Driven Brands (NASDAQ:DRVN – Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.150-1.25 for the period, compared to the consensus EPS estimate of 1.160. The company issued revenue guidance of $2.0 billion-$2.1 billion, compared to the consensus revenue estimate of $2.0 billion.
Driven Brands Trading Up 0.3%
Shares of DRVN opened at $15.13 on Wednesday. The company has a 50-day moving average of $13.44 and a 200 day moving average of $13.77. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 13.51 and a beta of 0.96. Driven Brands has a 1-year low of $9.80 and a 1-year high of $19.74. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.38 and a quick ratio of 1.25.
Driven Brands (NASDAQ:DRVN – Get Free Report) last released its quarterly earnings data on Thursday, June 11th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. Driven Brands had a net margin of 9.08% and a return on equity of 25.70%. The firm had revenue of $484.44 million for the quarter, compared to the consensus estimate of $480.84 million. During the same period last year, the firm earned $0.27 earnings per share. The company’s quarterly revenue was down 6.2% on a year-over-year basis. On average, research analysts expect that Driven Brands will post 1.08 EPS for the current year.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Driven Brands
Institutional Trading of Driven Brands
Institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. grew its holdings in shares of Driven Brands by 82.1% during the second quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock worth $37,000 after buying an additional 941 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Driven Brands by 744.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the company’s stock worth $37,000 after buying an additional 1,854 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Driven Brands by 709.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,490 shares of the company’s stock valued at $149,000 after buying an additional 7,441 shares during the period. Federated Hermes Inc. lifted its stake in shares of Driven Brands by 30.5% in the 4th quarter. Federated Hermes Inc. now owns 8,727 shares of the company’s stock valued at $129,000 after purchasing an additional 2,040 shares during the last quarter. Finally, Amundi acquired a new position in Driven Brands in the fourth quarter valued at about $169,000. 77.08% of the stock is owned by institutional investors and hedge funds.
Driven Brands Company Profile
Driven Brands Holdings Inc (NASDAQ: DRVN) is a leading North American provider of automotive aftermarket services, operating through a network of franchised and company-owned locations. The company’s platform encompasses a diverse portfolio of car care and maintenance brands, including Meineke Car Care Centers, Maaco Collision Repair & Auto Painting, Take 5 Oil Change, and Carstar Collision Repair. Driven Brands delivers a full range of services from routine maintenance and oil changes to collision repair, paint protection, and vehicle customization.
Headquartered in Charlotte, North Carolina, Driven Brands serves both individual consumers and commercial clients across the United States and Canada.
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