Driven Brands (NASDAQ:DRVN) Announces Earnings Results

Driven Brands (NASDAQ:DRVN) posted its quarterly earnings results on Tuesday. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.13, Briefing.com reports. The company had revenue of $564.12 million for the quarter, compared to the consensus estimate of $572.95 million. Driven Brands had a return on equity of 14.86% and a net margin of 0.27%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.19 EPS. Driven Brands updated its FY 2025 guidance to 1.150-1.250 EPS.

Driven Brands Stock Down 0.6 %

DRVN traded down $0.10 during trading hours on Thursday, hitting $16.25. 104,364 shares of the company’s stock were exchanged, compared to its average volume of 521,738. The company has a quick ratio of 1.72, a current ratio of 1.90 and a debt-to-equity ratio of 2.84. Driven Brands has a 1-year low of $10.59 and a 1-year high of $17.45. The stock’s 50-day moving average is $16.00 and its two-hundred day moving average is $15.39. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 406.88, a PEG ratio of 0.79 and a beta of 1.15.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Driven Brands from $14.50 to $17.00 and gave the company a “neutral” rating in a report on Wednesday. Stifel Nicolaus raised their price objective on Driven Brands from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Canaccord Genuity Group boosted their target price on Driven Brands from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday. BMO Capital Markets raised their price target on Driven Brands from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Piper Sandler boosted their price objective on Driven Brands from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.60.

Driven Brands Company Profile

Driven Brands Holdings Inc, together with its subsidiaries, provides automotive services to retail and commercial customers in the United States, Canada, and internationally. It offers various services, such as paint, collision, glass, repair, car wash, oil change, and maintenance services. The company also distributes automotive parts, including radiators, air conditioning components, and exhaust products to automotive repair shops, auto parts stores, body shops, and other auto repair outlets; windshields and glass accessories through a network of distribution centers; and consumable products, such as oil filters and wiper blades, as well as training services to repair and maintenance, and paint and collision shops.