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

Driven Brands (NASDAQ:DRVN) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.150-1.25 for the period, compared to the consensus earnings per share 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.

Driven Brands Trading Up 3.2%

Shares of Driven Brands stock opened at $15.29 on Friday. Driven Brands has a 1 year low of $9.80 and a 1 year high of $19.74. The company’s fifty day simple moving average is $13.54 and its 200-day simple moving average is $13.77. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 13.65 and a beta of 0.96. The company has a current ratio of 1.38, a quick ratio of 1.25 and a debt-to-equity ratio of 2.08.

Driven Brands (NASDAQ:DRVN) last issued its quarterly earnings results on Thursday, June 11th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. Driven Brands had a net margin of 9.08% and a return on equity of 25.70%. The firm had revenue of $484.44 million during the quarter, compared to the consensus estimate of $480.84 million. During the same period in the prior year, the firm earned $0.27 EPS. The business’s revenue was down 6.2% on a year-over-year basis. As a group, sell-side analysts expect that Driven Brands will post 1.08 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on DRVN shares. Benchmark reaffirmed a “buy” rating on shares of Driven Brands in a research report on Tuesday, May 26th. Weiss Ratings upgraded shares of Driven Brands from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. Robert W. Baird set a $18.00 price target on shares of Driven Brands and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. Zacks Research raised Driven Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, March 19th. Finally, Royal Bank Of Canada dropped their target price on Driven Brands from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Thursday, June 11th. Two investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.18.

Institutional Trading of Driven Brands

Hedge funds have recently modified their holdings of the stock. Boston Partners raised its position in Driven Brands by 1,301.0% in the 4th quarter. Boston Partners now owns 3,426,388 shares of the company’s stock worth $50,783,000 after purchasing an additional 3,181,812 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in Driven Brands in the 3rd quarter valued at $12,599,000. Goldman Sachs Group Inc. increased its stake in shares of Driven Brands by 14.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,826,160 shares of the company’s stock valued at $56,704,000 after buying an additional 491,919 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Driven Brands by 195.1% during the fourth quarter. Russell Investments Group Ltd. now owns 691,129 shares of the company’s stock valued at $10,243,000 after acquiring an additional 456,947 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Driven Brands by 51.3% in the 4th quarter. Millennium Management LLC now owns 1,263,464 shares of the company’s stock valued at $18,725,000 after purchasing an additional 428,499 shares during the period. 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.