Covenant Logistics Stock: A Tough Road Ahead (NASDAQ:CVLG)

Semi truck at storage warehouse .

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Investment Thesis

Covenant Logistics’ (NASDAQ:CVLG) revenue in 2023 should decline due to decreased volumes resulting from inventory destocking in its major end markets, such as retail, industrial, and paper & packaging. However, the company plans to capitalize on this situation by pursuing acquisitions that will helpleverage ratio of 0.34x

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