Driven Brands Holdings Inc. Q2 2024 Earnings Call Transcript
| DRVN Etf | USD 16.86 0.01 0.06% |
About 54% of Driven Brands' investor base is interested to short. The analysis of overall sentiment of trading Driven Brands Holdings etf suggests that many investors are impartial at this time. Driven Brands' investing sentiment overview a quick insight into current market opportunities from investing in Driven Brands Holdings. Many technical investors use Driven Brands Holdings etf news signals to limit their universe of possible portfolio assets and to time the market correctly.
Driven |
Operator Good morning, ladies and gentlemen, and welcome to the Driven Brands Inc. Q2 2024 earnings call. Operator instructions. This call is being recorded on August 1, 2024.
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Driven Brands Fundamental Analysis
We analyze Driven Brands' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Driven Brands using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Driven Brands based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Book
Price To Book Comparative Analysis
Driven Brands is currently under evaluation in price to book as compared to similar ETFs. Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Driven Brands Holdings Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Driven Brands etf to make a market-neutral strategy. Peer analysis of Driven Brands could also be used in its relative valuation, which is a method of valuing Driven Brands by comparing valuation metrics with similar companies.
Peers
Driven Brands Related Equities
| CARG | CarGurus | 3.24 | ||||
| ACVA | ACV Auctions | 1.43 | ||||
| RUSHB | Rush Enterprises | 1.03 | ||||
| KAR | KAR Auction | 0.80 | ||||
| SAH | Sonic Automotive | 0.72 | ||||
| CARS | Cars | 0.20 | ||||
| KFS | Kingsway Financial | 0.11 | ||||
| AN | AutoNation | 0.24 | ||||
| RUSHA | Rush Enterprises | 0.39 | ||||
| PAG | Penske Automotive | 0.42 | ||||
| KMX | CarMax | 0.59 | ||||
| GPI | Group 1 | 0.97 | ||||
| LAD | Lithia Motors | 1.24 | ||||
| ABG | Asbury Automotive | 1.40 |
Other Information on Investing in Driven Etf
Driven Brands financial ratios help investors to determine whether Driven Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Driven with respect to the benefits of owning Driven Brands security.