Q2 Earnings Outperformers: Covenant Logistics (NASDAQ:CVLG) And The Rest Of The Ground Transportation Stocks [Yahoo! Finance]
Covenant Logistics Group, Inc. Class A (CVLG)
Company Research
Source: Yahoo! Finance
The growth of e-commerce and global trade continues to drive demand for shipping services, especially last-mile delivery, presenting opportunities for ground transportation companies. The industry continues to invest in data, analytics, and autonomous fleets to optimize efficiency and find the most cost-effective routes. Despite the essential services this industry provides, ground transportation companies are still at the whim of economic cycles. Consumer spending, for example, can greatly impact the demand for these companies' offerings while fuel costs can influence profit margins. The 16 ground transportation stocks we track reported a slower Q2. As a group, revenues missed analysts' consensus estimates by 1%. Stocks, especially growth stocks with cash flows further into the future, had a good end of 2023. On the other hand, this year has seen more volatile stock market swings due to mixed inflation data, and while some ground transportation stocks have fared somewhat better
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CVLG
News
- Covenant Logistics Group's (NYSE:CVLG) Shareholders Have More To Worry About Than Only Soft Earnings [Yahoo! Finance]Yahoo! Finance
- RXO (RXO) To Report Earnings Tomorrow: Here Is What To Expect [Yahoo! Finance]Yahoo! Finance
- U-Haul Earnings: What To Look For From UHAL [Yahoo! Finance]Yahoo! Finance
- Covenant Logistics Group Named 2024 Top Company for Women to Work in Transportation [Yahoo! Finance]Yahoo! Finance
- Covenant Logistics Group Named 2024 Top Company for Women to Work in TransportationGlobeNewswire
CVLG
Earnings
- 10/23/24 - Beat
CVLG
Sec Filings
- 11/5/24 - Form 4
- 11/1/24 - Form 4
- 11/1/24 - Form 10-Q
- CVLG's page on the SEC website