CVLG
Covenant Logistics Group, Inc. Industrials - Trucking Investor Relations →
Covenant Logistics Group, Inc. (CVLG) closed at $29.11 as of 2026-02-02, trading 38.2% above its 200-week moving average of $21.07. The stock moved further from the line this week, up from 17.3% last week. With a 14-week RSI of 77, CVLG is in overbought territory.
Over the past 1584 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 $729 million, CVLG is a small-cap stock. Return on equity stands at 1.0%. The stock trades at 1.7x book value.
The company has been aggressively buying back shares, reducing its share count by 21.0% over the past three years.
Over the past 30.4 years, a hypothetical investment of $100 in CVLG would have grown to $467, compared to $2006 for the S&P 500. CVLG has returned 5.2% annualized vs 10.4% for the index, underperforming the broader market over this period.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
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% | +308.2% |
| May 1996 | Jun 1996 | 1 | 0.1% | -1.6% | +294.9% |
| Nov 1996 | Jun 1997 | 29 | 24.8% | +3.2% | +291.7% |
| Dec 1997 | Feb 1998 | 7 | 8.8% | +11.4% | +282.5% |
| Jun 1998 | Jun 1998 | 1 | 2.9% | -10.7% | +285.5% |
| Aug 1998 | Nov 1998 | 14 | 37.1% | +24.3% | +322.4% |
| Mar 1999 | Jun 1999 | 15 | 25.0% | +0.4% | +315.1% |
| Sep 1999 | Jan 2001 | 70 | 49.4% | -37.9% | +279.5% |
| Feb 2001 | Apr 2001 | 9 | 15.1% | +21.8% | +345.6% |
| Jun 2001 | Aug 2001 | 11 | 23.8% | +19.2% | +367.0% |
| Sep 2001 | Dec 2001 | 13 | 34.8% | +28.5% | +320.2% |
| May 2004 | May 2004 | 4 | 0.6% | -10.8% | +288.0% |
| Oct 2004 | Oct 2004 | 1 | 0.2% | -39.9% | +265.1% |
| Mar 2005 | Apr 2010 | 263 | 86.2% | -7.5% | +275.0% |
| Aug 2011 | Jul 2012 | 52 | 51.3% | +4.4% | +1107.0% |
| Aug 2012 | Dec 2012 | 18 | 15.4% | +9.0% | +1136.5% |
| Apr 2013 | Jun 2013 | 7 | 14.8% | +78.3% | +1005.9% |
| Aug 2013 | Sep 2013 | 5 | 8.3% | +122.0% | +961.4% |
| Oct 2016 | Oct 2016 | 3 | 7.5% | +84.7% | +298.6% |
| Mar 2017 | Apr 2017 | 4 | 5.1% | +67.2% | +239.4% |
| May 2017 | Aug 2017 | 14 | 12.2% | +53.7% | +234.3% |
| Nov 2018 | Feb 2019 | 14 | 22.1% | -36.7% | +154.0% |
| Feb 2019 | Mar 2021 | 109 | 69.0% | -47.3% | +164.2% |
| Apr 2021 | Apr 2021 | 1 | 4.0% | -1.1% | +210.4% |
| Jun 2021 | Aug 2021 | 8 | 6.6% | +9.6% | +201.3% |
| Apr 2022 | Apr 2022 | 3 | 7.0% | +84.7% | +225.5% |
| Apr 2025 | Apr 2025 | 1 | 2.2% | N/A | +59.4% |
| Oct 2025 | Dec 2025 | 6 | 6.3% | N/A | +45.8% |
| Average | 25 | — | +17.4% | — |
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 Friday close, 2026-02-02