COVENANT LOGISTICS GROUP, INC.
Close on Oct 19, 2026
- Market cap
- $775.34M
- P/E (TTM)
- 208.3
- Dividend yield
- –
About Covenant Logistics
Trucking (No Local), SIC 4213
Covenant Logistics Group, Inc. is a freight transportation and logistics provider that offers supply chain services across multiple operating segments. Its core business divisions include expedited highway services, dedicated fleet transportation, managed freight, and warehousing operations. Through these service lines, the company supplies cargo hauling, dry van and refrigerated freight transport, and logistics brokerage. Covenant Logistics delivers these distribution and transportation services to commercial shippers, industrial customers, and businesses requiring coordinated freight solutions.
The company operates domestically within the United States, maintaining substantial tax and operational presence across jurisdictions including California, Illinois, Missouri, New Mexico, Pennsylvania, and Tennessee. Its operational infrastructure utilizes warehousing properties, leased office facilities, and an equipment base comprised of tractors, refrigerated trailers, and dry van trailers. Covenant Logistics Group maintains its principal corporate headquarters in Chattanooga, Tennessee.
Summary of the business section of Covenant Logistics's latest annual report, written by StockData.
Company profile
Company
- Legal name
- COVENANT LOGISTICS GROUP, INC.
- Founded
- 1986
- Headquarters
- Chattanooga, TN
- Address
- 400 Birmingham Highway 37419
- Phone
- (423) 821-1212
- Website
- www.ctgcompanies.com
- Industry
- Trucking (No Local)
- Incorporated in
- Nevada
- Fiscal year ends
- December 31
- Auditor
- Grant Thornton LLP, Charlotte, North Carolina
Stock & identifiers
- Ticker
- CVLG
- Exchange
- NYSE
- IPO date
- Oct 28, 1994
- Shares outstanding
- 25M, Aug 5, 2026
- Public float
- $399.30M, Jun 30, 2025
- Filer category
- Accelerated filer
- Stock splits
- 2-for-1, Feb 28, 2025; 2-for-1, Jan 2, 2025; 2-for-1, Jan 1, 2025
- SEC CIK
- 928658
- CUSIP
- 22284P105
- ISIN
- US22284P1057
- EIN
- 88-0320154
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| David Ray Parker | Chairman and CEO, Director | 6,974,739 |
| James S. Grant III | EVP and CFO | 50,608 |
| Joey Ballard | EVP, Chief People & Safety Off | 16,185 |
| Paul Bunn | President | 256,343 |
| Dustin Koehl | EVP and COO | 4,953 |
| Matisse Long | Chief Accounting Officer | 13,719 |
| Joey B. Hogan | Director | 91,294 |
| Wesley Miller Welborn | Director | 62,906 |
| Benjamin Carson Sr | Director | 32,174 |
| Bradley A. Moline | Director | 99,304 |
| Herbert J. Schmidt | Director | 32,988 |
| Rachel Parker-Hatchett | Director | 13,789 |
| D. Michael Kramer | Director | 23,518 |
| Tracy L. Rosser | Director | 17,906 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $1.79M | $1.79M | $1.07M | $310 | $139 |
| FY2024 | $2.04M | $3.01M | $1.32M | $379 | $126 |
| FY2023 | $1.38M | $6.20M | $1.17M | $317 | $123 |
| FY2022 | $2.12M | $4.93M | $1.04M | $236 | $92 |
| FY2021 | $5.83M | $8.98M | $1.54M | $178 | $113 |
| FY2020 | $1.07M | $1.33M | $1.27M | $115 | $106 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Corporate history
Events identified from SEC filings