ATLANTA, GA – – (Newsfile Corp. – January 31, 2023) – – Holzer & Holzer, LLC is investigating whether Covenant Logistics Group, Inc. (“Covenant Logistics” or the “Company”) (NASDAQ: CVLG) complied with federal securities laws. On January 25, 2023, the Company released fourth quarter financial results, including non-GAAP earnings that missed consensus estimates. The Company attributed the results, at least in part to, “an unusual expense from two items: (i) an early lease abandonment and disposal charge and (ii) excess equipment due to delivery of a large number of new tractors combined with delays in removing existing leased tractors from operations.” Following that disclosure, the Company’s stock dropped.
If you purchased Covenant Logistics stock and suffered a loss on that investment, you are encouraged to contact Corey Holzer, Esq. at firstname.lastname@example.org or Joshua Karr, Esq. at email@example.com, call our toll-free number at (888) 508-6832, or visit our website at https://holzerlaw.com/case/covenant-logistics/ to discuss your legal rights.