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Carriage Services CEO Quezada Sells 4,250 Shares at $47.35 Per Share
ByAinvest
Tuesday, Aug 12, 2025 5:55 pm ET1min read
Carriage Services Inc. (CSV) has announced that its Chief Executive Officer, Carlos R. Quezada, has disposed of 4250 shares at a price of $47.35 per share on August 7, 2025.
Title: Carriage Services Inc. CEO Carlos R. Quezada Sells 4,250 SharesCarriage Services Inc. (CSV) has announced that its Chief Executive Officer, Carlos R. Quezada, sold 4,250 shares of the company's common stock on August 7, 2025. The transaction was executed at a weighted average price of $47.35 per share, totaling $201,237 [1].
Following the sale, Quezada directly owns 98,333 shares of Carriage Services. The sale was part of an automatic Rule 10b5-1(c) Plan established on December 27, 2024, indicating that the timing of the sale was predetermined and not under Quezada's discretion [1].
This news comes as Carriage Services reported strong financial results for the second quarter ended June 30, 2025. The company reported a GAAP net income growth of $5.5 million, or 85.7%, over the prior year quarter. GAAP diluted EPS grew to $0.74, up from $0.40 in the prior year quarter, reflecting an 85.0% increase. Total consolidated revenue for the six months ended June 30, 2025, grew by $3.4 million, driven by a $4.4 million increase in consolidated funeral revenue, which was partially offset by a decline in consolidated cemetery revenue of $1.0 million [2].
The company also announced plans to acquire strategic businesses that generated revenue in excess of $15 million last year, with closings scheduled for later this quarter. This move is expected to further boost the company's revenue and shareholder value. The leverage ratio was reduced to 4.2x from 4.6x at the same period last year, as the company paid down $7.1 million of debt on its credit facility during the second quarter [2].
Despite the CEO's share sale, Carriage Services remains focused on its long-term strategy of adding shareholder value through high-quality acquisitions. The company's financial performance and strategic initiatives suggest a positive outlook for the remainder of the year.
References
[1] https://www.tradingview.com/news/tradingview:e851ec7ec86cb:0-carriage-services-ceo-carlos-r-quezada-sells-4-250-shares/
[2] https://investors.carriageservices.com/news-releases/news-release-details/carriage-services-announces-second-quarter-2025-results
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