<div id="readability-page-1"><p>Driven Brands Holdings Inc. (NASDAQ:DRVN - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $13.58 and last traded at $13.64, with a volume of 1430851 shares changing hands. The stock had previously closed at $14.03.</p><div><p><span></span><span>Get <strong>Driven Brands</strong> alerts:</span></p></div><h2>Analyst Upgrades and Downgrades</h2><ul><li>Top 2 Auto Maintenance Stocks Gearing Up for 2025</li></ul><p>A number of research firms have recently weighed in on DRVN. Zacks Research raised Driven Brands to a &#34;hold&#34; rating in a research note on Friday, August 8th. JPMorgan Chase &amp; Co. dropped their price target on Driven Brands from $23.00 to $21.00 and set an &#34;overweight&#34; rating for the company in a research note on Wednesday, November 12th. Canaccord Genuity Group  reiterated a &#34;buy&#34; rating and set a $24.00 price objective on shares of Driven Brands in a research report on Thursday, September 18th. Piper Sandler dropped their target price on shares of Driven Brands from $22.00 to $19.00 and set an &#34;overweight&#34; rating for the company in a research report on Friday, October 24th. Finally, Wall Street Zen raised shares of Driven Brands from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research note on Saturday, November 8th. Five equities research analysts have rated the stock with a Buy rating, three have assigned  a Hold rating and one  has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of &#34;Hold&#34; and an average price target of $21.22.</p><p><b>Check Out Our Latest Stock Report on DRVN</b></p><h2>Driven Brands Trading Down 2.8%</h2><ul><li>3 Automotive Parts Makers Growing at Double-Digit Rates</li></ul><p>The stock's 50-day moving average price is $15.56 and its 200 day moving average price is $16.89. The company has a debt-to-equity ratio of 2.44, a current ratio of 0.90 and a quick ratio of 0.80. The firm has a market capitalization of $2.24 billion, a PE ratio of -11.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.05. </p><p>Driven Brands (NASDAQ:DRVN - Get Free Report) last announced its quarterly earnings data on Wednesday, March 12th. The company reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $564.12 million for the quarter. Driven Brands had a positive return on equity of 25.31% and a negative net margin of 9.14%. On average, sell-side analysts expect that  Driven Brands Holdings Inc. will post 0.85 EPS for the current fiscal year. </p><h2>Insiders Place Their Bets</h2><ul><li>MarketBeat ‘Stock of the Week’: Driven Brands has road to recovery</li></ul><p>In other Driven Brands news, Director Jonathan G. Fitzpatrick sold 110,000 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $18.05, for a total transaction of $1,985,500.00. Following the transaction, the director directly owned 2,279,453 shares in the company, valued at $41,144,126.65. This represents a 4.60% decrease in their position. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available at the SEC website. 2.30% of the stock is currently owned by company insiders. </p><h2>Hedge Funds Weigh In On Driven Brands</h2><p>A number of hedge funds and other institutional investors have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in  Driven Brands in the first quarter worth approximately $245,000.  Norwood Investment Partners LP purchased a new position in shares of  Driven Brands in the 1st quarter valued at $15,892,000.  Neo Ivy Capital Management bought a new position in shares of  Driven Brands in the 1st quarter worth $1,141,000.  Mackenzie Financial Corp raised its position in shares of  Driven Brands by 69.2% in the 1st quarter. Mackenzie Financial Corp now owns 75,194 shares of the company's stock worth $1,289,000 after acquiring an additional 30,741 shares in the last quarter.  Finally, XTX Topco Ltd purchased a new stake in shares of  Driven Brands during the 1st quarter worth $182,000. 77.08% of the stock is currently owned by institutional investors. </p><h2>About Driven Brands</h2> (Get Free Report)<p>Driven Brands Holdings Inc, together with its subsidiaries, provides automotive services to retail and commercial customers in the United States, Canada, and internationally. It offers various services, such as paint, collision, glass, repair, car wash, oil change, and maintenance services. The company also distributes automotive parts, including radiators, air conditioning components, and exhaust products to automotive repair shops, auto parts stores, body shops, and other auto repair outlets; windshields and glass accessories through a network of distribution centers; and consumable products, such as oil filters and wiper blades, as well as training services to repair and maintenance, and paint and collision shops.</p><h2>See Also</h2><ul><li>Five stocks we like better than Driven Brands</li><li>3 Home Improvement Stocks that Can Upgrade Your Portfolio</li><li>End the Year Strong With These 3 Comeback Champions</li><li>What is Insider Trading? What You Can Learn from Insider Trading</li><li>Down 45% Year-to-Date, Novo Nordisk Ignites a Price War</li><li>How to Know Which Cryptocurrency to Buy: A Guide for Investors</li><li>Institutions Love These 3 Companies, Should You As Well?</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Driven Brands Right Now?</h2><p>Before you consider Driven Brands, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Driven Brands wasn't on the list.</p><p>While Driven Brands currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

DRVN

<p>Driven Brands Holdings Inc. (NASDAQ:DRVN) hit a new 52-week low at $13.58. Analysts have mixed ratings: Zacks Research upgraded to 'hold', JPMorgan Chase & Co. lowered the price target to $21.00, Canaccord Genuity Group reiterated 'buy' with a $24.00 target, Piper Sandler reduced the target to $19.00, and Wall Street Zen upgraded to 'buy'. The stock has an average rating of 'Hold' and a price target of $21.22. The company reported $0.30 EPS for the last quarter with $564.12 million revenue. Insiders and hedge funds have been active in trading shares.</p>

Driven Brands (NASDAQ:DRVN) Reaches New 52-Week Low - Here's What Happened