Covenant Logistics (CVLG) Acquisitions (2018 - 2024)
Covenant Logistics (CVLG) posted quarterly Acquisitions of $4.6 million for Q3 2024, down 43.3% YoY from $8.0 million in Q4 2023, and little changed sequentially from $4.6 million in Q2 2024.
Covenant Logistics (CVLG) Acquisitions (2018 - 2024) Analysis & Trends
Covenant Logistics has disclosed Acquisitions across 4 years of filings, most recently posting $4.6 million for Q3 2024.
- In Q3 2024, Acquisitions fell 43.3% year-over-year to $4.6 million; the TTM figure through Sep 2025 stood at $4.6 million (down 66.7% YoY), while the FY2025 annual figure was $27.1 million, up 493.79% from the prior year.
- Acquisitions held at $4.6 million in Q3 2024, from $4.6 million in the prior quarter.
- Over the last five years, Acquisitions for CVLG reached as high as $99.9 million in Q2 2023 and fell as low as $12000.0 in Q4 2023.
- The 3-year median for Acquisitions is $4.6 million (2024), against an average of $17.8 million.
- Annual changes were most pronounced in 2023 — Acquisitions soared 30729.32% — and 2024, when it sank 95.44%.
- A 3-year view of Acquisitions shows it stood at $1.2 million in 2022, then tumbled by 98.98% to $12000.0 in 2023, then soared by 37866.67% to $4.6 million in 2024.
- According to Business Quant data, Acquisitions over the past three periods registered $4.6 million, $4.6 million, and $4.6 million for Q3 2024, Q2 2024, and Q1 2024 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Acquisitions (Qtr) |
|---|---|---|---|---|---|
| 1 | TFI International | 160.26 Bn | 160.08 Bn | 963.70 Mn | -53.00 Mn |
| 2 | Old Dominion Freight Line | 45.40 Bn | 45.11 Bn | 1.33 Bn | - |
| 3 | Xpo | 24.25 Bn | 24.01 Bn | 1.67 Bn | - |
| 4 | Knight-Swift Transportation Holdings | 12.57 Bn | 12.51 Bn | 1.57 Bn | - |
| 5 | Saia | 11.19 Bn | 11.15 Bn | - | - |
| 6 | Schneider National | 6.37 Bn | 6.11 Bn | 1.27 Bn | - |
| 7 | Rxo | 4.69 Bn | 4.67 Bn | 254.00 Mn | - |
| 8 | Arcbest | 3.12 Bn | 3.04 Bn | 951.93 Mn | - |
| 9 | Werner Enterprises | 2.63 Bn | 2.59 Bn | 726.17 Mn | 184.76 Mn |
| 10 | Covenant Logistics | 1.12 Bn | 1.11 Bn | 292.96 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 4.56 Mn |
| Jun 30, 2024 | 4.56 Mn |
| Mar 31, 2024 | 4.56 Mn |
| Dec 31, 2023 | 12,000.00 |
| Sep 30, 2023 | 8.04 Mn |
| Jun 30, 2023 | 99.89 Mn |
| Sep 30, 2022 | 1.18 Mn |
| Jun 30, 2022 | 324,000.00 |
| Mar 31, 2022 | 37.00 Mn |
| Dec 31, 2018 | -114,000.00 |