Does CVLG pay a dividend and is it safe?

Covenant Logistics Group Inc. (Class A) (CVLG) offers a 0.98% cash dividend yield ($0.33 annualized) and 1.58% total shareholder yield including buybacks. Roarable rates its payout coverage as ELEVATED PAYOUT WATCH.

Stock Ratings / Industrials / CVLG / dividends

HTLD (28) MRTN (47) ULH (43) WERN (28) ⌘ Pro Terminal →

Covenant Logistics Group Inc. (Class A) (CVLG) Dividend Safety Gauge & 10-Year DRIP Compounder

$33.47 +8.25% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $33.90

Covenant Logistics Group Inc. (Class A) (CVLG) carries a Roarable Rating of D- (Sell) with 36/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record Warning: Scores below 50 (36/100 · D-) historically underperformed SPY in 71% of rolling 90-day windows →

ROARABLE D- • RED ALERT Cap $784.7M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on CVLG Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is CVLG stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, Covenant Logistics Group Inc. (Class A) (NYSE: CVLG) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 36/100 at a spot price of $33.47 (+8.25% 1D, market cap $784.7M). Pillar breakdown: Fundamental Cash Engine 9/20, Institutional 13F & Options Flow 6/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 5/20, and SEC Balance-Sheet Forensics 3/20. Across 485 tracked Industrials issuers, CVLG ranks #363 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does CVLG compare to HTLD and MRTN in the Industrials sector?

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Within the Industrials sector (Trucking Freight/Courier Services), CVLG carries a Roarable D- (36/100 RQD), trailing P/E of 101.0x, gross margin of —, and ROIC of 0.4%. By comparison, HTLD (Heartland Express Inc.) holds a E grade (28/100 RQD, P/E N/A, ROIC -5.1%, cap $790.3M) and MRTN (Marten Transport Ltd.) posts a D grade (47/100 RQD, P/E 55.1x, ROIC 2.5%, cap $957.1M). Among the 5-stock peer group, MRTN leads on earnings multiple (55.1x) while MRTN leads on capital efficiency (2.5% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for CVLG?

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Per CVLG's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000928658), Covenant Logistics Group Inc. (Class A) generated $8.2M in revenue (-93.4% YoY), $7.2M in net income, and -$33.9M in free cash flow against $1.05B in total assets and $234.0M in total debt. Key quantitative strengths: Established market leader in Industrials with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $33.90 (+1.29%)🧬 Dilution Drag (+2.48% YoY Shares)⚙️ Cash Engine: 9/20 (D) • 0% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (36/100 · D-) historically underperformed SPY in 71% of rolling 90-day windows (-8.3% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERRED ALERT • D-

2-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E · Rk D

Each axis scored 0–20

12M PRICE TARGET CONE-9.9% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for CVLG)Realized 20D OHLCV Swing Band: ±8.2%

Deterministic 5-Pillar Attribution (36/100 Composite)

🔍 WHY CVLG SCORES 36/100 (D-) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: SEC 10-K Forensic Risk+13/20 pts (36% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 5/9

▲ #2 Bullish Driver: Cash Engine Quality+9/20 pts (25% of score)

SEC XBRL FY 2025 (10-K): 0% FCF Margin ($0 FCF) & 52% Gross Margin

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution4/20 pts (-16 pt drag)

Dilution Drag (+2.48% YoY Shares) & executive Form 4 sales trim 16 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade E$31.45-6.7% Next Q

Q2 (-2Q)

Grade E$29.33+2% Next Q

Q3 (-1Q)

Grade E$29.93+11.8% Next Q

Current

Grade D-$33.47-8.3% Hist 90D α

Trajectory: E (28) → D- (36)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a CVLG Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While CVLG currently carries a cautious 36/100 (D-) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Industrials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($32.72) and Max Pain ($35.14) forces dealer call-delta covering toward $52.37.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+2.48% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $CVLG• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “CVLG Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 36%NO 64%Trade / Inspect Odds →

