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) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.150-1.25 for the period, compared to the consensus 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.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DRVN. JPMorgan Chase & Co. upgraded Driven Brands from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $17.00 to $23.00 in a research report on Wednesday. Canaccord Genuity Group increased their target price on Driven Brands from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Wall Street Zen cut Driven Brands from a "buy" rating to a "hold" rating in a research report on Saturday. BTIG Research began coverage on Driven Brands in a research report on Monday, June 30th. They set a "buy" rating and a $22.00 target price for the company. Finally, The Goldman Sachs Group began coverage on Driven Brands in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $20.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Driven Brands has a consensus rating of "Moderate Buy" and a consensus price target of $21.60.

Driven Brands Price Performance

NASDAQ DRVN traded down $0.04 during trading on Friday, hitting $16.58. 864,560 shares of the stock traded hands, compared to its average volume of 752,216. The company has a market capitalization of $2.72 billion, a P/E ratio of -9.75, a price-to-earnings-growth ratio of 0.95 and a beta of 1.08. The firm has a 50-day simple moving average of $17.38 and a 200-day simple moving average of $16.95. The company has a quick ratio of 1.33, a current ratio of 1.47 and a debt-to-equity ratio of 4.07. Driven Brands has a 12-month low of $12.92 and a 12-month high of $18.72.

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

Institutional Investors Weigh In On Driven Brands

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

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.