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Driven Brands Holdings Inc

Driven Brands Holdings Inc. provides automotive services to retail and commercial customers in the United States and Canada through its subsidiaries. It operates in three segments: Take 5, Franchise Brands, and Auto Glass Now. Its services include paint, collision, glass, repair, and oil changes, as well as maintenance such as differential fluid exchanges, coolant services, and air and cabin filters, plus auto glass and windshield replacement, repair, and calibration. The company also distributes automotive parts such as radiators, air conditioning components, and exhaust products to repair shops, parts stores, body shops, and other outlets, and offers training services to repair, maintenance, paint, and collision shops. Its brands include ABRA, CARSTAR, MAACO, Meineke Car Care Centers, PH Vitres D'Auto, Take 5 Oil Change, Auto Glass Now, Fix Auto, 1-800-Radiator & A/C, Uniban, and Automotive Training Institute. Founded in 1972, it is headquartered in Charlotte, North Carolina.

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ADW Capital Urges Driven Brands Sale Review and Governance Changes

ADW Capital Management has sent a public letter criticizing Driven Brands Holdings' board for rejecting its all-cash US$18.00 per share offer and urging an immediate strategic review, including a potential sale of the whole company or individual segments. The activist investor accused the board of delayed financial filings, damaged credibility, and weak engagement with potential buyers, putting corporate governance and shareholder rights at the center of Driven Brands' story. On August 6, 2026, Driven Brands reaffirmed full year 2026 revenue guidance of US$1.95 billion to US$2.05 billion, signaling consistency on the operational outlook even as ADW questions the board's credibility and engagement on a potential sale. The tension between a public sale process and sticking to existing guidance sits at the heart of the short term story for investors.
Simply Wall St·33dRead more →
DRVN

Driven Brands Q2 Earnings Show Mixed Results, Full-Year Guidance Tilted to Low End

Driven Brands reported mixed second-quarter results with systemwide sales rising 4.9% to $1.6 billion and revenue up 6.8% to $507.4 million, while management said full-year results are expected near the lower end of guidance due to weaker lower-income consumer demand and higher oil-related costs. Consolidated same-store sales grew 1.4%, and the company added 42 net new locations, ending the quarter with more than 4,300 locations. Take 5 Oil Change remained the key growth engine, posting its 24th consecutive quarter of same-store sales growth, a 13% increase in systemwide sales, and 50 net new locations, with an approximately 800-unit development pipeline and a long-term goal of more than 2,500 locations. Adjusted EBITDA declined to $107 million including restatement costs, but rose 3.4% excluding those charges, while leverage improved to 3.1 times with a target of 3 times by the end of 2026. The board also unanimously rejected an acquisition proposal from ADW, calling it highly conditional and significantly undervaluing the company.
MarketBeat·43dRead more →
DRVN

Kuehn Law Investigates Driven Brands Holdings Officers and Directors for Breach of Fiduciary Duties

Kuehn Law, PLLC is investigating whether certain officers and directors of Driven Brands Holdings Inc. breached their fiduciary duties to shareholders. The investigation follows a federal securities lawsuit alleging that Driven Brands concealed material weaknesses in its internal controls over financial reporting, leading to inaccurate reporting of key financial metrics for nearly three years. According to the lawsuit, the company misled investors about its operational and financial stability due to materially misstated financial statements from fiscal year 2023 through the first three quarters of fiscal year 2025. Shareholders who owned DRVN and purchased prior to May 9, 2023 are encouraged to contact the law firm.
GlobeNewswire·53dRead more →