NYSE$CVLG

Covenant Logistics Group Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Covenant Logistics reported Q1 2025 total revenue of $269.4M with net income of $12.0M and diluted EPS of $0.35.

Total revenue was $269.4 million for the quarter ended March 31, 2025, in expedited and dedicated trucking. Net income was $12.0 million ($0.35 diluted EPS). Freight rates, driver costs, and equipment utilization drive the truckload outlook.

  • Q1 total revenue $269.4M; net income $12.0M.
  • Diluted EPS $0.35.
  • Expedited and dedicated contract mix.
  • Freight recession and diesel costs affect margins.

Headline financials

Total Revenue

$269M

Previous: $279M-3.4%
EPS (adj)

$0.35

Previous: $0.29+20.7%
Avg Freight Revenue per Tractor per Week

$5.42K

Previous: $5.65K-4.2%
Avg Freight Revenue per Total Mile

$2.53

Previous: $2.35+7.7%
Avg Miles per Tractor per Period

27.5K

Previous: 31.2K-11.8%
Weighted Avg Tractors for Period

2.3K

Previous: 2.2K+7.6%
Tractors at End of Period

2.4K

Previous: 2.2K+7.1%
Trailers at End of Period

6.5K

Previous: 6.0K+8.7%
Capital Expenditures

-$33.4M

Previous: -$48.4M+30.9%
Net Income

$6.56M

Previous: $3.97M+65.1%
Operating Income

$7.63M

Previous: $4.34M+75.9%

Revenue & EPS history

Covenant Logistics · Revenue · Quarterly

$269M

Q1 2025-3.4%vs Q1 2024
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Revenue by segment

Covenant Logistics · $253M total across 4 segments · Q3 2023

  • Expedited - Truckload
    $91.7M
  • Managed Freight
    $69.7M
  • Dedicated - Truckload
    $66.9M
  • Warehousing
    $25M

Forward guidance

Rail outlook tied to industrial production, fuel, and service metrics.

Tailwinds

  • Yield and productivity initiatives support margins.
  • Network investments improve service reliability.

Headwinds

  • Freight volumes correlate with macro industrial demand.
  • Labor and fuel costs remain variable.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+0.3%

Avg return

Earnings day

+4.2%

Avg return

5 days after

+6.0%

Avg return

30 days after

53%

21 / 40 earnings

Positive

+17.5%

Q2 2022

Best reaction

-19.7%

Q3 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%+11.7%+19.6%
Q4 2025-4.4%+10.5%+13.9%
Q3 2025-9.4%-7.7%-12.7%
Q2 2025-1.8%-2.9%-5.0%
Q1 2025+10.4%+5.9%+17.0%
Q4 2024-2.9%-1.4%-11.7%
Q3 2024-2.3%-1.3%+9.9%
Q2 2024+6.8%+6.3%+4.6%
Q1 2024+1.1%+2.8%+7.2%
Q4 2023+2.7%+3.9%+6.5%
Q3 2023-6.3%-6.9%+1.4%
Q2 2023+13.0%+15.5%+3.9%
Q1 2023+14.7%+20.7%+14.3%
Q4 2022-19.4%-12.0%-6.2%
Q3 2022+3.9%+11.5%+23.0%
Q2 2022+17.5%+14.0%+10.8%
Q1 2022+8.4%+12.7%+17.2%
Q4 2021-4.5%-1.0%+2.3%
Q3 2021-19.7%-16.4%-19.0%
Q2 2021+5.8%+4.9%+18.4%
Q1 2021+9.2%+10.0%+13.3%
Q4 2020-7.1%-5.7%+16.1%
Q3 2020-11.1%-20.7%+6.6%
Q2 2020+6.1%+18.2%+1.9%
Q1 2020-1.2%+25.8%+56.3%
Q4 2019-2.1%+5.0%+19.4%
Q3 2019+1.5%+3.3%-14.9%
Q2 2019+4.1%+11.1%-4.8%
Q1 2019-3.9%-5.3%-20.0%
Q4 2018+0.7%+6.5%+10.8%
Q3 2018-1.8%-0.8%-6.2%
Q2 2018+1.4%+1.9%+1.0%
Q1 2018-3.2%-5.3%+3.7%
Q4 2017+1.6%+1.2%-11.1%
Q3 2017+4.4%+8.0%+9.2%
Q2 2017+1.7%+10.9%+26.6%
Q1 2017-0.4%+8.3%-1.2%
Q4 2016+0.6%+9.1%+0.5%
Q3 2016-1.1%+6.8%+26.8%
Q2 2016-0.7%+9.8%-7.8%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q2 2011
Q4 2011
Q4 2009
Q3 2011
Q4 2010
Q1 2011
Q3 2010
Q2 2010
Q1 2010

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro