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Profile - Covenant Transport, Inc. (NasdaqNM:CVTI)
As of 31-Aug-2001
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Location
400 Birmingham Highway
Chattanooga, TN 37419
Phone: (423) 821-1212
Fax: (423) 821-5442
Email: andmel@covenanttransport.com
Employees (last reported count): 6,847
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Transportation
 ·Industry: Trucking
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 73%
·Over the last 6 months:
 · 5 insider sells; 84.0K shares
  (0.8% of insider shares)
·Institutional: 41% (155% of float)
(89 institutions)
·Net Inst. Buying: 393.0K shares (+6.40%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Covenant Transport, Inc. is a truckload carrier that offers just-in-time and other transportation service for customers throughout the United States. As of December 31, 2000, the Company's fleet included 3,829 tractors and 7,571 trailers. The Company's subsidiaries include Covenant Transport, Inc., Covenant Asset Management, Inc., CIP, Inc., Covenant.com, Inc., Southern Refrigerated Transport, Inc., Tony Smith Trucking, Inc., Harold Ives Trucking Co., CVTI Receivables Corp. and Terminal Truck Broker, Inc. Covenant's primary customers include manufacturers, retailers and other transportation companies.
More from Market Guide: Expanded Business Description

Financial Summary
Covenant Transport, Inc. is a truckload carrier that offers just-in-time and other premium transportation service for customers throughout the United States. For the three months ended 3/31/01, revenues increased 4% to $131.3 million. Net income decreased 89% to $229 thousand. Revenues reflect an increase in the number of tractors in service and the acquisition of CTS. Earnings were offset by a driver wage increase and increased fuel expenses.

Recent Earnings Announcement
For the 3 months ended 06/30/2001, revenues were 141,683; after tax earnings were 554. (Preliminary; reported in thousands of dollars.)

More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

David Parker, 43
Chairman, Pres and CEO
$515K
Joey Hogan, 39
CFO, Treasurer
167K
Michael Miller, 43
COO, Exec. VP, Director
269K
Ronald Pope, 56
Sr. VP of Sales and Marketing
145K
R. Lovin, Jr., 49
VP-Admin., Sec.
127K
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:CVTIAs of 31-Aug-2001
Price and Volume
52-Week Low
on 28-Nov-2000
$8.00 
Recent Price$15.10 
52-Week High
on 29-May-2001
$17.56 
Beta1.92 
Daily Volume (3-month avg)54.2K
Daily Volume (10-day avg)12.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+46.4%
52-Week Change
relative to S&P500
+96.4%
Share-Related Items
Market Capitalization$210.6M
Shares Outstanding13.9M
Float3.70M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq*)$12.05 
Earnings (ttm)$0.55 
Earnings (mrq)$0.04 
Sales (ttm)$39.94 
Cash (mrq*)$0.06 
Valuation Ratios
Price/Book (mrq*)1.25 
Price/Earnings (ttm)27.31 
Price/Sales (ttm)0.38 
Income Statements
Sales (ttm)$559.6M
EBITDA (ttm*)$64.0M
Income available to common (ttm)$7.72M
Profitability
Profit Margin (ttm)1.4%
Operating Margin (ttm)4.6%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter
(fully updated)
31-Mar-2001
Most recent quarter
(flash earnings)
30-June-2001
Management Effectiveness
Return on Assets (ttm)2.01%
Return on Equity (ttm)4.67%
Financial Strength
Current Ratio (mrq*)1.21 
Debt/Equity (mrq*)0.83 
Total Cash (mrq)$0 
Short Interest
As of 8-Aug-2001
Shares Short18.0K
Percent of Float0.5%
Shares Short
(Prior Month)
28.0K
Short Ratio0.64 
Daily Volume28.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001, except mrq*/ttm* items as of 31-Mar-2001)

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