Driven Brands (NASDAQ:DRVN) Issues FY 2025 Earnings Guidance

by · The Markets Daily

Driven Brands (NASDAQ:DRVN – Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.180-1.230 for the period, compared to the consensus estimate of 1.190. The company issued revenue guidance of $1.9 billion-$1.9 billion, compared to the consensus revenue estimate of $2.1 billion.

Driven Brands Price Performance

DRVN stock opened at $14.92 on Wednesday. The company has a debt-to-equity ratio of 2.44, a current ratio of 0.90 and a quick ratio of 0.80. The firm has a market capitalization of $2.45 billion, a P/E ratio of -12.03, a P/E/G ratio of 1.26 and a beta of 1.04. The business’s 50-day moving average is $14.81 and its two-hundred day moving average is $16.35. Driven Brands has a 1 year low of $13.44 and a 1 year high of $19.74.

Driven Brands (NASDAQ:DRVN – Get Free Report) last announced its quarterly earnings data on Wednesday, March 12th. The company reported $0.30 EPS for the quarter. Driven Brands had a positive return on equity of 25.31% and a negative net margin of 9.14%.The business had revenue of $564.12 million during the quarter. Analysts anticipate that Driven Brands will post 0.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on DRVN. Benchmark reissued a “buy” rating on shares of Driven Brands in a research report on Wednesday, December 3rd. Canaccord Genuity Group reiterated a “buy” rating and set a $24.00 target price on shares of Driven Brands in a research note on Thursday, September 18th. BTIG Research cut their price target on Driven Brands from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. Stifel Nicolaus set a $23.00 price target on Driven Brands in a report on Monday, November 17th. Finally, Wall Street Zen cut Driven Brands from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $21.22.

Get Our Latest Stock Analysis on DRVN

Hedge Funds Weigh In On Driven Brands

Several hedge funds have recently made changes to their positions in DRVN. Osaic Holdings Inc. lifted its holdings in shares of Driven Brands by 82.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock valued at $37,000 after purchasing an additional 941 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Driven Brands by 744.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the company’s stock worth $37,000 after buying an additional 1,854 shares during the period. Tower Research Capital LLC TRC increased its position in Driven Brands by 709.3% during the second quarter. Tower Research Capital LLC TRC now owns 8,490 shares of the company’s stock worth $149,000 after buying an additional 7,441 shares during the period. BNP Paribas Financial Markets lifted its stake in Driven Brands by 89.7% in the third quarter. BNP Paribas Financial Markets now owns 12,516 shares of the company’s stock valued at $202,000 after buying an additional 5,917 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of Driven Brands by 10.0% in the second quarter. New York State Common Retirement Fund now owns 16,511 shares of the company’s stock valued at $290,000 after acquiring an additional 1,500 shares during the period. Hedge funds and other institutional investors own 77.08% of the company’s stock.

Driven Brands Company Profile

(Get Free Report)

Driven Brands Holdings Inc (NASDAQ: DRVN) is a leading North American provider of automotive aftermarket services, operating through a network of franchised and company-owned locations. The company’s platform encompasses a diverse portfolio of car care and maintenance brands, including Meineke Car Care Centers, Maaco Collision Repair & Auto Painting, Take 5 Oil Change, and Carstar Collision Repair. Driven Brands delivers a full range of services from routine maintenance and oil changes to collision repair, paint protection, and vehicle customization.

Headquartered in Charlotte, North Carolina, Driven Brands serves both individual consumers and commercial clients across the United States and Canada.

Read More