Company Confirms FY26 Revenue View of $440M-$450M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 06 2026
0mins
Backs FY26 revenue view $440M-$450M, consensus $443.34M. Backs FY26 adjusted EBITDA view $135M-$140M.
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Analyst Views on CSV
Wall Street analysts forecast CSV stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 38.270
Low
60.00
Averages
60.00
High
60.00
Current: 38.270
Low
60.00
Averages
60.00
High
60.00
About CSV
Carriage Services, Inc. is a provider of funeral and cemetery services and merchandise in the United States. Its Funeral home and cemetery businesses provide products and services to families in three areas: ceremony and tribute, generally in the form of a funeral or memorial service; disposition of remains, either through burial or cremation; and memorialization, generally through monuments, markers or inscriptions. Its funeral homes offer a complete range of services to meet a family's funeral needs, consultation, the removal and preparation of remains, the sale of caskets and related funeral merchandise, the use of funeral home facilities for visitation and memorial services and transportation services. Its Cemeteries provide interment rights (primarily grave sites, lawn crypts, mausoleum spaces and niches), related cemetery merchandise (such as memorial markers, outer burial containers and monuments) and services (interments, inurnments and installation of cemetery merchandise).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Resilient Investment Opportunities Amid Economic Fluctuations
- EZCORP Expansion Strategy: EZCORP is expanding its footprint to approximately 1,500 stores across 16 countries by acquiring Founders One's 105-store chain, demonstrating a keen understanding of short-term loan demand during economic downturns, which is expected to enhance its market share further.
- Gold Price Impact: The stock of EZCORP has surged about 150% over the past year, partly due to gold prices reaching a historic high of $5,000 per ounce in 2026, boosting its pawn and melting operations' profit margins from 22% to 38%, although future profitability hinges on gold price trends.
- Stable Demand for Carriage Services: Carriage Services has restarted its growth engine by acquiring funeral homes in new markets and securing a $60 million credit facility, and while it still carries significant debt, its business model remains stable amidst economic fluctuations, showcasing its non-cyclical nature.
- York Water's Long-Term Dividends: York Water has paid dividends every year since 1816 and recently raised approximately $48 million through a stock offering for capital projects; despite being a regulated utility with capped returns, its stable revenue stream allows it to perform well in times of economic uncertainty.
See More
Resilient Investments in Economic Downturns
- EZCORP Expansion Strategy: EZCORP expands its footprint to approximately 1,500 stores across 16 countries by acquiring Founders One's 105-store chain, capitalizing on strong demand for short-term loans during economic downturns, which is expected to enhance market share further.
- Gold Price Impact: The stock of EZCORP has surged about 150% over the past year, primarily driven by gold prices soaring above $5,000 per ounce, with management noting that its scrap margin increased from 22% to 38%, indicating a direct correlation between gold price fluctuations and profitability.
- Carriage Services' Steady Demand: Carriage Services has entered the Tennessee market through acquisitions and secured a $60 million credit facility, and despite significant debt, its growth potential in a non-cyclical demand environment makes it an ideal candidate for defensive investment.
- York Water's Long-term Stability: York Water has paid dividends every year since 1816 and recently raised approximately $48 million through a stock offering for capital projects, and while it faces regulatory caps and interest rate sensitivity, its revenue stability remains attractive amid economic uncertainty.
See More
Carriage Services Stock Enters Oversold Territory
- Oversold Indicator Analysis: Carriage Services, Inc. has a Relative Strength Index (RSI) of 29.3, falling below the oversold threshold of 30, indicating that the recent stock price decline may be nearing exhaustion, thus providing potential buying opportunities for investors.
- Dividend Yield Opportunity: Based on the current share price of $38.63, CSV's annualized dividend of $0.45 translates to a yield of 1.16%, allowing dividend investors to capture higher returns in an oversold condition.
- Market Comparison Analysis: Compared to the average RSI of 49.3 for other dividend stocks, CSV's oversold status may attract yield-seeking investors, especially amid increasing market volatility.
- Importance of Dividend History: While dividend predictability is limited, analyzing CSV's dividend history can assist investors in assessing the likelihood of future dividend sustainability, enabling more informed investment decisions.
