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

Driven Brands (NASDAQ:DRVN) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 1.150-1.250 for the period, compared to the consensus EPS estimate of 1.240. The company issued revenue guidance of $2.1 billion-$2.2 billion, compared to the consensus revenue estimate of $2.5 billion.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DRVN shares. Piper Sandler upped their target price on Driven Brands from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday. Canaccord Genuity Group lifted their price objective on Driven Brands from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus boosted their price target on Driven Brands from $20.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. boosted their price target on Driven Brands from $14.50 to $17.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Royal Bank of Canada boosted their price target on Driven Brands from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.60.

Driven Brands Trading Down 1.5 %

Shares of Driven Brands stock traded down $0.25 during trading on Thursday, hitting $16.11. The stock had a trading volume of 442,939 shares, compared to its average volume of 531,486. The stock has a 50 day simple moving average of $16.00 and a 200 day simple moving average of $15.39. The company has a market capitalization of $2.64 billion, a PE ratio of 402.58, a P/E/G ratio of 0.79 and a beta of 1.15. The company has a quick ratio of 1.72, a current ratio of 1.90 and a debt-to-equity ratio of 2.84. Driven Brands has a 1 year low of $10.59 and a 1 year high of $17.45.

Driven Brands (NASDAQ:DRVN) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.17 by $0.13. The business had revenue of $564.12 million during the quarter, compared to analysts’ expectations of $572.95 million. Driven Brands had a net margin of 0.27% and a return on equity of 14.86%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $0.19 earnings per share. On average, research analysts expect that Driven Brands will post 0.85 EPS for the current fiscal year.

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.