Covenant Logistics Group (NYSE:CVLG – Get Free Report) is one of 101 public companies in the “Ground Transportation” industry, but how does it weigh in compared to its competitors? We will compare Covenant Logistics Group to similar businesses based on the strength of its valuation, institutional ownership, profitability, dividends, risk, analyst recommendations and earnings.
Analyst Recommendations
This is a summary of current ratings and target prices for Covenant Logistics Group and its competitors, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Covenant Logistics Group | 1 | 0 | 4 | 2 | 3.00 |
| Covenant Logistics Group Competitors | 1322 | 6330 | 8432 | 253 | 2.47 |
Covenant Logistics Group currently has a consensus target price of $51.80, indicating a potential upside of 47.66%. As a group, “Ground Transportation” companies have a potential upside of 11.49%. Given Covenant Logistics Group’s stronger consensus rating and higher possible upside, equities research analysts plainly believe Covenant Logistics Group is more favorable than its competitors.
Dividends
Insider & Institutional Ownership
83.7% of Covenant Logistics Group shares are held by institutional investors. Comparatively, 59.6% of shares of all “Ground Transportation” companies are held by institutional investors. 36.7% of Covenant Logistics Group shares are held by insiders. Comparatively, 15.2% of shares of all “Ground Transportation” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
Profitability
This table compares Covenant Logistics Group and its competitors’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Covenant Logistics Group | 0.31% | 9.14% | 3.68% |
| Covenant Logistics Group Competitors | 5.40% | 9.39% | 3.79% |
Volatility & Risk
Covenant Logistics Group has a beta of 1.32, suggesting that its share price is 32% more volatile than the S&P 500. Comparatively, Covenant Logistics Group’s competitors have a beta of 1.09, suggesting that their average share price is 9% more volatile than the S&P 500.
Earnings and Valuation
This table compares Covenant Logistics Group and its competitors gross revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| Covenant Logistics Group | $1.16 billion | $7.24 million | 318.91 |
| Covenant Logistics Group Competitors | $9.28 billion | $920.60 million | 51.54 |
Covenant Logistics Group’s competitors have higher revenue and earnings than Covenant Logistics Group. Covenant Logistics Group is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
Summary
Covenant Logistics Group beats its competitors on 8 of the 15 factors compared.
Covenant Logistics Group Company Profile
Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. The Dedicated segment provides customers with committed truckload capacity over contracted periods using equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers’ freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. The Warehousing segment provides day-to-day warehouse management services to customers. The segment also provides shuttle and switching services to shuttling containers and trailers. The company also engages in used equipment sales and leasing business. It serves transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. As of December 31, 2021, it operated 2,291 tractors and 5,331 trailers. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in July 2020. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.
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