Carriage Services (CSV) Stock Forecast & Price Target

Carriage Services Inc. demonstrated a robust financial performance with a 5.2% year-over-year increase in operating revenue, predominantly fueled by a significant 21.4% rise in cemetery preneed sales. The company's adjusted free cash flow surged by 9.5%, reaching $39.3 million, while cash flow from operations experienced a notable increase of 9.0% to $46.6 million in the first nine months of 2025. Additionally, the cemetery revenue rose by 12.6% in the third quarter, underscoring the successful growth in both the number of preneed interment rights sold and higher average pricing.

Carriage Services, Inc. experienced a decline in key financial metrics, with funeral operating EBITDA decreasing by 4.8% to $20.6 million and operating income down 23.5% to $17.5 million, significantly impacted by increased losses from divestitures and impairments. The company reported a 33.4% decrease in net income to $6.6 million and a 1.3% decline in funeral revenue due to a 5.5% decrease in funeral contract volume, reflecting challenges in consumer spending and macroeconomic pressures. Additionally, industry trends indicate ongoing difficulties, with a pressure on pre-need sales and changes in at-need funeral volumes influenced by a declining death rate since 2021.