Lumida
/CSV
⌘K
Carriage Services Inc

Carriage Services Inc

CSV
$37.67USD↓-3.14%-1.22 today

MARKET CAP

597.9M

P/E (TTM)

12.0x

FWD P/E

10.4x

DAY RANGE

$37 – $39

52W RANGE

$37
$52

AI Summary

Stalk
Sell NowMedium

The asset is in a Stage 4 decline with clear lower highs and lower lows under declining EMAs, supporting a bearish medium-term bias and short-term timing that favors selling rallies into the 9- and 20-EMA. The long-term uptrend remains intact but is out of phase with the current downtrend, so we recommend selling on rejections at short-term resistance while monitoring for any reclaim of key moving averages.

  • ↑Q1 revenue of $107.1 M (+3.5% YoY) shows post-COVID stability
  • ↑Pre-need internment rights sold rose 22.9%, bolstering future cash flows
  • ↓Funeral home admissions fell 5.8%, dragging revenue by 0.9%
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The case for & against

Bull & Bear analysis

Bullish

Carriage Services, Inc. (NYSE: CSV) is a key provider in the death care industry, specializing in funeral and cemetery services across the United States. The company is focused on delivering exceptional customer experiences and operational efficiencies while navigating a competitive landscape driven by demographic changes and market cycles. With a commitment to strategic acquisitions and investments in technology, Carriage Services is positioning itself as a significant player in a traditionally stable yet evolving sector.

Bull says

  • ↑Q1 revenue of $107.1 M (+3.5% YoY) shows post-COVID stability
  • ↑Pre-need internment rights sold rose 22.9%, bolstering future cash flows
  • ↑Adjusted EBITDA margin expanded to 31.8%; free cash flow grew 3.5% YoY
  • ↑Strategic acquisitions like Faith Chapel drive market share and synergies
  • ↑Management targets 10–20% annual growth amid favorable aging demographics
  • ↑High earnings yield, positive momentum, and strong liquidity underpin valuation

Bear says

  • ↓Funeral home admissions fell 5.8%, dragging revenue by 0.9%
  • ↓Overhead costs climbed to 14% of revenues amid inflation and labor hikes
  • ↓High short interest and low institutional ownership reflect investor skepticism
  • ↓Integration risks from recent acquisitions could offset expected synergies
  • ↓Cyclical recovery in service volumes may lag, weighing on future sales
  • ↓Negative growth revisions and weak momentum signal demand headwinds

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-12-2026neutral

Transcript signals

Bull points

  • As noted in our earnings release, we are excited to announce that we established an at-the-market equity offering program, or ATM program, as a prudent enhancement to our capital markets toolkits.
  • We expect to accept the ATM program selectively and opportunistically, consistent with our commitment to balance sheet strength, discipline capital allocation, and shareholder value creation.
  • We reported consolidated adjusted EBITDA of $33.8 million, or 31.8% of revenue, up from $32.9 million, or 30.8% of revenue of last year's first quarter.

Bear points

  • comparable funeral EBITDA fell by approximately $2.4 million due to lower volume within the channel this quarter, which offset the majority of those gains.
  • The decline was primarily a result of a higher effective tax rate in this year's first quarter. The effective tax rate for the first quarter was 26.7%, compared to 20.3% in the first quarter of 2025.
  • For the first quarter, we reported revenue of $106.1 million, a 0.9% decrease from the same period last year. The primary reason for this variance was a decline in funeral home admit volume of 5.8%.
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