Covenant Logistics Group is a holding company. Through its subsidiaries, Co. provides truckload transportation services primarily throughout the continental U.S. utilizing equipment it owns or leases or equipment owned by independent contractors. Co. provides two separate segments: Expedited and Dedicated, both of which transport trailer loads of freight from origin to destination with minimal intermediate stops or handling. Co.'s Expedited reportable operating segment transports freight over nonroutine routes. Co.'s Dedicated reportable operating segment provides similar transportation services, but does so pursuant to agreements whereby it makes its equipment available. We show 15 historical shares outstanding datapoints in our CVLG shares outstanding history coverage, used to compute CVLG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CVLG market cap history over the course of time is important for investors
interested in comparing CVLG's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CVLG versus a peer is one thing; comparing
CVLG market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CVLG can fluctuate over the course of history.
With this page we aim to empower investors researching CVLG by allowing them to research the CVLG market cap history. |
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Video: The Importance of Market Cap
