Driven Brands Hldgs Azioni (NASDAQ: DRVN)

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Driven Brands Hldgs

Driven Brands Holdings Inc is an automotive services company in North America. Its platform provides high-quality services to an extensive range of retail and commercial customers. The company provides an extensive range of core consumer and commercial automotive needs, including paint, collision, glass, and repair services, as well as a variety of high-frequency services, such as oil changes and car washes.

Driven Brands Holdings

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Driven Brands Holdings Inc. - Common Stock

Driven Brands Holdings Inc

HC Wainwright &amp; Co. analyst Mitchell Kapoor maintains Century Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPSC#NASDAQ">IPSC</a>) with a Buy and lowers the price target from $9 to $5.

News

Price Target

Analyst Ratings

IPSC

HC Wainwright & Co. Maintains Buy on Century Therapeutics, Lowers Price Target to $5

Wipro Announced A Strategic Partnership With Relex Solutions, A Provider Of Unified Supply Chain And Retail Planning Solutions

Election 2024 Update: Donald Trump <a target="_blank" href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election" rel="noreferrer noopener">won the 2024 election</a> over his Democratic rival Kamala Harris, the Associated Press declared. In his victory speech before the election was officially called, he praised running mate JD Vance and Elon Musk&#8217;s support.
Calling it &#8220;the greatest political movement,&#8221; Trump vowed to &#8220;fix everything about our country.&#8221;
On Tuesday, November 5th, U.S. markets closed higher, led by broad gains across sectors, as economic data signaled resilience in the services sector. Investors remain wary, however, with volatility anticipated due to the tight presidential race between Trump and Harris, which will impact both bond and currency markets.
In economic data, the September U.S. trade deficit expanded to $84.4 billion, marking its highest level since April 2022 and exceeding market expectations of $84.1 billion. ISM services PMI climbed to 56 in October, its strongest level since August 2022.
The S&amp;P 500 majority sectors ended in positive territory, led by notable gains in consumer discretionary, industrial, and utilities stocks.
The Dow Jones Industrial Average gained 1.02% to close at 42,221.88, the S&amp;P 500 rose 1.23% to 5,782.76, and the Nasdaq Composite climbed 1.43% to finish at 18,439.17.
Asia Markets Today
<ul>
<li>On Wednesday, Japan&#8217;s Nikkei 225 gained 2.16% and ended the session at 39,428.50, led by gains in the Glass, Transportation Equipment, and Banking sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 rose 0.83% and ended the day at 8,199.50, led by gains in the IT, Financials and Consumer Discretionary sectors.</li>
<li>India&#8217;s Nifty 50 traded higher by 1.16% at 24,493.90 and Nifty 500 was up 1.61% at 23,043.90, led by gains in the Technology, Oil &amp; Gas and Capital Goods sectors.</li>
<li>China&#8217;s Shanghai Composite declined 0.09% to close at 3,383.81, and the Shenzhen CSI 300 slid 0.50%, finishing the day at 4,024.28.</li>
<li>Hong Kong&#8217;s Hang Seng fell 2.23% and closed the session at 20,538.38.</li>
<li>China&#8217;s markets fell as Trump&#8217;s U.S. election victory raised concerns about renewed trade and tech tensions. Investors remain cautious, hedging against potential tariffs and sanctions affecting Chinese assets.</li>
</ul>
Eurozone at 05.30 AM ET
<ul>
<li>The European STOXX 50 index was up 1.06%.</li>
<li>Germany&#8217;s DAX gained 1.18%.</li>
<li>France&#8217;s CAC rose 1.75%.</li>
<li>U.K.&#8217;s FTSE 100 index traded higher by 1.42%.</li>
</ul>
Commodities at 6.00 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 1.17% at $71.11/bbl, and Brent was down 1.28% at $74.60/bbl.</li>
<li>Oil prices dropped as the dollar surged amid Trump&#8217;s projected election win and a larger-than-expected U.S. crude stock rise.</li>
<li>Natural Gas rose 0.11% to $2.673</li>
<li>Gold was trading lower by 0.55% at $2,734.40, Silver fell 1.30% to $32.350 and Copper slipped 2.68% to $4.3558.</li>
</ul>
U.S. Futures at 6.00 AM ET
Dow futures climbed 2.87%, with S&amp;P 500 futures up 2.29% and Nasdaq 100 futures rising 1.75%.
Forex at 6.00 AM ET
<ul>
<li>The U.S. dollar index gained 1.38% to 104.85, the USD/JPY rose 1.58% to 154.10, and the USD/AUD rose 0.74% to 1.5176.</li>
<li>U.S. and European <a href="https://www.benzinga.com/news/24/11/41763731/bitcoin-past-73k-dollar-gold-stock-futures-rise-as-trump-harris-results-trickle-in" target="_blank" rel="noreferrer noopener">stock futures, the dollar, and bitcoin surged</a> after Trump&#8217;s projected election victory, stirring inflation concerns and lifting Treasury.</li>
</ul>
Photo courtesy: Shutterstock

