Driven Brands(NASDAQ) DRVN

Driven Brands helps people maintain and repair their cars. They offer oil changes, glass repair, and body work. Services reach car owners across North America.

Helping Drivers Stay Mobile

• Take 5: Quick oil change and vehicle maintenance services provided through franchised and company-operated locations.
• Franchise Brands: Collision, paint, and mechanical repair services under brand names including CARSTAR, Meineke, and Maaco.
• Auto Glass Now: Automotive glass repair and replacement services focused primarily on company-operated store locations.

Strategic Portfolio Changes

• Completed the sale of the International Car Wash business to Neptune Acquisition Bidco Limited for approximately $490 million in January 2026.
• Divested the U.S. Car Wash business in April 2025.
• Added 202 net new stores during the twelve-month period ending March 28, 2026.
• Repaid the Term Loan Facility in full during the third quarter of 2025.

A Network Across North America

Driven Brands operates more than 4,200 locations across 49 U.S. states and Canada. This scaled platform combines franchised and company-operated stores to meet a wide range of retail and commercial automotive needs.

Key Performance Data

• Net revenue reached $484 million in the three-month period ended March 28, 2026, up 8% year-over-year.
• System-wide sales—representing total sales from both franchised and company-owned stores—were $1.6 billion in the quarter ended March 28, 2026, up 6% year-over-year.
• Net income from continuing operations was $24 million in the quarter ended March 28, 2026, compared to $14 million in the prior-year period.
• Adjusted EBITDA—a measure of earnings before interest, taxes, and specific adjustments—was $104 million in the three months ended March 28, 2026.
• Total liquidity, including cash and undrawn credit facilities, was $804 million as of March 28, 2026.

Bottom Line

Driven Brands has shifted its focus by divesting its car wash operations to concentrate on high-growth segments like oil changes and glass repair. This strategic evolution streamlines its North American service platform while maintaining a large, diversified footprint of franchised and company-owned locations.