Driven Brands (NASDAQ:DRVN) Announces Earnings Results

Driven Brands (NASDAQ:DRVN) posted its quarterly earnings results on Wednesday. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02), Briefing.com reports. Driven Brands had a negative net margin of 9.14% and a positive return on equity of 25.31%. The business had revenue of $457.33 million for the quarter, compared to the consensus estimate of $459.50 million. During the same period in the prior year, the business earned $0.30 earnings per share.

Driven Brands Price Performance

DRVN traded down $0.15 during trading hours on Thursday, hitting $11.45. The company’s stock had a trading volume of 4,535,870 shares, compared to its average volume of 1,400,023. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of -9.23, a P/E/G ratio of 1.21 and a beta of 1.04. The business’s 50-day moving average price is $15.73 and its 200-day moving average price is $15.85. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 2.44. Driven Brands has a 12 month low of $9.80 and a 12 month high of $19.74.

Analyst Ratings Changes

Several brokerages recently issued reports on DRVN. Zacks Research downgraded Driven Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. Morgan Stanley reduced their price objective on shares of Driven Brands from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Driven Brands in a report on Monday, December 29th. Benchmark reaffirmed a “buy” rating on shares of Driven Brands in a research note on Wednesday, December 3rd. Finally, William Blair upgraded shares of Driven Brands from a “market perform” rating to an “outperform” rating in a report on Wednesday, December 3rd. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.56.

Insider Buying and Selling

In other Driven Brands news, insider Scott L. O’melia sold 46,875 shares of Driven Brands stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $16.00, for a total value of $750,000.00. Following the completion of the transaction, the insider directly owned 326,944 shares of the company’s stock, valued at $5,231,104. This trade represents a 12.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 3.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DRVN. Orion Porfolio Solutions LLC lifted its stake in shares of Driven Brands by 460.9% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 81,352 shares of the company’s stock valued at $1,429,000 after purchasing an additional 66,848 shares during the last quarter. Lazard Asset Management LLC lifted its position in Driven Brands by 0.3% in the second quarter. Lazard Asset Management LLC now owns 216,423 shares of the company’s stock worth $3,800,000 after buying an additional 682 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Driven Brands in the second quarter worth $5,676,000. Jane Street Group LLC purchased a new position in Driven Brands during the second quarter worth $710,000. Finally, Quantinno Capital Management LP increased its position in Driven Brands by 49.8% during the second quarter. Quantinno Capital Management LP now owns 162,147 shares of the company’s stock valued at $2,847,000 after acquiring an additional 53,934 shares during the last quarter. Institutional investors own 77.08% of the company’s stock.

More Driven Brands News

Here are the key news stories impacting Driven Brands this week:

• Neutral Sentiment: Quarterly results showed a slight miss: Driven Brands reported $0.30 EPS on $457.3M revenue versus consensus ~$0.32 and $459.5M. This weak but not catastrophic print contributes to caution while management addresses accounting issues. MarketBeat DRVN earnings summary
• Negative Sentiment: The company delayed its fourth‑quarter and full‑year results and said it will restate prior financials — a principal catalyst for the recent selloff and heightened uncertainty about near‑term guidance and reporting integrity. Driven Brands delays results (TipRanks)
• Negative Sentiment: Multiple national law firms have launched securities‑fraud and investor investigations (Rosen, Glancy Prongay, Pomerantz, Ademi, Holzer & Holzer, Faruqi, Halper Sadeh, Rosen, Johnson Fistel, Rosen, others). These probes raise the risk of litigation, potential remediation costs, and management distraction. Pomerantz investor alert
• Negative Sentiment: The stock already reacted sharply to the news: shares plunged dramatically in recent sessions (reports show a ~30% drop after the earnings‑release delay), signaling forced selling and elevated short‑term volatility. High volume increases the risk of continued swings. InsiderMonkey: DRVN nosedives
• Negative Sentiment: News outlets and investor alerts highlight potential inaccuracies in previously issued financial statements; until the restatement and any regulator/law‑firm findings are resolved, valuation and forward projections remain uncertain. Ademi LLP investigation

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.