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 $14.57, up 1.18% from the previous day, and has decreased 52.07% in one year. It has overperformed other stocks in the Auto & Truck Dealerships industry by 0.23 percentage points. Driven Brands Holdings stock is currently +37.39% from its 52-week low of $10.61, and -53.7% from its 52-week high of $31.47.
At the moment, there are 163.97M DRVN shares outstanding. The market value of DRVN is $2.39B. In the past 24 hours, 923,125 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 overvalued based on its P/B ratio of 2.64x, relative to Auto & Truck Dealerships industry P/B ratio of 2.26x
You can access additional valuation analysis on DRVN's stock here.
DRVN Financial Health
Positive Financial Indicators:
- DRVN has $177.18M in cash and short term investments. This is enough to cover its annual cash burn of $361.31M.
- 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 2.1% to -32.3% in the past year.
- DRVN has cash burn of 361311000. It does not have enough cash and short-term investments to cover this.
- DRVN has a relatively high debt to equity ratio of 5.52.
- There are more long-term liabilities than short-term assets on the DRVN balance sheet.
- Total DRVN debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy Driven Brands Holdings stock, according to analysts?
Out of 6 Equities analysts who give forecasts on DRVN, the consensus analyst rating on Driven Brands Holdings is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Latest DRVN Analyst Upgrades/Downgrades
Kate McShane, a bottom 6% analyst from Goldman Sachs maintains DRVN with a hold rating and lowers their DRVN price target from $21.00 to $18.00, on Nov 2, 2023.
You can dig deeper into what analysts are saying on the Driven Brands Holdings stock forecast page.
DRVN Momentum
DRVN Revenue
Last year, DRVN revenue was $2.30B. Over the past five year, DRVN's revenue has increased by 36.14% per year. This was faster than the Auto & Truck Dealerships industry average of 17.85%.
Find out more about DRVN's earnings and revenue performance here.
What are DRVN executives and large shareholders up to?
In the past 12 months, insiders at DRVN have bought more shares than they have sold.
Michael Beland, SVP Chief Accounting Officer of DRVN, was the latest DRVN insider to sell. They sold $3,643.78 worth of DRVN stock on Mar 22, 2024.
Dig into more about who owns DRVN shares here.
Does DRVN provide a stable income stream?
No, Driven Brands Holdings doesn't provide an income stream by paying out dividends.
DRVN Social Trading Data
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Make your DRVN buy order
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly fine for most investors. - Limit order: A limit order is an order 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 price, use a limit order.
Click the Open Trade button and eToro will execute the order.
If you need additional info about investing in stocks on eToro, click the helpful video below:
Step 6: Track your DRVN position
Now that you own some shares in DRVN, you'll want to stay up-to-date on your shares.
Start a watchlist to keep track of your DRVN stock.
DRVN Feed
How to Buy Stock in Driven Brands Holdings
To summarize, here are the 6 steps you need to take to buy Driven Brands Holdings stock right now:
- 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 are looking for a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Driven Brands Holdings, add DRVN to your watchlist by clicking the button below.
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