Driven Brands (NASDAQ:DRVN) Releases FY 2026 Earnings Guidance

Driven Brands (NASDAQ:DRVN) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) 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 Stock Performance

DRVN stock opened at $14.82 on Thursday. The company has a market capitalization of $2.44 billion, a P/E ratio of 13.23 and a beta of 0.96. The company has a 50-day simple moving average of $13.49 and a 200 day simple moving average of $13.77. Driven Brands has a fifty-two week low of $9.80 and a fifty-two week high of $19.74. The company has a quick ratio of 1.25, a current ratio of 1.38 and a debt-to-equity ratio of 2.08.

Driven Brands (NASDAQ:DRVN) last released its earnings results on Thursday, June 11th. The company reported $0.30 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $480.84 million. During the same quarter last year, the company earned $0.27 EPS. Driven Brands’s quarterly revenue was down 6.2% on a year-over-year basis. Sell-side analysts predict that Driven Brands will post 1.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Robert W. Baird set a $18.00 price objective on shares of Driven Brands and gave the company an “outperform” rating in a research note on Wednesday, May 20th. Freedom Capital raised Driven Brands to a “strong-buy” rating in a research note on Monday, March 23rd. The Goldman Sachs Group reiterated a “neutral” rating and set a $14.75 price target on shares of Driven Brands in a research report on Wednesday, May 20th. Piper Sandler boosted their price objective on Driven Brands from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 20th. Finally, BMO Capital Markets decreased their target price on Driven Brands from $18.00 to $14.00 and set a “market perform” rating for the company in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.18.

Institutional Investors Weigh In On Driven Brands

A number of institutional investors and hedge funds have recently modified their holdings of DRVN. EverSource Wealth Advisors LLC grew its holdings in shares of Driven Brands by 744.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the company’s stock worth $37,000 after acquiring an additional 1,854 shares during the last quarter. Osaic Holdings Inc. boosted its position in shares of Driven Brands by 82.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock valued at $37,000 after purchasing an additional 941 shares during the period. Federated Hermes Inc. boosted its position 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 period. Tower Research Capital LLC TRC increased its stake in Driven Brands by 709.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,490 shares of the company’s stock worth $149,000 after purchasing an additional 7,441 shares in the last quarter. Finally, Amundi purchased a new position in Driven Brands in the 4th quarter worth about $169,000. Institutional investors and hedge funds own 77.08% of the company’s stock.

About Driven Brands

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.