CSV

Validea James P. O'Shaughnessy Strategy Daily Upgrade Report - 2/15/2024

The following are today's upgrades for Validea's Growth/Value Investor model based on the published strategy of James P. O'Shaughnessy. This two strategy approach offers a large-cap value model and a growth approach that looks for persistent earnings growth and strong relative strength.

CARRIAGE SERVICES, INC. (CSV) is a small-cap value stock in the Personal Services industry. The rating according to our strategy based on James P. O'Shaughnessy changed from 75% to 100% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.

Company Description: Carriage Services, Inc. is a provider of funeral and cemetery services and merchandise in the United States. The Company's segments include Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides service businesses, which includes sales of burial and cremation services and related merchandise, such as caskets and urns. It provides funeral services and products on both an atneed (time of death) and preneed (planned prior to death) basis. The Cemetery Operations segment is engaged in selling cemetery interment rights, including grave sites, lawn crypts, mausoleum spaces and niches; related cemetery merchandise, such as memorial markers, outer burial containers and monuments, and services, such as interments, inurnments and installation of cemetery merchandise. It also provides cemetery services and products on both an atneed and preneed basis. The Company operates approximately 171 funeral homes in 26 states and 32 cemeteries in 11 states.

The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.

MARKET CAP:PASS
EARNINGS PER SHARE PERSISTENCE:PASS
PRICE/SALES RATIO:PASS
RELATIVE STRENGTH:PASS

Detailed Analysis of CARRIAGE SERVICES, INC.

CSV Guru Analysis

CSV Fundamental Analysis

James P. O'Shaughnessy Portfolio

About James P. O'Shaughnessy: Research guru and money manager James O'Shaughnessy forced many professional and amateur investors alike to rethink their investment beliefs when he published his 1996 bestseller, What Works on Wall Street. O'Shaughnessy back-tested 44 years ofstock market datafrom the comprehensive Standard & Poor's Compustat database to find out which quantitative strategies have worked over the years and which haven't. To the surprise of many, he concluded that price/earnings ratios aren't the best indicator of a stock's value, and that small-company stocks, contrary to popular wisdom, don't as a group have an edge on large-company stocks. Today O'Shaughnessy is the Chief Investment Officer of O'Shaughnessy Asset Management.

About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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