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Driven Brands Holdings Inc. (DRVN) 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.
It also distributes automotive parts, including radiators, air conditioning components, and exhaust products to automotive repair shops, auto parts stores, body shops, and other auto repair outlets; windshields and glass accessories through a network of distribution centers; and consumable products, such as oil filters and wiper blades, as well as provides training services to repair and maintenance, and paint and collision shops.
The company sells its products and services under the Take 5 Oil Change, IMO, CARSTAR, ABRA, Fix Auto, Maaco, Meineke, Uniban, 1-800-Radiator & A/C, PH Vitres D'Autos, Spire Supply, and Automotive Training Institute names.
As of December 25, 2021, it operated 4,412 company-operated, franchised, and independently-operated stores.
On July 27th, DRVN reported 2nd Quarter June 2022 earnings of $0.33 per share on revenue of $508.6 million. The consensus earnings estimate was $0.29 per share on revenue of $484.8 million. Revenue grew 35.7% on a year-over-year basis.
The company said it expects 2022 earnings of approximately $1.17 per share on revenue of approximately $2.0 billion. The company's previous guidance was earnings of approximately $1.04 per share on revenue of approximately $1.90 billion.
Shares have formed a bullish "cup and handle" and are expected to move higher from this formation.
Entry Point: $32.00
Trading Range: $24.62 to $34.62
Stop Loss: $30.00
Target Price: $35.45
DRVN closed at $32.40
