Driven Brands (NASDAQ:DRVN) Issues Earnings Results

Driven Brands (NASDAQ:DRVN - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.13, Briefing.com reports. Driven Brands had a return on equity of 14.86% and a net margin of 0.27%. The firm had revenue of $564.12 million for the quarter, compared to analyst estimates of $572.95 million. During the same quarter last year, the company earned $0.19 EPS. The company's revenue was up 1.9% on a year-over-year basis. Driven Brands updated its FY 2025 guidance to 1.150-1.250 EPS.

Driven Brands Price Performance

Shares of NASDAQ DRVN traded up $1.30 during mid-day trading on Friday, hitting $17.53. 1,193,012 shares of the stock traded hands, compared to its average volume of 867,901. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.90 and a quick ratio of 1.72. Driven Brands has a twelve month low of $10.59 and a twelve month high of $17.57. The company has a market cap of $2.87 billion, a PE ratio of 438.25, a price-to-earnings-growth ratio of 0.79 and a beta of 1.15. The firm has a 50 day simple moving average of $16.03 and a two-hundred day simple moving average of $15.45.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DRVN shares. Piper Sandler raised their price objective on Driven Brands from $19.00 to $22.00 and gave the stock an "overweight" rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price objective on Driven Brands from $14.50 to $17.00 and gave the stock a "neutral" rating in a research note on Wednesday. BMO Capital Markets raised their price objective on Driven Brands from $15.00 to $16.00 and gave the stock a "market perform" rating in a research note on Wednesday. Canaccord Genuity Group raised their price objective on Driven Brands from $21.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Stifel Nicolaus lifted their price target on Driven Brands from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $19.60.

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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.