Driven Brands Holdings Inc. provides automotive services to retail and commercial customers in North America and internationally. It operates through Maintenance; Car Wash, Paint, Collision & Glass; and Platform Services segments. The company offers various services, such as paint, collision, refinishing, glass, vehicle repair, oil change, maintenance, and car wash services. It also distributes a range of automotive parts, including radiators, air conditioning components, and exhaust products to automotive repair shops, auto parts stores, body shops, and other auto repair outlets, as well as offers automotive training services. As of December 26, 2020, it operated 4,227 company-operated, franchised, and independently-operated stores under the Take 5 Oil Change, Meineke Car Care Centers, MAACO, CARSTAR, 1-800-Radiator & A/C, ABRA, Fix Auto, and Uniban brand names. Driven Brands Holdings Inc. was founded in 1972 and is headquartered in Charlotte, North Carolina.
IPO Year: 2021
Exchange: NASDAQ
Website: drivenbrands.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/22/2024 | $14.00 | Market Perform | BMO Capital Markets |
| 5/3/2024 | $18.00 → $12.50 | Overweight → Neutral | JP Morgan |
| 2/20/2024 | $19.00 → $18.00 | Overweight | JP Morgan |
| 1/16/2024 | $22.00 → $14.00 | Overweight → Equal-Weight | Morgan Stanley |
| 8/2/2023 | Outperform → Mkt Perform | William Blair | |
| 3/30/2023 | $41.00 | Buy | Canaccord Genuity |
| 2/8/2023 | $35.00 | Overweight | Barclays |
| 1/27/2023 | $40.00 | Buy | The Benchmark Company |
| 12/20/2022 | $31.00 | Neutral | Credit Suisse |
| 12/6/2022 | $37.00 | Outperform | RBC Capital Mkts |
4 - Driven Brands Holdings Inc. (0001804745) (Issuer)
4 - Driven Brands Holdings Inc. (0001804745) (Issuer)
4 - Driven Brands Holdings Inc. (0001804745) (Issuer)
4 - Driven Brands Holdings Inc. (0001804745) (Issuer)
4 - Driven Brands Holdings Inc. (0001804745) (Issuer)
4 - Driven Brands Holdings Inc. (0001804745) (Issuer)
4 - Driven Brands Holdings Inc. (0001804745) (Issuer)
4 - Driven Brands Holdings Inc. (0001804745) (Issuer)
4 - Driven Brands Holdings Inc. (0001804745) (Issuer)
4 - Driven Brands Holdings Inc. (0001804745) (Issuer)
Driven Brands Holdings Inc. (NASDAQ:DRVN) ("Driven Brands" or the "Company") today announced a change in its segment reporting, which is effective the first quarter of 2025. "Our re-aligned reporting structure better reflects how we view our operations and manage the company, providing important insights into the drivers of value creation. A key highlight is that Take 5 Oil Change is now a stand-alone segment, showcasing the strength of our flagship growth driver," said Mike Diamond, Executive Vice President and Chief Financial Officer. "Additionally, we have consolidated our stable franchise businesses into one segment. This new segment reporting structure underscores our business model:
Driven Brands Holdings Inc. (NASDAQ:DRVN) ("Driven Brands" or the "Company") today announced that it will participate in the Bank of America 2025 Consumer & Retail Conference in Miami. The Company's fireside chat is scheduled to begin at 9:40 a.m. ET on Tuesday, March 11, 2025. The fireside chat will be webcast live from the Company's Investor Relations website at investors.drivenbrands.com on the Events & Presentations page. It will also be available for replay on the Company's Investor Relations site for at least 30 days. About Driven Brands Driven Brands™, headquartered in Charlotte, NC, is the largest automotive services company in North America, providing a range of consumer and
--Fiscal 2024 Revenue increased 2% powered by 1% same store sales growth and 4% net store growth-- --16th consecutive quarter of same store sales growth-- --Take 5 Oil Change delivers full year revenue growth of 16% and same store sales growth of 7%-- --Announces definitive agreement to sell U.S. car wash business-- --Announces CEO transition-- --Issues fiscal year 2025 outlook excluding U.S. car wash-- Driven Brands Holdings Inc. (NASDAQ:DRVN) ("Driven Brands" or the "Company") today reported financial results for the fourth quarter and fiscal year ending December 28, 2024. For fiscal year 2024, Driven Brands delivered revenue of $2.3 billion, an increase of 2% versus the pri
