Carriage Servs Stock (NYSE:CSV), Trade Ideas

Carriage Servs

Carriage Services Inc is a provider of funeral and cemetery services and merchandise in the United States. It operates in two business segments: The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services. The Cemetery Operations segment provides services, such as mausoleum crypts, private estates, lawn crypt gardens, traditional single burial gravesites, and burial vaults. The majority of revenue is derived from The Funeral Home Operations segment.

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Although U.S. stocks closed mixed on Monday, there were a few notable insider trades.

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Carriage Services Inc (NYSE: CSV) shares surged after its Board of Directors initiated a process to 

Why Carriage Services Shares Are Soaring Today

Carriage Services Inc

Barrington Research analyst Alexander Paris maintains Carriage Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSV#NYSE">CSV</a>) with a Outperform and maintains $38 price target.

Price Target

Analyst Ratings

Barrington Research Maintains Outperform on Carriage Servs, Maintains $38 Price Target

Although U.S. stocks closed mixed on Monday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Carriage Services </h3>
<ul>
<li>The Trade: Carriage Services, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/csv#NYSE">CSV</a>) Director Charles Fargason <a href="https://www.benzinga.com/quote/CSV/analyst-ratings"> acquired a total of 5,000 shares </a> an average price of $26.10. To acquire these shares, it cost around $130,500.</li>
<li>What&rsquo;s Happening: On Feb. 21, Carriage Services posted upbeat quarterly earnings.</li>
<li>What Carriage Services Does: Carriage Services Inc is a provider of funeral and cemetery services and merchandise in the United States.</li>
</ul>
<h3>Keurig Dr Pepper </h3>
<ul>
<li>The Trade: Keurig Dr Pepper Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kdp#NASDAQ">KDP</a>) Chief R&amp;D Officer Karin Rotem-Wildeman acquired a total of 4,075 shares at an average price of $29.11. To acquire these shares, it cost around $118,623.</li>
<li>What&rsquo;s Happening: On Feb. 29, Keurig Dr Pepper priced upto 100 million common shares by JAB at $29.10/share.</li>
<li>What Keurig Dr Pepper Does: Keurig Dr Pepper was established in 2018 following a merger between Keurig Green Mountain Coffee and Dr Pepper Snapple.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Alteryx </h3>
<ul>
<li>The Trade: Alteryx, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ayx#NYSE">AYX</a>) CLO &amp; Corp. Secretary Christopher M Lal <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 9,156 shares </a> at an average price of $48.16. To acquire these shares, it cost around $440,953.</li>
<li>What&rsquo;s Happening: On Feb. 6, Alteryx posted better-than-expected quarterly results.</li>
<li>What Alteryx Does: Alteryx Inc is a software company that provides self-service data analytics software.</li>
</ul>
<h3>Hawthorn Bancshares </h3>
<ul>
<li>The Trade: Hawthorn Bancshares, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hwbk#NASDAQ">HWBK</a>) Director Douglas Todd Eden <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 5,000 shares </a> at an average price of $20.37. The insider spent around $101,857 to buy those shares.</li>
<li>What&rsquo;s Happening: On Jan. 30, Hawthorn Bancshares posted a loss for its fourth quarter.</li>
<li>What Hawthorn Bancshares Does: Hawthorn Bancshares Inc is a financial holding company. It conducts a general banking and trust business, offering its customers checking and savings accounts, internet banking, certificates of deposit, trust services, brokerage services, safety deposit boxes.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/24/03/37584146/top-5-risk-off-stocks-that-may-plunge-this-quarter"> Top 5 Risk Off Stocks That May Plunge This Quarter </a>

Barrington Research analyst Alexander Paris reiterates Carriage Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSV#NYSE">CSV</a>) with a Outperform and maintains $38 price target.

