Carriage Services Raises Price Target to $65.00, Analyst Boosts Rating to 'Buy'

B. Riley Securities analyst Liam Burke raised the price target for Carriage Services (CSV) to $65.00, a 25% increase, while maintaining a "Buy" rating. This follows positive analyst observations and adjustments from other firms, indicating strong confidence in the company's performance. The average target price for CSV is $59.00, with a high estimate of $65.00 and a low estimate of $55.00, suggesting a potential upside of 23.04% from the current price. The average brokerage recommendation is 1.5, indicating a "Buy" status.

Title: Analysts Raise Targets for Carriage Services, Inc. (CSV)

Carriage Services, Inc. (CSV) has received a significant boost in analyst confidence, with B. Riley Securities analyst Liam Burke increasing the price target for the company to $65.00, a 25% increase from the previous target [1]. This upward adjustment comes on the heels of positive observations and target adjustments from other firms, indicating strong confidence in the company's performance.

The average target price for CSV is now $59.00, with a high estimate of $65.00 and a low estimate of $55.00, suggesting a potential upside of 23.04% from the current price. The average brokerage recommendation is 1.5, indicating a "Buy" status, further underscoring the bullish sentiment among analysts [1].

During the second quarter of 2025, CSV reported total revenue of $102.1 million, essentially flat year-over-year, with total Funeral operating revenue up 1.4% to $59.6 million and volume increasing 1.5% year-to-date [2]. The company is expected to close several acquisitions in the third quarter, which are anticipated to add more than $15 million in annual revenue. These acquisitions, along with new product initiatives in earned and casket core lines, are anticipated to drive meaningful margin expansion.

The company's CEO, Carlos R. Quezada, expressed confidence in continuing organic volume growth at a rate of 50 to 100 basis points for the remainder of 2025, targeting a return to a normalized volume rate of 1% to 2% in 2026 [2]. The company's CFO, John Enwright, reported strong second-quarter results, with a 17.5% increase in adjusted EPS and adjusted consolidated EBITDA between $129 million to $134 million [2].

The outlook for the remainder of 2025 includes revenues in the range of $410 million to $420 million, adjusted consolidated EBITDA between $129 million to $134 million, adjusted diluted EPS of $3.15 to $3.35, overhead expenses ranging from 13% to 13.5%, and adjusted free cash flow between $40 million and $50 million [2].

Despite the positive outlook, the company faces challenges such as inflationary increases and unrecognized revenue from land under development, which have put pressure on field EBITDA margins [2].

Overall, the upward revision in the price target by B. Riley Securities, along with the positive outlook from other analysts, suggests that investors may find CSV an attractive opportunity with potential upside in the coming quarters.

References:
[1] https://www.marketbeat.com/instant-alerts/q3-earnings-estimate-for-on-semiconductor-issued-by-b-riley-2025-08-06/
[2] https://seekingalpha.com/news/4481681-carriage-services-outlines-410m-420m-2025-revenue-target-as-company-accelerates-acquisitions