What Happened?
Shares of automotive services company Driven Brands (NASDAQ: DRVN) jumped 3.4% in the morning session after the company reported second-quarter financial results that beat Wall Street's expectations for revenue and adjusted profit. The automotive services company posted revenue of $551 million. Adjusted earnings per share came in at $0.36, which surpassed analyst estimates. The strong performance marked the company's 18th consecutive quarter of positive same-store sales growth. Driven Brands also reaffirmed its financial outlook for the fiscal year 2025, which fell in line with consensus expectations.
After the initial pop the shares cooled down to $17.35, up 2% from previous close.
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What Is The Market Telling Us
Driven Brands’s shares are not very volatile and have only had 6 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.
Driven Brands is up 8.3% since the beginning of the year, and at $17.35 per share, it is trading close to its 52-week high of $18.47 from May 2025. Investors who bought $1,000 worth of Driven Brands’s shares at the IPO in January 2021 would now be looking at an investment worth $649.87.
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