Reiteration

Barrington Research Reiterates Outperform on Carriage Servs, Maintains $38 Price Target

Carriage Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSV#NYSE">CSV</a>) reported quarterly earnings of $0.64 per share which beat the analyst consensus estimate of $0.49 by 30.61 percent. The company reported quarterly sales of $93.92 million which beat the analyst consensus estimate of $93.65 million by 0.28 percent. This is the same as the same period last year.

Earnings

Earnings Beats

Carriage Servs Q4 2023 Adj EPS $0.64 Beats $0.49 Estimate, Sales $93.92M Beat $93.65M Estimate

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Earnings Scheduled For February 21, 2024

Carriage Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSV#NYSE">CSV</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-02-21. Here's what investors need to know before the announcement.
Analysts estimate that Carriage Servs will report an earnings per share (EPS) of $0.49. 
Carriage Servs bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.17, which was followed by a 7.27% drop in the share price the next day.
Here's a look at Carriage Servs's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.50</td>
<td>0.52</td>
<td>0.51</td>
<td>0.53</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.33</td>
<td>0.53</td>
<td>0.56</td>
<td>0.64</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-7.27%</td>
<td>-2.05%</td>
<td>-5.21%</td>
<td>7.42%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708452061_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Carriage Servs were trading at $25.66 as of February 19. Over the last 52-week period, shares are down 23.99%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/CSV/earnings">To track all earnings releases for Carriage Servs visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Carriage Servs

REVISED 2023 OUTLOOK
<figure class="table"> 
<table>
<tbody>
<tr>
<td>Previous 2023 Outlook</td>
<td>Revised 2023 Outlook</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>(in millions except per share amounts)</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Total revenue</td>
<td>$375 - $385</td>
<td>$375 - $380</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Adjusted consolidated EBITDA</td>
<td>$110 - $115</td>
<td>$105 - $110</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Adjusted diluted EPS</td>
<td>$2.25 - $2.40</td>
<td>$1.90 - $2.00</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Adjusted free cash flow</td>
<td>$50 - $60</td>
<td>$50 - $60</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="5">The most comparable GAAP measures to the Non-GAAP measures presented in this table can be found in the Reconciliation of Non-GAAP Financial Measures section of this press release.&nbsp;&nbsp;</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

Guidance

Carriage Services Sees FY23 Revenue $375M-$385M Vs $383.62M Est

Carriage Services Q3 2023 Adj. EPS $0.47 Misses $0.50 Estimate, Revenue $87.5M Misses $93.18M Estimate

The Company does not intend to comment further unless and until there is an actionable matter that requires announcement.

