Driven Brands (NASDAQ:DRVN) Releases Quarterly Earnings Results, Beats Expectations By $0.13 EPS

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

Driven Brands Stock Performance

DRVN stock traded up $1.30 during midday trading on Friday, reaching $17.53. 1,193,012 shares of the company's stock traded hands, compared to its average volume of 869,080. The stock's 50-day moving average is $16.00 and its 200 day moving average is $15.39. The stock has a market cap of $2.88 billion, a P/E ratio of 438.25, a PEG ratio of 0.79 and a beta of 1.15. Driven Brands has a 52-week low of $10.59 and a 52-week high of $17.56. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 2.84.

Analyst Ratings Changes

Several brokerages have commented on DRVN. Piper Sandler increased 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. JPMorgan Chase & Co. increased their price objective on Driven Brands from $14.50 to $17.00 and gave the company a "neutral" rating in a research report on Wednesday. Stifel Nicolaus boosted their target price on Driven Brands from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Canaccord Genuity Group raised their price target on shares of Driven Brands from $21.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Royal Bank of Canada boosted their price objective on shares of Driven Brands from $17.00 to $20.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Driven Brands has a consensus rating of "Moderate Buy" and an average price target of $19.60.

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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.