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

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

Driven Brands Price Performance

NASDAQ DRVN traded down $0.10 on Thursday, hitting $16.25. 104,364 shares of the company were exchanged, compared to its average volume of 521,738. Driven Brands has a 1-year low of $10.59 and a 1-year high of $17.45. The firm has a 50 day moving average of $16.00 and a two-hundred day moving average of $15.39. The company has a market cap of $2.67 billion, a P/E ratio of 406.88, a P/E/G ratio of 0.79 and a beta of 1.15. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 2.84.

Analysts Set New Price Targets

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

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.