COVENANT LOGISTICS GROUP, INC.
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 7, 2025
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Item 1A. RISK FACTORS
While we attempt to identify, manage, and mitigate risks and uncertainties associated with our business, some level of risk and uncertainty will always be present. Our Form 10-Q for the quarter ended June 30, 2025 and our Form 10-K for the year ended December 31, 2024, in the sections entitled "Item 1A. Risk Factors," describe some of the risks and uncertainties associated with our business. These risks and uncertainties have the potential to materially affect our business, financial condition, results of operations, cash flows, projected results, and future prospects.
The table below sets forth information with respect to purchases of our Class A common stock made by us during the quarter ended September 30, 2025:
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(1) | Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs(1) |
|---|---|---|---|---|
| July 1-31, 2025 | 40,080 | $25.31 | 40,080 | $13,799,610 |
| August 1-31, 2025 | - | - | - | 13,799,610 |
| September 1-30, 2025 | - | - | - | 13,799,610 |
| Total | 40,080 | 40,080 | $13,799,610 |
| (1) | On April 23, 2025, our Board approved the repurchase of up to $50.0 million of our outstanding Class A common stock. Under such authorization, we repurchased less than 0.1 million shares of our Class A common stock for $1.0 million (excluding excise tax) during the three months ended September 30, 2025. |
The payment of cash dividends is currently limited by our financing arrangements, including certain covenants under our Credit Facility. We distributed a total of $5.4 million to stockholders in the first nine months of 2025 through dividends.
| ITEM 3. | DEFAULTS UPON SENIOR SECURITIES |
|---|
Not applicable.
| ITEM 4. | MINE SAFETY DISCLOSURES |
|---|
Not applicable.
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