Driven Brands
DRVN

$13.05

1.87%

Market Cap: 2.14B

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

Consumer Discretionary Automotive Repair, Services & Parking

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 11 analysts

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

237% more call options, than puts

Call options by funds: $3.14M | Put options by funds: $931K

42% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 52

15% more capital invested

Capital invested by funds: $821M [Q4 2023] → $944M (+$123M) [Q1 2024]

1.39% more ownership

Funds ownership: 35.1% [Q4 2023] → 36.48% (+1.39%) [Q1 2024]

9% less funds holding

Funds holding: 183 [Q4 2023] → 167 (-16) [Q1 2024]

33% less funds holding in top 10

Funds holding in top 10: 3 [Q4 2023] → 2 (-1) [Q1 2024]

36% less first-time investments, than exits

New positions opened: 29 | Existing positions closed: 45

See Fund Rankings

Research analyst outlook

11 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$12.50

4%

downside

Avg. target

$17.05

31%

upside

High target

$22

69%

upside

11 analyst ratings

8 positive

73%

3 neutral

27%

0 negative

0%

BMO Capital Tristan Thomas-Martin	7%upside $14	Market Perform Initiated	22 Jul 2024
Barclays Seth Sigman	69%upside $22	Overweight Maintained	6 May 2024
Canaccord Genuity Brian McNamara	30%upside $17	Buy Maintained	3 May 2024
Goldman Sachs Kate McShane	7%upside $14	Neutral Maintained	3 May 2024
JP Morgan Christian Carlino	4%downside $12.5	Neutral Downgraded	3 May 2024

See Analyst Rankings

Financial journalist opinion

Driven Brands Holdings Inc. to host second quarter earnings conference call on August 1, 2024

CHARLOTTE, N.C.--(BUSINESS WIRE)--Driven Brands Holdings Inc. (NASDAQ: DRVN) will release its second quarter 2024 earnings before the market opens on August 1, 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 lat.

Driven Brands Holdings Inc. to host second quarter earnings conference call on August 1, 2024

The Portnoy Law Firm Announces Investigation of Driven Brands Holdings Inc. (NASDAQ: DRVN)

Investors can contact the law firm at no cost to learn more about recovering their losses

The Portnoy Law Firm Announces Investigation of Driven Brands Holdings Inc. (NASDAQ: DRVN)

The Portnoy Law Firm Announces Investigation of Driven Brands Holdings Inc. (NASDAQ: DRVN)

Investors can contact the law firm at no cost to learn more about recovering their losses.

The Portnoy Law Firm Announces Investigation of Driven Brands Holdings Inc. (NASDAQ: DRVN)

Driven Brands to Present at the William Blair Growth Stock Conference

CHARLOTTE, N.C.--(BUSINESS WIRE)--Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) today announced that it will present at the William Blair Growth Stock Conference in Chicago. The Company's presentation is scheduled to begin at 10:00 a.m. Central/11:00 a.m. ET on Wednesday, June 5, 2024. The presentation will be webcast live from the Company's Investor Relations website at investors.drivenbrands.com on the Events & Presentations page. It will also be available.

Driven Brands to Present at the William Blair Growth Stock Conference

3 Automotive Parts Makers Growing at Double-Digit Rates

The latest ISM manufacturing PMI index suggests that the turning point for the automotive stock sector is imminent. According to the report, a member of the primary metals industry was quoted as saying that "automotive builds continue at averages but not near maximum outputs.

3 Automotive Parts Makers Growing at Double-Digit Rates

Driven Brands Holdings Inc. (DRVN) Q1 2024 Earnings Call Transcript

Driven Brands Holdings Inc. (NASDAQ:DRVN ) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Joel Arnao - Senior Vice President of FP&A, Treasury and Investor Relations Jonathan Fitzpatrick - President and CEO Gary Ferrera - EVP and CFO Danny Rivera - EVP and COO Conference Call Participants Simeon Gutman - Morgan Stanley Peter Benedict - Baird Robby Ohmes - Bank of America Seth Sigman - Barclays Madison Callinan - Canaccord Genuity Christian Carlino - JPMorgan Kate McShane - Goldman Sachs Chris O'Cull - Stifel Peter Keith - Piper Sandler Operator Good morning. My name is Karina, and I will be your conference operator today.

Driven Brands Holdings Inc. (DRVN) Q1 2024 Earnings Call Transcript

Zacks Investment Research

Driven Brands Holdings Inc. (DRVN) Surpasses Q1 Earnings Estimates

Driven Brands Holdings Inc. (DRVN) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.25 per share a year ago.

Driven Brands Holdings Inc. (DRVN) Surpasses Q1 Earnings Estimates

Driven Brands Holdings Inc. Reports First 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 first quarter ending March 30, 2024. For the first quarter, Driven Brands delivered revenue of $572 million, up 2% versus the prior year. System-wide sales were $1.6 billion, up 7% versus the prior year primarily driven by 0.7% same store sales growth and 144 net new units. Net Income was $4.3 million or $0.03 per diluted share versus $29.7 mil.

Driven Brands Holdings Inc. Reports First Quarter 2024 Results

Driven Brands Holdings Inc. to host first quarter earnings conference call on May 2, 2024

CHARLOTTE, N.C.--(BUSINESS WIRE)--Driven Brands Holdings Inc. (NASDAQ: DRVN) will release its first quarter 2024 earnings before the market opens on May 2, 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 later t.

Driven Brands Holdings Inc. to host first quarter earnings conference call on May 2, 2024

Driven Brands to participate in the Bank of America 2024 Consumer & Retail Conference

CHARLOTTE, N.C. , March 5, 2024 /PRNewswire/ -- Driven Brands Holdings Inc. (NASDAQ: DRVN) ("Driven Brands" or the "Company") today announced that it will participate in the Bank of America 2024 Consumer & Retail Conference in Miami.

Driven Brands to participate in the Bank of America 2024 Consumer & Retail Conference

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