Fannie Mae, Freddie Mac shares tumble after conservatorship comments
Carriage Services Inc . (NYSE:CSV) CEO Carlos Quezada recently executed a sale of company stock, according to a Form 4 filing with the Securities and Exchange Commission. On April 23, 2025, Quezada sold 1,363 shares of Carriage Services’ common stock at a weighted average price of $40.12 per share, totaling approximately $54,683. This transaction was conducted automatically under a pre-established Rule 10b5-1 trading plan. The sale comes as the stock shows strong momentum, with InvestingPro data indicating a 61% return over the past year and analyst price targets ranging from $48 to $55.
Following this sale, Quezada holds 110,077 shares of Carriage Services’ common stock. Additionally, he acquired 20,731 shares through a performance-based award on March 7, 2025, under the company’s 2017 Omnibus Incentive Plan. The award is contingent upon meeting certain performance metrics related to the company’s adjusted EBITDA by March 31, 2028. According to InvestingPro, the company’s current EBITDA stands at $107.4 million, with earnings results due in 4 days. Subscribers can access detailed financial health scores and 6 additional ProTips in the comprehensive Pro Research Report.
In other recent news, Carriage Services reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share of $0.62, higher than the projected $0.55. The company generated $97.7 million in revenue, slightly above the forecast of $97.09 million, despite a 1.1% year-over-year decline in revenue. S&P Global Ratings upgraded Carriage Services’ outlook to positive from stable, citing improved credit metrics and a reduced debt load by $42 million in 2024. The firm highlighted Carriage Services’ robust performance in its preneed cemetery segment and its efforts to manage funeral volume challenges through strategic pricing. Additionally, Carriage Services declared a quarterly dividend of 11.25 cents per share, reflecting its commitment to rewarding shareholders. The company has also expressed interest in mergers and acquisitions for 2025, which could impact its long-term leverage. S&P Global Ratings noted that maintaining leverage in the mid-4x range is crucial for a potential rating upgrade.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.