Carriage Services Inc. (CSV)

In October 2025, Raymond James initiated coverage with an "Outperform" rating, causing a 6% share increase. The company declared a quarterly cash dividend of $0.1125 per share. In September 2025, Carriage Services acquired Faith Chapel Funeral Homes & Crematory in Pensacola, Florida. Q2 CY2025 results exceeded revenue expectations but showed flat year-on-year sales, while Q1 CY2025 results surpassed expectations due to a shift in the flu season. Management anticipates volume growth will normalize in the next fiscal year. Insider trading included sales by CEO Carlos Quezada and VP Shane Pudenz, and buys by independent directors and an advisor.

The demand for Carriage Services' products and services exhibits seasonality, with higher death rates during the winter months due to increased incidences of deaths from influenza and pneumonia. Funeral homes are busier around the holidays and through the start of the New Year, with January often experiencing the highest number of deaths. Summer months tend to be slower, with the lowest number of deaths often occurring in September.

Carriage Services, Inc. operates in the Consumer Discretionary sector, providing funeral and cemetery services and products. The company's business is segmented into Funeral Home Operations and Cemetery Operations, offering services such as consultation, funeral facilities, transportation, cremation, and merchandise sales. In Cemetery Operations, they provide interment rights, merchandise like markers and monuments, and installation services.

Carriage Services, Inc. has a national footprint, operating in more than 20 states. As of December 31, 2021, the company managed 170 funeral homes across 26 states and 31 cemeteries in 11 states. More recent data indicates the company operates 162 funeral homes and 28 cemeteries across 24 states.

Carriage Services, Inc. received a positive boost to its brand reputation and was ranked #33 on Forbes' Most Successful Small Companies for 2025. This recognition highlighted the company's growth, innovation, and dedication to serving families.

Carriage Services, Inc. is primarily owned by institutional shareholders, holding approximately 75.90% of the stock, with insiders owning about 36.42%. The company was founded in 1991 and went public on August 8, 1996. Major institutional owners include Fmr LLC, BlackRock Inc., and Vanguard Group Inc. Key individual owners include Melvin C. Payne, L. William Heiligbrodt, and Mark F. Wilson.