Carriage Services Confirms Continuation Of Review Of Strategic Options

<h3>Gainers</h3>
<ul>
<li>Visionary Education Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEDU#NASDAQ">VEDU</a>) stock rose 44.2% to $0.21 during Tuesday's regular session. As of 13:30 EST, Visionary Education Tech's stock is trading at a volume of 3.9 million, which is 532.8% of its average full-day volume over the last 100 days. The company's market cap stands at $10.2 million. </li>
<li>Delta Apparel (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/DLA#AMEX">DLA</a>) shares increased by 30.65% to $8.61. The current volume of 305.9K shares is 592.4% of Delta Apparel's average full-day volume over the last 100 days (last updated at 13:30 EST). The company's market cap stands at $60.3 million. </li>
<li>Connexa Sports Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXA#NASDAQ">CNXA</a>) stock increased by 25.79% to $3.95. Connexa Sports Techs's stock is trading at a volume of 9.7 million shares as of 13:30 EST. This is 3096.1% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $2.3 million. </li>
<li>Esports Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMBL#NASDAQ">GMBL</a>) shares moved upwards by 12.72% to $0.11. Trading volume for Esports Entertainment's stock is 19.5 million as of 13:30 EST. This is 219.2% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $6.2 million. </li>
<li>Cheetah Net Supply Chain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNT#NASDAQ">CTNT</a>) shares rose 10.96% to $2.16. The market value of their outstanding shares is at $38.7 million. </li>
<li>17 Education &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YQ#NASDAQ">YQ</a>) shares moved upwards by 8.09% to $0.8. The market value of their outstanding shares is at $38.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Color Star Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADD#NASDAQ">ADD</a>) stock declined by 21.2% to $0.82 during Tuesday's regular session. The current volume of 208.7K shares is 225.7% of Color Star Tech's average full-day volume over the last 100 days (last updated at 13:30 EST). The company's market cap stands at $11.7 million. </li>
<li>Dixie Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXYN#NASDAQ">DXYN</a>) stock fell 14.0% to $0.56. Trading volume for this security as of 13:30 EST is 793.0K, which is 4082.3% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $8.7 million. </li>
<li>AYRO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AYRO#NASDAQ">AYRO</a>) shares declined by 12.25% to $1.97. As of 13:30 EST, AYRO's stock is trading at a volume of 75.3K, which is 273.9% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $9.2 million. </li>
<li>Alliance Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AENT#NASDAQ">AENT</a>) shares declined by 12.19% to $1.08. The company's market cap stands at $54.5 million. </li>
<li>Hovnanian Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOV#NYSE">HOV</a>) stock declined by 11.37% to $90.52. As of 13:30 EST, Hovnanian Enterprises's stock is trading at a volume of 75.5K, which is 132.0% of its average full-day volume over the last 100 days. The company's market cap stands at $551.6 million. </li>
<li>Carriage Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSV#NYSE">CSV</a>) shares declined by 11.29% to $24.69. Carriage Servs's stock is trading at a volume of 230.4K shares as of 13:30 EST. This is 304.7% of its average full-day volume over the last 100 days. The company's market cap stands at $369.5 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AENT

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12 Consumer Discretionary Stocks Moving In Tuesday's Intraday Session

Park Lawn does not intend to comment further on its withdrawal from Carriage&#39;s strategic review process or regarding the withdrawal of its offer unless it deems further disclosure is appropriate or required.

TSX:PLC

Park Lawn Withdraws Offer To Purchase Carriage Services

Carriage Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSV#NYSE">CSV</a>) reported quarterly earnings of $0.53 per share which beat the analyst consensus estimate of $0.52 by 1.92 percent. This is a 8.62 percent decrease over earnings of $0.58 per share from the same period last year. The company reported quarterly sales of $97.68 million which beat the analyst consensus estimate of $93.95 million by 3.97 percent. This is a 7.81 percent increase over sales of $90.60 million the same period last year.

Carriage Servs Q2 EPS $0.53 Beats $0.52 Estimate, Sales $97.68M Beat $93.95M Estimate

CORRECTION: Barrington Research analyst Alexander Paris reiterates Carriage Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSV#NYSE">CSV</a>) with a Outperform and maintains $45 price target, price target updated.

CORRECTION: Barrington Research Reiterates Outperform on Carriage Servs, Maintains $45 Price Target - Price Target Updated

Over the past 3 months, 4 analysts have published their opinion on Carriage Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSV#NYSE">CSV</a>) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
These 4 analysts have an average price target of $43.0 versus the current price of Carriage Servs at $34.03, implying upside.
Below is a summary of how these 4 analysts rated Carriage Servs over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock
<img src="https://www.benzinga.com/files/images/story/2023/1688061618_0.png" alt="price target chart" />
This current average represents a 4.44% decrease from the previous average price target of $45.00. 
<a href="https://www.benzinga.com/quote/CSV/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Carriage Servs analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h1>Analyst Ratings: What Are They?</h1>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations for Carriage Servs's Future

