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

Driven Brands (NASDAQ:DRVN) 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.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. William Blair upgraded Driven Brands from a “market perform” rating to an “outperform” rating in a research report on Wednesday, December 3rd. Wall Street Zen downgraded shares of Driven Brands from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. JPMorgan Chase & Co. lowered their price target on shares of Driven Brands from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, November 12th. BTIG Research cut their price objective on shares of Driven Brands from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $24.00 target price on shares of Driven Brands in a research note on Thursday, September 18th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $21.22.

Driven Brands Price Performance

Shares of NASDAQ DRVN opened at $14.91 on Friday. The stock has a market cap of $2.45 billion, a P/E ratio of -12.02, a P/E/G ratio of 1.24 and a beta of 1.04. The firm’s 50-day simple moving average is $14.76 and its 200 day simple moving average is $16.33. Driven Brands has a fifty-two week low of $13.44 and a fifty-two week high of $19.74. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 2.44.

Driven Brands (NASDAQ:DRVN) last released its earnings results on Wednesday, March 12th. The company reported $0.30 EPS for the quarter. The firm had revenue of $564.12 million for the quarter. Driven Brands had a negative net margin of 9.14% and a positive return on equity of 25.31%. Equities analysts expect that Driven Brands will post 0.85 EPS for the current year.

Hedge Funds Weigh In On Driven Brands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DRVN. BNP Paribas Financial Markets lifted its holdings in shares of 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 period. Squarepoint Ops LLC raised its position in Driven Brands by 12.5% in the third quarter. Squarepoint Ops LLC now owns 153,604 shares of the company’s stock worth $2,475,000 after acquiring an additional 17,010 shares in the last quarter. Two Sigma Investments LP acquired a new stake in Driven Brands in the 3rd quarter valued at about $2,383,000. Creative Planning boosted its position in shares of Driven Brands by 13.4% during the 3rd quarter. Creative Planning now owns 38,831 shares of the company’s stock valued at $626,000 after purchasing an additional 4,584 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Driven Brands during the 3rd quarter valued at about $814,000. 77.08% of the stock is owned by institutional investors.

About Driven Brands

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.