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3-1 Month Momentum % is the total return of the stock from 3-month ago to 1-month ago. As of today (2026-08-08), Covenant Logistics Group's 3-1 Month Momentum % is 33.06%.
The industry rank for Covenant Logistics Group's 3-1 Month Momentum % or its related term are showing as below:
CVLG's 3-1 Month Momentum % is ranked better than 96.05% of 1062
companies
in the Transportation industry
Industry Median: -3.135
vs CVLG: 33.06
Covenant Logistics Group (NYSE:CVLG) 3-1 Month Momentum % Explanation
Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 3-1 Month Momentum % measures the total return to a stock over the past three months, but ignores the previous month.
The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.
Covenant Logistics Group 3-1 Month Momentum % Related Terms
CVLG vs HTLD, MRTN, ULH: 3-1 Month Momentum % Comparison
For the Trucking subindustry, Covenant Logistics Group's 3-1 Month Momentum %, along with its competitors' market caps and 3-1 Month Momentum % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Covenant Logistics Group 3-1 Month Momentum % vs Transportation Industry
For the Transportation industry and Industrials sector, Covenant Logistics Group's 3-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Covenant Logistics Group's 3-1 Month Momentum % falls into.
Covenant Logistics Group (NYSE:CVLG) 3-1 Month Momentum % Calculation
3-1 Month Momentum % is calculated as following:
3-1 Month Momentum %
=
( Price 1-month ago
/
Price 3-month ago
- 1 )
*
100 %
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Covenant Logistics Group (CVLG) has a 3-1 Month Momentum % of 33.06% as of Aug. 08, 2026. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on Covenant Logistics Group and its competitors. According to the industry distribution chart, Covenant Logistics Group ranks #42 out of 1062 companies in the Transportation industry, placing it in the top 4%.
Is Covenant Logistics Group's 3-1 Month Momentum % too high?
Covenant Logistics Group's current 3-1 Month Momentum % is 33.06%. Based on the distribution chart, Covenant Logistics Group ranks #42 out of 1062 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Covenant Logistics Group has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Covenant Logistics Group's 3-1 Month Momentum % compare to HTLD and MRTN?
According to the Transportation industry distribution chart, Covenant Logistics Group ranks #42 out of 1062 companies for 3-1 Month Momentum %. This places Covenant Logistics Group in the top 4% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-1 Month Momentum % for a Transportation company?
A good 3-1 Month Momentum % depends on the Transportation industry context. However, 3-1 Month Momentum % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-1 Month Momentum % mean?
A high 3-1 Month Momentum % can signal that a stock is expensive relative to its fundamentals. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on Covenant Logistics Group and its competitors. Covenant Logistics Group's current 3-1 Month Momentum % is 33.06%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Covenant Logistics Group stock overvalued right now?
Based on GuruFocus' analysis, Covenant Logistics Group (CVLG) is currently considered Modestly Overvalued. The stock's GF Value™ is $27.66, compared to a current price of $34.65 — trading 25.3% above its estimated fair value. The current 3-1 Month Momentum % is 33.06%. Covenant Logistics Group's overall GF Score™ is 73/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-1 Month Momentum % calculated?
3-1 Month Momentum % is calculated from a company's financial statements. For Covenant Logistics Group (CVLG), the current 3-1 Month Momentum % is 33.06% as of Aug. 08, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Covenant Logistics Group (CVLG) Overvalued in 2026?
Based on GuruFocus' analysis, Covenant Logistics Group stock appears to be overvalued.
The current stock price of $34.65 is trading 25.3% above its estimated GF Value™ of $27.66.
GuruFocus considers Covenant Logistics Group to be Modestly Overvalued.
Key valuation signals for CVLG:
3-1 Month Momentum %: 33.06%
GF Value™: $27.66 vs. price of $34.65 (25.3% above fair value)
No single metric tells the full story. See the CVLG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Covenant Logistics Group Inc together with its wholly-owned subsidiaries, offers truckload transportation and freight brokerage services to customers throughout the continental United States. The company's reportable segments include Expedited, Dedicated Services, Managed Freight, and Warehousing. The expedited segment provides truckload services to customers with high service freight and delivery standards. Dedicated segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length. The Managed Freight segment includes brokerage services and TMS. The warehousing segment provides day-to-day warehouse management services to customers who have chosen to outsource this function.
73GF Score
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3-1 Month Momentum % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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