See More
Carriage Services Acquires McCammon Ammons Click Funeral Home
- Acquisition Announcement: Carriage Services has announced the acquisition of substantially all assets of McCammon Ammons Click Funeral Home in Maryville, Tennessee, which will further expand its market share in the state.
- Market Entry: By entering the Greater Knoxville market with McCammon Ammons Click, a premier business with a 120-year history, Carriage Services enhances its competitive position in the region.
- Legacy and Development: The McCammon Ammons Click team expressed the desire to find a partner that would protect and build upon their century-old legacy, with Carriage Services being viewed as the ideal choice, reflecting its commitment to the community.
- Business Expansion: Carriage Services currently operates 155 funeral homes across 24 states and 28 cemeteries in 9 states, and this acquisition will further solidify its position as a leading funeral service provider in the United States.
See More
Carriage Services Q1 2026 Earnings Call Insights
- Revenue Performance: Carriage Services reported Q1 revenue of $106.1 million, down 0.9% year-over-year, primarily due to a 5.8% decline in funeral home admit volume, although the actual decline was only 2.3% when combining Q4 2025 and Q1 2026, demonstrating the company's resilience in adversity.
- Profitability: Adjusted consolidated EBITDA reached $33.8 million with a 31.8% margin, and despite a $2.4 million decline in comparable funeral EBITDA due to lower volume, the company maintained its margin through improved cemetery operations and premium funeral sales.
- Capital Market Tool: CFO John Enwright announced the establishment of an at-the-market equity offering program (ATM) aimed at providing flexible funding support for acquisitions while ensuring leverage remains within the targeted range of 3.5x to 4x, enhancing the company's capital markets toolkit.
- 2026 Outlook: Management maintained its full-year 2026 targets, projecting revenue between $440 million and $450 million and adjusted EBITDA of $135 million to $140 million, reflecting confidence in future growth despite not incorporating the ATM program into the outlook.
See More
Carriage Services Q1 Financial Highlights
- Earnings Performance: Carriage Services reported a Q1 non-GAAP EPS of $0.86, indicating stable profitability despite a revenue decline, which lays a solid foundation for future growth.
- Revenue Growth Drivers: The company achieved Q1 revenue of $106.1 million, a 15.7% increase year-over-year, primarily driven by an 8.0% rise in insurance-funded preneed funeral contracts sold, enhancing general agency commission revenue and strengthening market competitiveness.
- Operating Income Decline: Operating income fell by $6.3 million, largely due to a prior year gain of $7.8 million from divestitures and real property sales, reflecting challenges in asset management for the company.
- EBITDA Improvement: Adjusted consolidated EBITDA grew by 2.4%, or $0.8 million, demonstrating improved profitability despite lower quarterly revenue compared to the previous year, indicating that the company's operational optimization strategies are taking effect.
See More
Resilient Investment Opportunities Amid Economic Fluctuations
- EZCORP Expansion Strategy: EZCORP is expanding its footprint to approximately 1,500 stores across 16 countries by acquiring Founders One's 105-store chain, demonstrating a keen understanding of short-term loan demand during economic downturns, which is expected to enhance its market share further.
- Gold Price Impact: The stock of EZCORP has surged about 150% over the past year, partly due to gold prices reaching a historic high of $5,000 per ounce in 2026, boosting its pawn and melting operations' profit margins from 22% to 38%, although future profitability hinges on gold price trends.
- Stable Demand for Carriage Services: Carriage Services has restarted its growth engine by acquiring funeral homes in new markets and securing a $60 million credit facility, and while it still carries significant debt, its business model remains stable amidst economic fluctuations, showcasing its non-cyclical nature.
- York Water's Long-Term Dividends: York Water has paid dividends every year since 1816 and recently raised approximately $48 million through a stock offering for capital projects; despite being a regulated utility with capped returns, its stable revenue stream allows it to perform well in times of economic uncertainty.
See More
Resilient Investments in Economic Downturns
- EZCORP Expansion Strategy: EZCORP expands its footprint to approximately 1,500 stores across 16 countries by acquiring Founders One's 105-store chain, capitalizing on strong demand for short-term loans during economic downturns, which is expected to enhance market share further.
- Gold Price Impact: The stock of EZCORP has surged about 150% over the past year, primarily driven by gold prices soaring above $5,000 per ounce, with management noting that its scrap margin increased from 22% to 38%, indicating a direct correlation between gold price fluctuations and profitability.
