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

Driven Brands (NASDAQ:DRVN) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.180-1.230 for the period, compared to the consensus EPS 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.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Driven Brands in a research note on Monday. Piper Sandler cut their target price on Driven Brands from $22.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. William Blair upgraded Driven Brands from a “market perform” rating to an “outperform” rating in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. decreased 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. Finally, Wall Street Zen cut shares of Driven Brands from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.22.

Driven Brands Trading Down 1.4%

NASDAQ DRVN opened at $14.92 on Wednesday. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.80 and a current ratio of 0.90. Driven Brands has a one year low of $13.44 and a one year high of $19.74. The company has a 50-day simple moving average of $14.81 and a 200-day simple moving average of $16.35. The firm has a market capitalization of $2.45 billion, a PE ratio of -12.03, a price-to-earnings-growth ratio of 1.26 and a beta of 1.04.

Driven Brands (NASDAQ:DRVN) last issued its earnings results on Wednesday, March 12th. The company reported $0.30 earnings per share (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%. On average, equities analysts forecast that Driven Brands will post 0.85 earnings per share for the current year.

Institutional Investors Weigh In On Driven Brands

A number of hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. boosted its holdings in shares of Driven Brands by 82.1% during the second quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock valued at $37,000 after acquiring an additional 941 shares during the period. EverSource Wealth Advisors LLC lifted its position in Driven Brands by 744.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the company’s stock valued at $37,000 after purchasing an additional 1,854 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Driven Brands by 709.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,490 shares of the company’s stock valued at $149,000 after purchasing an additional 7,441 shares during the period. BNP Paribas Financial Markets boosted its stake in Driven Brands by 89.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,516 shares of the company’s stock valued at $202,000 after purchasing an additional 5,917 shares during the period. Finally, New York State Common Retirement Fund grew its position in Driven Brands by 10.0% in 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 during the last quarter. 77.08% of the stock is currently 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.