Driven Brands (NASDAQ:DRVN) Releases 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 1.230-1.280 for the period, compared to the consensus earnings per share 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.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DRVN shares. Weiss Ratings restated a “sell (d-)” rating on shares of Driven Brands in a report on Tuesday, October 14th. JPMorgan Chase & Co. raised shares of Driven Brands from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $17.00 to $23.00 in a research report on Wednesday, August 6th. Canaccord Genuity Group reiterated a “buy” rating and set a $24.00 price objective on shares of Driven Brands in a research note on Thursday, September 18th. Zacks Research upgraded Driven Brands to a “hold” rating in a research note on Friday, August 8th. Finally, Wall Street Zen downgraded Driven Brands from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.44.

Driven Brands Price Performance

Shares of NASDAQ:DRVN opened at $14.25 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 2.82. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of -8.38, a P/E/G ratio of 0.86 and a beta of 1.05. The business has a fifty day simple moving average of $16.55 and a 200 day simple moving average of $17.07. Driven Brands has a 1 year low of $13.93 and a 1 year high of $19.74.

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

Insider Buying and Selling

In related news, Director Jonathan G. Fitzpatrick sold 110,000 shares of the stock in a transaction that occurred 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 $41,144,126.65. This represents a 4.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is currently owned by company insiders.

Institutional Trading of Driven Brands

A number of hedge funds have recently modified their holdings of the company. Lazard Asset Management LLC increased its position in shares of Driven Brands by 0.3% during the second quarter. Lazard Asset Management LLC now owns 216,423 shares of the company’s stock worth $3,800,000 after acquiring an additional 682 shares in the last quarter. Osaic Holdings Inc. raised its stake in Driven Brands by 82.1% in the second quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock valued at $37,000 after buying an additional 941 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of 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 valued at $610,000 after purchasing an additional 1,493 shares during the period. New York State Common Retirement Fund grew its position in shares of Driven Brands by 10.0% in the second quarter. New York State Common Retirement Fund now owns 16,511 shares of the company’s stock valued at $290,000 after purchasing an additional 1,500 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position 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 valued at $37,000 after acquiring an additional 1,854 shares during the period. 77.08% of the stock is currently owned by institutional investors and hedge funds.

About Driven Brands

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.