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12/07/2023 16:03:00 EST
Driven Brands Holdings Inc (DRVN)
Industry: Auto & Truck Dealerships
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 30 trading days, DRVN has been trading in a range between $13.42 and $10.93 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
DRVN is trading between resistance at $14.88 about 16% to the upside and support at $12.74 -1% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $26.58, about a 107% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Driven Brands Holdings Inc (DRVN) entered a Green zone 17 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 4.250, which is a Strong Buy. The current analyst target price is $23.45, which gives it a potential upside of 82.49 % from the recent price of 12.85. The stock is trading 144.9% (potential upside) below its 52 week high of $31.47 and 21.11 % (potential downside) above its 52 week low of $10.61 - based on the recent price.
Company Summary
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.
News
| Driven Brands to Participate in the Morgan Stanley Global Consumer & Retail Conference CHARLOTTE, N.C. , Nov. 29, 2023 /PRNewswire/ -- Driven Brands Holdings Inc. (NASDAQ: DRVN) ("Driven Brands" or the "company") today announced that it will participate in the Morgan Stanley Global Consumer & Retail Conference in New York. Source: PRNewsWire Wed, 29 Nov 2023 07:30:00 -0500 Sentiment: Neutral |
| Driven Brands: A Stabilizing Quarter Underscores The Value Case, Technical Risks Remain Miles driven numbers are rebounding, indicating a return to work and bullish prospects for Driven Brands. Driven Brands is the largest automotive services company in North America with a diversified business model. The stock is undervalued but faces significant technical risks, with a buy rating overall. Source: Seeking Alpha Tue, 07 Nov 2023 13:07:44 -0500 Sentiment: Positive |
| Driven Brands Holdings Inc. (DRVN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates Although the revenue and EPS for Driven Brands Holdings Inc. (DRVN) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. Source: Zacks Investment Research Wed, 01 Nov 2023 11:19:49 -0400 Sentiment: Positive |
| Driven Brands Holdings Inc. (DRVN) Q3 2023 Earnings Call Transcript Driven Brands Holdings Inc. (NASDAQ:DRVN ) Q3 2023 Earnings Conference Call November 1, 2023 8:30 AM ET Company Participants Joel Arnao - Senior Vice President-Finance Jonathan Fitzpatrick - President & Chief Executive Officer Danny Rivera - Executive Vice President & Chief Operating Officer Gary Ferrera - Executive Vice President & Chief Financial Officer Conference Call Participants Peter Benedict - Baird Seth Sigman - Barclays Simeon Gutman - Morgan Stanley Liz Suzuki - Bank of America Kate McShane - Goldman Sachs Christian Carlino - JPMorgan Peter Keith - Piper Sandler Chris O'Cull - Stifel Operator Good morning. My name is Lara, and I will be your conference operator today. Source: Seeking Alpha Wed, 01 Nov 2023 10:55:20 -0400 Sentiment: Neutral |
| Car wash company Driven Brands rallies in premarket trades on stronger-than-expected revenue and adjusted profit Driven Brands Holdings Inc.'s stock DRVN was up by 11.6% in premarket trades on Wednesday after the car wash operator's adjusted third-quarter profit and revenue beat analyst expectations. Driven Brands said it lost $799.3 million, or $4.83 a share in its third quarter, while in the year-ago period it reported net income of $38.4 million, or 23 cents a share. Source: Market Watch Wed, 01 Nov 2023 08:26:00 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 31.47 52 Week Low: 10.605 Beta: 1.128 50 Day MA: 12.0406 200 Day MA: 21.1766 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.137 Qtr Revenue Growth YOY: 0.125 Forward PE: 11.0988 Trailing PE: 0