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

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

Driven Brands Price Performance

NASDAQ DRVN traded up $0.69 during trading on Wednesday, reaching $16.33. The company’s stock had a trading volume of 536,971 shares, compared to its average volume of 513,339. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.90 and a quick ratio of 1.72. The firm has a fifty day moving average of $15.99 and a 200 day moving average of $15.38. The stock has a market capitalization of $2.68 billion, a PE ratio of 408.08, a P/E/G ratio of 0.79 and a beta of 1.15. Driven Brands has a one year low of $10.59 and a one year high of $17.45.

Wall Street Analyst Weigh In

DRVN has been the subject of several research analyst reports. Piper Sandler boosted their target price on Driven Brands from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday. Stifel Nicolaus boosted their price target on Driven Brands from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. 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 research note on Friday, November 1st. Canaccord Genuity Group upped their target price on Driven Brands from $21.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday. Finally, BMO Capital Markets boosted their target price on shares of Driven Brands from $15.00 to $16.00 and gave the company a “market perform” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.