NASDAQ:CVLG) increased in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 722.22% year over year to $0.56, which beat the estimate of $0.36.
- 04/26/2021
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Covenant Logistics Group Announces First Quarter Financial and Operating Results
- CHATTANOOGA, Tenn., April 26, 2021 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today financial and operating results for the first quarter ended March 31, 2021. The Company's live conference call to discuss the quarter will be held at 11:00 A.M. Eastern Time on Tuesday, April 27th, 2021.
- 04/26/2021
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Covenant Logistics (CVLG) Is Attractively Priced Despite Fast-paced Momentum
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Covenant Logistics (CVLG) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 04/22/2021
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Three-person ‘office of the CEO' to run Covenant, but Parker retains post
- David Parker, who along with his wife is the largest shareholder in Covenant Logistics (NASDAQ: CVLG), is remaining as CEO of the company but as one part of a newly created three-person “Office of the CEO.” The office will also include Joey Hogan as president of the company and Paul Bunn as senior executive vice president and COO.
- 04/09/2021
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Are Investors Undervaluing Covenant Logistics (CVLG) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 04/08/2021
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Covenant Logistics Group Announces Continued Evolution of Leadership Team
- CHATTANOOGA, Tenn., April 07, 2021 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant”) announced today key changes to the executive leadership team.
- 04/07/2021
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Covenant Logistics (CVLG) Hits Fresh High: Is There Still Room to Run?
- Covenant Logistics (CVLG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 04/07/2021
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Covenant Logistics Group, Inc. Announces Timing of First Quarter Earnings Release and Conference Call
- CHATTANOOGA, Tenn., March 24, 2021 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced its plans to release its first quarter earnings after 4:00 p.m. Eastern time on Monday, April 26, 2021. Covenant Logistics Group, Inc. will hold a live conference call to discuss its first quarter earnings release on Tuesday, April 27, 2021 at 11:00 a.m. Eastern time. Individuals with questions may dial in at 877-271-1828 (U.S./Canada) and 800-756-3333 (International), access code 25574825. An audio replay will be available for one week following the call at 877-919-4059, access code 58530150. In addition, you will be able to listen to the audio replay for an extended period of time on our investor website, under the icon "Audio Archives". For additional financial and statistical information regarding the Company that may be discussed during the conference call, please visit our website at www.covenanttransport.com/investors under the tab “Earnings Info.”
- 03/24/2021
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Is Covenant Logistics (CVLG) Stock a Solid Choice Right Now?
- Covenant Logistics (CVLG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 03/23/2021
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Will Covenant Logistics (CVLG) Gain on Rising Earnings Estimates?
- Covenant Logistics (CVLG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 03/19/2021
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Covenant Logistics Group, Inc. (CVLG) CEO David Parker on Q4 2020 Results - Earnings Call Transcript
- Covenant Logistics Group, Inc. (CVLG) CEO David Parker on Q4 2020 Results - Earnings Call Transcript
- 01/26/2021
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Covenant Logistics Group: Q4 Earnings Insights
- Shares of Covenant Logistics Group (NASDAQ:CVLG) move lower by 1.06% after the company reported Q4 results. Quarterly Results Earnings per share increased 510.00% year over year to $0.61, which were in line with the estimate of $0.61.
- 01/25/2021
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Covenant Logistics Group Announces Fourth Quarter Financial and Operating Results
- CHATTANOOGA, Tenn., Jan. 25, 2021 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant”) announced today financial and operating results for the fourth quarter ended December 31, 2020. The Company's live conference call to discuss the quarter will be held at 11:00 A.M. Eastern Time on Tuesday, January 26, 2021.
- 01/25/2021
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Covenant Logistics Group, Inc. Announces Timing of Fourth Quarter Earnings Release and Conference Call
- CHATTANOOGA, Tenn., Jan. 05, 2021 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced it plans to release its fourth quarter earnings after 4:00 p.m. Eastern time on Monday, January 25, 2021. Covenant Logistics Group, Inc. will hold a live conference call to discuss its fourth quarter earnings release on Tuesday, January 26, 2021 at 11:00 a.m. Eastern time. Individuals with questions may dial in at 877-271-1828 (U.S./Canada) and 800-756-3333 (International), access code 72840331. An audio replay will be available for one week following the call at 877-919-4059, access code 48768713. In addition, you will be able to listen to the audio replay for an extended period of time on our investor website, under the icon "Audio Archives". For additional financial and statistical information regarding the Company that may be discussed during the conference call, please visit our website at www.covenanttransport.com/investors under the tab “Earnings Info.”
