Carriage Services is rated BUY, supported by compelling EV/EBITDA valuation and improving balance sheet metrics. CSV's growth is driven by M&A in a fragmented industry and internal efficiency gains from the Trinity ERP rollout. Leverage ratios are trending down, with management targeting 3.5–4x; interest coverage remains healthy at 3.5x TTM.
Carriage Services NYSE: CSV reported first-quarter 2026 results that management said reflected steady execution despite a difficult year-over-year comparison, as lower funeral volumes were offset in part by gains in cemetery operations and pre-need sales.
Carriage Services, Inc. (CSV) Q1 2026 Earnings Call Transcript
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 16 | $731.89 | $619.44 | -$112.45 | -15.36% |
| SN Stephanie Nee HARBOR CAPITAL ADVISORS Inc. | 166 | $5,900.23 | $6,418.39 | $518.16 | 8.78% |
Point72 Asset Management LP Point72 Asset Management LP | 25,479 | $1.15M | $986,419.48 | -$161,088.11 | -14.04% |
| RR rosemary richard WCG Wealth Advisors LLC | 12,763 | $582,758.58 | $493,800.47 | -$88,958.11 | -15.27% |
Joseph Castro Nuveen LLC | 30,658 | $1.19M | $1.19M | -$1,226.46 | -0.1% |
| Personal Care Products Industry | Consumer Staples Sector | Carlos R. Quezada CEO | NYSE Exchange | 143905107 CUSIP |
| US Country | 2,321 Employees | 3 Aug 2026 Last Dividend | - Last Split | 8 Aug 1996 IPO Date |
Carriage Services, Inc. is a distinguished provider of funeral and cemetery services, including merchandise across the United States. Structured into two primary operational segments—Funeral Home Operations and Cemetery Operations—the company offers a comprehensive range of end-of-life services. Founded in 1991 and headquartered in Houston, Texas, Carriage Services, Inc. stands as a significant facilitator for those seeking dignified funeral and memorial options, as well as comprehensive cemetery services and products.
Carriage Services, Inc. offers a wide array of products and services that cater to the needs of individuals and families during their most challenging times. These offerings are spread across two main segments:
This segment includes a variety of services aimed at managing and facilitating funeral services seamlessly. Clients receive expert consultation, access to funeral home facilities for visitation and memorial occasions, and professional assistance with the transportation, removal, and preparation of remains. Additionally, the company sells crucial funeral merchandise like caskets and urns, offers cremation services, and supplies related funeral merchandise, catering to diverse preferences and requirements.
Within this segment, Carriage Services, Inc. provides comprehensive cemetery-related services and products. This encompasses the sale of interment rights in various forms—gravesites, lawn crypts, mausoleum spaces, and niches—which ensures a range of options for final resting places. Furthermore, the company markets related cemetery merchandise, such as memorial markers, outer burial containers, and monuments. They also offer full services for interments, inurnments, and the installation of cemetery merchandise, ensuring a respectful and seamless end-of-life commemoration.