Asia

Emerging Markets

Eurozone

Futures

Commodities

Forex

Markets

ADIV

AGOV

ASHR

BBEU

BOIL

CQQQ

PowerShares DBmmodity Index Optimum Yield Diversified Fund

EEMA

FLAX

CurrencyShares British Pound Sterling Trust

IEMG

IEUR

KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

KDIV

SPEM

USDU

PowerShares DB US Dollar Index Bullish Fund

Donald Trump Wins 47th Presidency -US Futures Up, Europe Up, Asia Mixed, Crude Falls And Dollar Strengthens

Stifel analyst Mark Astrachan maintains Freshpet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>) with a Buy and raises the price target from $155 to $165.

FRPT

Stifel Maintains Buy on Freshpet, Raises Price Target to $165

Earnings

SK Telecom Co Q3 Sales $3.34B Down From $3.35B YoY

Oppenheimer analyst Rick Schafer maintains NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Outperform and lowers the price target from $330 to $300.

NXPI

Oppenheimer Maintains Outperform on NXP Semiconductors, Lowers Price Target to $300

FREYR Battery (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FREY#NYSE">FREY</a>) reported quarterly losses of $(0.20) per share which missed the analyst consensus estimate of $(0.18) by 11.11 percent.

Earnings Misses

FREY

FREYR Battery Q3 2024 GAAP EPS $(0.20) Misses $(0.18) Estimate

HC Wainwright &amp; Co. analyst Andrew Fein reiterates Stoke Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STOK#NASDAQ">STOK</a>) with a Buy and maintains $35 price target.

Reiteration

STOK

HC Wainwright & Co. Reiterates Buy on Stoke Therapeutics, Maintains $35 Price Target

WIIM

PACS

PACS Group shares are trading lower after the company announced postponement of Q3 results and disclosure on civil investigative demands from the federal government.

Guidance

Freyr Provides 2025 EBITDA Guidance Of $75M - $125M, Expects To Exit 2025 At Full-year Run Rate EBITDA Of $175M - $225M

Freyr Battery Announced An Agreement To Acquire The U.S. Solar Manufacturing Assets Of Trina Solar Co Ltd. For Total Consideration Of $340M

National Vision Holdings Reiterates FY24 Outlook: Sees Revenues Of $1.820B-$1.840B Vs. $1.840B Estimate, With Adjusted EPS Of $0.45 - $0.50 Vs. $0.48 Estimate

Katapult Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KPLT#NASDAQ">KPLT</a>) sees Q4 sales to be up 5 to 7% year-over-year.

KPLT

Katapult Holdings Sees 5 to 7% year-over-year increase in revenue for Q4.

PACS Group Preliminary Q3 Total Facilities Occupancy 90.5%, Expects To Have Ended Quarter With More Than $600M Of Cash And Available Liquidity

2024 EARNINGS GUIDANCE
LXP now estimates that its net income attributable to common shareholders for the year ended December 31, 2024 will be within an expected range of $0.14 to $0.15 per diluted common share. LXP is tightening its estimated Adjusted Company FFO for the year ended December 31, 2024, to be within an expected range of $0.63 to $0.64 per diluted common share. This guidance is forward looking, excludes the impact of certain items and is based on current expectations.

