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CSV Stock Risk & Deep Value Analysis

Carriage Services Inc

Consumer Cyclical • Personal Services

DVR Score

1.2

out of 10

Distressed

What You Need to Know About CSV Stock

We analyzed Carriage Services Inc using our deep value framework. Sign in to see our full verdict and DVR Score.

We ran CSV through our deep value framework — analyzing financial health, distress signals, competitive moat, and risk factors. Our risk assessment: Moderate. Here's what we found.

Updated Mar 20, 2026Run Fresh Analysis →

CSV Risk Analysis & Red Flags

Risk Matrix

Overall

Moderate

Financial

Medium

Market

Low

Competitive

Low

Execution

Medium

Regulatory

Low

Upcoming Risk Events

  • 📅

    Rising interest rates increasing debt servicing costs and acquisition funding

  • 📅

    Economic downturn impacting pre-need sales and discretionary funeral spending

  • 📅

    Increased cremation rates accelerating faster than adaptation strategies

  • 📅

    Litigation risks or negative publicity impacting local reputation

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What Does Carriage Services Inc (CSV) Do?

Market Cap

$661.77M

Sector

Consumer Cyclical

Industry

Personal Services

Employees

1,200

Carriage Services, Inc. provides funeral and cemetery services, and merchandise in the United States. It operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; cremation services; and related funeral merchandise, as well as engages in the sale of caskets and urns. The Cemetery Operations segment sells interment rights for grave sites, lawn crypts, mausoleum spaces, and niches; related cemetery merchandise, including memorial markers, outer burial containers, and monuments; and interments, inurnments, and installation of cemetery merchandise services. Carriage Services, Inc. was founded in 1991 and is based in Houston, Texas.

Visit Carriage Services Inc Website

Investment Thesis

Carriage Services offers a stable, recession-resistant investment opportunity within the essential deathcare industry, supported by favorable long-term demographic trends, disciplined M&A, and consistent free cash flow generation. It is a value-oriented play for income and stability, rather than exponential growth.

Is CSV Stock Undervalued?

Carriage Services operates in the mature and highly fragmented deathcare industry, characterized by stable but incremental growth driven by demographics and disciplined acquisitions. Since the last analysis 8 days ago, there have been no material changes in company fundamentals, market conditions, strategic announcements, or leadership that would alter its fundamental profile for 10x growth potential. The business model, intrinsically tied to physical assets and predictable demographic trends, lacks the disruptive innovation, hyper-scalability, or expansive new market opportunities required for exponential returns within 3-5 years. The company remains a 'dud' for high-growth investors, consistent with prior assessments, as it offers stability and income rather than multi-bagger upside.

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CSV Price Targets & Strategy

12-Month Target

$47.00

Bull Case

$55.00

Bear Case

$38.00

Entry Strategy

Dollar-cost average on dips below $40.00, or establish a position at current levels if seeking income and long-term stability. Not suitable for aggressive growth investors.

Exit Strategy

Take profit on significant rallies above $50.00, particularly if debt concerns arise or acquisition pipeline weakens. Consider a stop loss around $37.00 to protect against major market downturns or operational missteps.

Portfolio Allocation

1-3% for conservative portfolios; not recommended for moderate or aggressive growth portfolios seeking 10x returns.

Price Targets & Strategy

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Is CSV Financially Healthy?

Valuation

P/E Ratio

13.60

Price/Book

2.73

Other

Dividend Yield

106.00%

Does CSV Have a Competitive Moat?

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Moat Rating

🛡️ Narrow

Moat Trend

Stable

Moat Sources

3 Identified

Efficient ScaleBrand PowerSwitching Costs

The moat persists due to the local and personal nature of deathcare services, regulatory barriers to entry, and the high emotional and financial switching costs associated with established family preferences and pre-need arrangements. It's stable but not expanding significantly.

Moat Erosion Risks

  • Accelerating shift from traditional burials to lower-cost cremations
  • Aggressive pricing by local independent funeral homes
  • Erosion of local brand loyalty through negative reviews or service issues

CSV Competitive Moat Analysis

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CSV Market Intelligence

Sentiment & Insider Activity

Social Sentiment

Neutral

Institutional Sentiment

Neutral-Positive

Insider Activity (Form 4)

No significant trends observed recently; likely opportunistic small buys/sells.

Options Flow

Low volume, not indicating significant institutional directional bets.

