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 |
--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") today announced that it will participate in the 31st Annual Goldman Sachs Global Retailing Conference in New York. The Company's fireside chat is scheduled to begin at 1:50 p.m. ET on Thursday, September 5, 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 co
Kian Capital-backed PARC Auto, a leading Meineke Car Care Center franchisee, is proud to announce the expansion of its executive team with the addition of Chief Operating Officer Russ Bowling, along with its rapid growth to become the largest Meineke franchisee in just over one year since the formation of the Kian platform. The PARC Auto platform was established in July 2023 and has since grown from 15 to 35 locations through a combination of new store openings and four strategic acquisitions. In addition to continuing operations in Louisville, KY, where the platform was established, the company now has locations in the highly attractive geographic markets of Florida, Indiana, Texas and t
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. ("Driven Brands" or the "Company") (NASDAQ:DRVN) announced today that it has closed an offering by certain of its subsidiaries for $275 million of Series 2024-1 Fixed Rate Senior Secured Notes, Class A-2 (the "A-2 Notes") maturing October 2054 and with an anticipated repayment date in October 2031. The proceeds from the issuance will be used to refinance the Company's Series 2018-1 Class A-2 Fixed Rate Senior Secured Notes, to pay transaction-related fees and expenses and for general corporate purposes. In addition, Driven Brands increased the total capacity under its Variable Funding Notes through the addition of $400 million of Series 2024-1 Class A-1 Notes (
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
Driven Brands Holdings Inc. (NASDAQ:DRVN) ("Driven Brands" or the "Company") today announced that it will present at the William Blair Growth Stock Conference in Chicago. The Company's presentation is scheduled to begin at 10:00 a.m. Central/11:00 a.m. ET on Wednesday, June 5, 2024. The presentation 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
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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
Providing a diverse range of perspectives from bullish to bearish, 6 analysts have published ratings on Driven Brands Hldgs (NASDAQ:DRVN) in the last three months. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 2 2 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $15.58, along with a high estimate of $22.00 and a low estimate of $12.50. This curre
BMO Capital analyst Tristan Thomas-Martin initiates coverage on Driven Brands Hldgs (NASDAQ:DRVN) with a Market Perform rating and announces Price Target of $14.
Barclays analyst Seth Sigman maintains Driven Brands Hldgs (NASDAQ:DRVN) with a Overweight and lowers the price target from $25 to $22.
Canaccord Genuity analyst Brian McNamara maintains Driven Brands Hldgs (NASDAQ:DRVN) with a Buy and lowers the price target from $21 to $17.
In the last three months, 8 analysts have published ratings on Driven Brands Hldgs (NASDAQ:DRVN), offering a diverse range of perspectives from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 4 2 0 0 Last 30D 0 1 2 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 1 3 0 0 0 Analysts have set 12-month price targets for Driven Brands Hldgs, revealing an average target of $16.81, a high estimate of $21.00, and a low estimate of $12.50. A negative shift in sentiment is evident as a
Goldman Sachs analyst Kate McShane maintains Driven Brands Hldgs (NASDAQ:DRVN) with a Neutral and lowers the price target from $16 to $14.
JP Morgan analyst Christian Carlino downgrades Driven Brands Hldgs (NASDAQ:DRVN) from Overweight to Neutral and lowers the price target from $18 to $12.5.
Piper Sandler analyst Peter Keith maintains Driven Brands Hldgs (NASDAQ:DRVN) with a Overweight and lowers the price target from $18 to $14.
Gainers Enovix (NASDAQ:ENVX) shares increased by 35.3% to $8.81 during Thursday's regular session. The market value of their outstanding shares is at $1.4 billion. The company's, Q1 earnings came out yesterday. Avis Budget Gr (NASDAQ:CAR) stock moved upwards by 23.26% to $116.79. The company's market cap stands at $4.1 billion. As per the press release, Q1 earnings came out yesterday. Pitney Bowes (NYSE:PBI) shares increased by 23.15% to $5.18. The market value of their outstanding shares is at $921.2 million. As per the press release, Q1 earnings came out today. Nuburu (AMEX:BURU) stock increased by 18.43% to $0.21. The market value of their outstanding shares is at $7.8 million. Valmo
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
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--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.
Driven Brands Holdings Inc. (NASDAQ:DRVN) will release its first quarter 2024 earnings before the market opens on May 2, 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 August 1, 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 North Amer
--Fiscal 2023 revenue increased 13% powered by 7% same-store sales growth and 4% net store growth----Achieved 12 consecutive quarters of same store sales growth----Issues fiscal year 2024 financial outlook-- CHARLOTTE, N.C., Feb. 22, 2024 /PRNewswire/ -- Driven Brands Holdings Inc. (NASDAQ:DRVN) ("Driven Brands" or the "Company") today reported financial results for the fourth quarter and fiscal year ended December 30, 2023. Fiscal Year 2023 Highlights For the fiscal year, Driven Brands delivered revenue of $2.3 billion, up 13% versus the prior year. System-wide sales were $6.
CHARLOTTE, N.C., Feb. 6, 2024 /PRNewswire/ -- Driven Brands Holdings Inc. (NASDAQ:DRVN) will release its fourth quarter and year-end 2023 earnings before the market opens on Thursday, February 22, 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 May 1, 2024, thr