Covenant Logistics Group (NYSE:CVLG) Sets New 1-Year High – Still a Buy?

Posted by Brian Himes on Jun 13th, 2026

Shares of Covenant Logistics Group, Inc. (NYSE:CVLG – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $45.76 and last traded at $45.76, with a volume of 76771 shares trading hands. The stock had previously closed at $43.78.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CVLG shares. Zacks Research upgraded Covenant Logistics Group from a “strong sell” rating to a “hold” rating in a report on Friday, April 3rd. Wall Street Zen downgraded Covenant Logistics Group from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Covenant Logistics Group in a report on Friday, May 29th. Finally, TD Cowen upped their price target on Covenant Logistics Group from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $35.00.

Get Our Latest Report on CVLG

Covenant Logistics Group Trading Down 1.9%

The company has a 50-day moving average price of $35.03 and a 200-day moving average price of $28.73. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 303.00 and a beta of 1.30. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.01 and a current ratio of 1.04.

Covenant Logistics Group (NYSE:CVLG – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.09). The business had revenue of $307.16 million for the quarter. Covenant Logistics Group had a return on equity of 9.41% and a net margin of 0.42%. As a group, research analysts forecast that Covenant Logistics Group, Inc. will post 1.6 EPS for the current fiscal year.

Insider Transactions at Covenant Logistics Group

In related news, Director D Michael Kramer sold 2,650 shares of the company’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $34.72, for a total value of $92,008.00. Following the completion of the sale, the director directly owned 22,086 shares of the company’s stock, valued at $766,825.92. This represents a 10.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joey B. Hogan sold 14,700 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $34.76, for a total value of $510,972.00. Following the completion of the sale, the director directly owned 104,094 shares of the company’s stock, valued at approximately $3,618,307.44. This trade represents a 12.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 42,150 shares of company stock valued at $1,566,515. 36.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Covenant Logistics Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC acquired a new stake in Covenant Logistics Group during the 1st quarter worth approximately $245,000. Quantinno Capital Management LP lifted its position in Covenant Logistics Group by 61.1% during the 1st quarter. Quantinno Capital Management LP now owns 38,453 shares of the company’s stock worth $1,044,000 after acquiring an additional 14,590 shares during the period. Sei Investments Co. lifted its position in Covenant Logistics Group by 95.8% during the 1st quarter. Sei Investments Co. now owns 51,766 shares of the company’s stock worth $1,405,000 after acquiring an additional 25,331 shares during the period. DGS Capital Management LLC lifted its position in Covenant Logistics Group by 8.1% during the 1st quarter. DGS Capital Management LLC now owns 14,613 shares of the company’s stock worth $397,000 after acquiring an additional 1,092 shares during the period. Finally, 1492 Capital Management LLC acquired a new stake in Covenant Logistics Group during the 1st quarter worth approximately $241,000. 83.72% of the stock is owned by institutional investors and hedge funds.

Covenant Logistics Group Company Profile

(Get Free Report)

Covenant Logistics Group provides a comprehensive suite of transportation and logistics services across North America. The company’s core offerings include less‐than‐truckload (LTL) and full truckload hauling, temperature‐controlled freight, intermodal transportation and freight brokerage. Covenant also delivers specialized solutions such as expedited “hot‐shot” deliveries, cross‐border shipping to Canada and Mexico, and dedicated contract carriage for time‐sensitive or high‐value shipments.

With a network of service centers, terminals and partner carriers strategically located throughout the United States, Covenant supports diverse industries including food and beverage, automotive, retail, energy and manufacturing.