Carriage Services Q2 Revenue Misses, CEO and COO Adopt 10b5-1 Plans
CSV is trading near its 52-week low of $35.75 (3.5% above the low) on elevated volume (3.2× avg).
Summary
Carriage Services missed Q2 revenue and EPS estimates, with net income down 21% for the first half. The CEO and COO adopted 10b5-1 plans to sell up to 256,503 shares starting August 2026, while the $100M ATM program remains untapped.
Key Events · Earnings and Guidance · CSV
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Q2 Revenue and EPS Miss
Revenue of $102.9M missed consensus by $6M; adjusted EPS of $0.78 vs. $0.82 expected. Funeral contract volume fell 4%, preneed interment rights sold dropped 14%.
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H1 Net Income Down 21%
Net income for the six months ended June 30, 2026 was $25.8M, down from $32.7M a year ago, primarily due to the absence of a $7.7M gain on divestitures in the prior year.
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CEO and COO Adopt 10b5-1 Plans
CEO Carlos Quezada and COO Steven Metzger each adopted Rule 10b5-1 trading plans in May 2026, authorizing potential sales of up to 146,413 and 110,090 shares, respectively, beginning in August 2026.
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$100M ATM Program Unused
The at-the-market equity offering program announced in May 2026 remains fully available; no shares have been sold, representing a potential dilution overhang.
Analysis · CSV · Trade & Services
Carriage Services reported Q2 revenue of $102.9 million, missing consensus by $6 million, and adjusted EPS of $0.78 versus $0.82 expected. The miss was driven by a 4% decline in funeral contract volume and a 14% drop in preneed interment rights sold, partially offset by higher average revenue per contract. Net income for the first half fell 21% year-over-year to $25.8 million, largely because the prior year included a $7.7 million gain on divestitures. Against this backdrop, the CEO and COO each adopted 10b5-1 trading plans in May 2026, authorizing potential sales of up to 256,503 shares combined beginning in August 2026. The company also disclosed that its $100 million at-the-market equity program remains unused, leaving a potential dilution overhang. The stock is trading near its 52-week low, amplifying the negative signal from the earnings miss and insider selling plans.
At the time of this filing, CSV was trading at $37.00 on NYSE in the Trade & Services sector, with a market capitalization of approximately $587.3M. The 52-week trading range was $35.75 to $52.10. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.