Chief Operating Officer Daniel Rivera to Become President and Chief Executive Officer on May 9, 2025 Jonathan Fitzpatrick Stepping Down as President and CEO; Will Continue Serving on the Board of Directors as Non-Executive Chair and Serve as Senior Advisor Driven Brands Holdings Inc. (NASDAQ:DRVN) ("Driven Brands" or the "Company") today announced that its Board of Directors has named Chief Operating Officer Daniel Rivera as President and Chief Executive Officer and has appointed him to the Board, effective May 9, 2025. On February 24, 2025, Jonathan Fitzpatrick, who has served as Driven Brands' President and CEO since 2012, notified the Board of his intent to step down as President and
Driven Brands Holdings Inc. (NASDAQ:DRVN) ("Driven Brands" or the "Company"), the largest automotive services company in North America, today announced that it has entered into a definitive agreement to sell its U.S. car wash business to Express Wash Operations, LLC dba Whistle Express Car Wash ("Whistle") for $385 million. "This transaction will enable Driven Brands to reduce debt and enhance our focus on our growing Take 5 Oil Change® brand and our stable, cash-generating franchise brands," said Jonathan Fitzpatrick, President and Chief Executive Officer. "This decision follows a deliberate and thoughtful strategic review of value-maximizing options for the U.S. car wash business, and w
Driven Brands Holdings Inc. (NASDAQ:DRVN) will release its fourth quarter and year-end 2024 earnings before the market opens on February 25, 2025. Following the release, management will host a conference call at 8:30 a.m. ET to review the Company's financial and operating performance. The call will be available by webcast and can be accessed by visiting the Company's Investor Relations website at investors.drivenbrands.com. A replay of the call will be available for at least three months. About Driven Brands Driven Brands™, headquartered in Charlotte, NC, is the largest automotive services company in North America, providing a range of consumer and commercial automotive needs, includi
Driven Brands Holdings Inc. (NASDAQ:DRVN) ("Driven Brands" or the "Company") today announced that it will participate in the Morgan Stanley Global Consumer & Retail Conference in New York. The Company's fireside chat is scheduled to begin at 11:00 a.m. ET on Wednesday, December 4, 2024. The fireside chat will be webcast live from the Company's Investor Relations website at investors.drivenbrands.com on the Events & Presentations page. It will also be available for replay on the Company's Investor Relations site for at least 30 days. About Driven Brands Driven Brands™, headquartered in Charlotte, NC, is the largest automotive services company in North America, providing a range of cons
--15th consecutive quarter of same store sales growth-- --Take 5 Oil Change delivers 15% revenue growth and 5% same store sales growth-- --Net Loss of $15 million and Adjusted EBITDA of $139 million-- --Re-affirms FY24 Revenue, Adj. EBITDA and Adj. EPS outlook excluding disposition-- Driven Brands Holdings Inc. (NASDAQ:DRVN) ("Driven Brands" or the "Company") today reported financial results for the third quarter ending September 28, 2024. For the third quarter, Driven Brands delivered revenue of $592 million, up 2% versus the prior year. System-wide sales were $1.6 billion, up 2% versus the prior year primarily driven by 1.1% same store sales growth and 56 net new units. Net loss was
Driven Brands Holdings Inc. (NASDAQ:DRVN) will release its third quarter 2024 earnings before the market opens on October 31, 2024. Following the release, management will host a conference call at 8:30 a.m. ET to review the company's financial and operating performance. The conference call will be available via live webcast on Driven Brands' Investor Relations webpage at investors.drivenbrands.com. An archived replay of the conference call will be available later the same day until at least February 28, 2025, through the company's Investor Relations webpage. About Driven Brands Driven Brands™, headquartered in Charlotte, NC, is the largest automotive services company in North America, pr
