Carriage Services Inc. (CSV)

Carriage Services exceeded Q3 2025 forecasts but the stock declined post-earnings. The CEO sold shares in October 2025. Raymond James initiated coverage with an Outperform rating, causing the stock to rise. Quarterly dividends were declared in October 2025 and January 2026. Executive leadership changes were announced in January 2026. InvestingPro identified CSV as undervalued in February 2024, and the stock delivered a 73% return by February 2026. Q4 2025 earnings are expected to be announced on February 25, 2026.

Demand for Carriage Services' products and services is influenced by demographic trends and health-related events. The company has noted a decline in at-need funeral volumes since a COVID-driven surge in 2021 and anticipates a return to a normalized 1-2% funeral volume growth rate in 2026. There is some indication of seasonality related to health trends, and demographics are expected to be a tailwind for the industry.

Carriage Services, Inc. (CSV) provides funeral and cemetery services and merchandise in the United States, operating through Funeral Home Operations (80% of revenue) and Cemetery Operations (20% of revenue). The Funeral Home Operations segment offers burial, cremation, consultation, and merchandise sales, while the Cemetery Operations segment provides interment rights and related merchandise and services on both an at-need and preneed basis.

Carriage Services, Inc. operates exclusively in the United States. As of January 15, 2026, the company operated 155 funeral homes in 24 states and 28 cemeteries in 9 states, with a presence in states such as California, Texas, New York, and Florida. Strategic acquisitions have contributed to expanding its geographic reach.

Carriage Services, Inc. was ranked #33 on Forbes' Most Successful Small Companies list for 2025, highlighting its growth and commitment to innovation. The company prides itself on offering compassionate care and support, coupled with professional and dignified service. No specific negative events impacting its brand reputation in the past year were found in the search results.

Major institutional owners of Carriage Services, Inc. include Fidelity Management & Research Company LLC, The Vanguard Group, Inc., BlackRock Institutional Trust Company, N.A., and Vineyard Capital Partners LLC. Other significant institutional holders include Fidelity Institutional Asset Management, LSV Asset Management, Dimensional Fund Advisors, L.P., and Renaissance Technologies LLC. Individual insiders hold approximately 2.5% of the company's shares.