Should I buy or sell Driven Brands stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Driven Brands in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research 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 1 year price targets for Driven Brands' shares. Their DRVN share price targets range from $14.00 to $31.00. On average, they expect the company's share price to reach $19.89 in the next twelve months. This suggests a possible upside of 36.1% 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 on January 1st, 2024. Since then, DRVN shares have increased by 2.5% and is now trading at $14.61. View the best growth stocks for 2024 here .

Are investors shorting Driven Brands?

Driven Brands saw a decline in short interest in March. As of March 31st, there was short interest totaling 4,340,000 shares, a decline of 6.9% from the March 15th total of 4,660,000 shares. Based on an average daily trading volume, of 1,080,000 shares, the short-interest ratio is currently 4.0 days. Approximately 7.5% 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, May 1st 2024. View our DRVN earnings forecast .

How were Driven Brands' earnings last quarter?

Driven Brands Holdings Inc. (NASDAQ:DRVN) released its quarterly earnings results on Thursday, February, 22nd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm earned $553.70 million during the quarter, compared to analysts' expectations of $572.92 million. Driven Brands had a positive trailing twelve-month return on equity of 11.00% and a negative net margin of 32.33%. The business's revenue was up 2.6% on a year-over-year basis. During the same period last year, the firm earned $0.22 earnings per share.

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

Driven Brands issued an update on its FY24 earnings guidance on Thursday, February, 22nd. The company provided EPS guidance of $0.88-$1.00 for the period, compared to the consensus estimate of $1.11. The company issued revenue guidance of $2.35-$2.45 billion, compared to the consensus revenue estimate of $2.52 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 a price of $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?

Driven Brands' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Wedmont Private Capital (0.01%) and GAMMA Investing LLC (0.00%). 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 .

NASDAQ:DRVN

Driven Brands (DRVN) Stock Price, News & Analysis

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$14.61

+0.04 (+0.27%)

(As of 02:58 PM ET)

Compare

Today's Range: $14.46
▼
$14.80
50-Day Range: $12.94
▼
$15.79
52-Week Range: $10.60
▼
$31.47

Volume: 339,774 shs
Average Volume: 1.07 million shs
Market Capitalization: $2.40 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $19.89

Get Driven Brands alerts:

Driven Brands MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 36.1% Upside
$19.89 Price Target
Short Interest: Healthy
7.49% of Float Sold Short
Dividend Strength: N/A
Sustainability: -3.04
Upright™ Environmental Score
News Sentiment: 1.46
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 30.34%
From $0.89 to $1.16 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.

4.27 out of 5 stars

Auto/Tires/Trucks Sector

13th out of 77 stocks

Automotive Repair, Services & Parking Industry

1st out of 4 stocks

3.3

Analyst's Opinion

Consensus Rating
Driven Brands has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 6 buy ratings, 4 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Driven Brands has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
7.49% 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 4.
Change versus previous month
Short interest in Driven Brands has recently decreased by 6.87%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Driven Brands does not currently pay a dividend.
Dividend Growth
Driven Brands does not have a long track record of dividend growth.

1.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Driven Brands has received a -42.90% net impact score from Upright. The largest negative impact of Driven Brands in category "GHG emissions" seems to be driven mostly by its "Passenger car repair", "Car washing services", and "Physical retail of auto parts at an auto parts store" products. See details.
Environmental Sustainability
The Environmental Impact score for Driven Brands is -3.04.

