NASDAQ:DRVN

Driven Brands (DRVN) Stock Price, News & Analysis

$11.23
-0.27 (-2.35%)
(As of 05/8/2024 ET)
Today's Range
$11.23
$11.53
50-Day Range
$11.50
$15.79
52-Week Range
$10.59
$28.51
Volume
1.74 million shs
Average Volume
1.24 million shs
Market Capitalization
$1.84 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$17.61

Driven Brands MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
56.8% Upside
$17.61 Price Target
Short Interest
Bearish
8.46% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.04
Upright™ Environmental Score
News Sentiment
0.09mentions of Driven Brands in the last 14 days
Based on 40 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
30.68%
From $0.88 to $1.15 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.

4.46 out of 5 stars

Auto/Tires/Trucks Sector

15th out of 80 stocks

Automotive Repair, Services & Parking Industry

1st out of 4 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

3 Automotive Parts Makers Growing at Double-Digit Rates
The latest ISM manufacturing PMI index suggests that the turning point for the automotive stock sector is imminent. According to the report, a member of the primary metals industry was quoted as saying that "automotive builds continue at averages but not near maximum outputs.
3 Automotive Parts Makers Growing at Double-Digit Rates (DRVN)
With the automotive industry looking to make a comeback this year, three OEM stocks lead the way to deliver double-digit EPS growth and upside.
Protect Your Bank Account Before It’s Too Late
For months I’ve been warning about the federal government’s terrifying new program to control every American’s bank account. It gives them the power to monitor every single transaction …
Driven Brands (NASDAQ:DRVN) PT Lowered to $22.00
Driven Brands (NASDAQ:DRVN) PT Lowered to $14.00
Protect Your Bank Account Before It’s Too Late
For months I’ve been warning about the federal government’s terrifying new program to control every American’s bank account. It gives them the power to monitor every single transaction …
Beyond The Numbers: 8 Analysts Discuss Driven Brands Hldgs Stock
Q1 2024 Driven Brands Holdings Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Today
5/08/2024
Next Earnings (Estimated)
8/07/2024
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
$17.61
High Stock Price Target
$31.00
Low Stock Price Target
$12.50
Potential Upside/Downside
+56.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
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
$6.98 per share
Book Value
$5.53 per share

Miscellaneous

Free Float
160,326,000
Market Cap
$1.84 billion
Optionable
Optionable
Beta
1.19
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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 analysts have issued "buy," "hold," and "sell" ratings for Driven Brands in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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 brokerages have issued 12-month price objectives for Driven Brands' shares. Their DRVN share price targets range from $12.50 to $31.00. On average, they predict the company's stock price to reach $17.61 in the next twelve months. This suggests a possible upside of 56.8% 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 the year. Since then, DRVN shares have decreased by 21.2% and is now trading at $11.23.
View the best growth stocks for 2024 here
.

Are investors shorting Driven Brands?

Driven Brands saw a increase in short interest in April. As of April 15th, there was short interest totaling 4,900,000 shares, an increase of 12.9% from the March 31st total of 4,340,000 shares. Based on an average daily volume of 1,060,000 shares, the days-to-cover ratio is currently 4.6 days. Approximately 8.5% of the shares of the company are short sold.
View Driven Brands' Short Interest
.

When is Driven Brands' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our DRVN earnings forecast
.

How were Driven Brands' earnings last quarter?

Driven Brands Holdings Inc. (NASDAQ:DRVN) announced its quarterly earnings data on Thursday, February, 22nd. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The firm earned $553.70 million during the quarter, compared to analyst estimates of $572.92 million. Driven Brands had a positive trailing twelve-month return on equity of 11.38% and a negative net margin of 33.30%. The business's quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.22 earnings per share.

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

Driven Brands issued an update on its FY 2024 earnings guidance on Friday, May, 3rd. The company provided earnings per share (EPS) guidance of 0.880-1.000 for the period, compared to the consensus earnings per share estimate of 0.950. The company issued revenue guidance of $2.4 billion-$2.5 billion, compared to the consensus revenue estimate of $2.4 billion.

When did Driven Brands IPO?

Driven Brands (DRVN) raised $703 million in an IPO 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 served 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 institutional and retail investors. Top institutional shareholders include TimesSquare Capital Management LLC (0.89%), Swiss National Bank (0.08%), Cambridge Investment Research Advisors Inc. (0.06%), Sei Investments Co. (0.05%), SG Americas Securities LLC (0.02%) and Entropy Technologies LP (0.01%). 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 5/9/2024 by MarketBeat.com Staff

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