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How to buy Covenant Logistics Group (CVLG) stocks in Canada

Learn how to easily invest in Covenant Logistics Group stocks.

Covenant Logistics Group is a trucking business based in the US. Covenant Logistics Group stocks (CVLG.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $20.16 – an increase of 2.98% over the previous week. Covenant Logistics Group employs 4,900 staff and has a trailing 12-month revenue of around $977 million.

How to buy shares in Covenant Logistics Group

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – CVLG – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Is it a good time to buy Covenant Logistics 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.

How has Coronavirus impacted Covenant Logistics Group's stock price?

Since the stock market crash in March caused by coronavirus, Covenant Logistics Group's stock price has had significant positive movement.

Its last market close was $23.16, which is 31.99% up on its pre-crash value of $15.75 and 165.60% up on the lowest point reached during the March crash when the stocks fell as low as $8.72.

If you had bought $1,000 worth of Covenant Logistics Group stocks at the start of February 2020, those stocks would have been worth $779.67 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,882.91.

Covenant Logistics Group stock price (NASDAQ:CVLG)

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

Covenant Logistics Group shares at a glance

Information last updated 2022-01-11.
Latest market close$23.16
52-week range$14.09 - $34.75
50-day moving average $26.20
200-day moving average $23.80
Wall St. target price$32.00
PE ratio 21.9118
Dividend yield N/A (0%)
Earnings per share (TTM) $1.02

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Covenant Logistics Group price performance over time

Historical closes compared with the close of $23.16 from 2022-01-14

1 week (2022-01-07) 2.98%
1 month (2021-12-16) -0.56%
3 months (2021-10-15) -29.00%
6 months (2021-07-16) 21.26%
1 year (2021-01-15) 46.68%
2 years (2020-01-15) 65.78%
3 years (2019-01-15) 10.55%
5 years (2017-01-13) 13.03%

Is Covenant Logistics Group under- or over-valued?

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

Covenant Logistics Group's P/E ratio

Covenant Logistics 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 22x. In other words, Covenant Logistics Group shares trade at around 22x recent earnings.

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

Covenant Logistics Group's EBITDA

Covenant Logistics Group's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $109.7 million.

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

Covenant Logistics Group financials

Revenue TTM $977 million
Operating margin TTM 5.54%
Gross profit TTM $169.1 million
Return on assets TTM 4.74%
Return on equity TTM 14.85%
Profit margin 1.77%
Book value $19.73
Market capitalisation $373.6 million

TTM: trailing 12 months

Covenant Logistics Group share dividends

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

Covenant Logistics Group share price volatility

Over the last 12 months, Covenant Logistics Group's shares have ranged in value from as little as $14.09 up to $34.75. A popular way to gauge a stock's volatility is its "beta".

CVLG.US volatility(beta: 1.53)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 Logistics Group's is 1.5271. This would suggest that Covenant Logistics 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 Logistics Group overview

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 to customers 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.

Frequently asked questions

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