Insider Selling: Driven Brands (NASDAQ:DRVN) Insider Sells $750,000.00 in Stock

Driven Brands Holdings Inc. (NASDAQ:DRVN) insider Scott O’melia sold 46,875 shares of the stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $16.00, for a total transaction of $750,000.00. Following the completion of the sale, the insider owned 326,944 shares of the company’s stock, valued at approximately $5,231,104. The trade was a 12.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Driven Brands Trading Up 0.1%

Shares of DRVN opened at $16.19 on Monday. Driven Brands Holdings Inc. has a 12-month low of $13.44 and a 12-month high of $19.74. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 2.44. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of -13.06, a P/E/G ratio of 1.15 and a beta of 1.04. The stock’s 50-day moving average price is $14.97 and its 200 day moving average price is $15.99.

Driven Brands (NASDAQ:DRVN) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. Driven Brands had a positive return on equity of 25.31% and a negative net margin of 9.14%.The company had revenue of $535.68 million during the quarter, compared to the consensus estimate of $535.35 million. Driven Brands has set its FY 2025 guidance at 1.230-1.280 EPS. As a group, research analysts predict that Driven Brands Holdings Inc. will post 0.85 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DRVN. Zacks Research cut shares of Driven Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. Weiss Ratings reissued a “sell (d)” rating on shares of Driven Brands in a research note on Monday, December 29th. BTIG Research restated a “buy” rating and set a $21.00 price target on shares of Driven Brands in a research note on Thursday, January 8th. Benchmark reaffirmed a “buy” rating on shares of Driven Brands in a report on Wednesday, December 3rd. Finally, William Blair raised Driven Brands from a “market perform” rating to an “outperform” rating in a report on Wednesday, December 3rd. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Driven Brands presently has an average rating of “Hold” and a consensus target price of $20.80.

Institutional Trading of Driven Brands

Several large investors have recently added to or reduced their stakes in the company. Pullen Investment Management LLC acquired a new stake in shares of Driven Brands during the fourth quarter worth approximately $1,199,000. SG Americas Securities LLC raised its position in Driven Brands by 513.0% in the 4th quarter. SG Americas Securities LLC now owns 116,957 shares of the company’s stock valued at $1,733,000 after purchasing an additional 97,879 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Driven Brands by 37.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,886 shares of the company’s stock valued at $208,000 after purchasing an additional 3,798 shares during the last quarter. Emeth Value Capital LLC boosted its stake in Driven Brands by 17.8% in 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 in the last quarter. Finally, Tudor Investment Corp ET AL grew its holdings in shares of Driven Brands by 63.2% during the third quarter. Tudor Investment Corp ET AL now owns 155,000 shares of the company’s stock worth $2,497,000 after purchasing an additional 60,000 shares during the last quarter. 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.