<h3>Gainers</h3>
<ul>
<li>Sigilon Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgtx#NASDAQ">SGTX</a>) shares climbed 523.8% to $24.25 after Eli Lilly agreed to acquire the company for $14.92/share in cash.</li>
<li>Eco Wave Power Global AB (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wave#NASDAQ">WAVE</a>) gained 47.4% to $2.30. Eco Wave Power Global announced plans for share repurchase program of up to 10% of total number of shares in the company.</li>
<li>Immunome, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/imnm#NASDAQ">IMNM</a>) shares climbed 37% to $8.10. Immunome and Morphimmune reported definitive merger agreement and simultaneous private placement investment of $125 million to develop targeted cancer therapies.</li>
<li>TOP Financial Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/top#NASDAQ">TOP</a>) gained 34.5% to $7.60.</li>
<li>Franklin Covey Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fc#NYSE">FC</a>) gained 25.2% to $44.72 following upbeat third-quarter results.</li>
<li>Carriage Services, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/csv#NYSE">CSV</a>) surged 24.4% to $34.89 after its Board of Directors initiated a process to explore potential strategic alternatives.</li>
<li>The Greenbrier Companies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gbx#NYSE">GBX</a>) gained 23.2% to $40.00 after the company reported better-than-expected third-quarter adjusted EPS and sales results and raised FY23 revenue guidance above estimates.</li>
<li>RenovoRx, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnxt#NASDAQ">RNXT</a>) rose 22.7% to $2.75 after the company released interim data on progression-free survival from Phase 3 study of RenovoGem for pancreatic cancer.</li>
<li>Fangdd Network Group Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/duo#NASDAQ">DUO</a>) shares climbed 20.7% to $0.9299 after dropping 11% on Wednesday. FangDD Network Group recently received Nasdaq notice regarding minimum bid price requirements.</li>
<li>FREYR Battery (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/frey#NYSE">FREY</a>) gained 20.2% to $9.07 after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and announced a $13 price target.</li>
<li>Kubient, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kbnt#NASDAQ">KBNT</a>) surged 19.5% to $0.5499.</li>
<li>Wallbox N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wbx#NYSE">WBX</a>) gained 18% to $3.48. Wallbox 13D filing showed Orilla Asset Management, S.L. increased stake in the company to 9.1%.</li>
<li>Shapeways Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shpw#NYSE">SHPW</a>) gained 17.5% to $3.47 after the company announced securing two new Tier 1 supplier contracts.</li>
<li>ZIVO Bioscience, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zivo#NASDAQ">ZIVO</a>) rose 17% to $2.7483 after declining over 3% on Wednesday.</li>
<li>Amyris, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amrs#NASDAQ">AMRS</a>) climbed 16.3% to $1.0350.</li>
<li>Companhia Brasileira De Distribuicao (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cbd#NYSE">CBD</a>) rose 15.7% to $3.7850.</li>
<li>Spire Global, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spir#NYSE">SPIR</a>) gained 15.5% to $0.52. Spire Global inked a pact with OroraTech to launch and operate an eight-satellite constellation dedicated to global temperature monitoring.</li>
<li>Arlo Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/arlo#NYSE">ARLO</a>) rose 15.5% to $11.08 after Craig-Hallum initiated coverage on the stock with a Buy rating and announced a $17 price target.</li>
<li>Joby Aviation, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/joby#NYSE">JOBY</a>) surged 14.7% to $10.27 after South Korea&#39;s SK Telecom made an equity investment of $100 million in the company as part of an expanded partnership.</li>
<li>Overstock.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ostk#NASDAQ">OSTK</a>) gained 12.7% to $28.79 after the company announced the consummation of its acquisition of certain IP assets of the Bed Bath &amp; Beyond brand.</li>
<li>Nano Dimension Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nndm#NASDAQ">NNDM</a>) climbed 12.6% to $2.7150 after the company reported first-quarter revenues of $14.97 million, up 43.5% year-on-year. EPS of $0.09 was significantly higher than the year-ago EPS loss of ($0.13).</li>
<li>Hyster-Yale Materials Handling, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hy#NYSE">HY</a>) gained 12.5% to $59.07.</li>
<li>BlackBerry Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bb#NYSE">BB</a>) shares rose 12.2% to $5.62 after the company reported better-than-expected fiscal first-quarter results.</li>
<li>Ispire Technology Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ispr#NASDAQ">ISPR</a>) gained 11.7% to $10.20 as the company raised fourth-quarter revenue outlook for Cannabis Vaping Hardware.</li>
