Driven Brands (DRVN) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $15.69 to $16.32
• 50-Day Range: $13.56 to $16.76
• 52-Week Range: $10.59 to $16.93
• Volume: 591,593 shs
• Average Volume: 1.07 million shs
• Market Capitalization: $2.58 billion
• P/E Ratio: 392.75
• Dividend Yield: N/A
• Price Target: $17.86
• Consensus Rating: Moderate Buy

Driven Brands Stock Analysis - MarketRank™

Driven Brands scored higher than 69% of companies evaluated by MarketBeat, and ranked 51st out of 88 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Driven Brands has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 7 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Driven Brands has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 33.72%

Earnings Growth

Earnings for Driven Brands are expected to grow by 33.72% in the coming year, from $0.86 to $1.15 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Driven Brands is 392.75, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 131.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Driven Brands is 392.75, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 14.75.

Price to Earnings Growth Ratio

Driven Brands has a PEG Ratio of 1.10. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Driven Brands has a P/B Ratio of 2.84. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

15.38% of the float of Driven Brands has been sold short.

Short Interest Ratio / Days to Cover

Driven Brands has a short interest ratio ("days to cover") of 13.8, which indicates bearish sentiment.

Change versus previous month

Short interest in Driven Brands has recently decreased by 2.83%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Driven Brands does not currently pay a dividend.

Dividend Growth

Driven Brands does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 1.1 / 5
• Environmental Score: -3.04

Percentage of Shares Shorted

15.38% of the float of Driven Brands has been sold short.

Short Interest Ratio / Days to Cover

Driven Brands has a short interest ratio ("days to cover") of 13.8, which indicates bearish sentiment.

Change versus previous month

Short interest in Driven Brands has recently decreased by 2.83%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.7 / 5
• News Sentiment: 0.72

News Sentiment

Driven Brands has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Auto/Tires/Trucks companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Driven Brands this week, compared to 4 articles on an average week.

Search Interest

3 people have searched for DRVN on MarketBeat in the last 30 days.

MarketBeat Follows

3 people have added Driven Brands to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Driven Brands insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.30% of the stock of Driven Brands is held by insiders.

Percentage Held by Institutions

77.08% of the stock of Driven Brands is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

DRVN Stock Analysis - Frequently Asked Questions

How have DRVN shares performed this year?

Driven Brands' stock was trading at $14.26 at the beginning of the year. Since then, DRVN stock has increased by 10.2% and is now trading at $15.71.
View the best growth stocks for 2024 here.

How were Driven Brands' earnings last quarter?

Driven Brands Holdings Inc. (NASDAQ:DRVN) issued its quarterly earnings data on Thursday, October, 31st. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The firm's revenue for the quarter was up 1.8% on a year-over-year basis.

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?

Top institutional investors of Driven Brands include HG Vora Capital Management LLC (4.60%), North Peak Capital Management LLC (3.23%), Bamco Inc. NY (2.13%) and Janus Henderson Group PLC (1.93%). Insiders that own company stock include Neal K Aronson, Rc Iv Cayman Icw Holdings Llc, Jonathan G Fitzpatrick, Michael G Macaluso and Gary W Ferrera.
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.

What other stocks do shareholders of Driven Brands own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Driven Brands investors own include American Water Works (AWK), The RMR Group (RMR), Waste Connections (WCN), AUO (AUOTY), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 10/31/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/27/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Auto/Tires/Trucks
• Industry: Automotive repair, services & parking
• Sub-Industry: Personal Services
• Current Symbol: NASDAQ:DRVN
• CUSIP: N/A
• CIK: 1804745
• Web: www.drivenbrands.com
• Phone: 704-377-8855
• Fax: N/A
• Employees: 10,600
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $17.86
• High Stock Price Target: $22.00
• Low Stock Price Target: $12.50
• Potential Upside/Downside: +13.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.04
• Trailing P/E Ratio: 392.75
• Forward P/E Ratio: 18.27
• P/E Growth: 1.1
• Net Income: $-744,960,000.00
• Net Margins: 0.27%
• Pretax Margin: 2.49%
• Return on Equity: 14.86%
• Return on Assets: 2.36%

Debt

• Debt-to-Equity Ratio: 2.84
• Current Ratio: 1.90
• Quick Ratio: 1.72

Sales & Book Value

• Annual Sales: $2.33 billion
• Price / Sales: 1.11
• Cash Flow: $6.80 per share
• Price / Cash Flow: 2.31
• Book Value: $5.53 per share
• Price / Book: 2.84

Miscellaneous

• Outstanding Shares: 164,114,000
• Free Float: 160,339,000
• Market Cap: $2.58 billion
• Optionable: Optionable
• Beta: 1.11