---
schema_version: "secwatch.filing_event.v1"
accession: "0001008886-22-000143"
form_type: "8-K"
ticker: "CVLG"
cik: "0000928658"
company_name: "COVENANT LOGISTICS GROUP, INC."
filed_at: "2022-10-20T23:59:59+00:00"
generated_at: "2026-06-23T02:31:41.063640+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Covenant Logistics Q3 GAAP EPS $3.39, adj. EPS $1.52; promotes Paul Bunn to President

## Summary
- Q3 GAAP diluted EPS $3.39, adjusted $1.52; total revenue $311.8M (+13.6% YoY).
- Recorded $38.5M pre-tax gain on sale of California terminal; operating income $59.1M.
- Repurchased ~1.0M shares in Q3, 3.3M YTD through Oct 17; net debt $32.2M, cash $59.3M.
- Paul Bunn promoted to President and COO effective Jan 1, 2023; Joey Hogan to part-time EVP.
- Expect >$1B annual revenue; Q4 adjusted margin similar to Q3; 2023 outlook cautions on inflation.

## SEC filing metadata
- accession: 0001008886-22-000143
- form_type: 8-K
- ticker: CVLG
- cik: 0000928658
- company_name: COVENANT LOGISTICS GROUP, INC.
- filed_at: 2022-10-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/928658/000100888622000143/0001008886-22-000143-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/928658/000100888622000143/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001008886-22-000143
- JSON: https://secwatch.observer/filing/0001008886-22-000143.json
- Plain text: https://secwatch.observer/filing/0001008886-22-000143.txt

## Key facts
- Executive change
  Paul Bunn changed role as President and Chief Operating Officer at COVENANT LOGISTICS GROUP, INC..
  - Action: promoted
  - Role: President and Chief Operating Officer
  source text: the promotion of Paul Bunn to President and Chief Operating Officer (“COO”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/928658/000100888622000143/0001008886-22-000143-index.htm
- Executive change
  Joey Hogan changed role as Executive Vice President at COVENANT LOGISTICS GROUP, INC..
  - Action: transitioned
  - Role: Executive Vice President
  source text: the transition of Joey Hogan to a part time Executive Vice President (“EVP”) role
  evidence_url: https://www.sec.gov/Archives/edgar/data/928658/000100888622000143/0001008886-22-000143-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.