CVLG
Covenant Logistics Group, Inc.
CVLG's fundamentals are mixed, but it looks expensive: trading at 156x earnings, about 10 times its usual 16x. Analysts expect strong earnings growth.
CVLG Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Under pressure | |
| Stable |
CVLG's revenue is currently healthy, and its profitability and balance sheet are stable, but its cash flow is under pressure.
CVLG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.9x | $1.24 | -96% |
| Forward | 13x | $32.82 | — |
| Fair | 16x | $3.45 | -90% |
| Expensive | 82x | $17.22 | -48% |
| Current | 156x | $32.82 | — |
Historical ranges are pointers, not guarantees.
CVLG's PE is in its expensive range at 156x. If earnings grow as analysts expect, today's price would be 13x next year's earnings, in its fair range.
CVLG Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for CVLG, with profitability improving.
CVLG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.56 | +1120% |
| Q3 2026 | $0.21 | -82% |
| Q2 2026 | $0.16 | -88% |
| Q1 2026 | $0.20 | -86% |
| Q4 2025 | $0.27 | -79% |
| Q3 2025 | $1.19 | -21% |
| Q2 2025 | $1.31 | -14% |
| Q1 2025 | $1.40 | -9.1% |
| Q4 2024 | $1.30 | -35% |
CVLG's earnings per share have fallen from their peak: $0.21 over the past year, against $3.65 in late 2022.
CVLG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $353.9M | +19% |
| Q2 2026 | $332.9M | +9.9% |
| Q1 2026 | $307.2M | +14% |
| Q4 2025 | $295.4M | +6.5% |
| Q3 2025 | $296.9M | +3.1% |
| Q2 2025 | $302.9M | +5.3% |
| Q1 2025 | $269.4M | -3.4% |
| Q4 2024 | $277.3M | +1.2% |
CVLG's revenue has grown year over year for six quarters in a row: $354M last quarter, up 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.5% | +0.9 points |
| Q2 2026 | 2.7% | -1.2 points |
| Q1 2026 | 2% | -0.8 points |
| Q4 2025 | -8.2% | -11 points |
| Q3 2025 | 2.7% | -3 points |
| Q2 2025 | 3.8% | -1.6 points |
| Q1 2025 | 2.8% | +1.3 points |
| Q4 2024 | 3.1% | -2.1 points |
CVLG's operating margin was 3.5% last quarter, up 0.9 points from the same quarter a year ago.
CVLG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$7.1M | +$687K |
| Q2 2026 | -$44.7M | -$30.1M |
| Q1 2026 | $17.6M | +$26.2M |
| Q4 2025 | -$3M | -742% |
| Q3 2025 | -$7.8M | -132% |
| Q2 2025 | -$14.5M | +$13.6M |
| Q1 2025 | -$8.6M | +$18.1M |
| Q4 2024 | $464K | +$74.2M |
CVLG has burned cash in six of the last eight quarters: −$37M over the past year, against −$30M the year before.
CVLG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +14K shares |
| 1 year | +1.1% | +302K shares |
| 3 years | -2.8% | -755K shares |
| 5 years | -22% | -7.3M shares |
| Available history | -29% | -10.7M shares |
CVLG has 27M diluted shares, up 1.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q4 2025 | $7,000 |
| Q3 2025 | $1M |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | $58,000 |
CVLG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.9x | Moderate |
| Q2 2026 | 3.1x | Elevated |
| Q1 2026 | 2.5x | Moderate |
| Q4 2025 | 3.1x | Elevated |
| Q3 2025 | 2.1x | Moderate |
| Q2 2025 | 2.0x | Moderate |
| Q1 2025 | 1.6x | Healthy |
| Q4 2024 | 1.6x | Healthy |
CVLG's net debt is about 2.9 years of its operating earnings (EBITDA), up from 2.1 years a year ago.
CVLG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.2 | Neutral |
| Stochastic | 35.2 | Neutral |
CVLG's weekly RSI is 47 (neutral) and its Stochastic is 35 (neutral).
CVLG PE vs Industrials Sector
| Metric | CVLG | Sector median | Relative |
|---|---|---|---|
| PE | 156x | 24x | 550% above |
| PE % | 90 | 58 | 32 pts above |
CVLG is trading at 156x earnings, a 550% premium to the Industrials sector's median of 24x.
CVLG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $31.7 | 3.6% above |
| 20 week MA | $35.9 | 8.5% below |
| 50 week MA | $32.6 | 0.8% above |
| 100 week MA | $27.9 | 18% above |
| 200 week MA | $25.4 | 29% above |
CVLG's trend is mixed: it's above four of its five weekly moving averages, and 29% above its 200-week average.
CVLG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $6.45 | $7.70 | +19% |
| 2021 | $7.70 | $12.0 | +56% |
| 2022 | $12.0 | $18.0 | +49% |
| 2023 | $18.0 | $23.0 | +28% |
| 2024 | $23.0 | $27.3 | +19% |
| 2025 | $27.3 | $22.4 | -18% |
| 2026 YTD | $22.4 | $32.8 | +46% |
CVLG has finished higher in five of the last six years. It's up 46% so far in 2026.