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Covenant Transportation Group
Type
Public company
Traded as NASDAQ: CVTI
Industry Transportation
Founded Chattanooga, Tennessee (1986)
Founder David Parker
Headquarters Chattanooga, Tennessee
Area served
United States and Canada
Website ctgcompanies.com

Covenant Transport, Inc. is a truckload carrier headquartered in Chattanooga, Tennessee. The company provides temperature controlled trucking, regional delivery, and longhaul delivery.

It began operations on January 2, 1986, with 25 trucks and 50 trailers. The company now jointly operates over 2,700 trucks and 7,000 trailers with the companies Southern Refrigerated Transport Inc. (Texarkana, Arkansas) and Star Transportation Inc. (Nashville). The three companies have shared terminals in Chattanooga TN, Hutchins, TX, Pomona, CA, Texarkana, AR, Nashville, TN, and Dalton, GA.

On August 12, 2011, Factory & Steel Transportation, Inc. (Fastrans) of Tennessee announced that its van operations would be acquired by Covenant. A letter issued to Fastrans' customers by Mark Paré, Covenant's Senior Vice President of Sales and Marketing, stated that the acquisition would increase the company's access to the Canadian transportation market.

News

Covenant Transportation Group, Inc. (industrials)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2020 2020-10-22 Future report Set alerts
Q2 2020 2020-07-27 Future report Set alerts
Q1 2020 2020-05-19 -0.09 -0.12
Q4 2019 2020-01-23 0.10 0.06
Q3 2019 2019-10-22 -0.08 -0.17
Q2 2019 2019-07-24 0.35 0.33
Q1 2019 2019-04-25 0.27 0.24
Q4 2018 2019-01-23 0.92 0.89
Q3 2018 2018-10-23 0.66 0.63
Q2 2018 2018-07-25 0.54 0.54

Ratings

2016-06-22 Lower Price Target Cowen and Company Outperform $34.00 to $30.00
2016-06-22 Downgrade BB&T Corp. Buy to Hold
2016-04-29 Boost Price Target Cowen and Company Outperform $32.00 to $34.00
2016-03-23 Initiated Coverage Stifel Nicolaus Buy $29.00
2016-03-14 Downgrade Avondale Partners Outperform to Market Perform $20.00
2016-01-27 Reiterated Rating Cowen and Company Buy
2015-12-17 Reiterated Rating Cowen and Company Buy
2015-12-16 Lower Price Target Cowen and Company Outperform $40.00 to $34.00
2015-10-19 Lower Price Target Stephens Overweight $35.00 to $32.00
2015-07-27 Upgrade Wolfe Research Market Perform
2015-06-19 Reiterated Rating BB&T Corp. Buy $38.00
2015-04-27 Downgrade Wolfe Research Peer Perform to Underperform
2014-12-11 Reiterated Cowen Outperform $31 to $35
2014-12-05 Initiated Cowen Outperform $31
2014-12-05 Initiated Coverage Cowen and Company Outperform $31.00
2014-11-26 Boost Price Target BB&T Corp. $30.00
2014-09-08 Upgrade BB&T Capital Mkts Hold to Buy $20
2014-09-08 Upgrade BB&T Corp. Hold to Buy $20.00
2014-06-19 Upgrade Avondale Partners Market Perform to Outperform $12.00 to $4.50
2014-05-21 Upgrade Stephens Equal Weight to Overweight
2012-12-18 Downgrade BB&T Capital Mkts Buy to Hold
2009-04-27 Downgrade Avondale Mkt Outperform to Mkt Perform $7.39 to $2.25
2008-12-15 Upgrade BB&T Capital Mkts Underweight to Hold
2007-09-04 Upgrade AG Edwards Hold to Buy
2007-07-26 Downgrade Wachovia Outperform to Mkt Perform
2007-01-04 Upgrade Wachovia Mkt Perform to Outperform
2016-06-22 Lower Price Target Cowen and Company Outperform $34.00 to $30.00
2016-06-22 Downgrade BB&T Corp. Buy to Hold
2016-04-29 Boost Price Target Cowen and Company Outperform $32.00 to $34.00
2016-03-23 Initiated Coverage Stifel Nicolaus Buy $29.00
2016-03-14 Downgrade Avondale Partners Outperform to Market Perform $20.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
PARKER DAVID RAY CHAIRMAN, PRESIDENT AND CEO 22.03%  (2777141) CVTI /
CRIBBS RICHARD B SENIOR VP AND CFO 0.72%  (91178) CVTI /
HOGAN JOEY B SR EX VP & COO/PRES OF SUB. 0.69%  (87172) CVTI /
BOSWORTH ROBERT E 0.58%  (72664) CVTI /
Hough Samuel F Exec VP & COO of Subsidiary 0.47%  (59798) CVTI /
BROWER JAMES F JR President of Subsidiary 0.44%  (55799) CVTI /
MOLINE BRADLEY A 0.40%  (50435) CVTI /
Newbourne Paul Exec. VP and COO of Subsidiary 0.31%  (39610) CVTI /
NIELSON NIEL B 0.31%  (39358) CVTI /
SMITH TONY President of Subsidiary 0.30%  (37249) CVTI /
BUNN PAUL Corporate Controller 0.27%  (34564) CVTI /
LOVIN RALPH H JR Executive VP and Secretary 0.27%  (34532) CVTI /
Cartright William Joseph Exec. VP and COO of Subsidiary 0.20%  (25300) CVTI /
Scholl Clay VP of Subsidiary 0.18%  (22618) CVTI /
Vanzant Charles Andy SVP of Operations 0.17%  (20890) CVTI /
ALT WILLIAM THOMAS 0.12%  (14866) CVTI /
Smith Justin A Exec VP and COO of Subsidiary 0.11%  (14310) CVTI /
Schmidt Herbert J 0.08%  (9577) CVTI / EDE /
Welborn Wesley Miller 0.06%  (7955) CVTI /

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