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

Driven Brands (NASDAQ:DRVN) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 1.230-1.280 for the period, compared to the consensus EPS estimate of 1.140. The company issued revenue guidance of $2.1 billion-$2.1 billion, compared to the consensus revenue estimate of $2.1 billion.

Driven Brands Stock Down 5.3%

Shares of DRVN traded down $0.80 during trading hours on Wednesday, hitting $14.21. The stock had a trading volume of 93,812 shares, compared to its average volume of 803,913. Driven Brands has a 1-year low of $13.93 and a 1-year high of $19.74. The firm has a market capitalization of $2.33 billion, a P/E ratio of -8.36, a price-to-earnings-growth ratio of 0.86 and a beta of 1.05. The firm has a 50 day simple moving average of $16.49 and a 200-day simple moving average of $17.06. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.11 and a quick ratio of 1.01.

Driven Brands (NASDAQ:DRVN) last posted its quarterly earnings results on Wednesday, March 12th. The company reported $0.30 earnings per share for the quarter. The business had revenue of $564.12 million for the quarter. Driven Brands had a positive return on equity of 21.17% and a negative net margin of 12.32%. Sell-side analysts predict that Driven Brands will post 0.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wall Street Zen lowered Driven Brands from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Driven Brands in a research note on Tuesday, October 14th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Driven Brands in a research note on Thursday, September 18th. Piper Sandler dropped their price target on shares of Driven Brands from $22.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Finally, Zacks Research raised Driven Brands to a “hold” rating in a report on Friday, August 8th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.33.

Insider Activity at Driven Brands

In related news, Director Jonathan G. Fitzpatrick sold 110,000 shares of Driven Brands stock in a transaction on Monday, September 15th. The stock was sold at an average price of $18.05, for a total transaction of $1,985,500.00. Following the sale, the director directly owned 2,279,453 shares in the company, valued at approximately $41,144,126.65. This trade represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Driven Brands

Several institutional investors have recently bought and sold shares of DRVN. Osaic Holdings Inc. lifted its stake in Driven Brands by 82.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock worth $37,000 after purchasing an additional 941 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Driven Brands by 744.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the company’s stock worth $37,000 after purchasing an additional 1,854 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Driven Brands by 709.3% in 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 in the last quarter. New York State Common Retirement Fund boosted its stake in Driven Brands by 10.0% during the second quarter. New York State Common Retirement Fund now owns 16,511 shares of the company’s stock valued at $290,000 after buying an additional 1,500 shares during the period. Finally, Advisory Services Network LLC bought a new stake in Driven Brands during the second quarter valued at $361,000. Hedge funds and other institutional investors own 77.08% of the company’s stock.

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.