Covenant Logistics (CVLG)

• Market cap: $728M
• 1 day: -1.71%
• 5 days: 6.19%
• 1 month: -2.61%
• 3 months: 2.18%
• 6 months: 6.48%
• Year to date: 2.68%
• 1 year: 21.31%
• 5 years: 293.87%
• 10 years: 111.90%
• Sector: Industrials
• Industry: Trucking, Except Local

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

47% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 15

6% more capital invested

Capital invested by funds: $340M [Q2] → $362M (+$21.5M) [Q3]

4% more funds holding

Funds holding: 154 [Q2] → 160 (+6) [Q3]

0.68% less ownership

Funds ownership: 64.22% [Q2] → 63.54% (-0.68%) [Q3]

15% less repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 54

43% less call options, than puts

Call options by funds: $1.21M | Put options by funds: $2.12M

50% less funds holding in top 10

Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $35 25% upside
• Avg. target: $35 25% upside
• High target: $35 25% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

TD Cowen Jason Seidl 62% 1-year accuracy 26 / 42 met price target

25% upside $35

Buy Maintained

25 Oct 2024