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Covenant Transportation Group (CVTI) Soars: Stock Adds 16.8% in Session

Zacks Equity Research

Covenant Transportation Group, Inc. (NASD:CVTI) was a big mover last session, as the company saw its shares rise nearly 17% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $7.55 to $8.22 in the past one-month time frame.

The company has seen no estimate revision over the past 30 days and the Zacks Consensus Estimate has not been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Covenant Transportation Group currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

However, better-ranked stocks in the trucks transportation industry include Arkansas Best Corp. (NASD:ABFS), Forward Air Corp. (NASD:FWRD) and Heartland Express, Inc. (NASD:HTLD). All these have a Zacks Rank #2 (Buy).

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ARKANSAS BEST CP (ABFS): Free Stock Analysis Report

FORWARD AIR CP (FWRD): Free Stock Analysis Report

HEARTLAND EXPRESS INC (HTLD): Free Stock Analysis Report

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