Expect near-term price pressure due to the dilution overhang from the ATM offering. Monitor the company's actual sales pace and any accompanying acquisitions to assess the impact on fundamentals. The absence of a specific acquisition target increases uncertainty around the deployment of proceeds.
Price Chart
Executive Summary
Carriage Services filed a prospectus supplement for an at-the-market (ATM) equity offering of up to $100 million in common stock. The proceeds are intended to fund potential acquisitions and for general corporate purposes, including debt repayment. The offering represents potential dilution of approximately 13.3% based on current market cap and may create near-term overhang on the stock.
Key Facts
- Up to $100,000,000 in common stock may be sold through Oppenheimer and Raymond James under an ATM offering.
- Sales agents receive a commission of up to 3.0% of gross proceeds.
- Proceeds will be used for potential acquisitions and general corporate purposes, including debt repayment.
- As of March 31, 2026, there were 15,872,328 shares outstanding; full issuance could add up to ~2.1 million shares (13.3% dilution) at the assumed price of $47.26.
- The last reported sale price on May 5, 2026 was $47.48 per share.
Financial Impact
Maximum gross proceeds of $100M; net proceeds to be determined based on actual sales. Potential dilution of up to 13.3% of shares outstanding.
Risk Factors
- Stock price may decline due to anticipated dilution from the ATM offering.
- Management has broad discretion on use of proceeds; may not deploy capital effectively.
- Actual number of shares sold and prices are uncertain, leading to variable dilution.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (Primary) | 0001104659-26-056241 |
| Document: 0001104659-26-056241-index-headers.html | 0001104659-26-056241 |
| Document: 0001104659-26-056241-index.html | 0001104659-26-056241 |
| Document: 0001104659-26-056241.txt | 0001104659-26-056241 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Press Release | $35.41 | awaiting T+5 | — | $35.11 (−0.85%) |
Oct 21, 2026 5d ago | SC 13G | $35.68 | awaiting T+5 | — | $35.11 (−1.60%) |
Oct 15, 2026 11d ago | Press Release | $36.20 $35.41 | ▼ −2.18% | ▼ −1.75% | $35.11 (−3.01%) |
Oct 5, 2026 21d ago | 8-K | $32.89 $34.61 | ▲ +5.23% | ▲ +5.37% | $35.11 (+6.75%) |
Sep 30, 2026 26d ago | 8-K | $31.79 $33.73 | ▲ +6.10% | ▲ +4.80% | $35.11 (+10.44%) |
Sep 30, 2026 26d ago | Press Release | $31.79 $33.73 | ▲ +6.10% | ▲ +4.80% | $35.11 (+10.44%) |
Jul 22, 2026 13w ago | Press Release | $37.77 | awaiting T+5 | — | $35.11 (−7.04%) |
May 27, 2026 21w ago | Press Release | $42.49 $37.32 | ▼ −12.17% | ▼ −12.12% | $35.11 (−17.37%) |
May 6, 2026 24w ago | 8-K | $44.60 $43.11 | ▲ +3.34% | ▲ +4.85% | $35.11 (+21.28%) |
May 6, 2026 24w ago | Press Release | $44.60 $43.11 | ▼ −3.34% | ▼ −4.85% | $35.11 (−21.28%) |
US Market Status
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