What is Covenant Logistics Group's managed freight — goodwill?

Covenant Logistics Group (CVLG) reported managed freight — goodwill of $21.27M in Q2 2026.

How has Covenant Logistics Group's managed freight — goodwill changed year-over-year?

Covenant Logistics Group's managed freight — goodwill increased by 138.6% year-over-year, from $8.92M to $21.27M.

What does managed freight — goodwill mean?

The excess of the purchase price over the fair value of identifiable net assets acquired in business combinations allocated to the Managed Freight segment. It represents the premium paid for intangible synergies, brand value, and market positioning within this specific business unit.

Covenant Logistics Group (CVLG) Managed Freight — Goodwill

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Other segment segments

Dedicated

$21.88M-32.8%

Warehousing

$21.75M0.0%

Expedited

$15.7M0.0%

Similar metrics at other companies

BYDManaged And Other — Goodwill

$0—

CZRManaged and Branded — Goodwill

$0—

UBERFreight — Goodwill

$1.44B—

FNBWealth Manage- ment — Goodwill

$8M0.0%

SEICInvestment Managers — Goodwill

$55.23M-0.1%

FDXFedex Freight — Goodwill

$638M0.0%

Other financials

Income statement

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Revenue$332.9M+9.9%

Operating income$8.8M-23.5%

Net income$8.5M-13.3%

EPS (diluted)$0.32-11.1%

Balance sheet

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Cash & equivalents$2.6M+1,729%

Total debt$324.4M+5.1%

Total equity$412.9M-1.0%

Total assets$1.0B-0.3%

Cash flow

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Operating cash flow$29.0M+16.6%

CapEx$33.8M-7.2%

Free cash flow-$44.7M-207%

Valuation

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Market cap$872.17M+52.8%

Enterprise value$1.19B+35.7%

P/E27.4×+0.5×

P/S0.7×—

Profitability

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Operating margin2.8%—

Net margin3.7%-1.1pp

FCF margin-3.1%—

Returns & leverage

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Return on equity7.5%-2.6pp

Debt / equity0.8×0.0×

Current ratio1.1×0.0×

Where this comes from

Reported directly by Covenant Logistics Group in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The source filing: Covenant Logistics Group’s 10-Q, filed August 7, 2026.

Filed: Aug 7, 2026, 3:08 PM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0001437749-26-026547

Line item	June 30, 2026	December 31, 2025
Property and equipment, at cost	720,579	718,204
Less: accumulated depreciation and amortization	(257,222)	(241,033)
Net property and equipment	463,357	477,171
Goodwill	80,600	80,477
Other intangibles, net	99,608	105,609
Operating lease right-of-use assets	30,302	35,513
Other receivables	4,882	16,531
Other assets, net	107,024	97,426

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FAQ

What is Covenant Logistics Group's managed freight — goodwill?: Covenant Logistics Group (CVLG) reported managed freight — goodwill of $21.27M in Q2 2026.
How has Covenant Logistics Group's managed freight — goodwill changed year-over-year?: Covenant Logistics Group's managed freight — goodwill increased by 138.6% year-over-year, from $8.92M to $21.27M.
What does managed freight — goodwill mean?: The excess of the purchase price over the fair value of identifiable net assets acquired in business combinations allocated to the Managed Freight segment. It represents the premium paid for intangible synergies, brand value, and market positioning within this specific business unit.