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, primarily attributed to a significant 21.4% rise in cemetery preneed sales. The company also achieved an impressive 9.5% increase in adjusted free cash flow, reaching $39.3 million, alongside a 9.0% rise in cash flow from operations to $46.6 million for the first nine months of 2025. Furthermore, the continued growth in revenue from the Cemetery Operations segment, which contributed to a 12.6% increase in third-quarter revenue, highlights the company’s strong market positioning and operational efficiency.

Carriage Services Inc. faces a negative financial outlook due to a significant decline in both operating income and net income, dropping 23.5% and 33.4%, respectively, as a result of increased divestiture losses and impairment charges impacting profitability. The Funeral Home Operations segment, which accounts for the majority of the company’s revenue, reported a decrease in funeral revenue and a concerning 5.5% decline in funeral contract volume, indicating potential challenges in sustaining demand. Additionally, external macroeconomic pressures and a reduced trajectory of at-need funeral volumes suggest that pre-need sales may be adversely affected, further complicating the company’s financial stability moving forward.