Covenant Transportation Group, Inc. (CVTI) - NASDAQ
  • Yesterday, 11:23 AM
    • The trucking stocks is revving higher after solid earnings reports from Swift Transportation (SWFT +12.4%) and Werner Enterprises (WERN +4.8%). Though quarterly profit dropped at both companies, commentary from management indicated the freight market is poised to improve.
    • Notable movers include Covenant Transportation Group (CVTI +7.9%), Celadon Group (CGI +4.7%), Heartland Express (HTLD +4%), Knight Transportation (KNX +3.9%), and Old Dominion Freight Line (ODFL +3.1%).
    | Yesterday, 11:23 AM
  • Wed, Jun. 22, 12:42 PM
    | Wed, Jun. 22, 12:42 PM | 1 Comment
  • Tue, Jun. 21, 4:52 PM
    • Covenant Transportation (NASDAQ:CVTI) now expects EPS of $0.17-0.23 vs. earlier expectation of $0.28-0.33.
    • The Factors contributing to updated expectations include difficult freight market conditions, Higher fuel cost, soft used truck market and an increase in other costs.
    • Shares -4.5% AH.
    | Tue, Jun. 21, 4:52 PM | 1 Comment
  • Mon, Mar. 14, 1:20 PM
    • Avondale Partners sees a tough road to higher earnings for the trucking sector due largely to deteriorating macro factors.
    • New capacity coming online just as demand weakens doesn't bode well for pricing, according to the boutique investment firm.
    • Cautions is raised on Swift Transportation (SWFT -3.7%), Celadon Group (CGI -5.4%), Covenant Transportation Group (CVTI -8.3%), J.B. Hunt Transport Services (JBHT +0.2%), Knight Transportation (KNX -3%), Marten Transport (MRTN -0.1%), USA Truck (USAK -0.6%), and Werner Enterprises (WERN -3.2%).
    | Mon, Mar. 14, 1:20 PM
  • Dec. 17, 2015, 4:58 PM
    • Knight Transportation (NYSE:KNX) -9% AH after cutting Q4 earnings guidance below consensus, now seeing EPS of $0.31-$0.33 vs. $0.37 analyst consensus estimate and below its prior outlook for $0.36-$0.38.
    • KNX says Q4 volumes remain similar to 2014, but that it as experienced significantly fewer non-contract opportunities, resulting in revenue per total mile trending lower than originally expected which hurt EPS by $0.03-$0.04.
    • Trucking peers: ODFL, YRCW, UACL, HTLD, RRTS, CGI, WERN, CVTI, MRTN, LSTR, SWFT, USAK, R, JBHT.
    | Dec. 17, 2015, 4:58 PM
  • Oct. 16, 2015, 12:45 PM
    | Oct. 16, 2015, 12:45 PM
  • Oct. 16, 2015, 8:12 AM
    • Covenant Transportation (NASDAQ:CVTI) reports freight revenue rose 8.2% to $153.52M in Q3.
    • Asset-based trucking revenues grew 6.4% to $139.63M.
    • Covenant Transport Solutions non-asset based revenues increased 29.4% to $13.9M.
    • Average freight revenue per loaded mile +3.3% to $1.816.
    • Average freight revenue per tractor per week +0.4% to $3,814.
    • Total tractors count +122 to 2,721.
    • Total trailers count -172 to 6,598.
    | Oct. 16, 2015, 8:12 AM
  • Jul. 22, 2015, 4:11 PM
    • Covenant Transportation (NASDAQ:CVTI): Q2 EPS of $0.60 beats by $0.13.
    • Revenue of $175.45M (+1.0% Y/Y) misses by $9.28M.
    • Shares +2.40%.
    | Jul. 22, 2015, 4:11 PM | 1 Comment
  • Apr. 24, 2015, 12:45 PM
    | Apr. 24, 2015, 12:45 PM
  • Dec. 11, 2014, 12:45 PM
    | Dec. 11, 2014, 12:45 PM
  • Jan. 14, 2014, 12:47 PM
    | Jan. 14, 2014, 12:47 PM | 1 Comment
  • Oct. 7, 2011, 12:03 PM

    Covenant Transportation (CVTI -21%) plunges after projecting a surprise Q3 loss. The trucking company says a 9-10% decrease in revenue miles/truck as costs for wages, fuel, and insurance rise is tagging the bottom line, and expects a loss of $500K-$1.7M vs. expectations for a $2.3M profit. (PR)

    | Oct. 7, 2011, 12:03 PM
Company Description
Covenant Transportation Group, Inc. through its subsidiaries, provides truckload transportation services. It is a carrier for transportation companies such as freight forwarders, less-than-truckload carriers, and third-party logistics providers that require a high level of service to support... More
Sector: Services
Industry: Trucking
Country: United States