Driven Brands Holdings Inc. (NASDAQ:DRVN) ("Driven Brands" or the "Company"), the largest automotive services company in North America, today announced the sale of its Canadian distribution business, primarily operated under the PH Vitres d'Auto brand ("PH"), to PGW Auto Glass, a leading North American glass distributor, effective August 31, 2024. Terms of the transaction are not being disclosed. The Canadian distribution business was reported in the Company's Platform Services segment. Net proceeds from the transaction generally will be used to pay down debt. The sale is expected to have minimal impact on the Company's fiscal year 2024 outlook. The Company will provide further details on
8-K/A - Driven Brands Holdings Inc. (0001804745) (Filer)
8-K - Driven Brands Holdings Inc. (0001804745) (Filer)
8-K - Driven Brands Holdings Inc. (0001804745) (Filer)
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10-K - Driven Brands Holdings Inc. (0001804745) (Filer)
8-K - Driven Brands Holdings Inc. (0001804745) (Filer)
8-K - Driven Brands Holdings Inc. (0001804745) (Filer)
8-K/A - Driven Brands Holdings Inc. (0001804745) (Filer)
8-K - Driven Brands Holdings Inc. (0001804745) (Filer)
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SC 13G - Driven Brands Holdings Inc. (0001804745) (Subject)
--Fiscal 2024 Revenue increased 2% powered by 1% same store sales growth and 4% net store growth-- --16th consecutive quarter of same store sales growth-- --Take 5 Oil Change delivers full year revenue growth of 16% and same store sales growth of 7%-- --Announces definitive agreement to sell U.S. car wash business-- --Announces CEO transition-- --Issues fiscal year 2025 outlook excluding U.S. car wash-- Driven Brands Holdings Inc. (NASDAQ:DRVN) ("Driven Brands" or the "Company") today reported financial results for the fourth quarter and fiscal year ending December 28, 2024. For fiscal year 2024, Driven Brands delivered revenue of $2.3 billion, an increase of 2% versus the pri
Driven Brands Holdings Inc. (NASDAQ:DRVN) ("Driven Brands" or the "Company"), the largest automotive services company in North America, today announced that it has entered into a definitive agreement to sell its U.S. car wash business to Express Wash Operations, LLC dba Whistle Express Car Wash ("Whistle") for $385 million. "This transaction will enable Driven Brands to reduce debt and enhance our focus on our growing Take 5 Oil Change® brand and our stable, cash-generating franchise brands," said Jonathan Fitzpatrick, President and Chief Executive Officer. "This decision follows a deliberate and thoughtful strategic review of value-maximizing options for the U.S. car wash business, and w
Driven Brands Holdings Inc. (NASDAQ:DRVN) will release its fourth quarter and year-end 2024 earnings before the market opens on February 25, 2025. Following the release, management will host a conference call at 8:30 a.m. ET to review the Company's financial and operating performance. The call will be available by webcast and can be accessed by visiting the Company's Investor Relations website at investors.drivenbrands.com. A replay of the call will be available for at least three months. About Driven Brands Driven Brands™, headquartered in Charlotte, NC, is the largest automotive services company in North America, providing a range of consumer and commercial automotive needs, includi
--15th consecutive quarter of same store sales growth-- --Take 5 Oil Change delivers 15% revenue growth and 5% same store sales growth-- --Net Loss of $15 million and Adjusted EBITDA of $139 million-- --Re-affirms FY24 Revenue, Adj. EBITDA and Adj. EPS outlook excluding disposition-- Driven Brands Holdings Inc. (NASDAQ:DRVN) ("Driven Brands" or the "Company") today reported financial results for the third quarter ending September 28, 2024. For the third quarter, Driven Brands delivered revenue of $592 million, up 2% versus the prior year. System-wide sales were $1.6 billion, up 2% versus the prior year primarily driven by 1.1% same store sales growth and 56 net new units. Net loss was