- 01/05/2021
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3 Capital-Intensive Stocks to Consider
- When looking for value opportunities amid companies operating in capital-intensive industries, one strategy investors may want to consider is to look for stocks whose price-to-tangible-book-value ratios are more appealing than their peers.
- 12/29/2020
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Frozen Food Express latest to announce driver pay hike
- Temperature-controlled less-than-truckload carrier Frozen Food Express (FFE) announced Monday that linehaul driver pay will increase significantly beginning in early January. The Dallas-based company plans to increase pay for new linehaul solo company drivers by 25%, with some experienced drivers earning up to 60 cents per mile in base pay.
- 12/14/2020
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Covenant stock hammered on earnings, but execs affirm support for transition
- A quarterly earnings report in the middle of a company transition can always be tricky, as the short-term focus on earnings and revenue can obscure that management is trying to implement a plan to get to a different place. In that sense, the third-quarter report of Covenant Logistics could be viewed as a success.
- 10/27/2020
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Covenant Logistics Group, Inc. (CVLG) CEO David Parker on Q3 2020 Results - Earnings Call Transcript
- Covenant Logistics Group, Inc. (CVLG) CEO David Parker on Q3 2020 Results - Earnings Call Transcript
- 10/27/2020
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Covenant Logistics (CVLG) Tops Q3 Earnings and Revenue Estimates
- Covenant Logistics (CVLG) delivered earnings and revenue surprises of 5.66% and 3.70%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
- 10/26/2020
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Small revenue growth but big profit jump at Covenant in Q3
- Covenant Logistics squeezed a significant amount of profit out of a relatively small increase in revenue in the third quarter, improving its operating ratio by more than 500 points compared to the third quarter of last year. Total revenue including fuel rose 4.3%, to $210.8 million, while revenue excluding fuel was down by about $1 million.
- 10/26/2020
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Foot Insoles Market will Showcase Positive Impact During 2020-2024 | Increasing Geriatric Population to Boost Market Growth | Technavio
- The Global Foot Insoles Market will grow by USD 1.68 bn during 2020-2024
- 10/16/2020
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Covenant Logistics Group, Inc. Announces Timing of Third Quarter Earnings Release and Conference Call
- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced it plans to release its third quarter earnings after 4:00 p.m. Eastern time on Monday, October 26,
- 10/01/2020
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Orthotic Foot Insoles Market- Roadmap for Recovery from COVID-19 | The Increase In Diabetic Cases to Boost the Market Growth | Technavio
- The Global Orthotic Foot Insoles Market will grow by USD 1.12 bn during 2020-2024
- 09/17/2020
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Covenant Logistics Group Announces Second Quarter Financial and Operating Results
- CHATTANOOGA, Tenn., Aug. 10, 2020 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant”) announced today financial and operating results for the second quarter ended June 30, 2020. The results reflect the classification of the Company’s former factoring segment, Transport Financial Solutions (“TFS”), the assets of which were sold on July 8, 2020, as discontinued operations. Notable results for the quarter included the following: * We incurred approximately $29.3 million of net expenses related to reducing our terminal network and operational tractor and trailer fleet, changing our business mix, and reducing our non-revenue generating fixed costs. * Total revenue of $191.7 million, a decrease of 11.7% compared with the second quarter of 2019. * Freight revenue of $179.6 million (excludes revenue from fuel surcharges), a decrease of 6.8% compared with the second quarter of 2019. * Operating loss from continuing operations of $29.0 million and an operating ratio of 115.1%. Adjusted operating income(1) of $1.0 million and an adjusted operating ratio(1) of 99.5%. This compares with operating income of $7.0 million and an operating ratio of 96.8% and adjusted operating income(1) of $7.8 million and an adjusted operating ratio(1) of 96.0% in the second quarter of 2019. * Net loss of $22.3 million, or loss per share of $1.31. This compares with net income of $6.1 million, or earnings per diluted share of $0.33 in the second quarter of 2019. Adjusted net income(1) of $0.5 million, or adjusted earnings per share(1) of $0.03. This compares with adjusted net income(1) of $6.6 million, or adjusted earnings per diluted share(1) of $0.35 in the second quarter of 2019. * The second quarter consolidated net loss and adjusted net income included a $0.4 million, or $0.02 per share, pass-through earnings from the Company’s 49% equity investment in Transport Enterprise Leasing (“TEL”). This compares to a $1.8 million, or $0.10 per diluted share, pass-through income from the Company’s investment in TEL included in consolidated net income and adjusted net income in the second quarter of 2019.Chairman and Chief Executive Officer, David