Earnings Intelligence

Next Earnings

Estimated mid-May 2026

Surprise Probability

Medium

Historical Earnings Pattern

Typically experiences modest stock price movements (±2-5%) on earnings reports unless there are significant changes to guidance or material acquisition announcements. Tends to be less volatile than growth stocks.

Key Metrics to Watch

Same-store revenue growth (funeral and cemetery)Adjusted EBITDA and EBITDA marginsFree cash flow generation and allocationNet leverage ratio and debt repayment progress

Competitive Position

Top Competitor

SCI

Market Share Trend

Stable to incrementally gaining through strategic acquisitions in fragmented local markets.

Valuation vs Peers

Generally trades at a comparable or slight discount to larger peers like Service Corporation International (SCI) on P/E and EV/EBITDA, reflecting its smaller scale and regional focus.

Competitive Advantages

  • Strong local brand recognition and community ties in acquired markets
  • Efficient scale and cost advantages in regional clusters of operations
  • High switching costs for pre-need cemetery sales and established family relationships

Market Intelligence

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What Could Drive CSV Stock Higher?

Near-Term (0-6 months)

  • Q1 2026 Earnings Report (Estimated mid-May 2026)
  • Announcement of new strategic acquisitions or divestitures
  • Dividend policy updates

Medium-Term (6-18 months)

  • Successful integration and synergy realization from recent acquisitions
  • Continued operational efficiency improvements leading to margin expansion
  • Reduction in net leverage post-acquisitions

Long-Term (18+ months)

  • Demographic tailwinds from an aging population in key markets
  • Further industry consolidation and market share gains through M&A
  • Consistent free cash flow generation for shareholder returns

Catalysts & Growth Drivers

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What's the Bull Case for CSV?

  • Sustained organic revenue growth above industry average

  • Improvement in adjusted EBITDA margins and free cash flow conversion

  • Responsible management of debt levels and successful integration of new acquisitions

Bull Case Analysis

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Competing with CSV

See how Carriage Services Inc compares to related companies

CompanyMarket CapDVR ScoreP/ERevenueProfit MarginRev Growth

Carriage Services Inc

CSV

$661.8M1.213.6

Amazon.com Inc

AMZN

1.8Compare →

Home Depot Inc

HD

0.5Compare →

Service Corporation International

SCI

0.5Compare →

Tesla Inc

TSLA

$1.1T4.0152.0$91.0B3.4%-3.2%Compare →

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FAQ

What is the DVR Score for Carriage Services Inc (CSV)?

As of March 20, 2026, Carriage Services Inc has a DVR Score of 1.2 out of 10, placing it in the "Distressed" category. This score is generated by our AI-powered deep value analysis framework that evaluates growth potential, financial health, competitive moat, and risk factors.

What is the market capitalization of Carriage Services Inc?

Carriage Services Inc's market capitalization is approximately $661.8M. The company operates in the Consumer Cyclical sector within the Personal Services industry.

What ticker symbol does Carriage Services Inc use?

CSV is the ticker symbol for Carriage Services Inc. The company trades on the NYQ.

What is the risk level for CSV stock?

Our analysis rates Carriage Services Inc's overall risk as Moderate. This assessment considers execution risk, market risk, financial risk, competitive risk, and regulatory risk. For a full breakdown, see the risk analysis section above.

What is the P/E ratio of CSV?

Carriage Services Inc currently has a price-to-earnings (P/E) ratio of 13.6. This is below the market average, which could indicate the stock is undervalued or facing headwinds.

Does Carriage Services Inc pay a dividend?

Yes, Carriage Services Inc pays a dividend with a current yield of approximately 106.00%.

How often is the CSV DVR analysis updated?

Our AI-powered analysis of Carriage Services Inc is refreshed regularly to incorporate the latest financial data, market conditions, and news. The most recent update was on March 20, 2026.

Important Disclaimer – Not Financial Advice

Deep Value Reports is an independent research platform for educational and informational purposes only. We are not financial advisors, investment advisors, or licensed professionals. The analysis, scores, and information provided on this page for CSV (Carriage Services Inc) should not be construed as personalized investment advice, a recommendation to buy or sell any security, or an offer to provide investment advisory services.

All investments involve risk, including the potential loss of principal. Past performance does not guarantee future results. Always conduct your own research, consider your financial situation, and consult with a qualified financial advisor before making any investment decisions.

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