Driven Brands (NASDAQ:DRVN) Issues FY 2026 Earnings Guidance

Driven Brands (NASDAQ:DRVN) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 1.150-1.25 for the period, compared to the consensus EPS estimate of 1.160. The company issued revenue guidance of $2.0 billion-$2.1 billion, compared to the consensus revenue estimate of $2.0 billion.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DRVN shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $14.75 target price on shares of Driven Brands in a research note on Wednesday, May 20th. BTIG Research reissued a “buy” rating and issued a $17.00 price target on shares of Driven Brands in a research report on Friday, June 12th. Zacks Research upgraded shares of Driven Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 19th. Benchmark reiterated a “buy” rating on shares of Driven Brands in a research note on Tuesday, May 26th. Finally, Piper Sandler boosted their target price on Driven Brands from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $17.18.

Driven Brands Price Performance

DRVN stock opened at $15.13 on Wednesday. The business has a 50 day moving average price of $13.44 and a 200 day moving average price of $13.77. The company has a quick ratio of 1.25, a current ratio of 1.38 and a debt-to-equity ratio of 2.08. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 13.51 and a beta of 0.96. Driven Brands has a fifty-two week low of $9.80 and a fifty-two week high of $19.74.

Driven Brands (NASDAQ:DRVN) last released its quarterly earnings data on Thursday, June 11th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. The company had revenue of $484.44 million for the quarter, compared to analysts’ expectations of $480.84 million. Driven Brands had a net margin of 9.08% and a return on equity of 25.70%. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the company earned $0.27 earnings per share. Equities research analysts anticipate that Driven Brands will post 1.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Driven Brands

Several hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Driven Brands by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,597 shares of the company’s stock worth $610,000 after acquiring an additional 1,493 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Driven Brands by 22.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 139,321 shares of the company’s stock valued at $2,388,000 after buying an additional 25,806 shares during the last quarter. New York State Common Retirement Fund increased its position in Driven Brands by 10.0% during the 2nd quarter. New York State Common Retirement Fund now owns 16,511 shares of the company’s stock worth $290,000 after purchasing an additional 1,500 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Driven Brands by 95.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 255,156 shares of the company’s stock valued at $4,481,000 after purchasing an additional 124,556 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of 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 in the last quarter. 77.08% of the stock is owned by institutional investors and hedge funds.

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.