Driven Brands Holdings Inc. (NASDAQ:DRVN) will release its third quarter 2024 earnings before the market opens on October 31, 2024. Following the release, management will host a conference call at 8:30 a.m. ET to review the company's financial and operating performance. The conference call will be available via live webcast on Driven Brands' Investor Relations webpage at investors.drivenbrands.com. An archived replay of the conference call will be available later the same day until at least February 28, 2025, through the company's Investor Relations webpage. About Driven Brands Driven Brands™, headquartered in Charlotte, NC, is the largest automotive services company in North America, pr
Driven Brands Holdings Inc. (NASDAQ:DRVN) ("Driven Brands" or the "Company"), the largest automotive services company in North America, today announced the sale of its Canadian distribution business, primarily operated under the PH Vitres d'Auto brand ("PH"), to PGW Auto Glass, a leading North American glass distributor, effective August 31, 2024. Terms of the transaction are not being disclosed. The Canadian distribution business was reported in the Company's Platform Services segment. Net proceeds from the transaction generally will be used to pay down debt. The sale is expected to have minimal impact on the Company's fiscal year 2024 outlook. The Company will provide further details on
Driven Brands Holdings Inc. (NASDAQ:DRVN) ("Driven Brands" or the "Company"), the largest automotive services company in North America, today announced the appointment of Michael Diamond as Executive Vice President and Chief Financial Officer, effective August 9, 2024. Joel Arnao, who has served as Interim Chief Financial Officer since May 2024, will continue in his role as Senior Vice President, FP&A, Investor Relations, and Treasury. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240801758728/en/Michael Diamond, Driven Brands CFO (Photo: Business Wire) "We are very excited to welcome Mike to the Driven team, and I look forward
--14th consecutive quarter of same store sales growth-- --Take 5 Oil Change delivers 19% year-over-year unit growth and 6% same-store sales growth-- --Net Income of $30 million and Adjusted EBITDA of $152 million-- --CFO Appointment Announced-- Driven Brands Holdings Inc. (NASDAQ:DRVN) ("Driven Brands" or the "Company") today reported financial results for the second quarter ending June 29, 2024. For the second quarter, Driven Brands delivered revenue of $612 million, up 1% versus the prior year. System-wide sales were $1.7 billion, up 1% versus the prior year primarily driven by 0.5% same store sales growth and 115 net new units. Net Income was $30.2 million or $0.18 per dilute
Driven Brands Holdings Inc. (NASDAQ:DRVN) will release its second quarter 2024 earnings before the market opens on August 1, 2024. Following the release, management will host a conference call at 8:30 a.m. ET to review the company's financial and operating performance. The conference call will be available via live webcast on Driven Brands' Investor Relations webpage at investors.drivenbrands.com. An archived replay of the conference call will be available later the same day until at least October 31, 2024, through the company's Investor Relations webpage. About Driven Brands Driven Brands™, headquartered in Charlotte, North Carolina, is the largest automotive services company in Nort
--Achieved 13 consecutive quarters of same store sales growth-- --Maintenance segment delivered 5% same store sales growth driven by 7% in Take 5 Oil Change-- --Net Income of $4 million and Adjusted EBITDA of $131 million-- --Announces CFO transition-- --Reaffirms Fiscal Year 2024 Outlook-- Driven Brands Holdings Inc. (NASDAQ:DRVN) ("Driven Brands" or the "Company") today reported financial results for the first quarter ending March 30, 2024. For the first quarter, Driven Brands delivered revenue of $572 million, up 2% versus the prior year. System-wide sales were $1.6 billion, up 7% versus the prior year primarily driven by 0.7% same store sales growth and 144 net new units.
