Carriage Services ends $100 million program. Carriage Services stock has USD 495.0 million value

Carriage Services announced on September 30, 2026 that it will terminate its USD 100.0 million at-the-market offering program effective October 4, while its market capitalization stood at USD 495.0 million on October 1, 2026. StockTitan reported the framework alongside Carriage Services' revised leverage objective.

Capital allocation takes a sharper turn

The company is pairing the offering termination with a new capital allocation framework centered on existing-business investment, debt reduction, selective acquisitions and share repurchases. The targeted leverage range moves from 3.5x-4.0x to 3.0x-3.5x, a concrete shift toward a lower debt burden.

Carriage Services also entered a USD 300.0 million senior secured revolving credit facility, replacing its prior USD 250.0 million facility and adding USD 50.0 million of committed borrowing capacity. According to Investing.com on October 1, 2026, the new facility matures on September 30, 2031, subject to a springing-maturity provision linked to the company's senior notes.

Second-quarter figures set the baseline

For the second quarter of 2026, revenue was USD 102.9 million, GAAP net income was USD 12.3 million and diluted earnings per share were USD 0.77. StockTitan reported adjusted EBITDA of USD 33.3 million and an adjusted EBITDA margin of 32.3 percent for the same period.

Revenue for the first six months of 2026 reached USD 209.1 million, while net income was USD 25.8 million. The comparison is shaped by a USD 7.7 million gain from divestitures and real estate sales in the prior-year period, which makes the earnings trend less favorable than the quarterly revenue figure alone suggests.

Analysts keep a higher valuation marker

MarketBeat listed a consensus Hold rating and an average price target of USD 51.00 on September 30, 2026, based on three buy ratings, one hold rating and one sell rating. That target is a separate US-dollar reference and does not replace the NYSE quotation or the euro perspective used for this article.

Stock market value and listing

Carriage Services had a market capitalization of USD 495.0 million on October 1, 2026. The company is listed on the NYSE under ticker CSV and operates funeral homes and cemeteries through its Funeral Home Operations and Cemetery Operations segments.