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Covenant Logistics Group CVLG Managed Freight — Goodwill Purchase Accounting Adjustments

Other segment segments

Dedicated
$0—
Expedited
$0—
Warehousing
$0—

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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:GoodwillPurchaseAccountingAdjustments.

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
(in thousands)ExpeditedDedicatedManaged FreightWarehousingTotal
Balance at December 31, 2025$15,699$21,877$21,151$21,750$80,477
Post-acquisition goodwill adjustments--123-123
Balance at June 30, 2026$15,699$21,877$21,274$21,750$80,600

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FAQ

What is Covenant Logistics Group's managed freight — goodwill purchase accounting adjustments?
Covenant Logistics Group (CVLG) reported managed freight — goodwill purchase accounting adjustments of $160K in Q2 2026.
What does managed freight — goodwill purchase accounting adjustments mean?
Reflects post-acquisition adjustments made to the carrying value of goodwill within the Managed Freight segment due to finalization of purchase price allocations or measurement period adjustments. These adjustments indicate refinements in the valuation of acquired assets and liabilities.

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