Driven Brands Holdings Inc.

DRVN

US26210V1026

Personal Services

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-02 pm EDT			5-day change	1st Jan Change
11.69 ^USD	-20.29%		-18.99%	-18.02%

01:32pm	JPMorgan Downgrades Driven Brands to Neutral From Overweight With $12.50 Price Target	MT
May. 02	Driven Brands Shares Drop After Q1 Revenue Miss, Resignation of CFO Gary Ferrera	MT

Driven Brands Holdings Inc. Reports Earnings Results for the Fourth Quarter Ended December 30, 2023

February 22, 2024 at 06:45 am EST

Driven Brands Holdings Inc. reported earnings results for the fourth quarter ended December 30, 2023. For the fourth quarter, the company reported sales was USD 405.42 million compared to USD 403.58 million a year ago. Revenue was USD 553.68 million compared to USD 539.65 million a year ago.

Net loss was USD 13.15 million compared to net income of USD 27.4 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to basic earnings per share from continuing operations of USD 0.16 a year ago. Diluted loss per share from continuing operations was USD 0.08 compared to diluted earnings per share from continuing operations of USD 0.16 a year ago.

Latest news about Driven Brands Holdings Inc.

JPMorgan Downgrades Driven Brands to Neutral From Overweight With $12.50 Price Target	07:32am	MT
Driven Brands Shares Drop After Q1 Revenue Miss, Resignation of CFO Gary Ferrera	May. 02	MT
Transcript : Driven Brands Holdings Inc., Q1 2024 Earnings Call, May 02, 2024	May. 02
Earnings Flash (DRVN) DRIVEN BRANDS Posts Q1 Adjusted EPS $0.23, vs. Street Est of $0.19	May. 02	MT
(DRVN) DRIVEN BRANDS Sees Fiscal Year 2024 EPS Range $0.88 - $1.00	May. 02	MT
Earnings Flash (DRVN) DRIVEN BRANDS Posts Q1 Revenue $572.2M, vs. Street Est of $584.4M	May. 02	MT
Earnings Flash (DRVN) DRIVEN BRANDS Posts Q1 EPS $0.23, vs. Street Est of $0.19	May. 02	MT
Driven Brands Holdings Inc. Announces Chief Financial Officer Changes	May. 02	CI
Driven Brands Holdings Inc. Appoints Michael Beland as Principal Financial Officer	May. 02	CI
Driven Brands Holdings Inc. Reports Earnings Results for the First Quarter Ended March 30, 2024	May. 02	CI
Driven Brands Holdings Inc. Reaffirms Earnings Guidance for the Fiscal Year 2024	May. 02	CI
North American Morning Briefing : Stock Futures -2-	May. 02	DJ
Match: Autozone vs O'Reilly	Mar. 28
Canaccord Genuity Adjusts Price Target on Driven Brands to $21 From $20, Maintains Buy Rating	Mar. 18	MT
Transcript : Driven Brands Holdings Inc. Presents at Bank of America Consumer & Retail Technology Conference, Mar-12-2024 01:50 PM	Mar. 12
Piper Sandler Adjusts Price Target on Driven Brands Holdings to $18 From $22, Maintains Overweight Rating	Feb. 26	MT
RBC Cuts Price Target on Driven Brands Holdings to $17 From $20, Notes 'Story Will Likely Take Time to Work,' Keeps Outperform Rating	Feb. 26	MT
Canaccord Genuity Trims Price Target on Driven Brands to $20 From $22, Maintains Buy Rating	Feb. 23	MT
Driven Brands' Fiscal Q4 Adjusted Earnings Fall, Revenue Rises; Issues Fiscal 2024 Outlook	Feb. 22	MT
Transcript : Driven Brands Holdings Inc., Q4 2023 Earnings Call, Feb 22, 2024	Feb. 22
(DRVN) DRIVEN BRANDS Forecasts Fiscal Year 2024 EPS Range $0.88 - $1.00	Feb. 22	MT
Earnings Flash (DRVN) DRIVEN BRANDS Reports Q4 Revenue $553.7M, vs. Street Est of $571M	Feb. 22	MT
Driven Brands Holdings Inc. Reports Earnings Results for the Full Year Ended December 30, 2023	Feb. 22	CI
Driven Brands Holdings Inc. Reports Earnings Results for the Fourth Quarter Ended December 30, 2023	Feb. 22	CI
Driven Brands Holdings Inc. Provides Earnings Guidance for the Fiscal Year 2024	Feb. 22	CI

Chart Driven Brands Holdings Inc.

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Company Profile

Driven Brands Holdings Inc. is an automotive services company. Its scaled, diversified platform provides services to a range of retail and commercial customers. Its segments include Maintenance, Car Wash, Paint, Collision & Glass and Platform Services. Its Maintenance segment comprises the Take 5 Oil and Meineke brands. Its Maintenance services include oil changes and other regularly scheduled or as-needed automotive services, including vehicle component repair and replacement. The Car Wash segment services primarily consist of express-style exterior car wash services that utilize an automated conveyor belt to pull vehicles along a track where they are machine washed. The Paint, Collision & Glass segment is primarily composed of the CARSTAR, ABRA, Fix Auto, Maaco, Uniban, and AGN brands and serves both retail and commercial customers. The Platform Services segment is composed of the 1-800 Radiator, PH, Spire Supply, Driven Advantage, and Automotive Training Institute (ATI) businesses.

Sector

Personal Services

Calendar

2024-05-09 - Annual General Meeting

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Ratings for Driven Brands Holdings Inc.

Trading Rating

Investor Rating

ESG Refinitiv

D+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

11.69 USD

Average target price

17.73 USD

Spread / Average Target

+51.64%

Consensus

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Quarterly earnings - Rate of surprise

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