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Carriage Services (CSV)

Founded in 1991, Carriage Services has become a funeral market leader that is currently operating 230+ funeral homes and cemeteries nationwide. The team spans 2000+ team members composed of local people serving their communities at the highest level of service. This is an organization that aims to work with the best funeral homes and cemeteries in the country.

Company profile

Ticker
CSV
Exchange
CEO
Melvin C. Payne
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Carriage Funeral Holdings, Inc. • CFS Funeral Services, Inc. • Carriage Holding Company, Inc. • Carriage Funeral Services of Michigan, Inc. • Carriage Funeral Services of Kentucky, Inc. • Carriage Funeral Services of California, Inc. • Carriage Cemetery Services of Idaho, Inc. • Carriage Services of Connecticut, Inc. • CSI Funeral Services of Massachusetts, Inc. • CHC Insurance Agency of Ohio, Inc. ...
IRS number
760423828

CSV stock data

Analyst ratings and price targets

Last 3 months

Calendar

2 Aug 22
16 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.06M 1.06M 1.06M 1.06M 1.06M 1.06M
Cash burn (monthly) (no burn) 36.25K (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 56.91K n/a n/a n/a n/a
Cash remaining n/a 1M n/a n/a n/a n/a
Runway (months of cash) n/a 27.6 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Aug 22 Steven D Metzger Common Stock Buy Acquire P No No 37.65 1,000 37.65K 8,796
5 Aug 22 Shawn R Phillips Common Stock Buy Acquire P No No 34.315 1,150 39.46K 106,019
5 Aug 22 Peggy Schappaugh Common Stock Buy Acquire P No No 36.68 700 25.68K 20,501
4 Aug 22 Carlos R. Quezada Common Stock Buy Acquire P No No 36.33 1,500 54.5K 8,634
30 Jun 22 Achille Messac Common Stock Grant Acquire A No No 39.65 913 36.2K 8,990
63.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 155 159 -2.5%
Opened positions 16 35 -54.3%
Closed positions 20 9 +122.2%
Increased positions 40 32 +25.0%
Reduced positions 69 66 +4.5%
13F shares Current Prev Q Change
Total value 617.71M 1.16B -46.6%
Total shares 11.58M 12.01M -3.5%
Total puts 0 64.2K EXIT
Total calls 197.5K 264.2K -25.2%
Total put/call ratio 0.2
Largest owners Shares Value Change
Dimensional Fund Advisors 1.21M $64.65M -2.7%
AMP Ameriprise Financial 1.16M $61.69M +9.9%
BLK Blackrock 1.1M $58.64M -3.8%
Vanguard 946.96K $50.5M +6.8%
Global Alpha Capital Management 946.91K $50.5M +6.0%
Renaissance Technologies 830.5K $44.29M -5.7%
STT State Street 402.03K $21.44M -0.8%
Arrowstreet Capital, Limited Partnership 307.88K $16.42M -11.4%
Fenimore Asset Management 280.6K $14.97M -0.2%
Geode Capital Management 278.61K $14.86M +4.7%
Largest transactions Shares Bought/sold Change
Mill Road Capital Management 162.88K -154.56K -48.7%
FMR 222 -123.87K -99.8%
Kennedy Capital Management 176.2K -110.32K -38.5%
DB Deutsche Bank AG - Registered Shares 122.01K +106.24K +673.8%
AMP Ameriprise Financial 1.16M +104.69K +9.9%
MS Morgan Stanley 101.9K +69.87K +218.2%
EAM Investors 0 -68.46K EXIT
Nuveen Asset Management 148.16K -68.33K -31.6%
Vanguard 946.96K +60.53K +6.8%
LSV Asset Management 97.38K -60.02K -38.1%

Financial report summary

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Competition
StoneMorStoneMor
Risks
  • We may be adversely affected by the effects of inflation.
Management Discussion
  • The term “same store” refers to funeral homes and cemeteries acquired prior to January 1, 2018 and owned and operated for the entirety of each period being presented, excluding certain funeral home and cemetery businesses that we intend to divest in the near future.
  • The term “acquired” refers to funeral homes and cemeteries purchased after December 31, 2017, excluding any funeral home and cemetery businesses that we intend to divest in the near future. This classification of acquisitions has been important to management and investors in monitoring the results of these businesses and to gauge the leveraging performance contribution that a selective acquisition program can have on total company performance.
  • The term “divested” when discussed in the Funeral Home Segment, refers to two funeral homes we sold and one funeral home we merged with another business in an existing market in the first six months of 2022 and three funeral homes we sold in the first six months of 2021. The term “divested” when discussed in the Cemetery Segment, refers to one cemetery we sold during 2021.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: beneficial, Bloomberg, broader, BSBY, discretionary, factor, felt, Franch, grid, inflation, inflationary, joined, labor, largely, light, magnitude, manufacturing, marketplace, modest, raw, recruitment, Rob, shipping, structure, twelve, weakening, wide
Removed: comprising, conform, scenario, slightly, statutory, surrendered, uncertainty, updated, withheld