Driven Brands Holdings Inc. (DRVN) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.19 per share a year ago.
A robust vehicle sales market bodes well for the auto maintenance market since consumers will need to service their cars to keep them operating efficiently. Even during contractions in the auto/tires/trucks sector, maintenance is always a constant.
Q3 2024 Performance: Revenue at $592 million, 2% growth year-over-year; 15 periods of same-store sales growth. Take 5 Success: Revenue up 14.6% YoY; strong performance with 5.4% increase in comparable sales. Expansion Efforts: Opened 45 new stores in Q3, aiming for 170 more by year-end; plans for 150 new stores annually.
Driven Brands Holdings Inc. (NASDAQ:DRVN ) Q3 2024 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Joel Arnao - Senior Vice President of Finance, Treasury and Investor Relations Jonathan Fitzpatrick - President and Chief Executive Officer Danny Rivera - Executive Vice President and Chief Operating Officer Mike Diamond - Executive Vice President and Chief Financial Officer Conference Call Participants Peter Benedict - Baird Seth Sigman - Barclays Madison Callinan - Canaccord Genuity Christian Carlino - JPMorgan Peter Keith - Piper Sandler Kate McShane - Goldman Sachs Chris O'Cull - Stifel John Lawrence - Benchmark Operator Good morning, ladies and gentlemen, and welcome to the Driven Brands Inc. Q3 2024 Earnings Conference Call. At this time, all lines are in listen-only mode.
Although the revenue and EPS for Driven Brands Holdings (DRVN) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Driven Brands Holdings Inc. (DRVN) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.20 per share a year ago.
One home improvement retailer could really benefit if lower interest rates stimulate a sluggish housing market. A company with a focus on automotive services has a steady, profitable business, but it will be able to save some money paying back its heavy debt load as rates come down.
Investors looking for stocks in the Automotive - Original Equipment sector might want to consider either Driven Brands Holdings Inc. (DRVN) or Gentex (GNTX). But which of these two stocks presents investors with the better value opportunity right now?
The consensus price target hints at a 29.6% upside potential for Driven Brands Holdings (DRVN). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
MTH, ULS, KRYS, RCL and DRVN have been added to the Zacks Rank #1 (Strong Buy) List on August 8, 2024.
Driven Brands Holdings Inc. (NASDAQ:DRVN ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Jonathan Fitzpatrick - President and CEO Danny Rivera - EVP and COO Joel Arnao - SVP & Interim CFO Chris Thompson - Senior Director, Treasury, and IR Conference Call Participants Simeon Gutman - Morgan Stanley Justin Kleber - Robert W. Baird Robby Ohmes - Bank of America Seth Sigman - Barclays Madison Callinan - Canaccord Genuity Christian Carlino - J.P.
I stay with my buy rating for DRVN. DRVN's pricing strategy is effective and should lead to better performance in the coming quarters. The hiring of a new CFO removes any lingering uncertainty in the business and stock in my view.