2.5

News and Social Media Coverage

News Sentiment
Driven Brands has a news sentiment score of 1.46. 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 0.40 average news sentiment score of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Driven Brands this week, compared to 4 articles on an average week.
Search Interest
Only 2 people have searched for DRVN on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Driven Brands to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

1.7

Company Ownership

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 2.60% 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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Driven Brands are expected to grow by 30.34% in the coming year, from $0.89 to $1.16 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Driven Brands is -3.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Driven Brands is -3.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Driven Brands has a PEG Ratio of 0.89. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Driven Brands has a P/B Ratio of 2.64. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

DRVN Stock News Headlines

April 18, 2024 | americanbankingnews.com

Driven Brands Holdings Inc. (NASDAQ:DRVN) Sees Large Decline in Short Interest

April 8, 2024 | forbes.com

Building A Purpose-Driven Brand: How Values Propel Business Success

April 18, 2024 | Weiss Ratings (Ad)

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April 8, 2024 | americanbankingnews.com

Driven Brands Holdings Inc. (NASDAQ:DRVN) Receives Average Rating of "Moderate Buy" from Analysts

March 20, 2024 | investing.com

Driven Brands target raised to $21 on integration progress

March 19, 2024 | investing.com

Driven Brands Holdings Inc (DRVN)

March 18, 2024 | markets.businessinsider.com

Unveiling 6 Analyst Insights On Driven Brands Hldgs

March 16, 2024 | finance.yahoo.com

DRVN Apr 2024 10.000 call

April 18, 2024 | Weiss Ratings (Ad)

This Little-Known Stock Controls the Future of AI

March 14, 2024 | markets.businessinsider.com

Driven Brands Holdings (DRVN) Strong Buy Rating Amid Auto Services Industry Tailwinds and Strategic Growth

March 5, 2024 | prnewswire.com

Driven Brands to participate in the Bank of America 2024 Consumer & Retail Conference

March 5, 2024 | seekingalpha.com

Driven Brands: I Expect Margin Expansion And Guidance Beat (Rating Upgrade)

February 24, 2024 | finance.yahoo.com

Analysts Have Been Trimming Their Driven Brands Holdings Inc. (NASDAQ:DRVN) Price Target After Its Latest Report

February 23, 2024 | markets.businessinsider.com

Maintaining Hold on Driven Brands Holdings Amid Balanced Risks and Moderate Growth Prospects

February 23, 2024 | finance.yahoo.com

Driven Brands Holdings Inc. (NASDAQ:DRVN) Q4 2023 Earnings Call Transcript

February 23, 2024 | realmoney.thestreet.com

Driven Brands price target lowered by $2 at Goldman Sachs, here's why

February 22, 2024 | markets.businessinsider.com

Driven Brands Holdings Q4 Earnings - Update

February 22, 2024 | msn.com

Driven Brands Non-GAAP EPS of $0.19 in-line, revenue of $553.68M misses by $17.34M

February 22, 2024 | msn.com

Driven Brands' winning streak stalls on downbeat guidance

February 22, 2024 | finance.yahoo.com

Driven Brands Holdings Inc. Reports Fourth Quarter and Fiscal Year 2023 Results

February 22, 2024 | finance.yahoo.com

Driven Brands Holdings Inc (DRVN) Reports Mixed Fiscal Year 2023 Results Amidst Strategic Pivots

February 22, 2024 | prnewswire.com

Driven Brands Holdings Inc. Reports Fourth Quarter and Fiscal Year 2023 Results

February 21, 2024 | msn.com

Driven Brands Q4 2023 Earnings Preview

February 20, 2024 | markets.businessinsider.com

Driven Brands Final Deadline Alert

February 19, 2024 | markets.businessinsider.com

Driven Brands 48 Hour Deadline Alert

February 19, 2024 | finance.yahoo.com

Stay Ahead of the Game With Driven Brands Holdings Inc. (DRVN) Q4 Earnings: Wall Street's Insights on Key Metrics

February 19, 2024 | businesswire.com

DRVN DEADLINE TOMORROW: ROSEN, A LEADING AND RANKED FIRM, Encourages Driven Brands Holdings Inc. Investors to Secure Counsel Before Important February 20 Deadline in Securities Class Action – DRVN

