An update from Driven Brands Holdings ( (DRVN) ) is now available.
On April 10, 2025, Driven Brands Holdings announced the completion of the sale of its U.S. car wash business to Whistle Express Car Wash for approximately $255 million in cash and a $130 million interest-bearing seller note. This strategic move allows Driven Brands to concentrate on its Take 5 Oil Change business and aims to reduce net leverage to 3x or less by the end of 2026, reflecting a significant shift in the company’s operational focus and financial strategy.
Spark’s Take on DRVN Stock
According to Spark, TipRanks’ AI Analyst, DRVN is a Neutral.
Driven Brands Holdings demonstrates strong revenue growth and resilience in its Take 5 Oil Change segment. However, high leverage, negative profitability, and inflationary pressures pose significant risks. The mixed sentiment from the earnings call reflects these challenges and strategic efforts to improve financial stability.
To see Spark’s full report on DRVN stock, click here.
More about Driven Brands Holdings
Driven Brands, headquartered in Charlotte, NC, is the largest automotive services company in North America, offering a variety of consumer and commercial automotive services such as paint, collision, glass, vehicle repair, oil change, maintenance, and car wash. The company operates well-known brands like Take 5 Oil Change, Meineke Car Care Centers, and Maaco, with 5,200 locations across 14 countries, servicing approximately 70 million vehicles annually.
YTD Price Performance: 3.12%
Average Trading Volume: 724,441
Technical Sentiment Signal: Sell
Current Market Cap: $2.66B
See more insights into DRVN stock on TipRanks’ Stock Analysis page.