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Covenant Logistics Group (CVLG) guidance and outlook

Covenant Logistics Group (CVLG) lowered its guidance on Oct 29, 2026: EPS $0.16 for FY2026; Net income $5.7M for FY2026. Covenant Logistics Group's 10-Q filed Nov 6, 2026 makes 35 forward-looking statements.

Guidance and outlook

Latest guidance

From the earnings release filed Oct 29, 2026 (8-K on EDGAR).

Forward-looking statements, 10-Q filed Nov 6, 2026

• However, we expect sequential improvement to continue in the fourth quarter as a higher percentage of our fleet operates under committed arrangements and we incur less repositioning cost.
• Consistent with our strategy, which reduced volatility during the recent freight market downturn, we intend to remain disciplined and patient in pursuing customers and markets that support sustainable long-term value creation.
• Based on our growing customer pipeline, we expect Dedicated fleet growth, and a stable Expedited fleet with a higher proportion of capacity under dedicated or committed contracts.
• We are also focused on reducing overhead and other controllable costs as a percentage of revenue, which we expect will support gradual margin expansion.
• For the fourth quarter of 2026, we expect a modest sequential increase in earnings per share, with anticipated operating margin improvement from our asset-based operations partially offset by lower income from our equity method investment, TEL.
• We focus on targeted markets throughout the United States where we believe our service standards can provide a competitive advantage.
• Our single driver tractors generally operate in shorter lengths of haul, generate fewer miles per tractor, and experience more non-revenue miles, but the lower productive miles are expected to be offset by generally higher revenue per loaded mile and the reduced employee expense of compensating only one driver.
• We expect operating statistics and expenses to shift with the mix of single and team operations.
• We believe driver and non-driver, including shop technicians, pay and benefits will continue to increase as the result of wage inflation, higher healthcare costs, and, in certain periods, increased incentive compensation due to better performance.
• We have historically put driver pay increases in place as necessary to address driver market pressure and will continue to do so as necessary.
• As the freight market rates increase, we would expect to, as we have historically, pass a portion of those rate increases on to our professional drivers.
• We expect to continue managing our idle time and tractor speeds, investing in more fuel-efficient tractors and auxiliary power units to improve our miles per gallon, partnering with customers to adjust fuel surcharge programs that are inadequate to recover a fair portion of fuel costs, and testing the latest technologies that reduce fuel consumption.

Covenant Logistics Group's latest quarter

Questions

Did Covenant Logistics Group raise or lower its guidance?

Covenant Logistics Group (CVLG) lowered its guidance on Oct 29, 2026: EPS $0.16 for FY2026; Net income $5.7M for FY2026.

What does Covenant Logistics Group expect?

However, we expect sequential improvement to continue in the fourth quarter as a higher percentage of our fleet operates under committed arrangements and we incur less repositioning cost. Consistent with our strategy, which reduced volatility during the recent freight market downturn, we intend to remain disciplined and patient in pursuing customers and markets that support sustainable long-term value creation. Based on our growing customer pipeline, we expect Dedicated fleet growth, and a stable Expedited fleet with a higher proportion of capacity under dedicated or committed contracts.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.