Chief Operating Officer Daniel Rivera to Become President and Chief Executive Officer on May 9, 2025 Jonathan Fitzpatrick Stepping Down as President and CEO; Will Continue Serving on the Board of Directors as Non-Executive Chair and Serve as Senior Advisor Driven Brands Holdings Inc. (NASDAQ:DRVN) ("Driven Brands" or the "Company") today announced that its Board of Directors has named Chief Operating Officer Daniel Rivera as President and Chief Executive Officer and has appointed him to the Board, effective May 9, 2025. On February 24, 2025, Jonathan Fitzpatrick, who has served as Driven Brands' President and CEO since 2012, notified the Board of his intent to step down as President and
Company adds new independent director CHARLOTTE, N.C., Dec. 19, 2023 /PRNewswire/ -- Driven Brands Holdings (NASDAQ:DRVN), today announced the election of Damien Harmon to its Board of Directors, effective January 1, 2024. Harmon will also serve as a member of the Compensation Committee. "We're thrilled to have Damien join our Board," said Jonathan Fitzpatrick, CEO and President of Driven Brands. "His deep experience in competitive and evolving retail environments and intense focus on delivering exceptional customer experiences will be invaluable as we continue to execute our
Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge" or the "Company"), announced today its Board of Directors has appointed Jacky Wu as an independent director, effective June 16, 2023. Mr. Wu's appointment expands the Board to ten members, six of whom are independent directors. Mr. Wu is currently the Executive Vice President and Chief Financial Officer of DigitalBridge Group, Inc., a global digital infrastructure investment firm (NYSE:DBRG). Prior to joining DigitalBridge, Mr. Wu was Executive Vice President and Chief Financial Officer of Driven Brands, Inc. (NASDAQ:DRVN), North America's largest automotive aftermarket platform. Prior to Driven Brands, Mr. Wu was Executive Vice President and
CHARLOTTE, N.C., Jan. 26, 2023 /PRNewswire/ -- Driven Brands Holdings Inc. (NASDAQ:DRVN) ("Driven Brands" or the "Company"), the largest automotive services company in North America, today announced the appointment of Danny Rivera to the newly-created role of Chief Operating Officer effective February 20, 2023, reporting to Chief Executive Officer Jonathan Fitzpatrick. Driven Brands is also pleased to welcome back Mo Khalid, who will succeed Rivera in the role of Executive Vice President & Group President, Maintenance, leading both Take 5 Quick Lube and Meineke. "Danny has be
CHARLOTTE, N.C., July 11, 2022 (GLOBE NEWSWIRE) -- Driven Brands Holdings (NASDAQ:DRVN), today announced the election of Jose Tomás to its Board of Directors, effective July 11, 2022. "We're thrilled to have Jose join our Board of Directors," said Jonathan Fitzpatrick, CEO and President of Driven Brands. "He brings a wide breadth of experience, diverse perspective and keen focus on operations, people and culture that will be invaluable as we continue to grow Driven. His election also marks an important milestone in Driven's journey as a public company as the majority of our directors are now independent." Tomás currently serves as the Chief Administrative Officer for TelevisaUnivision, t
BMO Capital Markets initiated coverage of Driven Brands with a rating of Market Perform and set a new price target of $14.00
JP Morgan downgraded Driven Brands from Overweight to Neutral and set a new price target of $12.50 from $18.00 previously
JP Morgan resumed coverage of Driven Brands with a rating of Overweight and set a new price target of $18.00 from $19.00 previously
Morgan Stanley downgraded Driven Brands from Overweight to Equal-Weight and set a new price target of $14.00 from $22.00 previously
William Blair downgraded Driven Brands from Outperform to Mkt Perform
Canaccord Genuity initiated coverage of Driven Brands with a rating of Buy and set a new price target of $41.00
Barclays initiated coverage of Driven Brands with a rating of Overweight and set a new price target of $35.00
The Benchmark Company initiated coverage of Driven Brands with a rating of Buy and set a new price target of $40.00
Credit Suisse initiated coverage of Driven Brands with a rating of Neutral and set a new price target of $31.00
RBC Capital Mkts initiated coverage of Driven Brands with a rating of Outperform and set a new price target of $37.00