CARRIAGE SERVICES INC: insider trades · United States · SEC (Form 4)

About CARRIAGE SERVICES INC

Carriage Services Inc. (NYSE: CSV) is a U.S.-listed provider of funeral and cemetery services and merchandise, trading on the New York Stock Exchange in the United States. Headquartered in Houston, Texas, the company has built its business through a long-running consolidation strategy in a highly fragmented deathcare market. Founded in 1991 and incorporated in Delaware in December 1993, Carriage has evolved into a national platform serving families through funeral homes and cemeteries across the country. ([investors.carriageservices.com](https://investors.carriageservices.com/investor-relations?utm_source=openai)) The company’s core business is organized around two operating pillars: funeral homes and cemeteries. Its services include funeral arrangements, burial and cremation services, memorialization, and merchandise sales, alongside preneed contracts for funeral services and cemetery interment rights. This preneed component is strategically important because it supports advance sales, improves revenue visibility, and deepens customer relationships over time. Management consistently describes Carriage as a leading consolidator in U.S. deathcare, using acquisitions and operational discipline to strengthen its footprint. ([investors.carriageservices.com](https://investors.carriageservices.com/investor-relations?utm_source=openai)) From a competitive perspective, Carriage operates in a local-service industry where reputation, community ties, and operational consistency matter. The market remains fragmented, with many independent operators, which creates room for consolidation and margin improvement. Carriage’s strategy has focused on acquiring well-positioned funeral homes and cemeteries, integrating them into a decentralized operating model, and improving pricing, customer experience, and preneed sales. That approach gives the company both defensive characteristics and a platform for long-term expansion. ([investors.carriageservices.com](https://investors.carriageservices.com/investor-relations?utm_source=openai)) Geographically, Carriage Services has a broad U.S. presence rather than a single concentrated regional base. As of December 31, 2025, the company operated 155 funeral homes in 24 states and 28 cemeteries in 9 states, underscoring its scale and diversification across the United States. Its headquarters remain in Houston, and recent acquisition activity has strengthened its exposure in Florida, including the Orlando and Pensacola markets. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1016281/000101628126000021/csv-20251231.htm?utm_source=openai)) Recent developments point to improving operating momentum. In 2025, Carriage announced several strategic acquisitions and a partnership with Express Funeral Funding to broaden its product offering. Its February 2026 full-year 2025 results showed revenue growth, stronger EPS, and guidance for 2026 that implies continued expansion and cash generation. For international investors, CSV is best viewed as a defensive U.S. service company with recurring and prearranged revenue streams, a fragmented end market, and a disciplined M&A-led growth strategy on the NYSE in the United States. ([investors.carriageservices.com](https://investors.carriageservices.com/news-releases/news-release-details/carriage-services-announces-strong-fourth-quarter-and-full-year?utm_source=openai))