Driven Brands Holdings Inc. (NASDAQ:DRVN – Get Rating) major shareholder Rc Iv Cayman Icw Holdings Llc sold 2,257,203 shares of the firm's stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $32.19, for a total transaction of $72,659,364.57. Following the completion of the sale, the insider now owns 14,056,415 shares in the company, valued at $452,475,998.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Driven Brands Trading Down 0.6 %

Shares of DRVN traded down $0.21 on Thursday, reaching $33.01. 809,136 shares of the company's stock were exchanged, compared to its average volume of 485,796. The company has a current ratio of 1.14, a quick ratio of 1.02 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $5.53 billion, a P/E ratio of -183.38, a price-to-earnings-growth ratio of 1.54 and a beta of 0.57. The business has a 50 day moving average price of $31.03 and a two-hundred day moving average price of $28.64. Driven Brands Holdings Inc. has a 12 month low of $24.62 and a 12 month high of $35.45.

Driven Brands (NASDAQ:DRVN – Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.06. Driven Brands had a negative net margin of 1.62% and a positive return on equity of 10.64%. The business had revenue of $508.60 million during the quarter, compared to the consensus estimate of $480.37 million. During the same period in the previous year, the firm posted $0.25 earnings per share. Driven Brands's revenue for the quarter was up 35.7% compared to the same quarter last year. Research analysts anticipate that Driven Brands Holdings Inc. will post 1.12 earnings per share for the current year.

Institutional Trading of Driven Brands

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised their target price on Driven Brands from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Monday, August 1st.

About Driven Brands

(Get Rating)

Driven Brands Holdings Inc, together with its subsidiaries, provides automotive services to retail and commercial customers in the United States, Canada, and internationally. The company offers various services, such as paint, collision, glass, vehicle repair, car wash, oil change, and maintenance services.

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