Driven BrandsDRVN
DRVN
About: Driven Brands Holdings Inc is an automotive services company in North America. Its platform provides high-quality services to an extensive range of retail and commercial customers. The company provides an extensive range of core consumer and commercial automotive needs, including paint, collision, glass, and repair services, as well as a variety of high-frequency services, such as oil changes and car washes.
Employees: 10,600
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
423% more call options, than puts
Call options by funds: $1.98M | Put options by funds: $379K
46% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 26
15% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 48
10% more capital invested
Capital invested by funds: $878M [Q2] → $964M (+$86.6M) [Q3]
7% more funds holding
Funds holding: 158 [Q2] → 169 (+11) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]
0.94% less ownership
Funds ownership: 42.08% [Q2] → 41.14% (-0.94%) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$20
24%
upside
Avg. target
$21
31%
upside
High target
$22
37%
upside
3 analyst ratings
3 positive
100%
0 neutral
0%
0 negative
0%
Stifel Chris O'Cull 65% 1-year accuracy 22 / 34 met price target | 37%upside $22 | Buy Maintained | 14 Nov 2024 |
RBC Capital Steven Shemesh 67% 1-year accuracy 35 / 52 met price target | 24%upside $20 | Outperform Maintained | 1 Nov 2024 |
Canaccord Genuity Brian McNamara 52% 1-year accuracy 23 / 44 met price target | 31%upside $21 | Buy Maintained | 1 Nov 2024 |
Financial journalist opinion
Neutral
GlobeNewsWire
1 week ago
DRIVEN ALERT: Bragar Eagel & Squire, P.C. is Investigating Driven Brands Holdings, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
NEW YORK, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Driven Brands Holdings, Inc. (NASDAQ: DRVN) on behalf of long-term stockholders following a class action complaint that was filed against Driven on December 22, 2023 with a Class Period from October 27, 2021, to August 1, 2023. Our investigation concerns whether the board of directors of Driven have breached their fiduciary duties to the company.
Positive
MarketBeat
1 week ago
Top 2 Auto Maintenance Stocks Gearing Up for 2025
A robust vehicle sales market bodes well for the auto maintenance market since consumers will need to service their cars to keep them operating efficiently. Even during contractions in the auto/tires/trucks sector, maintenance is always a constant.
Neutral
Business Wire
2 months ago
Driven Brands to Participate in the Morgan Stanley Global Consumer & Retail Conference
CHARLOTTE, N.C.--(BUSINESS WIRE)--Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) today announced that it will participate in the Morgan Stanley Global Consumer & Retail Conference in New York. The Company's fireside chat is scheduled to begin at 11:00 a.m. ET on Wednesday, December 4, 2024. The fireside chat will be webcast live from the Company's Investor Relations website at investors.drivenbrands.com on the Events & Presentations page. It will also be a.
Positive
Seeking Alpha
2 months ago
Cautious Optimism Powers Driven Brands Holdings Earnings Drive
Q3 2024 Performance: Revenue at $592 million, 2% growth year-over-year; 15 periods of same-store sales growth. Take 5 Success: Revenue up 14.6% YoY; strong performance with 5.4% increase in comparable sales. Expansion Efforts: Opened 45 new stores in Q3, aiming for 170 more by year-end; plans for 150 new stores annually.
Neutral
Seeking Alpha
2 months ago
Driven Brands Holdings Inc. (DRVN) Q3 2024 Earnings Call Transcript
Driven Brands Holdings Inc. (NASDAQ:DRVN ) Q3 2024 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Joel Arnao - Senior Vice President of Finance, Treasury and Investor Relations Jonathan Fitzpatrick - President and Chief Executive Officer Danny Rivera - Executive Vice President and Chief Operating Officer Mike Diamond - Executive Vice President and Chief Financial Officer Conference Call Participants Peter Benedict - Baird Seth Sigman - Barclays Madison Callinan - Canaccord Genuity Christian Carlino - JPMorgan Peter Keith - Piper Sandler Kate McShane - Goldman Sachs Chris O'Cull - Stifel John Lawrence - Benchmark Operator Good morning, ladies and gentlemen, and welcome to the Driven Brands Inc. Q3 2024 Earnings Conference Call. At this time, all lines are in listen-only mode.
Positive
Zacks Investment Research
2 months ago
Compared to Estimates, Driven Brands Holdings (DRVN) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for Driven Brands Holdings (DRVN) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
2 months ago
Driven Brands Holdings Inc. (DRVN) Q3 Earnings Surpass Estimates
Driven Brands Holdings Inc. (DRVN) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.20 per share a year ago.
Neutral
Business Wire
2 months ago
Driven Brands Holdings Inc. Reports Third Quarter 2024 Results
CHARLOTTE, N.C.--(BUSINESS WIRE)--Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) today reported financial results for the third quarter ending September 28, 2024. For the third quarter, Driven Brands delivered revenue of $592 million, up 2% versus the prior year. System-wide sales were $1.6 billion, up 2% versus the prior year primarily driven by 1.1% same store sales growth and 56 net new units. Net loss was $14.9 million or $0.09 per diluted share versus a net l.
Neutral
Business Wire
3 months ago
Driven Brands Holdings Inc. to Host Third Quarter Earnings Conference Call on October 31, 2024
CHARLOTTE, N.C.--(BUSINESS WIRE)--Driven Brands Holdings Inc. (NASDAQ: DRVN) will release its third quarter 2024 earnings before the market opens on October 31, 2024. Following the release, management will host a conference call at 8:30 a.m. ET to review the company's financial and operating performance. The conference call will be available via live webcast on Driven Brands' Investor Relations webpage at investors.drivenbrands.com. An archived replay of the conference call will be available la.
Positive
The Motley Fool
3 months ago
Interest Rates Are Finally Dropping. Here Are 3 Stocks Ready to Fly.
One home improvement retailer could really benefit if lower interest rates stimulate a sluggish housing market. A company with a focus on automotive services has a steady, profitable business, but it will be able to save some money paying back its heavy debt load as rates come down.
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