<li>Archer Aviation Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/achr#NASDAQ">ACHR</a>) climbed 11.6% to $4.30 after a 13D filing showed Stellantis raised its stake in the company from 7.4% to 10.6%.</li>
<li>Hammerhead Energy Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hhrs#NASDAQ">HHRS</a>) gained 10.9% to $7.50.</li>
<li>Nikola Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nkla#NASDAQ">NKLA</a>) climbed 9.9% to $1.2750.</li>
<li>Worthington Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wor#NYSE">WOR</a>) gained 9.5% to $69.42 after the company reported better-than-expected quarterly EPS results.</li>
<li>Kintara Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ktra#NASDAQ">KTRA</a>) shares rose 7.4% to $3.2114 after the company secured $2 million National Institutes Of Health SBIR grant to support development of REM-001.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>BioXcel Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btai#NASDAQ">BTAI</a>) shares dipped 62.2% to $6.68 after the company released topline results from TRANQUILITY II Phase 3 trial of BXCL501 for acute treatment of Alzheimer&#39;s Disease-related agitation.</li>
<li>Evelo Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evlo#NASDAQ">EVLO</a>) dropped 27.6% to $0.1844. Evelo Biosciences announced a 1-for-20 reverse stock split expected to begin trading on a split-adjusted basis on June 30, 2023.</li>
<li>Mobiquity Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mobq#NASDAQ">MOBQ</a>) fell 26.8% to $0.1099 after the company reported pricing of $3 million public offering of 30 million shares of common stock at a price of $0.10/share.</li>
<li>Greenlane Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gnln#NASDAQ">GNLN</a>) fell 23.7% to $1.0150 after announcing a $4 million public offering.</li>
<li>CorMedix Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crmd#NASDAQ">CRMD</a>) fell 22% to $3.9550 after the company reported pricing of $40 million public offering of common stock and pre-funded warrants.</li>
<li>iMedia Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/imbi#NASDAQ">IMBI</a>) fell 18.5% to $0.1570 after jumping 20% on Wednesday.</li>
<li>Centogene N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cntg#NASDAQ">CNTG</a>) fell 17.1% to $1.31 after jumping 34% on Wednesday. CENTOGENE and Lifera recently formed a Saudi Arabian joint venture.</li>
<li>American Rebel Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/areb#NASDAQ">AREB</a>) shares declined 17% to $2.9450. American Rebel announced pricing of a $3 million private placement priced at-the-market per Nasdaq rules.</li>
<li>Shineco, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sisi#NASDAQ">SISI</a>) dropped 16.8% to $0.3270.</li>
<li>Avalo Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avtx#NASDAQ">AVTX</a>) fell 15.5% to $0.3601. ARMISTICE CAPITAL LLC, 10% Owner at Avalo Therapeutics , reported a large insider sell on June 28.</li>
<li>Knightscope, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kscp#NASDAQ">KSCP</a>) fell 15.4% to $0.5922 after jumping 52% on Wednesday. The company&#39;s CEO made comments about 2023 projections on the Stock Day podcast.</li>
<li>Liquidia Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lqda#NASDAQ">LQDA</a>) dipped 15% to $8.42. Liquidia said it is evaluating claim of patent application from United Therapeutics.</li>
<li>Genius Group Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gns#NYSE">GNS</a>) fell 14.9% to $0.6901.</li>
<li>Surgalign Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/srga#NASDAQ">SRGA</a>) shares dropped 12.8% to $0.2615 after gaining 11% on Wednesday. Surgalign Holdings&rsquo; subsidiary Holo Surgical was granted European Patent Number EP3751516 titled &quot;Autonomous Multidimensional Segmentation Of Anatomical Structures On Three-Dimensional Medical Imaging.&quot;</li>
<li>Xiao-I Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aixi#NASDAQ">AIXI</a>) fell 12.1% to $5.38. Xiao-I launched generative AI Model.</li>
<li>Disc Medicine Opco Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iron#NASDAQ">IRON</a>) dropped 10.8% to $45.65.</li>
<li>DSS, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dss#NYSE">DSS</a>) fell 9.9% to $0.3735. The company recently announced a record and distribution date for the Impact Biomedical spinoff special dividend.</li>
<li>Minerva Neurosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nerv#NASDAQ">NERV</a>) fell 9.2% to $9.25. Minerva Neurosciences shares jumped over 69% on Wednesday after the company announced a $20 million private placement priced at a premium to the market.</li>
<li>Lilium N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lilm#NASDAQ">LILM</a>) dropped 7.5% to $1.4794.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/23/06/33040684/top-5-real-estate-stocks-that-may-collapse-in-q2"> Top 5 Real Estate Stocks That May Collapse In Q2</a>

