Carriage Services (CSV) Stock Forecast & Price Target

Carriage Services Inc. demonstrated a solid financial performance with a 5.2% year-over-year increase in operating revenue, primarily fueled by a substantial 21.4% surge in cemetery preneed sales. The company also reported a significant 9.5% rise in adjusted free cash flow, amounting to $39.3 million, alongside a robust 23.5% growth in financial operating EBITDA, reflecting strong operational efficiency. Additionally, cash flow from operations improved by 9.0% to $46.6 million for the first nine months of 2025, underscoring a favorable trend in net income and financial stability.

Carriage Services Inc. reported a decline in its financial performance for the third quarter, with operating income decreasing by 23.5% to $17.5 million and net income down 33.4% to $6.6 million. Revenue from the Funeral Home Operations segment, which constitutes 54% of total revenue, fell by 1.3% primarily due to a 5.5% drop in funeral contract volume, despite a slight increase in average revenue per contract. Additionally, projected revenue and adjusted EBITDA for 2026 have been revised downward, indicating a weakening growth outlook as the company continues to divest non-core businesses, adversely impacting its long-term growth trajectory.