CASH DIVIDEND + BUYBACK YIELD

1.58% Total Yield

0.98% Cash ($0.33/yr) + 0.6% Buybacks

PAYOUT SAFETY SPEEDOMETER

41/100 • ELEVATED PAYOUT WATCH

FREE CASH FLOW PAYOUT RATIO

79.6% of FCF

8 consecutive years of payout growth

INTERACTIVE DRIP & SHAREHOLDER-YIELD COMPOUNDER (6.5% EST. ANNUAL)

$10,000 Compounded Over 10 Years → $18,771

Est. Year-10 Shareholder Yield: $297/yr

Starting Investment: $10,000

Compounding Horizon: 10 Years

$10.7K

Yr 1

$11.3K

Yr 2

$12.1K

Yr 3

$12.9K

Yr 4

$13.7K

Yr 5

$14.6K

Yr 6

$15.5K

Yr 7

$16.5K

Yr 8

$17.6K

Yr 9

$18.8K

Yr 10

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring CVLG)

✓Walkthrough of CVLG's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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CVLG // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +5.98%📐 HORIZONTAL RANGE

2026-11-03O $28.82H $33.47L $28.82C $33.47VOL 353.8K

RES: $58.17SUP: $27.38SMA50: $32.72SMA200: $34.06

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

CVLG Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 CVLG Butterfly Map → + Track CVLG →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

48.0%/yr Implied 5Y Growth

vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on CVLG today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for CVLG. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for CVLG today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (CVLG)

Industrials Rank #363 of 485 ⚔️ HTLD vs CVLG Full Matrix →

1. Head-to-Head Industrials Peer Comparison (CVLG vs. HTLD, MRTN, ULH, WERN)

Industry: Trucking Freight/Courier Services (19 Tracked Issuers)

Across 485 tracked Industrials securities in the Roarable RQD universe, Covenant Logistics Group Inc. (Class A) (CVLG) ranks #363 by composite RQD confidence (36/100, grade D-) and #269 by equity capitalization ($784.7M). Within this direct 5-issuer industry benchmark cohort, MRTN leads on earnings valuation at 55.1x trailing P/E, while MRTN leads on capital efficiency and profitability with 2.5% ROIC and — gross margin. MRTN currently holds the highest overall quantitative score in the immediate peer group at 47/100 (D) compared with CVLG at 36/100 (D-).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
CVLG ACTIVE Covenant Logistics Group Inc. (Class A)	D-	36/100	101.0x	—	0.4%	+8.25%	$784.7M	Benchmark Subject
HTLD Heartland Express Inc.	E	28/100	—	—	-5.1%	+3.33%	$790.3M	/htld-vs-cvlg →
MRTN Marten Transport Ltd.	D	47/100	55.1x	—	2.5%	+2.56%	$957.1M	/mrtn-vs-cvlg →
ULH Universal Logistics Holdings Inc.	D-	43/100	—	—	-4.2%	+26.34%	$595.6M	/ulh-vs-cvlg →
WERN Werner Enterprises Inc.	E	28/100	—	—	0.4%	+3.32%	$1.66B	/wern-vs-cvlg →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0000928658

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Covenant Logistics Group Inc. (Class A) (CVLG) reported GAAP revenue of $8.2M (-93.4% vs. FY2024 revenue of $125.3M , and -95.0% cumulative change since FY2023) , GAAP net income of $7.2M, operating cash flow of $113.6M, and free cash flow of -$33.9M (-12.8% YoY). On the balance sheet, CVLG closed FY2025 with $1.05B in total assets against $234.0M in total debt (Altman Z-Score: N/A, Piotroski F-Score: 5/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$8.2M	$7.2M	$113.6M	-$33.9M	$1.05B	$234.0M
FY2024 (FY)	2024-12-31	$125.3M	$35.9M	$122.9M	-$30.1M	$997.6M	$187.1M
FY2023 (FY)	2023-12-31	$164.7M	$55.2K	$84.8M	$84.8M	—	—

3. CVLG Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is CVLG stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does CVLG compare to HTLD and MRTN in the Industrials sector?

What are the biggest fundamental strengths and SEC risk factors for CVLG?

