Covenant Logistics Group, INC

Market Movers (8-K)

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NYSE
Covenant Logistics Group, Inc. announced its board of directors has declared a quarterly cash dividend of $0.07 per share.
NYSE
Covenant Logistics Group, Inc. has amended severance agreements for key executives, introducing new benefits for voluntary retirement or separation with advance notice.
NYSE
Covenant Logistics Group announced its second quarter 2026 financial results, highlighting revenue growth driven by strategic contract shifts, but facing cost pressures from equipment, maintenance, and insurance.
Worse than expected
NYSE
Covenant Logistics Group declared a $0.07 quarterly dividend and updated executive compensation and severance agreements following its 2026 Annual Meeting.
NYSE
Covenant Logistics Group reported Q1 2026 earnings of $0.17 per diluted share, missing expectations due to weather and fuel costs.
Worse than expected
NYSE
Covenant Logistics Group, Inc. announced a quarterly cash dividend of $0.07 per share for its Class A and Class B common stock.

Quarterly Earnings (10-Q)

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NYSE
Covenant Logistics Group reported a 9.9% increase in total revenue to $332.9 million for Q2 2026, but operating income fell to $8.8 million from $11.6 million in Q2 2025, with net income per diluted share decreasing to $0.32.
Worse than expected
NYSE
Covenant Logistics Group reported Q1 2026 diluted EPS of $0.17, below expectations, citing severe weather and fuel costs, though March showed improvement.
Worse than expected
NYSE
Covenant Logistics Group reports a significant drop in Q3 operating income and diluted EPS, driven by higher costs and under-utilized equipment in its Truckload segments.
Capital raise
Worse than expected
NYSE
Covenant Logistics Group, Inc. reported increased revenue but a decline in operating and net income for the second quarter of 2025, alongside a significant share repurchase program.
Worse than expected
NYSE
Covenant Logistics Group's Q1 2025 earnings were impacted by adverse weather and avian influenza, despite strategic efforts to manage costs and secure rate increases.
Worse than expected
NYSE
Covenant Logistics Group announced its third quarter 2024 results, showing a slight decrease in total revenue but an increase in operating income, while managing a challenging freight market.
Worse than expected

Annual Reports (10-K)

NYSE
Covenant Logistics Group, Inc. reported a significant drop in operating income and net income for 2025, citing industry overcapacity, rising costs, and goodwill impairment, despite a modest increase in total revenue.
Worse than expected
NYSE
Covenant Logistics Group reports its 2024 performance, highlighting strategic initiatives and financial results amidst a challenging freight market.
NYSE
Covenant Logistics Group has updated its clawback policy to comply with Nasdaq listing rules and SEC regulations, while also reporting its 2023 financial results, including a decrease in revenue and operating income compared to 2022.
Worse than expected

Insider Trading (Form 4)

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NYSE
Joey Ballard, EVP, Chief People & Safety Officer of Covenant Logistics Group, Inc., reported transactions involving Class A Common Stock and Restricted Stock Units.
NYSE
Dustin Koehl, EVP and COO of Covenant Logistics Group, Inc., reported transactions involving Class A Common Stock and Restricted Stock Units.
NYSE
Paul Bunn, President of Covenant Logistics Group, Inc., reported transactions involving Class A Common Stock and Restricted Stock Units on July 1, 2026.
NYSE
Covenant Logistics Group, Inc. EVP and CFO, James S. Grant III, reported transactions involving restricted stock units and common stock.
NYSE
EVP and Chief People & Safety Officer Joey Ballard sold 4,000 shares of Covenant Logistics Group, Inc. stock via a pre-arranged 10b5-1 trading plan.
NYSE
Covenant Logistics Group's EVP and CFO, James S. Grant III, exercised stock options and increased his direct beneficial ownership of Class A Common Stock.

Proxy Statements (Def-14A)

NYSE
Covenant Logistics Group, Inc. has issued its proxy statement for the 2026 Annual Meeting of Stockholders, detailing proposals for director elections, executive compensation, and auditor ratification.
NYSE
Covenant Logistics Group's proxy statement highlights a year of strategic moves, including a stock split, NYSE listing, and diversification efforts, all aimed at maximizing stockholder value.
Better than expected
NYSE
Covenant Logistics Group's proxy statement details proposals for the upcoming annual meeting, including the election of directors, executive compensation, and ratification of the accounting firm.
Better than expected

Schedule 13D - Activist Investments

NYSE
David and Jacqueline Parker, founders of Covenant Logistics Group, Inc., reported significant sales of Class A common stock in February 2026, reducing their beneficial ownership to 30.4%.
Worse than expected
NYSE
Covenant Logistics Group founders David and Jacqueline Parker announced plans to dispose of approximately $15 million in Class A common stock through open market and charitable transactions.
Worse than expected

Schedule 13G - Passive Investments

NYSE
BlackRock, Inc. has filed an amended Schedule 13G, reporting a 5.8% beneficial ownership stake in Covenant Logistics Group, Inc.'s Class A Stock as of March 31, 2025.