Carriage Services (CSV) Stock Forecast & Price Target

Carriage Services Inc. has demonstrated a robust financial performance, with a 5.2% year-over-year increase in operating revenue, primarily fueled by a significant 21.4% rise in cemetery preneed sales. Furthermore, the company reported a 9.0% growth in cash flow from operations, amounting to $46.6 million for the first nine months of 2025, alongside a notable 9.5% increase in adjusted free cash flow to $39.3 million. Strong growth metrics are also evident in the cemetery segment, where revenue surged 12.6% in the third quarter, contributing to improved profitability evidenced by a 23.5% increase in financial operating EBITDA.

Carriage Services, Inc. experienced a decline in its financial performance, with funeral operating EBITDA decreasing by 4.8% to $20.6 million, driven by a decrease in operating income of 23.5% to $17.5 million, impacted significantly by divestiture losses and impairment charges. Furthermore, net income fell by 33.4% to $6.6 million, undershooting both internal estimates and consensus expectations, indicating underlying operational challenges. The company also faces pressures in its core pre-need sales due to economic volatility and a declining trajectory in at-need funeral volumes, correlating with a decrease in demand since the COVID-driven surge in 2021.