NASDAQ:DRVN

Driven Brands (DRVN) Stock Price, News & Analysis

$15.07
+0.66 (+4.58%)
(As of 02:04 PM ET)
Today's Range
$14.34
$15.12
50-Day Range
$12.94
$15.79
52-Week Range
$10.60
$31.47
Volume
511,111 shs
Average Volume
1.07 million shs
Market Capitalization
$2.47 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$19.89

Driven Brands MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
34.3% Upside
$19.89 Price Target
Short Interest
Healthy
7.49% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.04
Upright™ Environmental Score
News Sentiment
1.30mentions of Driven Brands in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
30.34%
From $0.89 to $1.16 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.38 out of 5 stars

Auto/Tires/Trucks Sector

12th out of 77 stocks

Automotive Repair, Services & Parking Industry

1st out of 5 stocks

DRVN stock logo

About Driven Brands Stock (NASDAQ:DRVN)

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. It sells its products and services under the CARSTAR, IMO, MAACO, Meineke Car Care Centers, PH Vitres D'Autos, Take 5 Oil Change, Take 5 Car Wash, Auto Glass Now, Fix Auto USA, and 1-800-Radiator & A/C, Spire Supply, and Automotive Training Institute brands. The company was founded in 1972 and is headquartered in Charlotte, North Carolina.

DRVN Stock Price History

DRVN Stock News Headlines

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Driven Brands Holdings Inc (DRVN)
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DRVN Apr 2024 10.000 call
Driven Brands Holdings Q4 Earnings - Update
Driven Brands Q4 2023 Earnings Preview
Driven Brands Final Deadline Alert
Driven Brands 48 Hour Deadline Alert
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Today
4/23/2024
Next Earnings (Confirmed)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Automotive repair, services & parking
Sub-Industry
N/A
Current Symbol
NASDAQ:DRVN
Fax
N/A
Employees
10,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$19.89
High Stock Price Target
$31.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+32.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$-744,960,000.00
Pretax Margin
-36.79%

Debt

Sales & Book Value

Annual Sales
$2.30 billion
Cash Flow
$7.69 per share
Book Value
$5.53 per share

Miscellaneous

Free Float
160,326,000
Market Cap
$2.47 billion
Optionable
Optionable
Beta
1.18
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Key Executives


DRVN Stock Analysis - Frequently Asked Questions

Should I buy or sell Driven Brands stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Driven Brands in the last twelve months. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DRVN shares.
View DRVN analyst ratings
or view top-rated stocks.

What is Driven Brands' stock price target for 2024?

10 equities research analysts have issued 12 month target prices for Driven Brands' shares. Their DRVN share price targets range from $14.00 to $31.00. On average, they anticipate the company's stock price to reach $19.89 in the next twelve months. This suggests a possible upside of 34.3% from the stock's current price.
View analysts price targets for DRVN
or view top-rated stocks among Wall Street analysts.

How have DRVN shares performed in 2024?

Driven Brands' stock was trading at $14.26 at the beginning of 2024. Since then, DRVN shares have increased by 3.9% and is now trading at $14.81.
View the best growth stocks for 2024 here
.

Are investors shorting Driven Brands?

Driven Brands saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 4,340,000 shares, a decrease of 6.9% from the March 15th total of 4,660,000 shares. Based on an average trading volume of 1,080,000 shares, the days-to-cover ratio is currently 4.0 days. Approximately 7.5% of the shares of the stock are sold short.
View Driven Brands' Short Interest
.

When is Driven Brands' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our DRVN earnings forecast
.

How were Driven Brands' earnings last quarter?

Driven Brands Holdings Inc. (NASDAQ:DRVN) issued its quarterly earnings results on Thursday, February, 22nd. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. The firm had revenue of $553.70 million for the quarter, compared to the consensus estimate of $572.92 million. Driven Brands had a positive trailing twelve-month return on equity of 11.00% and a negative net margin of 32.33%. The company's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 EPS.

What guidance has Driven Brands issued on next quarter's earnings?

Driven Brands issued an update on its FY24 earnings guidance on Thursday, February, 22nd. The company provided EPS guidance of $0.88-$1.00 for the period, compared to the consensus earnings per share estimate of $1.11. The company issued revenue guidance of $2.35-$2.45 billion, compared to the consensus revenue estimate of $2.52 billion.

When did Driven Brands IPO?

Driven Brands (DRVN) raised $703 million in an initial public offering on Friday, January 15th 2021. The company issued 38,000,000 shares at $17.00-$20.00 per share. Morgan Stanley, BofA Securities, Goldman Sachs, J.P. Morgan and Barclays acted as the underwriters for the IPO and Credit Suisse, Baird, Piper Sandler and William Blair were co-managers.

Who are Driven Brands' major shareholders?

Driven Brands' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Norden Group LLC (0.01%), Wedmont Private Capital (0.01%), GAMMA Investing LLC (0.00%) and Allspring Global Investments Holdings LLC (0.00%). Insiders that own company stock include Daniel R Rivera, Driven Equity Llc, Gary W Ferrera, Jonathan G Fitzpatrick, Michael G Macaluso, Neal K Aronson and Rc Iv Cayman Icw Holdings Llc.
View institutional ownership trends
.

How do I buy shares of Driven Brands?

Shares of DRVN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:DRVN) was last updated on 4/23/2024 by MarketBeat.com Staff

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