Carriage Services (CSV)
Operates locally branded funeral homes and cemeteries across the United States.
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Operates funeral homes and cemeteries across the United States through locally branded partner businesses. Revenue comes from death-care services and cemetery operations, while acquisitions and divestitures reshape a distributed portfolio governed through a decentralized Standards Operating Model.
Operates funeral homes and cemeteries across the United States, providing death-care services through a portfolio of locally branded businesses. The operating footprint spans more than a hundred funeral homes and dozens of cemeteries.
Uses a Standards Operating Model that gives local partners operating responsibility and supports programs tailored to community needs. This decentralized approach follows an earlier shift away from centralized national preneed marketing.
Builds and reshapes the portfolio through acquisitions, divestitures, and property transactions. Rapid acquisition-led expansion shaped the early business, while the Fresh Start reset addressed high debt by reducing overhead, changing preneed marketing, and selling weaker properties. Continued growth depends on selecting, financing, and integrating local businesses while maintaining service standards across a distributed network.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 13, 2026 | Oppenheimer | Initiate | Rating: —Target: — | Target: $48 |
| Aug 7, 2026 | Raymond James | Target | Target: $60 | Target: $50 |
| Aug 7, 2026 | Roth Capital | Target | Target: $40 | Target: $46 |
| Oct 1, 2025 | Raymond James | Target | Target: — | Target: $60 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.6M · Total debt $549.3M · Total assets $1.37B · Shareholders' equity $279.4M
- Revenue
- $102.9M
- Operating income
- $24.0M
- Net income
- $12.3M
HistoryDividendAnnual yield
| Institutions | 85.84% | 13.63M shares | |
|---|---|---|---|
| 160 holders · as of Jun 30, 2026 | |||
| Insiders | 8.42% | 1.34M shares | |
| 16 holders · as of Jul 1, 2026 | |||
| Strategic holders | 6.93% | 1.10M shares | |
| 1 holder · as of Feb 12, 2026 | |||
| Adds to | 101.19% | ||
15.88M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 101.19%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
FMR LLCInstitution | 14.99% | 2.38M | as of Jun 30, 2026 |
Vineyard Capital Partners, L.L.C.Strategic | 6.93% | 1.10M | filed Feb 12, 2026 |
BlackRock, Inc.Institution | 6.92% | 1.10M | as of Jun 30, 2026 |
Jeff BoutwellInsider | 4.90% | 779,000 | filed Aug 7, 2024 |
T. Rowe Price Investment Management, Inc.Institution | 4.57% | 725,953 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Oct 7, 2025 | Carlos R. Quezada | director, officer: CEO | −4,250 | $46.14 |
- Service Corporation International
Largest direct rival across funeral, cemetery, cremation, and preneed
- Security National Financial
Regional funeral, cemetery, cremation, and preneed operator
- Matthews International
Memorialization rival in caskets, markers, monuments, and cremation
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Carriage Services | $31.86 | +0.28% | $490.1M | 11.1 | 9.1 | 1.2 | +0.8% |
| Service Corporation International | $78.11 | −0.05% | $10.60B | 17.3 | 17.7 | 2.4 | +3.6% |
| Security National Financial | $8.80 | +0.23% | $196.8M | 5.7 | — | 0.8 | +3,446.8% |
| Matthews International | $19.91 | 0.00% | $617.2M | — | 24.9 | 0.6 | −29.6% |
| Median | 11.5 | 21.3 | 0.8 | +3.6% |