Stifel Reiterates Buy Rating on Driven Brands (DRVN)

Stifel analyst Chris O\'Cull reiterated a Buy rating and $22.00 price target on Driven Brands (NASDAQ: DRVN).

The analyst commented, “We updated our model and re-aligned to the new reporting structure starting from 1Q25. Following the re-segmentation, there are four reportable segments: Take 5, Franchised Brands (over 99% franchised with brands of CARSTAR, Meineke, Maaco, Uniban, 1-800 Radiator and other smaller brands), Car Wash, and Corporate and Other. Our FY25 and FY26 EPS estimates remained unchanged. We also kept our FY25 AEBITDA projection at the mid-point of the guidance (~$520-$550M excluding U.S. car wash business).”

For an analyst ratings summary and ratings history on Driven Brands click here. For more ratings news on Driven Brands click here.

Shares of Driven Brands closed at $17.37 yesterday.

You May Also Be Interested In

• Chevron signed an agreement with Iraq's Basra Oil Company to advance commercial negotiations for West Qurna 2
• Energy Vault Holdings (NRGV) files $300M mixed shelf
• TXNM Energy and Blackstone extend merger deadline to May 2027