Stock of the Day

December 30, 2021

Driven Brands (DRVN)

$12.51
+$0.09 (+0.7%)
Market Cap: $2.06B

About Driven Brands

Driven Brands Holdings Inc., together with its subsidiaries, provides automotive services to retail and commercial customers in the United States, Canada, and internationally. It offers various services, such as paint, collision, glass, repair, car wash, oil change, and maintenance services. The company 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 training services to repair and maintenance, and paint and collision shops. It sells its products and services under the CARSTAR, IMO, MAACO, Meineke Car Care Centers, PH Vitres D'Autos, Take 5 Oil Change, Take 5 Car Wash, Auto Glass Now, Fix Auto USA, and 1-800-Radiator & A/C, Spire Supply, and Automotive Training Institute brands. The company was founded in 1972 and is headquartered in Charlotte, North Carolina.

Today's Trend

Driven Brands Holdings Inc. (NASDAQ: DRVN) shares increased as investors responded to activist pressure for a potential sale of the company, while the latest quarterly results offered a mixed picture.

  • Activist investor ADW Capital Management, which owns approximately 4.8% of Driven Brands, urged the board and controlling shareholder Roark Capital to begin an immediate public strategic review. ADW is seeking a potential sale of the entire company or individual business segments, an independent special committee, and an outside financial adviser. The campaign could increase the prospect of a takeover, asset sales, or other actions to unlock shareholder value. ADW Capital letter to Driven Brands
  • Driven Brands reported second-quarter 2026 adjusted earnings of $0.29 per share and revenue of $507.4 million. Results were broadly in line with expectations, with revenue slightly above consensus and earnings beating some estimates, although another estimate placed EPS just below expectations. Driven Brands reports second-quarter 2026 results
  • The quarterly update also showed underlying year-over-year pressure: revenue declined 7.9% and EPS fell from $0.36 in the prior-year period to $0.29. The earnings decline and softer sales may limit the stock’s upside unless the strategic-review campaign gains traction. Driven Brands second-quarter earnings analysis
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