Covenant Logistics Group, Inc.

Covenant Logistics Group, Inc.

Covenant Logistics Group, Inc.

Overview
Date Founded

1985

Headquarters

400 Birmingham Highway,Chattanooga, TN 37419

Type of Company

Public

Employees (Worldwide)

4,900

Industries

Shipping & Delivery
Other Transportation
Holding Companies
Consumer Services

Company Description

Covenant Logistics Group, Inc. is a holding company, which engages in the provision of freight and logistics services. It operates through the following segments: Highway Services and Dedicated Contract Services. The Highway Services Segment includes two separate service offerings: Expedited Services (\"Expedited\") and Over-the-Road Services (\"OTR\"), both of which transport one-way freight over non-routine routes. The Dedicated Contract Services Segment provides similar transportation services, but does so pursuant to agreements whereby equipment available to a specific customer for shipments over particular routes at specified times. The company was founded by David Ray Parker in 1985 and is headquartered in Chattanooga, TN.

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Executives & Employees

Chairman of the Board & Chief Executive Officer

President & Chief Financial Officer

Executive Vice President, Chief Operating Officer & Secretary

Chief Transformation Officer

Executive Vice President & Chief Operating Officer-Star Transportation, Inc

Executive Vice President & Chief Operating Officer-Southern Refrigerated Transport, Inc

Executive Vice President-Expedited Operations

Senior Vice President, Risk Management

Senior Vice President-Driver Management

Chief Accounting Officer

Board of Directors

Emeritus Fellow at Yale Corporation

Former President & Chief Operating Officer at Atlantic Capital Bancshares, Inc.

Senior Advisor at FourBridges Capital Advisors LLC

Founder at ALLO Communications LLC

Vice President & Director at Hamico, Inc.

Former President & Chief Executive Officer at Contract Freighters, Inc.

Professional at Grant Thornton LLP

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Owners & Shareholders
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Livingston Group's investment process employs a combination of top-down review and macro indicators coupled with sound fundamental analysis. They look for sectors that are positioned for outperformance, and within those sectors, for stocks or ETFs that are positioned for additional return. The firm incorporates macro analysis into the stock selection process to bring added value in building portfolios in various market conditions. Using a research profile supported by an extensive database, they evaluate information on over 9,500 domestic stocks. If individual securities do not meet their investment criteria, they use ETFs to meet their sector weighting requirements and to meet diversification needs. They sell securities if the underlying investment premise for a company changes, a stock eclipses their target valuation or if the portfolio becomes over-weighted in a particular holding. While Livingston Group believes that portfolios should be made up mainly of equities, they also believe that a small allocation of bonds provide valuable diversification. The firm also recognizes that for investors with a lower risk tolerance or specific current income needs, fixed-income securities need to play a greater role within the portfolio. Their approach to bond investing is very similar to their equity process. They use disciplined analytical research to understand the critical economic factors that drive long-term interest rates. They identify A-rated, or better, securities to minimize credit risk and structure laddered maturities to exploit projected interest rate movement.

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1492CM formulates their investment advice and/or manages client assets by using different methods of analysis such as fundamental analysis; technical analysis; qualitative analysis; and risks for all forms of analysis. Their investment strategies include long-term purchases and short-term purchases.

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SBAuer Funds provides discretionary portfolio management services to clients using model asset allocation portfolios. Each model portfolio is designed to meet a particular investment goal. The firm provides these services to the Auer Growth Fund. SKY Investment Group focuses on long-term capital preservation, with emphasis on investments in large, financially strong companies with leading positions in global business. The firm's primary investment strategies include long-term purchases and short-term purchases of equity and fixed-income instruments, diversified across asset classes and sectors.

Recent Transactions
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Advance Business Capital LLC, Triumph Bancorp, Inc. purchase Covenant Transport Solutions LLC from Covenant Logistics Group, Inc.

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Covenant Logistics Group, Inc. issued USD Common Stock

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Covenant Logistics Group, Inc. purchases Transport Enterprise Leasing LLC

Insider Transactions
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Transaction Advisors
Auditor

Advised onCovenant Logistics Group, Inc. issued USD Common Stock

Underwriter

Advised onCovenant Logistics Group, Inc. issued USD Common Stock

Accountant

Advised onCovenant Logistics Group, Inc. purchases Harold Ives Trucking Co.

Chief Executive Officer

Advised onCovenant Logistics Group, Inc. issued USD Common Stock

Managing Director, Transportation

Advised onCovenant Logistics Group, Inc. issued USD Common Stock

Advisors & Consultants
Legal Advisor

Partner & Chief Operating Officer at Gibson, Dunn & Crutcher LLP

Key Stats and Financials As of 2020
Market Capitalization
$467M
Total Enterprise Value
$360M
Earnings Per Share
$-2.25
Revenue
$839M
Total Equity
$291M
EBITDAMargin
9.3%
Net Profit
$-39M
EBITDA
$78M
Total Debt
$112M
Three Year Compounded Annual Growth Rate Of Revenue
5.95%
Enterprise Value / Sales
0.43x
Enterprise Value EBITDAOperating
4.13x
TEVNet Income
-9.24x
Debt TEV
0.31x
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