Carriage Services (CSV) Soars 1.80% on Strong Q1 Earnings

Carriage Services (CSV) shares surged 1.80% today, marking the sixth consecutive day of gains, with a total increase of 6.33% over the past six days. The stock price reached its highest level since February 2025, with an intraday gain of 2.21%.

The strategy of buying CSV shares after they reach a recent high and holding for 1 week yielded moderate returns over the past 5 years. The annualized return was 17.95%, slightly underperforming the market by 3.2 percentage points. With a final value of $2,487.10 for a $1000 investment, the strategy showed the impact of compounded returns over 5 years, highlighting the importance of timing and holding periods in achieving investment goals.

Carriage Services reported strong Q1 earnings, which had a positive impact on its stock price. The company achieved revenues of $107.1 million, marking a 3.5% increase compared to the previous year and surpassing analysts' expectations by 2.8%. Additionally, the adjusted diluted EPS for the first quarter was $0.96 per share, which is a 28% increase from the prior year and exceeded the consensus estimate of $0.80 by $0.16. Carriage Services also demonstrated a return on equity of 23.52%. These financial results are likely contributing factors to the positive movement in Carriage Services' stock price.