- Carriage Services' Steady Demand: Carriage Services has entered the Tennessee market through acquisitions and secured a $60 million credit facility, and despite significant debt, its growth potential in a non-cyclical demand environment makes it an ideal candidate for defensive investment.
- York Water's Long-term Stability: York Water has paid dividends every year since 1816 and recently raised approximately $48 million through a stock offering for capital projects, and while it faces regulatory caps and interest rate sensitivity, its revenue stability remains attractive amid economic uncertainty.
See More
Carriage Services Stock Enters Oversold Territory
- Oversold Indicator Analysis: Carriage Services, Inc. has a Relative Strength Index (RSI) of 29.3, falling below the oversold threshold of 30, indicating that the recent stock price decline may be nearing exhaustion, thus providing potential buying opportunities for investors.
- Dividend Yield Opportunity: Based on the current share price of $38.63, CSV's annualized dividend of $0.45 translates to a yield of 1.16%, allowing dividend investors to capture higher returns in an oversold condition.
- Market Comparison Analysis: Compared to the average RSI of 49.3 for other dividend stocks, CSV's oversold status may attract yield-seeking investors, especially amid increasing market volatility.
- Importance of Dividend History: While dividend predictability is limited, analyzing CSV's dividend history can assist investors in assessing the likelihood of future dividend sustainability, enabling more informed investment decisions.
See More
Carriage Services Acquires McCammon Ammons Click Funeral Home
- Acquisition Announcement: Carriage Services has announced the acquisition of substantially all assets of McCammon Ammons Click Funeral Home in Maryville, Tennessee, which will further expand its market share in the state.
- Market Entry: By entering the Greater Knoxville market with McCammon Ammons Click, a premier business with a 120-year history, Carriage Services enhances its competitive position in the region.
- Legacy and Development: The McCammon Ammons Click team expressed the desire to find a partner that would protect and build upon their century-old legacy, with Carriage Services being viewed as the ideal choice, reflecting its commitment to the community.
- Business Expansion: Carriage Services currently operates 155 funeral homes across 24 states and 28 cemeteries in 9 states, and this acquisition will further solidify its position as a leading funeral service provider in the United States.
See More
Carriage Services Q1 2026 Earnings Call Insights
- Revenue Performance: Carriage Services reported Q1 revenue of $106.1 million, down 0.9% year-over-year, primarily due to a 5.8% decline in funeral home admit volume, although the actual decline was only 2.3% when combining Q4 2025 and Q1 2026, demonstrating the company's resilience in adversity.
- Profitability: Adjusted consolidated EBITDA reached $33.8 million with a 31.8% margin, and despite a $2.4 million decline in comparable funeral EBITDA due to lower volume, the company maintained its margin through improved cemetery operations and premium funeral sales.
- Capital Market Tool: CFO John Enwright announced the establishment of an at-the-market equity offering program (ATM) aimed at providing flexible funding support for acquisitions while ensuring leverage remains within the targeted range of 3.5x to 4x, enhancing the company's capital markets toolkit.
- 2026 Outlook: Management maintained its full-year 2026 targets, projecting revenue between $440 million and $450 million and adjusted EBITDA of $135 million to $140 million, reflecting confidence in future growth despite not incorporating the ATM program into the outlook.
See More
Carriage Services Q1 Financial Highlights
- Earnings Performance: Carriage Services reported a Q1 non-GAAP EPS of $0.86, indicating stable profitability despite a revenue decline, which lays a solid foundation for future growth.
- Revenue Growth Drivers: The company achieved Q1 revenue of $106.1 million, a 15.7% increase year-over-year, primarily driven by an 8.0% rise in insurance-funded preneed funeral contracts sold, enhancing general agency commission revenue and strengthening market competitiveness.
- Operating Income Decline: Operating income fell by $6.3 million, largely due to a prior year gain of $7.8 million from divestitures and real property sales, reflecting challenges in asset management for the company.
- EBITDA Improvement: Adjusted consolidated EBITDA grew by 2.4%, or $0.8 million, demonstrating improved profitability despite lower quarterly revenue compared to the previous year, indicating that the company's operational optimization strategies are taking effect.
See More
