Covenant Logistics Group, Inc.
Covenant Logistics Group, Inc. (NYSE: CVLG) is trading at $32.65, about ₹3,137 at today's USD/INR rate, as of 29 Sep 2026, 2:43 PM ET, down 0.18% today. Indian residents can buy Covenant Logistics from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$32.45
Today's high
$32.96
52 week low
$18.00
52 week high
$49.88
CVLG opened at $32.96, closed previously at $32.71, and has traded between $18.00 and $49.88 over the past 52 weeks.
About
Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. The Dedicated segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length using equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers’ freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. The Warehousing segment provides day-to-day warehouse management services to customers, as well as shuttle and switching services related to shuttling containers and trailers. The company also engages in used equipment sales and leasing business. It serves transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in May 2007. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.
Key statistics
Avg. volume
208.99K
Market cap
$821.36M
P/E Ratio
217.67
Price-to-sales ratio
0.67
Enterprise value
$884.97M
Free cash flow yield
-6.15%
Debt-to-equity ratio
0.79
Return on equity
1.79%
ROIC
1.21%
Beta
1.30
Dividend yield
0.86%
Last dividend
$0.28
Financial overview
Revenue
$1.16B
Earnings per share
$0.28
Free cash flow
-$33.92M
Net profit margin
0.31%
Gross margin
10.68%
EBITDA
$116.87M
Revenue growth
2.92%
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This is not an investment recommendation
How to buy Covenant Logistics from India
Indian residents can buy Covenant Logistics shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for Covenant Logistics and place an order
Find Covenant Logistics by name or by its ticker, CVLG, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. Covenant Logistics trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Covenant Logistics position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Covenant Logistics from India
Trading and taxes when buying Covenant Logistics from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Covenant Logistics’ current yield is 0.86%.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy Covenant Logistics stock?
Yes. Covenant Logistics (CVLG) has been listed on the New York Stock Exchange since 1994, in the Trucking industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one Covenant Logistics share cost in rupees?
One Covenant Logistics share is $32.65 — about ₹3,137 at a USD/INR rate of 96.07 on 28 Sep 2026. Both the Covenant Logistics price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Covenant Logistics from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of Covenant Logistics?
Yes. One Covenant Logistics share is $32.65, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in Covenant Logistics.
How are gains on Covenant Logistics shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Covenant Logistics price. Paasa issues a capital-gains statement for your return.
Does Covenant Logistics pay a dividend, and how is it taxed in India?
Yes. Covenant Logistics pays a dividend and the current yield is 0.86%; the last declared dividend was $0.28 per share, about ₹26.90. Dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Covenant Logistics from India?
The New York Stock Exchange trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on Covenant Logistics shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare Covenant Logistics shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Covenant Logistics holding, its cost and its closing value.
How do I sell Covenant Logistics and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.