Today, a Director at Covenant Transportation Group (NASDAQ: CVTI), William Thomas Alt, sold shares of CVTI for $50.83K.
Following William Thomas Alt’s last CVTI Sell transaction on February 09, 2015, the stock climbed by 2.6%.
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Based on Covenant Transportation Group’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $196 million and quarterly net profit of $9.97 million. In comparison, last year the company earned revenue of $164 million and had a net profit of $1.55 million. CVTI’s market cap is $550.3M and the company has a P/E ratio of 8.09. Currently, Covenant Transportation Group has an average volume of 78.73K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $35.67, reflecting a -15.7% downside.
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Covenant Transportation Group, Inc. is a holding company, which engages in the provision of freight and logistics services. It operates through the following segments: Truckload and Managed Freight segments. The Truckload segment comprises of fleets that render truckload services.
