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

Driven Brands (NASDAQ:DRVN) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.150-1.250 for the period, compared to the consensus earnings per share 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.

Analyst Upgrades and Downgrades

A number of research firms have commented on DRVN. Royal Bank of Canada upped their price objective on shares of Driven Brands from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Stifel Nicolaus upped their price target on shares of Driven Brands from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Canaccord Genuity Group raised their price objective on shares of Driven Brands from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Three equities research 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 stock. Based on data from MarketBeat, Driven Brands currently has a consensus rating of “Moderate Buy” and an average price target of $18.25.

Driven Brands Stock Up 0.2 %

DRVN stock traded up $0.03 during midday trading on Tuesday, reaching $15.35. The company had a trading volume of 523,230 shares, compared to its average volume of 493,264. Driven Brands has a 1 year low of $10.59 and a 1 year high of $17.45. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 2.84. The company has a market capitalization of $2.52 billion, a P/E ratio of 383.00, a PEG ratio of 0.79 and a beta of 1.15. The company has a 50 day moving average of $16.02 and a two-hundred day moving average of $15.36.

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.