Why Franklin Covey Shares Are Trading Higher By 25%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>Carriage Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSV#NYSE">CSV</a>) stock moved upwards by 21.1% to $33.95 during Thursday's regular session. As of 13:37 EST, Carriage Servs's stock is trading at a volume of 434.9K, which is 537.3% of its average full-day volume over the last 100 days. The company's market cap stands at $507.0 million. </li>
<li>Overstock.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSTK#NASDAQ">OSTK</a>) shares moved upwards by 17.77% to $30.08. Overstock.com's stock is trading at a volume of 11.6 million shares as of 13:37 EST. This is 753.5% of its average full-day volume over the last 100 days. The company's market cap stands at $1.3 billion. </li>
<li>GAN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GAN#NASDAQ">GAN</a>) shares increased by 17.12% to $1.47. As of 13:37 EST, GAN's stock is trading at a volume of 558.6K, which is 183.3% of its average full-day volume over the last 100 days. The company's market cap stands at $65.6 million. </li>
<li>RealReal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>) stock increased by 15.19% to $2.08. RealReal's stock is trading at a volume of 6.2 million shares as of 13:37 EST. This is 177.6% of its average full-day volume over the last 100 days. The company's market cap stands at $208.8 million. </li>
<li>Vroom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRM#NASDAQ">VRM</a>) shares moved upwards by 12.5% to $1.67. As of 13:37 EST, Vroom's stock is trading at a volume of 6.6 million, which is 281.5% of its average full-day volume over the last 100 days. The company's market cap stands at $231.1 million. </li>
<li>Dixie Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXYN#NASDAQ">DXYN</a>) stock rose 10.08% to $1.31. The company's market cap stands at $20.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Greenlane Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) stock declined by 27.7% to $0.96 during Thursday's regular session. Trading volume for this security as of 13:37 EST is 1.3 million, which is 3897.2% of its average full-day volume over the last 100 days. The company's market cap stands at $1.5 million. </li>
<li>Genius Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GNS#AMEX">GNS</a>) stock decreased by 11.86% to $0.71. The current volume of 1.9 million shares is 77.1% of Genius Gr's average full-day volume over the last 100 days (last updated at 13:37 EST). The market value of their outstanding shares is at $36.3 million. </li>
<li>Kaixin Auto Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) shares fell 9.55% to $0.31. Kaixin Auto Hldgs's stock is trading at a volume of 512.3K shares as of 13:37 EST. This is 102.0% of its average full-day volume over the last 100 days. The company's market cap stands at $70.1 million. </li>
<li>Selina Hospitality (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNA#NASDAQ">SLNA</a>) shares decreased by 9.49% to $1.05. The current volume of 66.1K shares is 77.5% of Selina Hospitality's average full-day volume over the last 100 days (last updated at 13:37 EST). The company's market cap stands at $104.6 million. As per the press release, Q1 earnings came out 2 days ago. </li>
<li>Volcon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLCN#NASDAQ">VLCN</a>) shares declined by 8.73% to $0.52. The current volume of 102.6K shares is 67.9% of Volcon's average full-day volume over the last 100 days (last updated at 13:37 EST). The market value of their outstanding shares is at $15.9 million. </li>
<li>Chijet Motor Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CJET#NASDAQ">CJET</a>) stock decreased by 8.65% to $2.59. As of 13:37 EST, Chijet Motor Co's stock is trading at a volume of 244.4K, which is 8.5% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $414.9 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CJET

