Covenant Logistics Group (CVLG) reported second-quarter 2026 total revenue of $332.9 million, up 9.9% from $302.9 million a year earlier. Net income was $8.5 million, down from $9.8 million, while diluted earnings per share were $0.32 compared with $0.36 in the prior-year quarter.
The company said Combined Truckload average freight revenue per tractor per week rose 5.9%, while Managed Freight revenue increased 28.4%. Covenant cited higher maintenance, insurance claims, driver expense and overhead as cost pressures during the quarter.
- Total revenue was $332.9 million for the quarter ended June 30, 2026.
- Net income was $8.5 million, compared with $9.8 million in the 2025 quarter.
- Diluted EPS was $0.32, compared with $0.36 a year earlier.
- Combined Truckload total revenue increased 3.1% to $205.8 million.
- Managed Freight freight revenue rose 28.4% year over year.
- The company expects a modest sequential increase to third-quarter 2026 earnings per share.
$CVLG Insider Trading Activity
$CVLG insiders have traded $CVLG stock on the open market 23 times in the past 6 months. Of those trades, 0 have been purchases and 23 have been sales.
Here’s a breakdown of recent trading of $CVLG stock by insiders over the last 6 months:
- DAVID RAY PARKER (Chairman and CEO) has made 0 purchases and 16 sales selling 438,800 shares for an estimated $12,826,415.
- JOEY B HOGAN has made 0 purchases and 2 sales selling 27,500 shares for an estimated $1,012,472.
- JAMES S III GRANT (EVP and CFO) sold 22,388 shares for an estimated $688,431
- JOEY BALLARD (EVP, Chief People & Safety Off) has made 0 purchases and 3 sales selling 12,000 shares for an estimated $462,036.
- D MICHAEL KRAMER sold 2,650 shares for an estimated $92,009
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$CVLG Hedge Fund Activity
We have seen 69 institutional investors add shares of $CVLG stock to their portfolio, and 57 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NEXT CENTURY GROWTH INVESTORS LLC added 294,868 shares (+inf%) to their portfolio in Q1 2026, for an estimated $8,005,666
- FIRST EAGLE INVESTMENT MANAGEMENT, LLC added 248,154 shares (+inf%) to their portfolio in Q1 2026, for an estimated $6,737,381
- SCOPUS ASSET MANAGEMENT, L.P. removed 235,000 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $6,380,250
- 4D ADVISORS, LLC added 135,000 shares (+inf%) to their portfolio in Q1 2026, for an estimated $3,665,250
- BLACKROCK, INC. removed 99,857 shares (-4.8%) from their portfolio in Q1 2026, for an estimated $2,711,117
- ALGERT GLOBAL LLC added 99,654 shares (+57.0%) to their portfolio in Q1 2026, for an estimated $2,705,606
- MORGAN STANLEY removed 78,940 shares (-57.9%) from their portfolio in Q1 2026, for an estimated $2,143,221
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
