Carriage Services (CSV) Stock Forecast & Price Target

Carriage Services Inc has demonstrated a strong financial performance, highlighting a 5.2% year-over-year increase in operating revenue, primarily fueled by a substantial 21.4% rise in cemetery preneed sales. The company's adjusted free cash flow rose by 9.5% to $39.3 million, alongside a 9.0% increase in cash flow from operations to $46.6 million in the first nine months of 2025, indicating robust operational efficiency. Additionally, significant gains in both financial operating EBITDA and cemetery operating EBITDA, with margins remaining high, reinforce a positive outlook for the company as it continues to capture growth in its core segments.

Carriage Services Inc. has reported a 4.8% decrease in Funeral operating EBITDA to $20.6 million, which reflects a decline in operating income by 23.5% to $17.5 million, significantly impacted by increased losses and impairment charges related to divestitures. The company's net income also fell by 33.4% to $6.6 million, which was notably below both internal estimates and market consensus, indicating potential challenges in achieving growth targets. Additionally, while revenue forecasts for 2026 project a slight increase, they still fall short of earlier estimates, suggesting ongoing headwinds in both funeral revenue and contract volumes, which may further constrain Carriage's financial stability and overall outlook.