R. Parker, commented:“In the second quarter, we made significant progress in our efforts to restructure our business units, terminal network, and management team to focus our talent, time and capital on areas where we believe we have the ability to grow and produce a consistent, acceptable margin. The changes are extensive, and we expect them to be ongoing through the end of the year. In terms of second quarter results, the changes in our business mix, the restructuring gains and charges detailed below, and the impact of Covid-19-related business restrictions, particularly by automotive, airline and certain retail customers, make comparisons difficult. Moreover, certain strategies we implemented reduced our revenue during the quarter while cost savings are expected to be realized on an ongoing basis. Overall, I am pleased with our current position, which features strong liquidity, a de-leveraged balance sheet, lower overhead costs, increased accountability and speed of decision making, and re-aligned business units.“In terms of the freight market, the second quarter was very weak during April and improved sequentially each quarter. The automotive and automotive supplier customers in our Dedicated truckload operations returned to normalized levels in July. On a seasonally adjusted basis, July was better than normal, and the freight environment has continued to improve in August.”Strategic Restructuring and Other Second Quarter AdjustmentsMr. Parker continued, “During the second quarter of 2020, we executed a number of decisions and transactions consistent with our strategic plan, including the sale or exit of certain real estate, downsizing unprofitable operations, and reallocating fleet assets. The net financial impact of these actions negatively impacted our second quarter results. The identifiable portion of these actions, which we consider infrequent in nature, include the following:Gain item: Gain on sale of Hutchins, TX terminal$ 5.7 million Expense items: Impairment of revenue generating equipment$17.6 million* Impairment of real estate and related tangible assets$10.1 million* Employee separation costs$ 1.8 million Abandonment of long-lived software$ 1.6 million Abandonment and change in useful life intangible assets$ 1.3 million Increase in allowance for bad debt$ 2.6 million Net strategic restructuring and other second quarter adjustments$29.3 million * Of the combined $27.8 million, $26.6 million included in impairment on property and equipment, while $0.8 million is related to leases and reflected in revenue equipment rentals and purchased transportation and $0.3 million is related to certain contract exit costs and reflected in general supplies and expenses.We believe the largest portion of strategic plan implementation costs was recognized in the second quarter, but additional costs, not all of which are expected to be separately identifiable, are expected during the remainder of 2020.Combined Truckload RevenueMr. Parker commented on truckload operations, “For the quarter, total revenue in our Truckload operations decreased to $145.7 million, a decrease of $29.7 million compared with the second quarter of 2019. This decrease consisted of $17.5 million lower freight revenue and $12.2 million lower fuel surcharge revenue. The $17.5 million decrease in freight revenue primarily related to an 8.7% average operating fleet reduction to 2,820 tractors in the current year quarter from 3,087 in the prior year quarter, and a 3.2% decrease in average freight revenue per tractor. Average freight revenue per tractor per week decreased to $3,647 during the 2020 quarter from $3,767 during the 2019 quarter. Average freight revenue per total mile decreased by 1.6 cents per mile, or 0.9%, compared to the 2019 quarter, while average miles per tractor decreased by 2.3%.Highway Services Truckload Revenue “For the quarter, freight revenue in our Highway Services segment was $73.3 million, a decrease of $5.5 million, or 7.0%. This decrease in freight revenue primarily related to an 8.8% average operating fleet reduction to 1,208 tractors in the current year quarter from 1,324 in the prior year quarter, partially offset by a 2.0% increase in average freight revenue per tractor. The average freight revenue per tractor increase in the Highway Services segment consisted primarily of a 9.3% increase in average miles per tractor, partially offset by a 12.6 cents per mile, or 6.7%, decrease in average freight revenue per total mile. The main factors impacting the increased utilization were an approximate 1170 basis point increase in the percentage of our Highway Services operating fleet comprised of team-driven trucks and an improved average seated truck percentage, as only 3.7% of our Highway Services operating fleet lacked drivers during the 2020 quarter compared with 6.9% during the 2019 quarter. Consistent with our strategic plan, we downsized the number of solo-driver tractors operating in irregular routes and increased the concentration of assets in our Highway Services segment toward expedited team operations.Dedicated Truckload Revenue “For the quarter, freight revenue in our Dedicated segment was $60.4 million, a decrease of $12.0 million, or 16.6%. This decrease in freight revenue primarily related to the combination of the pandemic-related shutdowns at two large automotive customers and an 8.6% average operating fleet reduction to 1,612 tractors in the current year quarter from 1,763 in the prior