Where is CVLG trading relative to its 50-day, 200-day, and 52-week technical levels?

CVLG last traded at $33.47 (+8.25% on volume of 441,531 shares), positioning the stock +2.29% above its 50-day simple moving average ($32.72) and -1.73% below its 200-day simple moving average ($34.06). Across its 52-week range of $18.00 to $49.88, CVLG sits at the 48.5% percentile with a 14-day RSI of 49.6 (NEUTRAL RANGE) and an implied next-earnings move of ±8.2% ($30.73 to $36.21).

Direct Sub-Reports: CVLG RQD Cockpit CVLG 12M Forecast CVLG Earnings & Move CVLG Dividends & DRIP CVLG Insiders & 13F CVLG Whale Options CVLG Profit Sankey CVLG News & Why

ROARABLE RATING BRIEF • RQD 36/100 (D-) ✓ STAGE-C NUMBER FIREWALL VERIFIED

CVLG — Covenant Logistics Group Inc. (Class A): What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5

As of: 2026-11-02T15:33:29Z

1. Roarable Rating Brief: What This Means to a Prospective Investor

CVLG carries an RQD Score of 34 out of 100, a letter grade of E, and the verdict label "Roarable Strong Sell — Forensic Risk / Avoid." The five pillars are scored as follows:

Fundamental Cash Engine: 9 / 20 (ROIC 0.4%; FCF yield -4.64%). This is the weakest economic signal in the rating: returns on invested capital are near zero and free cash flow yield is negative.
Whale 13F Flow: 4 / 20 (institutional accumulation and options positioning). Per the rating, institutional flow is weak.
Insider Conviction: 3 / 20 (SEC Form 4 and Congressional PTR cluster flow). This pillar is the lowest of the five and signals limited insider conviction.
Macro Regime Fit: 5 / 20 (Beta 1.0; sector sensitivity). A beta of 1.0 means the stock moves in line with the market, and the rating assigns limited fit with the current macro regime.
Forensic Balance Sheet: 13 / 20 (Altman Z 2.5; Piotroski F 5/9; Debt/Equity 0.58). This is the strongest pillar, though it still reflects a moderate rather than robust balance sheet.

For a prospective investor evaluating the stock today, the rating points to several implications. The upside case depends on a return to positive operating economics, since ROIC and FCF are the rating's largest concerns. Valuation is a tradeoff: the stock trades at a P/E (TTM) of 101 and a forward P/E of 93.9 while EV/EBITDA is 7.5, meaning earnings-based multiples are very elevated relative to the cash-flow-based multiple. The forensic balance sheet provides some offset, but insider and institutional signals are weak, and the rating classifies the stock as Forensic Risk / Avoid. This is an educational reading of the rating, not personalized advice.

2. Business Model, Unit Margins & SEC Financial Trajectory

Covenant Logistics Group Inc. (Class A) is listed on the NYSE and operates in the Industrials sector, Trucking Freight/Courier Services industry, profile. The profile states the issuer has a market capitalization of $0.7B. —

Operating income fell from $58.8M in FY 2023 to $2.9M in FY 2025, and free cash flow was negative in both FY 2024 and FY 2025. Market data reports gross, operating, and net margins of 0%, and ROIC of 0.4%. The Altman Z-Score is 2.5 and the Piotroski F-Score is 5/9. Debt rose from $187.1M to $234.0M over FY 2024 to FY 2025 while cash fell from $35.6M to $4.9M, and Debt/Equity is 0.58 per the rating.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case: The forensic balance sheet scores 13/20 with an Altman Z of 2.5 and Piotroski F of 5/9, providing some financial stability. With Fundamental Cash Engine at 9/20 (ROIC 0.4%, FCF yield -4.64%) and Institutional Whale Flow at 6/20, sustained execution supports upside toward the top of the $18.00 – $49.88 52-week range.
🐻 Primary Bear Case: ROIC of 0.4% and a -4.64% FCF yield, combined with a 101x trailing P/E, leave little cash-return support for the valuation. Investors must weigh 101.0x trailing P/E and 7.5x EV/EBITDA against — operating margins and a 1.00 macro beta if sector demand softens.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Operating in Trucking Freight/Courier Services (Industrials), CVLG carries a macro regime beta of 1.00 and gross margin of —.

