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

Driven Brands (NASDAQ:DRVN - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 1.150-1.250 for the period, compared to the consensus EPS estimate of 1.240. The company issued revenue guidance of $2.1 billion-$2.2 billion, compared to the consensus revenue estimate of $2.5 billion.

Driven Brands Price Performance

NASDAQ:DRVN traded up $1.30 during trading hours on Friday, hitting $17.53. 1,193,012 shares of the company's stock traded hands, compared to its average volume of 869,080. The firm has a market cap of $2.88 billion, a P/E ratio of 438.25, a P/E/G ratio of 0.79 and a beta of 1.15. The company has a quick ratio of 1.72, a current ratio of 1.90 and a debt-to-equity ratio of 2.84. The business's fifty day simple moving average is $16.03 and its two-hundred day simple moving average is $15.42. Driven Brands has a 52 week low of $10.59 and a 52 week high of $17.56.

Driven Brands (NASDAQ:DRVN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.13. Driven Brands had a net margin of 0.27% and a return on equity of 14.86%. The company had revenue of $564.12 million for the quarter, compared to analysts' expectations of $572.95 million. During the same period in the prior year, the business earned $0.19 earnings per share. Driven Brands's revenue for the quarter was up 1.9% compared to the same quarter last year. On average, research analysts anticipate that Driven Brands will post 0.85 earnings per share for the current fiscal year.

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Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Piper Sandler upped their target price on shares of Driven Brands from $19.00 to $22.00 and gave the stock an "overweight" rating in a research report on Wednesday. Royal Bank of Canada upped their price objective on Driven Brands from $17.00 to $20.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. BMO Capital Markets raised their price objective on Driven Brands from $15.00 to $16.00 and gave the company a "market perform" rating in a report on Wednesday. Canaccord Genuity Group boosted their target price on Driven Brands from $21.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their price target on shares of Driven Brands from $14.50 to $17.00 and gave the company a "neutral" rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $19.60.

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.