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

Driven Brands (NASDAQ:DRVN) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.150-1.25 for the period, compared to the consensus earnings per share 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 Price Performance

DRVN opened at $15.13 on Wednesday. The firm has a market capitalization of $2.50 billion, a P/E ratio of 13.51 and a beta of 0.96. The stock has a fifty day moving average of $13.44 and a 200-day moving average of $13.77. 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 has a 12-month low of $9.80 and a 12-month high of $19.74.

Driven Brands (NASDAQ:DRVN) last posted its quarterly earnings results on Thursday, June 11th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.06. The firm had revenue of $484.44 million for the quarter, compared to analyst estimates of $480.84 million. Driven Brands had a return on equity of 25.70% and a net margin of 9.08%.Driven Brands’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 earnings per share. Equities analysts forecast that Driven Brands will post 1.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Zacks Research upgraded Driven Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, March 19th. The Goldman Sachs Group reissued a “neutral” rating and set a $14.75 price objective on shares of Driven Brands in a research report on Wednesday, May 20th. Canaccord Genuity Group set a $18.00 price target on Driven Brands in a research note on Monday, June 8th. Morgan Stanley decreased their target price on Driven Brands from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 20th. Finally, Piper Sandler increased their price target on Driven Brands from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.18.

Institutional Investors Weigh In On Driven Brands

Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in shares of Driven Brands by 14.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,826,160 shares of the company’s stock worth $56,704,000 after acquiring an additional 491,919 shares during the period. Boston Partners raised its position in shares of Driven Brands by 1,301.0% in 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 period. JPMorgan Chase & Co. boosted its holdings in shares of Driven Brands by 2.7% during the 4th quarter. JPMorgan Chase & Co. now owns 3,234,369 shares of the company’s stock worth $47,933,000 after buying an additional 86,281 shares during the period. Janus Henderson Group PLC raised its holdings in Driven Brands by 9.3% in the 4th quarter. Janus Henderson Group PLC now owns 2,477,179 shares of the company’s stock valued at $36,712,000 after acquiring an additional 209,883 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Driven Brands by 19.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,161,642 shares of the company’s stock valued at $32,038,000 after acquiring an additional 354,540 shares during the period. 77.08% of the stock is owned by institutional investors.

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.