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

Driven Brands (NASDAQ:DRVN) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.150-1.250 for the period, compared to the consensus EPS estimate of 1.210. 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

Shares of DRVN stock opened at $14.24 on Tuesday. The stock has a 50 day moving average of $12.30 and a two-hundred day moving average of $14.01. 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. The company has a market capitalization of $2.34 billion, a P/E ratio of -11.48 and a beta of 0.97.

Analysts Set New Price Targets

A number of analysts have commented on DRVN shares. The Goldman Sachs Group reiterated a “neutral” rating on shares of Driven Brands in a research report on Wednesday, April 22nd. Zacks Research upgraded Driven Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 19th. Piper Sandler reduced their price objective on Driven Brands from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Driven Brands in a research report on Friday, March 27th. Finally, Freedom Capital upgraded Driven Brands to a “strong-buy” rating in a research report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $19.00.

Hedge Funds Weigh In On Driven Brands

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC lifted its position in shares of Driven Brands by 0.3% during the 2nd 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 period. Mariner LLC lifted its position in shares of Driven Brands by 1.1% during the 4th quarter. Mariner LLC now owns 71,736 shares of the company’s stock worth $1,063,000 after buying an additional 812 shares during the period. Osaic Holdings Inc. lifted its position in shares of Driven Brands by 82.1% during the 2nd quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock worth $37,000 after buying an additional 941 shares during the period. Vident Advisory LLC lifted its position in shares of Driven Brands by 8.0% during the 4th quarter. Vident Advisory LLC now owns 19,620 shares of the company’s stock worth $291,000 after buying an additional 1,458 shares during the period. Finally, Boothbay Fund Management LLC lifted its position in shares of Driven Brands by 2.2% during the 3rd quarter. Boothbay Fund Management LLC now owns 69,315 shares of the company’s stock worth $1,117,000 after buying an additional 1,488 shares during the period. Institutional investors 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.