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Carriage Services president sells $74,137 in stock

Published 11/06/2025, 21:46
Carriage Services president sells $74,137 in stock
CSV
-0.39%

In a recent transaction disclosed in a Form 4 filing, Steven D. Metzger, President of Carriage Services Inc . (NYSE:CSV), sold 1,653 shares of common stock. The company’s stock has shown remarkable strength, delivering a 65% return over the past year and currently trading near its 52-week high of $46.15. The shares were sold at a weighted average price of $44.85, totaling approximately $74,137. This transaction was executed on June 9, 2025, under a pre-arranged 10b5-1 trading plan, meaning Metzger had no discretion over the timing of the sale. Following this transaction, Metzger retains direct ownership of 74,244 shares of Carriage Services. With a market capitalization of $698 million and a P/E ratio of 14.5, InvestingPro analysis suggests the stock is slightly overvalued at current levels. Discover more insights and 10+ additional ProTips about CSV with an InvestingPro subscription.

In other recent news, Carriage Services Inc. reported its first-quarter 2025 earnings, exceeding earnings per share (EPS) expectations with a reported $0.96 against a forecast of $0.85, marking a 12.9% beat. However, the company’s revenue fell short, coming in at $107.1 million compared to the anticipated $110.61 million. Despite the earnings beat, the company experienced a decline in Adjusted Consolidated EBITDA by 1.9%. Carriage Services maintained its full-year guidance, projecting revenue between $400 million and $410 million and an Adjusted Diluted EPS of $3.1 to $3.3. The company has expressed plans for strategic divestitures and potential acquisitions in the coming quarters. Analyst discussions during the earnings call highlighted questions about vaccine fatigue and recession resilience, with the company noting strong performance in April. The company has also been focusing on strategic initiatives, including cemetery development projects and supply chain improvements.

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