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

Key Points

• Driven Brands has issued updated FY 2025 earnings guidance, projecting EPS of 1.150-1.25 and revenue between $2.1 billion and $2.2 billion, which aligns with the revenue consensus but slightly varies from the EPS consensus of 1.228.
• Analyst ratings for Driven Brands show a favorable outlook, with three investment analysts giving the stock a hold rating and seven assigning a buy rating, reflecting a consensus rating of "Moderate Buy".
• Driven Brands' recent stock performance shows volatility, with shares trading at $17.31 and its market capitalization standing at $2.84 billion; the company's stock exhibits a price-to-earnings ratio of -9.61.

Driven Brands (NASDAQ:DRVN - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.150-1.25 for the period, compared to the consensus EPS estimate of 1.228. The company issued revenue guidance of $2.1 billion-$2.2 billion, compared to the consensus revenue estimate of $2.1 billion.

Driven Brands Stock Performance

NASDAQ:DRVN traded down $0.19 during mid-day trading on Friday, reaching $16.43. 219,036 shares of the company's stock were exchanged, compared to its average volume of 694,342. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.33 and a current ratio of 1.47. The firm has a market capitalization of $2.70 billion, a PE ratio of -9.67, a price-to-earnings-growth ratio of 0.99 and a beta of 1.08. Driven Brands has a one year low of $12.92 and a one year high of $18.72. The business's fifty day simple moving average is $17.40 and its two-hundred day simple moving average is $16.95.

Driven Brands (NASDAQ:DRVN - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. The company had revenue of $550.99 million for the quarter, compared to analysts' expectations of $540.12 million. Driven Brands had a negative net margin of 12.32% and a positive return on equity of 21.21%. The business's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $0.35 earnings per share. Analysts anticipate that Driven Brands will post 0.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DRVN shares. Canaccord Genuity Group upped their target price on Driven Brands from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Friday, June 27th. The Goldman Sachs Group started coverage on shares of Driven Brands in a research note on Tuesday, June 3rd. They set a "neutral" rating and a $20.00 price objective on the stock. JPMorgan Chase & Co. upgraded shares of Driven Brands from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $17.00 to $23.00 in a research report on Wednesday. BTIG Research started coverage on shares of Driven Brands in a report on Monday, June 30th. They set a "buy" rating and a $22.00 price target for the company. Finally, Wall Street Zen raised shares of Driven Brands from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $21.60.

Institutional Trading of Driven Brands

An institutional investor recently raised its position in Driven Brands stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,597 shares of the company's stock after acquiring an additional 1,493 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Driven Brands were worth $610,000 at the end of the most recent reporting period. 77.08% of the stock is owned by hedge funds and other institutional investors.

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.