What Makes Carriage Services (CSV) a Strong Momentum Stock: Buy Now?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Carriage Services (CSV) - Carriage Services currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [3][4][12] - The company provides funeral and cemetery services and products, positioning it as a solid momentum pick [5] Price Performance - Over the past week, CSV shares increased by 2.91%, while the Zacks Funeral Services industry rose by 3.78% [7] - In the last quarter, CSV shares have risen by 22.62%, and over the past year, they have gained 81.64%, significantly outperforming the S&P 500, which increased by 6.59% and 32.84% respectively [8] Trading Volume - CSV's average 20-day trading volume is 102,649 shares, which is a useful indicator for assessing momentum; a rising stock with above-average volume is generally seen as bullish [9] Earnings Outlook - In the past two months, two earnings estimates for CSV have been revised upwards, increasing the consensus estimate from $2.34 to $2.50 [11] - For the next fiscal year, three estimates have moved upwards with no downward revisions, indicating positive earnings momentum [11]