Carriage Services (CSV) Shares Skyrocket, What You Need To Know

What Happened?

Shares of funeral services company Carriage Services (NYSE:CSV) jumped 6% in the morning session after Raymond James initiated coverage on the company with an "Outperform" rating and a $60 price target. 

The new rating from the analyst firm indicated a belief that the stock would perform well. The $60 price target suggested significant potential for growth from where the stock previously traded. The firm viewed Carriage Services as a turnaround opportunity under new management, with profit growth expected to pick up pace. Analysts also noted that the funeral service provider's stock was trading at a lower value compared to its larger competitor, suggesting this gap could narrow if the company delivered consistent quarterly results.

Is now the time to buy Carriage Services? Access our full analysis report here, it’s free.

What Is The Market Telling Us

Carriage Services’s shares are not very volatile and have only had 1 move greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

The previous big move we wrote about was 14 days ago when the stock gained 4.2% on the news that the company announced the acquisition of Faith Chapel Funeral Homes & Crematory, expanding its presence in Pensacola, Florida. 

The deal included two funeral homes and a crematory, assets from what was described as the premier funeral home in the market. This purchase marked Carriage's strategic entry into Pensacola, adding a business that served approximately 700 families annually. Executives stated the acquisition aligned with the company's focus on partnering with high-quality businesses in growing markets. The move was presented as part of Carriage's strategy to accelerate growth and create long-term value, moving closer to its 2030 Vision.

Carriage Services is up 20.7% since the beginning of the year, and at $47.11 per share, it is trading close to its 52-week high of $48.29 from August 2025. Investors who bought $1,000 worth of Carriage Services’s shares 5 years ago would now be looking at an investment worth $2,005.

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.