KXIN

REAL

SLNA

VLCN

12 Consumer Discretionary Stocks Moving In Thursday's Intraday Session

Barrington Research analyst Alexander Paris maintains Carriage Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSV#NYSE">CSV</a>) with a Outperform and lowers the price target from $45 to $42.

Barrington Research Maintains Outperform on Carriage Servs, Lowers Price Target to $42

WIIM

Carriage Services shares are trading higher after the company announced that it initiated a process to explore potential strategic alternatives, including a sale or merger, to maximize shareholder value.

Carriage Services Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/csv#NYSE">CSV</a>) shares surged after its Board of Directors initiated a process to&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/06/g33055719/carriage-services-announces-review-of-strategic-alternatives" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">explore potential strategic alternatives.</a>
The options include sale, merger or other potential strategic or financial transactions to maximize shareholder value.
The move comes a week after the company appointed&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/06/g32975684/carriage-services-appoints-carlos-r-quezada-as-chief-executive-officer-mel-payne-assumes-role-of-e" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Carlos R. Quezada as its Chief Executive Officer</a>.
In May, the company reported a first-quarter FY23 revenue of $98.2 million,&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/05/g32199112/carriage-services-announces-first-quarter-2023-results" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">a 2.8% increase Y/Y.</a>
In December last year, the company announced the &#39;High Performance and Credit Profile Restoration Plan&#39;&nbsp;to maximize Free Cash Flow for rapid paydown of credit facility borrowings over 2023 and 2024 and to reduce outstanding borrowings by the end of 2024.
Carriage provides funeral and cemetery services and merchandise in the U.S. and operates 170 funeral homes in 26 states and 30 cemeteries in 11 states.
Price Action: CSV shares are trading higher by 23.9% at $34.74 on the last check Thursday.

Carriage Services Board Initiates Process To Explore Potential Strategic Alternatives, Including Sale

Carriage Services, Inc. (CSV) Q4 2023 Earnings Call Transcript

Carriage Services, Inc. (CSV) receives a strong  valuation score of 77 from InvestorsObserver analysis. Our proprietary scoring system considers the overall health of the company by looking at the stock's price, earnings, and growth rate to determine if it represents a good value. CSV holds a better value than 77% of stock

Carriage Services, Inc. (CSV) Stock: How Does it Score on Valuation Metrics?

Carriage Services (CSV) has provided an announcement. L. Kian Granmayeh has been promoted to Principal Accounting Officer while maintaining his rol...

Carriage Services Executive Leadership and Compensation Update

Warning: CSV is at high risk of cutting its dividend

The latest announcement is out from Carriage Services (CSV). On March 7, 2024, the Board of Directors of a company adjusted the balance of its clas...

Carriage Services Board Reshuffle and New Chairman

Carriage Services (CSV) has provided an announcement. Kathryn Shanley has been appointed as the new Chief Accounting Officer of Carriage Service, I...

Carriage Services Appoints Kathryn Shanley as New CAO

Carriage Services: Still Not Cheap Enough To Justify Balance Sheet Concerns

Carriage declares $0.1125 dividend

Press Releases

Park Lawn Withdraws Offer to Purchase Carriage Services, Inc.

Economics

Carriage Services Confirms Continuation of Review of Strategic Alternatives

Carriage Services Announces 2023 Third Quarter Earnings Release and Conference Call Schedule

Dividends

Carriage Services Declares Quarterly Cash Dividend

Carriage Services Announces Third Quarter 2023 Results

Carriage Services Announces 2023 Annual Results Earnings Release and Conference Call Schedule

Carriage Services Announces Fourth Quarter and Full Year 2023 Results

Carriage Services Announces 2024 First Quarter Earnings Release and Conference Call Schedule