Driven Brands (NASDAQ:DRVN) Shares Up 7.9% – Here’s What Happened

Shares of Driven Brands Holdings Inc. (NASDAQ:DRVNGet Free Report) traded up 7.9% on Monday . The company traded as high as $14.07 and last traded at $14.0220. 388,191 shares were traded during trading, a decline of 77% from the average session volume of 1,715,540 shares. The stock had previously closed at $13.00.

Key Headlines Impacting Driven Brands

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

Analyst Upgrades and Downgrades

DRVN has been the subject of a number of research reports. Freedom Capital upgraded Driven Brands to a “strong-buy” rating in a research report on Monday, March 23rd. Robert W. Baird set a $18.00 price target on shares of Driven Brands in a research report on Wednesday. Weiss Ratings restated a “sell (d)” rating on shares of Driven Brands in a report on Friday, March 27th. Zacks Research raised shares of Driven Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 19th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of Driven Brands in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.38.

Get Our Latest Stock Analysis on Driven Brands

Driven Brands Stock Performance

The firm has a 50-day simple moving average of $12.36 and a two-hundred day simple moving average of $14.00. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 2.44. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of -10.67 and a beta of 0.97.

Driven Brands (NASDAQ:DRVNGet Free Report) last posted its earnings results on Tuesday, May 19th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.24 by $0.10. Driven Brands had a negative net margin of 9.14% and a positive return on equity of 25.31%. The company had revenue of $259.60 million during the quarter, compared to the consensus estimate of $454.91 million. Driven Brands has set its FY 2026 guidance at 1.150-1.250 EPS. As a group, sell-side analysts forecast that Driven Brands Holdings Inc. will post 1.14 earnings per share for the current fiscal year.

Institutional Trading of Driven Brands

A number of institutional investors and hedge funds have recently made changes to their positions in DRVN. Vanguard Group Inc. increased its holdings in shares of Driven Brands by 5.2% during the 4th quarter. Vanguard Group Inc. now owns 5,851,225 shares of the company’s stock valued at $86,715,000 after acquiring an additional 288,759 shares during the last quarter. North Peak Capital Management LLC lifted its holdings in Driven Brands by 37.3% in the 4th quarter. North Peak Capital Management LLC now owns 3,990,850 shares of the company’s stock worth $59,144,000 after purchasing an additional 1,083,896 shares during the last quarter. Emeth Value Capital LLC boosted its position in Driven Brands by 17.8% during the fourth quarter. Emeth Value Capital LLC now owns 3,846,166 shares of the company’s stock worth $57,000,000 after purchasing an additional 582,255 shares during the period. Goldman Sachs Group Inc. boosted its position in Driven Brands by 14.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,826,160 shares of the company’s stock worth $56,704,000 after purchasing an additional 491,919 shares during the period. Finally, Boston Partners grew its holdings in Driven Brands by 1,301.0% during the fourth quarter. Boston Partners now owns 3,426,388 shares of the company’s stock valued at $50,783,000 after purchasing an additional 3,181,812 shares during the last quarter. Institutional investors and hedge funds own 77.08% of the company’s stock.

About Driven Brands

(Get Free Report)

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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