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How to buy Covenant Transportation Group stock | $14.81

Own Covenant Transportation Group stock in just a few minutes.

Fact checked

Covenant Transportation Group, Inc is a trucking business based in the US. Covenant Transportation Group shares (CVTI) are listed on the NASDAQ and all prices are listed in US Dollars. Covenant Transportation Group employs 5,550 staff and has a trailing 12-month revenue of around USD$888.9 million.

How to buy shares in Covenant Transportation Group

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Covenant Transportation Group. Find the stock by name or ticker symbol: CVTI. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Covenant Transportation Group reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$14.81, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Covenant Transportation Group, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Covenant Transportation Group. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Covenant Transportation Group share price

Use our graph to track the performance of CVTI stocks over time.

Covenant Transportation Group shares at a glance

Information last updated 2020-12-26.
Latest market closeUSD$14.81
52-week rangeUSD$6.54 - USD$20.7
50-day moving average USD$16.8494
200-day moving average USD$16.6728
Wall St. target priceUSD$16
PE ratio 146.8421
Dividend yield N/A (0%)
Earnings per share (TTM) USD$0.095

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Covenant Transportation Group stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Covenant Transportation Group price performance over time

Historical closes compared with the close of $14.81 from 2020-12-31

1 week (2021-01-07) -5.85%
1 month (2020-12-15) -8.47%
3 months (2020-10-15) -25.73%
6 months (2020-07-15) -12.68%
1 year (2020-01-15) 6.01%
2 years (2019-01-15) -29.31%
3 years (2018-01-13) N/A
5 years (2016-01-15) 15.25

Is Covenant Transportation Group under- or over-valued?

Valuing Covenant Transportation Group stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Covenant Transportation Group's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Covenant Transportation Group's P/E ratio

Covenant Transportation Group's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 147x. In other words, Covenant Transportation Group shares trade at around 147x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Covenant Transportation Group's PEG ratio

Covenant Transportation Group's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 7.39. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Covenant Transportation Group's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Covenant Transportation Group's EBITDA

Covenant Transportation Group's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$90.2 million.

The EBITDA is a measure of a Covenant Transportation Group's overall financial performance and is widely used to measure a its profitability.

Covenant Transportation Group financials

Revenue TTM USD$888.9 million
Operating margin TTM 1.27%
Gross profit TTM USD$186.1 million
Return on assets TTM 0.81%
Return on equity TTM 0%
Profit margin 0.21%
Book value $19.224
Market capitalisation USD$238.4 million

TTM: trailing 12 months

Shorting Covenant Transportation Group shares

There are currently 487,173 Covenant Transportation Group shares held short by investors – that's known as Covenant Transportation Group's "short interest". This figure is 19.3% down from 603,979 last month.

There are a few different ways that this level of interest in shorting Covenant Transportation Group shares can be evaluated.

Covenant Transportation Group's "short interest ratio" (SIR)

Covenant Transportation Group's "short interest ratio" (SIR) is the quantity of Covenant Transportation Group shares currently shorted divided by the average quantity of Covenant Transportation Group shares traded daily (recently around 261920.96774194). Covenant Transportation Group's SIR currently stands at 1.86. In other words for every 100,000 Covenant Transportation Group shares traded daily on the market, roughly 1860 shares are currently held short.

However Covenant Transportation Group's short interest can also be evaluated against the total number of Covenant Transportation Group shares, or, against the total number of tradable Covenant Transportation Group shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Covenant Transportation Group's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Covenant Transportation Group shares in existence, roughly 30 shares are currently held short) or 0.044% of the tradable shares (for every 100,000 tradable Covenant Transportation Group shares, roughly 44 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Covenant Transportation Group.

Find out more about how you can short Covenant Transportation Group stock.

Covenant Transportation Group share dividends

We're not expecting Covenant Transportation Group to pay a dividend over the next 12 months.

Covenant Transportation Group share price volatility

Over the last 12 months, Covenant Transportation Group's shares have ranged in value from as little as $6.54 up to $20.7. A popular way to gauge a stock's volatility is its "beta".

CVTI.US volatility(beta: 1.5)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Covenant Transportation Group's is 1.4997. This would suggest that Covenant Transportation Group's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Covenant Transportation Group overview

Covenant Transportation Group, Inc., together with its subsidiaries, provides truckload transportation and brokerage services primarily in the continental United States. It offers expedited and dedicated services. The company also provides ancillary services, including freight brokerage and logistics services, warehousing, and accounts receivable factoring; and over-the-road truckload services, as well as transportation management, shuttle, and switching services. It serves transportation companies, such as 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, 2018, the company operated 3,154 tractors and 6,950 trailers. Covenant Transportation Group, Inc. was founded in 1986 and is headquartered in Chattanooga, Tennessee.

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