LXP Industrial Trust Narrows FY24 AFFO Guidance from $0.62-$0.65 to $0.63-$0.64 vs $0.63 Est

PACS Group Reveals Postponement Of Release Of Q3 Results; Says It Received Civil Investigative Demands From Federal Government Regarding Reimbursement And Referral Practices

LXP Industrial Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXP#NYSE">LXP</a>) reported quarterly earnings of $0.16 per share which met the analyst consensus estimate. This is a 11.11 percent decrease over earnings of $0.18 per share from the same period last year. The company reported quarterly sales of $85.57 million which beat the analyst consensus estimate of $84.98 million by 0.69 percent. This is a 0.17 percent increase over sales of $85.42 million the same period last year.

Earnings Beats

LXP Industrial Trust Q3 AFFO $0.16, Inline, Sales $85.57M Beat $84.98M Estimate

Needham analyst Gil Blum reiterates Nurix Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRIX#NASDAQ">NRIX</a>) with a Buy and maintains $29 price target.

NRIX

Needham Reiterates Buy on Nurix Therapeutics, Maintains $29 Price Target

Contracts

Tutor Perini, In A Joint Venture With O&G Industries, Has Been Identified As The Apparent Selected Proposer By The New York City Department Of Design And Construction For The New Manhattan Jail Facility

Needham analyst Quinn Bolton maintains Microchip Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) with a Buy and lowers the price target from $96 to $85.

MCHP

Needham Maintains Buy on Microchip Technology, Lowers Price Target to $85

Notable companies reporting before tomorrow's open, with earnings consensus, include Mastercard (MA), consensus $3.74… Merck (MRK), consensus $1.51...

Notable companies reporting before tomorrow's open

Driven Brands Non-GAAP EPS of $0.26 beats by $0.04, revenue of $591.68M misses by $6.79M

Reports Q3 revenue $591.68M, consensus $598.44M. "We are proud to report our 15th consecutive quarter of same store sales growth, a testament to th...

Driven Brands reports Q3 adjusted EPS 26c, consensus 22c

Backs FY24 revenue view $2.35B-$2.45B, consensus $2.36B. Backs FY24 adjusted EBITDA view $535M-$565M. The company said, "The Company is re-affirmin...

Driven Brands backs FY24 adjusted EPS view 88c-$1.00, consensus $1.02

Barclays analyst Seth Sigman assigned a Buy rating to Driven Brands Holdings (DRVN – Research Report) today and set a price target of $22.00. The c...

Barclays Releases a Buy Rating on Driven Brands Holdings (DRVN)

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Norwegian Cruise Line (NCLH – Research Report), Kontoor Br...

Analysts Offer Insights on Consumer Cyclical Companies: Norwegian Cruise Line (NCLH), Kontoor Brands (KTB) and Driven Brands Holdings (DRVN)

RBC Capital raised the firm's price target on Driven Brands (DRVN) to $20 from $17 and keeps an Outperform rating on the shares after its Q3 earnin...

Driven Brands price target raised to $20 from $17 at RBC Capital

BofA analyst Elizabeth Suzuki raised the firm's price target on Driven Brands (DRVN) to $18 from $16 and keeps a Buy rating on the shares after the...

Driven Brands price target raised to $18 from $16 at BofA

Driven Brands Holdings Inc. (DRVN) Q3 2024 Earnings Call Transcript

Cautious Optimism Powers Driven Brands Holdings Earnings Drive

CMCSA

DRVN

MBLY

NCLH

RBLX

REGN

UBER

Press Releases

Driven Brands Holdings Inc. to host second quarter earnings conference call on August 1, 2024

Driven Brands Closes $275 Million Securitization Issuance to Refinance Existing Debt

Driven Brands Holdings Inc. Reports Second Quarter 2024 Results

Driven Brands Appoints Michael Diamond as Chief Financial Officer

Kian-Backed PARC Auto Becomes Largest Meineke Franchisee, Expands Executive Team and Enters New Markets

Driven Brands to Participate in the Goldman Sachs Global Retailing Conference

Driven Brands Announces the Sale of its Canadian Distribution Business

Kaskela Law LLC Announces Shareholder Investigation of Driven Brands Holdings, Inc. (NASDAQ: DRVN) and Encourages Long-Term DRVN Shareholders to Contact the Firm

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