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Company Calendar

Last Earnings: 2/22/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/01/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Auto/Tires/Trucks
Industry: Automotive repair, services & parking
Sub-Industry: N/A
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: $19.89
High Stock Price Target: $31.00
Low Stock Price Target: $14.00
Potential Upside/Downside: +34.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($4.52)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 16.62
P/E Growth: 0.89
Net Income: $-744,960,000.00
Net Margins: -32.33%
Pretax Margin: -36.79%
Return on Equity: 11.00%
Return on Assets: 2.27%

Debt

Debt-to-Equity Ratio: 3.21
Current Ratio: 1.92
Quick Ratio: 1.73

Sales & Book Value

Annual Sales: $2.30 billion
Price / Sales: 1.05
Cash Flow: $7.40 per share
Price / Cash Flow: 2.00
Book Value: $5.53 per share
Price / Book: 2.67

Miscellaneous

Outstanding Shares: 164,100,000
Free Float: 159,833,000
Market Cap: $2.43 billion
Optionable: Optionable
Beta: 1.18

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Key Executives

Mr. Jonathan G. Fitzpatrick (Age 53)
President, CEO & Director
Comp: $2.56M
Mr. Daniel R. Rivera (Age 44)
Executive VP & COO
Comp: $1M
Mr. Scott L. O'Melia (Age 54)
Executive VP, General Counsel & Secretary
Comp: $846.2k
Mr. Michael G. Macaluso (Age 41)
Executive VP and Group President of Paint, Collision & Glass
Comp: $1.3M
Mr. Gary W. Ferrera (Age 61)
Executive VP & CFO
Mr. Michael Beland (Age 52)
Senior VP & Chief Accounting Officer
Mr. Gabriel C. Mendoza (Age 57)
Executive VP & President of Car Wash North America
Comp: $815.73k
Ms. Tracy Ann Gehlan (Age 56)
President of ICWG International
Mr. Kyle L. Marshall (Age 45)
Executive VP & President of Platform Services
Mr. Muhammed Khalid (Age 42)
Executive VP & President of Maintenance

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

DRVN Stock Analysis - Frequently Asked Questions

Should I buy or sell Driven Brands stock right now?: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Driven Brands in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research 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 1 year price targets for Driven Brands' shares. Their DRVN share price targets range from $14.00 to $31.00. On average, they expect the company's share price to reach $19.89 in the next twelve months. This suggests a possible upside of 36.1% 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 on January 1st, 2024. Since then, DRVN shares have increased by 2.5% and is now trading at $14.61.
View the best growth stocks for 2024 here.
Are investors shorting Driven Brands?: Driven Brands saw a decline in short interest in March. As of March 31st, there was short interest totaling 4,340,000 shares, a decline of 6.9% from the March 15th total of 4,660,000 shares. Based on an average daily trading volume, of 1,080,000 shares, the short-interest ratio is currently 4.0 days. Approximately 7.5% 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, May 1st 2024.
View our DRVN earnings forecast.
How were Driven Brands' earnings last quarter?: Driven Brands Holdings Inc. (NASDAQ:DRVN) released its quarterly earnings results on Thursday, February, 22nd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm earned $553.70 million during the quarter, compared to analysts' expectations of $572.92 million. Driven Brands had a positive trailing twelve-month return on equity of 11.00% and a negative net margin of 32.33%. The business's revenue was up 2.6% on a year-over-year basis. During the same period last year, the firm earned $0.22 earnings per share.

What guidance has Driven Brands issued on next quarter's earnings?: Driven Brands issued an update on its FY24 earnings guidance on Thursday, February, 22nd. The company provided EPS guidance of $0.88-$1.00 for the period, compared to the consensus estimate of $1.11. The company issued revenue guidance of $2.35-$2.45 billion, compared to the consensus revenue estimate of $2.52 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 a price of $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?: Driven Brands' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Wedmont Private Capital (0.01%) and GAMMA Investing LLC (0.00%). 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 4/18/2024 by MarketBeat.com Staff

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