How to Buy Driven Brands Holdings Stock
Driven Brands Holdings Inc
Driven Brands Holdings Inc. , together with its subsidiaries, provides automotive services to retail and commercial customers in the United States, Canada, and internationally.
Driven Brands Holdings stock last closed at $13.71, down 0.66% from the previous day, and has decreased 0.51% in one year. It has overperformed other stocks in the Auto & Truck Dealerships industry by 0.21 percentage points. Driven Brands Holdings stock is currently +29.46% from its 52-week low of $10.59, and -14.31% from its 52-week high of $16.00.
At the moment, there are 164.08M DRVN shares outstanding. The market value of DRVN is $2.25B. In the past 24 hours, 400,718 DRVN shares were traded.
How to Buy Driven Brands Holdings Stock
Wondering how to invest in Driven Brands Holdings stock? Here's how.
- Decide where to buy Driven Brands Holdings stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you choose where to buy Driven Brands Holdings stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Choose your method of payment and add your info.
- Analyze Driven Brands Holdings stock: The Driven Brands Holdings ticker symbol is DRVN. Is Driven Brands Holdings stock a good investment? Should you buy shares of DRVN? How do DRVN's underlying business fundamentals look? Do top analysts think Driven Brands Holdings is a good buy? Why has DRVN's stock price moved recently? (Hint: Our stock market research website can help you understand if DRVN is a good stock to buy).
- Make your DRVN buy order: Decide if you will purchase DRVN shares at the current market price or use a limit order to buy DRVN stock at a particular price.
- Track your DRVN position: Create a watchlist to get live updates on your new investment in Driven Brands Holdings shares.
Step 1: Decide where to buy Driven Brands Holdings stock
You will need a brokerage account to access the NASDAQ market and buy DRVN shares.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Open your brokerage account
Now that you've selected the right brokerage, the next step is to fill out some personal details so you can buy DRVN today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to create your new brokerage account.
- Send your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've opened your account on one of the most highly reviewed stock market apps, you can securely and quickly fund your account:
Check out the video below for more details transferring funds into your new brokerage account.
Step 4: Analyze Driven Brands Holdings stock
After you have identified the best place to buy Driven Brands Holdings stock, it's crucial to research their stock prior to investing, so you actually wrap your head around the risk as well as the upside.
Driven Brands Holdings stock data
Driven Brands Holdings Fundamentals
WallStreetZen was created to help everyday investors do better fundamental analysis quickly.
You can see all of the due diligence checks on DRVN's stock page.
Is DRVN stock overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge DRVN's fair value.
Using relative valuations ratios:
- DRVN could be undervalued based on its P/B ratio of 2.39x, relative to Auto & Truck Dealerships industry P/B ratio of 2.66x
You can access additional valuation analysis on DRVN's stock here.
DRVN Financial Health
Positive Financial Indicators:
- DRVN has $153.23M in cash and short term investments. This is enough to cover its annual cash burn of $204.52M.
- There are more short-term assets than short-term liabilities on the DRVN balance sheet.
Negative Financial Indicators:
- DRVN profit margin has gone down from 6% to -33.6% in the past year.
- DRVN has cash burn of 204519000. It does not have enough cash and short-term investments to cover this.
- DRVN has a relatively high debt to equity ratio of 5.18.
- There are more long-term liabilities than short-term assets on the DRVN balance sheet.
Do analysts think it's a good time to buy Driven Brands Holdings stock
Out of 9 Wall Street analysts who give forecasts on DRVN, the consensus analyst rating on Driven Brands Holdings is a Buy
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
Latest DRVN Analyst Ratings
Tristan Thomas-Martin, a top 38% analyst from BMO Capital initiates coverage on DRVN with a hold rating and announces their DRVN price target of $14.00, on Jul 22, 2024.
Seth Sigman, a bottom 1% analyst from Barclays maintains DRVN with a strong buy rating and lowers their DRVN price target from $25.00 to $22.00, on May 6, 2024.
Brian McNamara, a top 38% analyst from Canaccord Genuity maintains DRVN with a strong buy rating and lowers their DRVN price target from $21.00 to $17.00, on May 3, 2024.
Christian Carlino, a bottom 22% analyst from JP Morgan downgrades DRVN to a hold rating and lowers their DRVN price target from $18.00 to $12.50, on May 3, 2024.
You can dive deeper into what analysts are projecting on the Driven Brands Holdings stock forecast page.
DRVN Momentum
DRVN Growth Numbers
Last year, DRVN revenue was $2.32B. Over the last 3 year, DRVN's revenue has gone up by 94.33% per year. This was faster than the Auto & Truck Dealerships industry average of 21.62%.
You can analyze DRVN's earnings and revenue performance here.
Who is buying/selling DRVN?
In the past 12 months, insiders at DRVN have sold more shares than they have bought.
Joel Arnao, SVP Interim CFO of DRVN, was the latest DRVN insider to sell. They sold $5,078.92 worth of DRVN stock on Aug 8, 2024.
Learn more about who owns DRVN stock here.
Can I get consistent income from DRVN stock?
No, Driven Brands Holdings doesn't provide an income stream by paying out dividends.
DRVN Social Trading Data
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your DRVN buy order
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount, use a limit order.
Click the Open Trade button and your broker will place your order.
If you want more info about investing in stocks on eToro, watch the how to video below:
Step 6: Track your DRVN position
Now that you own some DRVN stock, you'll want to stay up-to-date on your new investment.
Put DRVN on a watchlist to see the latest developments about your DRVN stock.
DRVN Feed
How to Buy Stock in Driven Brands Holdings
To reiterate, here are the 6 steps to buy Driven Brands Holdings stock:
- Decide where to buy Driven Brands Holdings stock
- Open your brokerage account
- Deposit funds into your investment account
- Analyze Driven Brands Holdings stock
- Make your DRVN buy order
- Track your DRVN position
If you need a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get notifications regarding your new investment in Driven Brands Holdings, create a watchlist today.
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