Covenant Logistics Group, Inc. - Class A Common Stock (CVLG)

Freight and logistics provider Covenant Logistics (NASDAQ:CVLG) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 3.4% year on year to $269.4 million. Its non-GAAP profit of $0.32 per share was 5% below analysts’ consensus estimates.

Freight and logistics provider Covenant Logistics (NASDAQ:CVLG) will be announcing earnings results tomorrow after market close. Here’s what to look for.

A number of stocks fell in the afternoon session after Federal Reserve Chair Jerome Powell signaled a cautious stance on future monetary policy decisions during a speech in Chicago, emphasizing that trade tariffs could add upward pressure to inflation in the short term and complicate the Fed's efforts to stabilize the economy. He warned that such trade measures are "likely to move us further away from our goals," referring to the Fed's dual mandate of price stability and maximum employment. 

Wall Street has set ambitious price targets for the stocks in this article. While this suggests attractive upside potential, it’s important to remain skeptical because analysts face institutional pressures that can sometimes lead to overly optimistic forecasts.

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Knight-Swift Transportation (NYSE:KNX) and the rest of the ground transportation stocks fared in Q4.

Covenant Logistics’s stock price has taken a beating over the past six months, shedding 28.6% of its value and falling to a new 52-week low of $18.31 per share. This was partly due to its softer quarterly results and might have investors contemplating their next move.

Value stocks typically trade at discounts to the broader market, offering patient investors the opportunity to buy businesses when they’re out of favor. The key risk, however, is that these stocks are usually cheap for a reason – five cents for a piece of fruit may seem like a great deal until you find out it’s rotten.

As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the ground transportation industry, including Covenant Logistics (NYSE:CVLG) and its peers.

Even if they go mostly unnoticed, industrial businesses are the backbone of our country. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates), and the industry has underperformed the market over the past six months as its 7.2% return lagged the S&P 500 by 2.3 percentage points.

Transportation company Schneider (NYSE:SNDR) will be reporting earnings tomorrow morning. Here’s what you need to know.

Freight delivery company Landstar (NASDAQ:LSTR) will be reporting earnings tomorrow after the bell. Here’s what you need to know.

Shares of freight and logistics provider Covenant Logistics (NASDAQ:CVLG) fell 7.6% in the morning session after the company reported weak fourth quarter results. Its revenue missed significantly, and its Freight revenue fell short of Wall Street's estimates. The company's CEO called out a "challenging general freight environment" and added that in the Dedicated segment, "profitability fell short of our expectations due to greater-than-anticipated temporary customer shutdowns and volume reductions, as well as higher costs related to guaranteed driver pay and a large current period casualty claim expense". Overall, this quarter could have been better.

Freight and logistics provider Covenant Logistics (NASDAQ:CVLG) missed Wall Street’s revenue expectations in Q4 CY2024 as sales only rose 1.2% year on year to $277.3 million. Its non-GAAP profit of $0.49 per share was in line with analysts’ consensus estimates.

Freight and logistics provider Covenant Logistics (NASDAQ:CVLG) will be announcing earnings results tomorrow afternoon. Here’s what you need to know.