Driven Brands Holdings Inc. $DRVN Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its stake in Driven Brands Holdings Inc. (NASDAQ:DRVN) by 1.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 5,562,466 shares of the company’s stock after selling 70,917 shares during the quarter. Vanguard Group Inc. owned approximately 3.39% of Driven Brands worth $89,611,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lazard Asset Management LLC lifted its holdings in Driven Brands by 0.3% in the second quarter. Lazard Asset Management LLC now owns 216,423 shares of the company’s stock worth $3,800,000 after purchasing an additional 682 shares during the period. Handelsbanken Fonder AB raised its position in shares of Driven Brands by 2.7% during the 2nd quarter. Handelsbanken Fonder AB now owns 30,900 shares of the company’s stock worth $543,000 after buying an additional 800 shares in the last quarter. Osaic Holdings Inc. lifted its stake in shares of Driven Brands by 82.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock worth $37,000 after acquiring an additional 941 shares during the period. Creative Planning lifted its stake in shares of Driven Brands by 4.4% in the 2nd quarter. Creative Planning now owns 34,247 shares of the company’s stock worth $601,000 after acquiring an additional 1,444 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Driven Brands by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,597 shares of the company’s stock valued at $610,000 after acquiring an additional 1,493 shares in the last quarter. Institutional investors and hedge funds own 77.08% of the company’s stock.

Insider Activity at Driven Brands

In other news, insider Scott L. O’melia sold 46,875 shares of Driven Brands stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $16.00, for a total value of $750,000.00. Following the transaction, the insider directly owned 326,944 shares of the company’s stock, valued at $5,231,104. This trade represents a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.50% of the stock is currently owned by insiders.

Driven Brands Stock Performance

Shares of NASDAQ DRVN opened at $10.94 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 2.44. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of -8.82 and a beta of 1.09. The stock’s fifty day simple moving average is $15.25 and its 200 day simple moving average is $15.62. Driven Brands Holdings Inc. has a 52-week low of $9.80 and a 52-week high of $19.74.

Driven Brands (NASDAQ:DRVN) last announced its earnings results on Wednesday, March 11th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. The business had revenue of $457.33 million during the quarter, compared to the consensus estimate of $459.50 million. Driven Brands had a positive return on equity of 25.31% and a negative net margin of 9.14%.During the same period in the prior year, the business posted $0.30 earnings per share. As a group, sell-side analysts forecast that Driven Brands Holdings Inc. will post 0.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DRVN has been the topic of several recent analyst reports. Morgan Stanley dropped their target price on Driven Brands from $20.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Piper Sandler downgraded Driven Brands from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $19.00 to $12.00 in a research note on Wednesday, February 25th. BTIG Research restated a “buy” rating and issued a $21.00 price objective on shares of Driven Brands in a report on Thursday, January 8th. Stifel Nicolaus set a $23.00 target price on Driven Brands in a report on Monday, November 17th. Finally, William Blair upgraded shares of Driven Brands from a “market perform” rating to an “outperform” rating in a research report on Wednesday, December 3rd. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $20.56.

Driven Brands News Summary

Here are the key news stories impacting Driven Brands this week:

• Neutral Sentiment: Short-interest data reporting is inconsistent/flat (report shows 0 shares and NaN changes), offering no clear offsetting signal about activist/short pressure; data should be treated with caution. Short Interest Notice
• Neutral Sentiment: Analysts and financial write-ups are revisiting valuation after the restatement and reporting delays; these pieces provide context but do not remove uncertainty around restated results. A Look At Driven Brands Valuation
• Negative Sentiment: Company admitted to improper accounting going back to fiscal 2023 and announced delayed FY?2025 reporting and restatements — disclosure that directly caused the >30% share collapse and an estimated ~$800M market-cap wipeout. Market Cap Wipeout / Improper Accounting
• Negative Sentiment: Multiple plaintiff-side law firms (Pomerantz, BFA Law, Faruqi & Faruqi, Wolf Haldenstein, Levi & Korsinsky, Schall Law) have opened investigations into Driven Brands for possible securities fraud/misleading disclosures — raises litigation risk, potential liability, and investor uncertainty. (Examples below.)
• Negative Sentiment: Pomerantz LLP investor alert investigating potential claims on behalf of Driven Brands investors. Pomerantz Investigation Alert
• Negative Sentiment: BFA Law investigation alert after restatements and the >30% stock drop. BFA Law Investigation
• Negative Sentiment: Faruqi & Faruqi and Wolf Haldenstein issued investor notices about potential claims; Levi & Korsinsky flagged discrepancies between adjusted metrics and GAAP that may be central to restatements. These increase the odds of shareholder litigation and regulatory scrutiny. Faruqi & Faruqi Notice Wolf Haldenstein Investigation Levi & Korsinsky Investigation
• Negative Sentiment: Additional shareholder-rights firms (Schall Law) are soliciting clients to join fraud investigations — amplifies media/legal attention and could prolong uncertainty until restatements and any regulatory reviews are resolved. Schall Law Firm Notice

Driven Brands Company Profile

Driven Brands Holdings Inc (NASDAQ: DRVN) is a leading North American provider of automotive aftermarket services, operating through a network of franchised and company-owned locations. The company’s platform encompasses a diverse portfolio of car care and maintenance brands, including Meineke Car Care Centers, Maaco Collision Repair & Auto Painting, Take 5 Oil Change, and Carstar Collision Repair. Driven Brands delivers a full range of services from routine maintenance and oil changes to collision repair, paint protection, and vehicle customization.

Headquartered in Charlotte, North Carolina, Driven Brands serves both individual consumers and commercial clients across the United States and Canada.