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

Driven Brands (NASDAQ:DRVN) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.150-1.250 for the period, compared to the consensus earnings per share estimate of 1.240. The company issued revenue guidance of $2.1 billion-$2.2 billion, compared to the consensus revenue estimate of $2.5 billion.

Driven Brands Stock Performance

Shares of DRVN stock opened at $15.04 on Tuesday. The business has a fifty day moving average of $16.02 and a 200 day moving average of $15.36. Driven Brands has a 1 year low of $10.59 and a 1 year high of $17.45. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.90 and a quick ratio of 1.72. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 375.10, a price-to-earnings-growth ratio of 0.79 and a beta of 1.15.

Analyst Ratings Changes

DRVN has been the subject of a number of research reports. Canaccord Genuity Group lifted their target price on Driven Brands from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Royal Bank of Canada lifted their price objective on shares of Driven Brands from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus increased their price objective on shares of Driven Brands from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.25.

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.