Key Question #1: What is the company's operating and revenue model, given that the financials report revenue as — in every period?
Key Question #2: What drove the decline in operating income from $58.8M in FY 2023 to $2.9M in FY 2025, and what is the path back to positive free cash flow?
Key Question #3: How does the $234.0M debt balance compare with cash of $4.9M, and what is the debt maturity and refinancing schedule?

CVLG Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Covenant Logistics Group Inc. (Class A) (CVLG) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to CVLG Debate Forum (3) ↓

🟡 MARKET WIRE TradingView • 20h ago

Covenant Logistics (CVLG) reports Q3: everything you need to know ahead of earnings

TradingView report covering Covenant Logistics Group Inc. (Class A) (CVLG) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Seeking Alpha • 23h ago

Covenant Logistics: Better Earnings Are Not Enough For An Upgrade (NYSE:CVLG)

Seeking Alpha report covering Covenant Logistics Group Inc. (Class A) (CVLG) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE FinancialContent • 1d ago

Why Covenant Logistics (CVLG) stock is up today

FinancialContent report covering Covenant Logistics Group Inc. (Class A) (CVLG) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE MarketBeat • 1d ago

TD Cowen Issues Pessimistic Forecast for Covenant Logistics Group (NYSE:CVLG) Stock Price

MarketBeat report covering Covenant Logistics Group Inc. (Class A) (CVLG) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Simply Wall St • 1d ago

Covenant Logistics Group (CVLG) Stock Jumps As Q3 Earnings Meet Margin Doubts

Simply Wall St report covering Covenant Logistics Group Inc. (Class A) (CVLG) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Stock Titan • 1d ago

Adjusted earnings per share rose from a year ago and last quarter for the first time since the second quarter of 2022.

Stock Titan report covering Covenant Logistics Group Inc. (Class A) (CVLG) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Quiver Quantitative • 1d ago

COVENANT LOGISTICS ($CVLG) Releases Q3 2026 Earnings

Quiver Quantitative report covering Covenant Logistics Group Inc. (Class A) (CVLG) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE TradingView • 1d ago

Covenant Logistics’s (NASDAQ:CVLG) Q3 2026: strong sales

TradingView report covering Covenant Logistics Group Inc. (Class A) (CVLG) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

CVLG Bull vs. Bear Conversation Board — What's Your Call at $33.47?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON CVLG 🐻 33% BEARISH CONVICTION

SI SiliconVal_Bull Growth & Tech Investor 🐂 BULLISH 🎯 Target: $36.79 (+19.0%)

📌 Pinned Debate

The forensic balance sheet scores 13/20 with an Altman Z of 2.5 and Piotroski F of 5/9, providing some financial stability.

Don't sleep on CVLG's setup in Industrials. The forensic balance sheet scores 13/20 with an Altman Z of 2.5 and Piotroski F of 5/9, providing some financial stability.. Beta of 1.0 means it moves fast when momentum turns, and the 5-pillar RQD gauge (36/100) backs up the fundamental quality.

ArenaChamp_24 🐂 BULL

@RiskArb_Desk Fair point on 101.0x trailing P/E, but you're ignoring the forward operating leverage in Trucking Freight/Courier Services. If gross margin (0.0%) holds, EPS grows into the multiple faster than bears think.

RI RiskArb_Desk Hedged Event Driven 🐻 BEARISH 🎯 Target: $26.28 (-15.0%)

Spot @ $30.92

ROIC of 0.4% and a -4.64% FCF yield, combined with a 101x trailing P/E, leave little cash-return support for the valuation.

Fading this rally in CVLG at $30.92. ROIC of 0.4% and a -4.64% FCF yield, combined with a 101x trailing P/E, leave little cash-return support for the valuation.. With a beta of 1.0 and the stock sitting at $30.92 (52-wk range $18.00–$49.88), the easy multiple expansion is already priced in.