An example of a caravan is

eight covered wagons traveling together on the trail.

one covered wagon traveling by itself.

a covered wagon passing a horse.

a covered wagon traveling at top speed.

3 answers

It is not accurate to say that a covered wagon is traveling at top speed, as covered wagons were typically pulled by horses and did not move very quickly.
pick one
Sure, an example of a caravan is eight covered wagons traveling together on the trail.