Covenant Transportation Group is a holding company. Through its subsidiaries, Co. provides truckload transportation and brokerage services through truckload services (Truckload) and Managed Freight segments. The Truckload segment consists of: Expedited, which involves high service freight with delivery standards; Dedicated, which involves longer-term contracts that allocate a specified number of tractors and trailers to a customer; Refrigerated, which includes fresh and frozen foods, pharmaceuticals, cosmetics, and other freight; and over-the-road. In addition, Co.'s Managed Freight segment includes freight brokerage, transportation management services, and shuttle and switching services. We show 41 historical shares outstanding datapoints in our CVTI shares outstanding history coverage, used to compute CVTI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CVTI market cap history over the course of time is important for investors
interested in comparing CVTI'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 CVTI versus a peer is one thing; comparing
CVTI 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 CVTI can fluctuate over the course of history.
With this page we aim to empower investors researching CVTI by allowing them to research the CVTI market cap history. |
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Video: The Importance of Market Cap
