Stock analysis, trade plans, and proprietary indicators by Trend Edge.
About Covenant Logistics Group, Inc.
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. Read full Trend Edge analysis →
Sector: Industrials
Industry: Trucking
Exchange: NYSE
IPO Date: October 28, 1994
Headquarters: 400 Birmingham Highway, Chattanooga, TN, United States, 37419
Hidden Gem: Yes — undiscovered relative to its market cap tier
Founder-Led: Yes — David Parker (Founder and Chief Executive Officer)
Key Metrics
Current Price
$39.59
Market Cap
$928M
Float
15.2M
Shares Outstanding
20.5M
P/E (Forward)
23.04
P/E (TTM)
409.67
Price/Sales (TTM)
0.77
vs. Analyst Target
-11.6% to analyst PT
Profit Margin
0.42%
Operating Margin (TTM)
2.26%
Revenue (TTM)
$1.20B
Earnings Growth (YoY)
-29.20%
Dividend Rate
0.3%
Analyst Target Price
$35.00 (4 analysts)
Financial History
Annual Revenue & Earnings History
Year
Revenue
Net Income
Gross Profit
EBITDA
2020
$839M
-$42.7M
$110M
$55.4M
2021
$1.05B
$60.7M
$147M
$117M
2022
$1.22B
$109M
$186M
$138M
2023
$1.10B
$55.2M
$164M
$150M
2024
$1.13B
$35.9M
$190M
$146M
2025
$1.16B
$7.2M
$93.3M
$117M
Recent Quarterly Revenue & Net Income
Quarter
Revenue
Net Income
Jun 2025
$303M
$9.8M
Sep 2025
$297M
$9.1M
Dec 2025
$295M
-$18.3M
Mar 2026
$307M
$4.4M
Ownership & Float
Insider Ownership
26.0%
Institutional Ownership
72.5%
Short Float
0.8%
% of All Funds Holding
1.96%
Number of Funds Holding
161
Current Moving Averages
Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.
Timeframe
SMA
Value
Trend Context
Weekly
10-Week SMA
$32.59
Near-term / short-term trend
Weekly
40-Week SMA
$25.74
Medium-term trend
Weekly
80-Week SMA
$25.13
Cyclical trend (business cycle)
Weekly
200-Week SMA
$22.95
Secular trend (multi-year)
Monthly
10-Month SMA
$26.36
Near-term monthly trend
Monthly
20-Month SMA
$25.56
Medium-term monthly trend
Monthly
40-Month SMA
$24.20
Secular monthly trend
Volume Shelves — Support & Resistance
Trend Edge identifies volume shelves: price zones where historically elevated trading volume
creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative
volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.
Price Level
Type
Volume Ratio
Age
$27.50
support
1.34x
0 months ago
$34.80
support
1.23x
0 months ago
$24.80
support
1.32x
2 months ago
$22.10
support
1.23x
3 months ago
$19.80
support
1.14x
4 months ago
Historical Earnings Reactions (124 events)
Timeframe
Avg Return
Median
Win Rate
Best
Worst
Gap
0.43%
0.21%
54.03%
15.00%
-17.33%
1 Day
0.80%
0.23%
52.42%
18.06%
-21.91%
1 Week
2.44%
0.15%
50.00%
64.95%
-16.88%
2 Weeks
2.61%
1.76%
57.26%
60.98%
-25.25%
1 Month
2.76%
0.93%
52.85%
61.68%
-35.55%
Next earnings: July 12, 2026 (44 days away)
Seasonality & Day-of-Week Patterns
Monthly Seasonality
Month
Avg Return
Win Rate
Samples
Jan
2.8%
62.5%
32
Feb
2.3%
50.0%
32
Mar
-0.6%
50.0%
32
Apr
-0.2%
46.9%
32
May
1.9%
54.8%
31
Jun
3.9%
54.8%
31
Jul
6.6%
67.7%
31
Aug
-2.5%
35.5%
31
Sep
-2.2%
45.2%
31
Oct
-0.9%
45.2%
31
Nov
3.0%
50.0%
32
Dec
2.9%
50.0%
32
Day-of-Week Tendencies
Day
Avg Return
Win Rate
Samples
Monday
-0.03%
48.6%
1493
Tuesday
0.20%
47.8%
1632
Wednesday
0.04%
46.3%
1630
Thursday
-0.02%
47.9%
1597
Friday
0.18%
47.2%
1592
Top Institutional Holders
Institutional holder breakdown coming soon.
Total institutional ownership: 72.5%
Insider Transactions — Smart Summary
Total insider ownership: 26.0%
Founder-led management: David Parker (Founder and Chief Executive Officer)
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The analysis covers five layers:
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qualitative analysis (business model, competitive moat, sector dynamics),
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share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and
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