CVLG
Covenant Logistics Group, Inc. Industrials - Trucking Investor Relations →
Covenant Logistics Group, Inc. (CVLG) closed at $25.30 as of 2026-03-20, trading 17.5% above its 200-week moving average of $21.54. The stock moved further from the line this week, up from 15.1% last week. The 14-week RSI sits at 56, indicating neutral momentum.
Trading volume is running at 1.0x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.22 ratio) is neutral — neither side is clearly dominating.
Over the past 1590 weeks of data, CVLG has crossed below its 200-week moving average 28 times. On average, these episodes lasted 25 weeks. Historically, investors who bought CVLG at the start of these episodes saw an average one-year return of +17.4%.
With a market cap of $635 million, CVLG is a small-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at 1.0%. The stock trades at 1.6x book value.
The company has been aggressively buying back shares, reducing its share count by 7.5% over the past three years.
Over the past 30.5 years, a hypothetical investment of $100 in CVLG would have grown to $407, compared to $1889 for the S&P 500. CVLG has returned 4.7% annualized vs 10.1% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: CVLG vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After CVLG Crosses Below the Line?
Across 28 historical episodes, buying CVLG when it crossed below its 200-week moving average produced an average return of +25.7% after 12 months (median +17.0%), compared to +12.8% for the S&P 500 over the same periods. 65% of those episodes were profitable after one year. After 24 months, the average return was +52.7% vs +25.8% for the index.
Each line shows $100 invested at the moment CVLG crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
CVLG has crossed below its 200-week MA 28 times with an average 1-year return of +17.4% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 1995 | Mar 1996 | 22 | 25.9% | +24.4% | +255.6% |
| May 1996 | Jun 1996 | 1 | 0.1% | -1.6% | +244.0% |
| Nov 1996 | Jun 1997 | 29 | 24.8% | +3.2% | +241.3% |
| Dec 1997 | Feb 1998 | 7 | 8.8% | +11.4% | +233.2% |
| Jun 1998 | Jun 1998 | 1 | 2.9% | -10.7% | +235.8% |
| Aug 1998 | Nov 1998 | 14 | 37.1% | +24.3% | +268.0% |
| Mar 1999 | Jun 1999 | 15 | 25.0% | +0.4% | +261.7% |
| Sep 1999 | Jan 2001 | 70 | 49.4% | -37.9% | +230.6% |
| Feb 2001 | Apr 2001 | 9 | 15.1% | +21.8% | +288.2% |
| Jun 2001 | Aug 2001 | 11 | 23.8% | +19.2% | +306.9% |
| Sep 2001 | Dec 2001 | 13 | 34.8% | +28.5% | +266.1% |
| May 2004 | May 2004 | 4 | 0.6% | -10.8% | +238.0% |
| Oct 2004 | Oct 2004 | 1 | 0.2% | -39.9% | +218.1% |
| Mar 2005 | Apr 2010 | 263 | 86.2% | -7.5% | +226.7% |
| Aug 2011 | Jul 2012 | 52 | 51.3% | +4.4% | +951.6% |
| Aug 2012 | Dec 2012 | 18 | 15.4% | +9.0% | +977.3% |
| Apr 2013 | Jun 2013 | 7 | 14.8% | +78.3% | +863.5% |
| Aug 2013 | Sep 2013 | 5 | 8.3% | +122.0% | +824.8% |
| Oct 2016 | Oct 2016 | 3 | 7.5% | +84.7% | +247.3% |
| Mar 2017 | Apr 2017 | 4 | 5.1% | +67.2% | +195.7% |
| May 2017 | Aug 2017 | 14 | 12.2% | +53.7% | +191.3% |
| Nov 2018 | Feb 2019 | 14 | 22.1% | -36.7% | +121.3% |
| Feb 2019 | Mar 2021 | 109 | 69.0% | -47.3% | +130.2% |
| Apr 2021 | Apr 2021 | 1 | 4.0% | -1.1% | +170.4% |
| Jun 2021 | Aug 2021 | 8 | 6.6% | +9.6% | +162.5% |
| Apr 2022 | Apr 2022 | 3 | 7.0% | +84.7% | +183.6% |
| Apr 2025 | Apr 2025 | 1 | 2.2% | N/A | +38.9% |
| Oct 2025 | Dec 2025 | 6 | 6.3% | N/A | +27.0% |
| Average | 25 | — | +17.4% | — |
Frequently Asked Questions
Is CVLG below its 200-week moving average?
No. Covenant Logistics Group, Inc. (CVLG) is currently 17.5% above its 200-week moving average of $21.54. It would need to fall to $21.54 to cross below the line.
What is CVLG's 200-week moving average price?
Covenant Logistics Group, Inc.'s 200-week moving average is $21.54 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when CVLG drops below its 200-week moving average?
CVLG has crossed below its 200-week moving average 28 times in our data. On average, buying at that moment produced a one-year return of +17.4%. These dips have historically been decent entry points. These episodes lasted 25 weeks on average.
Is CVLG a good value right now?
Here's what our data says about CVLG as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 56. Free cash flow is currently negative. Return on equity is 1.0%. Price-to-book is 1.6x. This is not a buy or sell recommendation — always do your own research.
How does CVLG compare to the S&P 500?
Over the past 30.5 years, $100 invested in CVLG would have grown to $407, compared to $1889 for the S&P 500. That's 4.7% annualized vs 10.1% for the index. CVLG has underperformed the broader market over this period.
Does CVLG pay a dividend?
Yes. Covenant Logistics Group, Inc. currently pays a dividend yield of 111.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20