COVENANT LOGISTICS GROUP, INC. (CVLG)

Covenant Logistics Group, Inc. is a holding company, which engages in the provision of freight and logistics services. It operates through the following segments: Highway Services and Dedicated Contract Services. The Highway Services Segment includes two separate service offerings: Expedited Services (Expedited) and Over-the-Road Services (OTR), both of which transport one-way freight over non-routine routes. The Dedicated Contract Services Segment provides similar transportation services, but does so pursuant to agreements whereby equipment available to a specific customer for shipments over particular routes at specified times. The company was founded by David Ray Parker in 1986 and is headquartered in Chattanooga, TN.

Address

400 BIRMINGHAM HIGHWAY
CHATTANOOGA, TN 37419

Founded

1986

Number of Employees

4,600

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )
$832 $2,280 $1,142 $785 $18 - $17,523 $10,450 $70,883 $25,210 - $14,347
Average Price $20.97 $27.10 $20.61 $25.09 $27.16 - $12.26 $18.79 $23.98 $34.11 - $21.92
# Shares Purchased 39,676 84,138 55,429 31,297 655 - 1,429,204 556,209 2,955,449 739,095 - 654,572
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date 148.0% 91.9% 152.3% 107.3% 91.4% - 324.1% 176.8% 116.8% 52.5% - 137.2%
S&P 500 Return to Date 181.9% 173.0% 168.6% 129.7% 104.9% - 74.8% 31.7% 37.3% 31.3% - 103.7%
Excess Total Return -33.9% -81.1% -16.3% -22.5% -13.4% - 249.3% 145.1% 79.5% 21.1% - 33.6%
Quartile Rank
Percentile Rank 67% 57% 71% 71% 71% - 95% 96% 94% 85% - 89%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.