year quarter, and a 8.7% decrease in average freight revenue per tractor. The average freight revenue per tractor decrease in the Dedicated segment consisted primarily of a 14.3% decrease in average miles per tractor, partially offset by a 11.6 cents per mile, or 6.4%, increase in average freight revenue per total mile. Although our strategic plan is to grow our Dedicated segment over time, exiting certain contracts in the near term was and will continue to be essential to improving the legacy Covenant dedicated operations. The Landair dedicated operations acquired in 2018 continued to perform at attractive margins.”Combined Truckload Operating Expenses Mr. Parker continued, “Excluding the impact of the truckload-related restructuring and other second quarter 2020 adjustments noted above, total operating expenses, net of fuel surcharges increased 7.4 cents per mile compared to the 2019 quarter for our combined truckload segment.“Salaries, wages, and related expenses decreased year-over-year but increased 6.7 cents per total mile compared to the 2019 quarter. On a per mile basis, we experienced year-over-year increases to driver wages and non-driver wages, partially offset by a decrease to workers’ compensation expense. The per mile increase in driver wages includes additional cost associated with non-revenue miles necessary to reposition equipment related to the reduction in the operating fleet, as well as to place certain equipment to startup new dedicated customer operations. The per mile increase to non-driver wages was primarily the result of the lower year-over-year truck utilization, along with the second quarter of 2019’s $1.8 million credit to previously accrued stock compensation expense.“Insurance and claims expense increased $1.1 million, or 3.0 cents per total mile, to 15.4 cents per total mile in the second quarter of 2020 versus 12.4 cents per total mile in the second quarter of 2019. The net increase per mile included higher fixed premium expense of approximately $0.5 million spread over fewer miles and increasing claims accruals associated with the estimated outcome of certain auto liability claims.
- 08/10/2020
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SMS acquisition of Solo Energy will bring 20 new jobs to Cork
- With the backing of SMS, Cork-based Solo Energy will scale its business and create roles for software developers and project managers.
- 08/04/2020
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Covenant Logistics Group, Inc. Announces Delay of Second Quarter Earnings Release and Conference Call
- CHATTANOOGA, Tenn., July 22, 2020 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced it will delay the release its second quarter earnings that was previously scheduled for after 4:00 p.m. Eastern time on Wednesday, July 22, 2020, as well as the live conference call to discuss its second quarter earnings release scheduled for Thursday, July 23, at 11:00 a.m. Eastern time. Covenant Logistics Group, Inc., through its subsidiaries, offers a portfolio of transportation and logistics services to customers throughout the United States. Primary services include asset-based expedited, dedicated, and irregular route truckload capacity, as well as asset-light warehousing, transportation management, and freight brokerage capability. In addition, Transport Enterprise Leasing is an affiliated company providing revenue equipment sales and leasing services to the trucking industry. Covenant's Class A common stock is traded on the NASDAQ Global Select market under the symbol, “CVLG.”For further information contact: Richard B. Cribbs, Senior Vice President of Strategy & Investor Relations, Treasurer RCribbs@covenanttransport.com M. Paul Bunn, Executive Vice President, Chief Financial Officer PBunn@covenanttransport.com For copies of Company information contact: Theresa Ives, Executive Administrative Assistant TIves@covenanttransport.com
- 07/22/2020
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Covenant Logistics Group, Inc.'s (NASDAQ:CVLG) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
- Covenant Logistics Group's (NASDAQ:CVLG) stock is up by a considerable 142% over the past three months. But the...
- 07/21/2020
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Covenant Logistics Group, Inc. Announces Timing of Second Quarter Earnings Release and Conference Call
- CHATTANOOGA, Tenn., July 20, 2020 -- Covenant Logistics Group, Inc. (Nasdaq/GS: CVLG) announced it plans to release its second quarter earnings after 4:00 p.m. Eastern time on.
- 07/20/2020
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Silver Best Agency to Work For - East: Covenant Insurance Group
- The motto "Covenant Cares" is not just on the letterhead at Covenant Insurance Group Inc., but it's a way of operating that is truly caring, according to
- 12/11/2019
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Going the Extra Mile
- The motto "Covenant Cares" is not just on the letterhead at Covenant Insurance Group Inc., but it's a way of operating that is truly caring, according to
- 10/21/2019
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AAI Collaborates With Covenant University For The Jim Ovia Foundation Leaders Scholarship | Naija News
- The Africa America Institute (AAI) just signed an MoU with Covenant University, making the prestigious institution the second university partner for the
- 04/21/2018
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