Full-Time
Updated on 9/3/2026
Automotive service franchise platform consolidator
$13.25 - $19/hr
Solon, OH, USA
In Person
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Driven Brands is a parent company that grows a network of automotive service brands by acquiring established franchises. It oversees well-known names such as Meineke, Maaco, CARSTAR, and Take 5 Oil Change, creating a unified platform for car maintenance, collision repair, and quick lube services. The business model works through a roll-up strategy: acquiring category-leading brands, integrating them under one umbrella, and leveraging shared resources, systems, and scale to improve operations across the franchise network. This approach differentiates Driven Brands from many competitors by focusing on consolidation of a fragmented market to accelerate growth rather than starting new brands from scratch. The company’s goal is to become one of the largest automotive service platforms in North America by expanding its footprint through strategic acquisitions and ongoing optimization of its franchise network.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Charlotte, North Carolina
Founded
1972
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Driven Brands Holdings (NASDAQ:DRVN) loses ground despite rejecting a buyout bid. 31 August 2026 04:00 AM PDT Summarize with AI You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to its research reports, in-depth technical and fundamental research. Learn more Key Highlights Shares closed at $12.47 at their last session, down 1.42% on the day. Driven Brands reported second-quarter 2026 Revenue of about $507.4 million, up about 7% year over year, with Net Income of about $37.3 million. The company disclosed that it had rejected a buyout bid of about $18 per share, indicating its board viewed the offer as undervaluing the company. Growth was supported by same-store sales gains led by its Take 5 Oil Change business, alongside progress on Debt reduction. Driven Brands Holdings (NASDAQ:DRVN) shares closed at $12.47 at their last session, down 1.42% on the day, even after the operator of a large portfolio of automotive-services brands, including Take 5 Oil Change, grew revenue and Earnings and rejected a buyout bid it deemed too low. For investors, the question is whether the company can turn the story around as it grows its Franchise and reduces debt. Driven Brands operates and franchises automotive-services businesses, including quick oil-change, led by its fast-growing Take 5 Oil Change brand, car wash, collision, and other maintenance and repair services. Latest Developments In its second-quarter 2026 results, Driven Brands reported revenue of about $507.4 million, up about 7% year over year, with net income of about $37.3 million and adjusted EBITDA of about $107.0 million, supported by same-store sales growth led by its Take 5 Oil Change business. Notably, the company disclosed that it had rejected a buyout bid of about $18 per share, indicating that its board viewed the offer as undervaluing the company. Management emphasized the momentum of Take 5, its focus on its higher-return businesses, and its progress on reducing debt, framing the quarter as evidence of a strengthening, more focused Business despite the share-price weakness. Financial and Business Position Driven Brands' revenue and earnings growth, led by its Take 5 Oil Change business, and its rejection of a buyout bid it viewed as too low, suggest a business with genuine momentum and a management team confident in its value. Its focus on its higher-return businesses and its debt reduction are strengthening its profile. Stock-Market Context Shares closed at $12.47 at their last session, down 1.42% on the day. The stock carries a favorable analyst rating in the data underlying this article, and the loss of ground reflects share weakness despite revenue and earnings growth and a rejected buyout. The turnaround case rests on continued Take 5 momentum, growth across its portfolio, debt reduction, and the market recognizing the value the rejected bid implied. The cautionary case is the company's debt, the performance of its non-Take 5 businesses, and competition in automotive services. A Board Signaling Confidence Amid Share Weakness Driven Brands offered investors an unusually clear signal of management's conviction in the company's value: it rejected a buyout bid of roughly $18 per share, publicly signaling that its board believes the business is worth meaningfully more than an outside acquirer was willing to pay. That rejection, combined with 7% revenue growth, positive net income and same-store sales gains led by its Take 5 Oil Change business, paints a picture at odds with the stock's recent decline. Take 5 is the crown jewel, a fast-growing, high-return quick-oil-change concept whose momentum is driving the portfolio, and Driven Brands has been sharpening its focus on its highest-return businesses while working to reduce the debt that has been the principal concern for its equity. The considerations are precisely that debt load, the more mixed performance across its broader portfolio of automotive-services brands beyond Take 5, and competition in its markets. Investors watching this story will want to see same-store sales, especially at Take 5, continue growing, debt reduction progress, and any further developments regarding Takeover interest. For investors, whether Driven can turn the story around depends on Take 5's continued momentum and progress on deleveraging, with the rejected buyout serving as a reminder that at least one sophisticated party saw enough value to make an offer. FAQs. Q: Where did Driven Brands shares close at their last session? A: Shares closed at $12.47, down 1.42% on the day. Q: Why did Driven Brands reject a buyout bid? A: The company disclosed it rejected a bid of about $18 per share, indicating its board viewed the offer as undervaluing the business given its growth and momentum. Q: what is driving Driven Brands' growth? A: Same-store sales growth led by its Take 5 Oil Change business, alongside a focus on higher-return businesses and debt reduction, are driving the company's momentum. Q: What are the main risks facing Driven Brands? A: The company's debt load, mixed performance across its broader brand portfolio beyond Take 5, and competition in automotive services remain the key considerations. Download Free Report - Explore 3 Stock Ideas & Industry Insights Unlock 3 stock ideas and key industry insights in its free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice. All investments involve risk - consider independent advice before making any investment decisions. Disclaimer:
Driven Brands reported second-quarter 2026 results showing continued growth across its automotive services business. System-wide sales increased 5% year-over-year to $1.6 billion, whilst revenue grew 7% to $507 million. The company posted adjusted EBITDA of $107 million for the quarter. Chief executive Daniel Rivera highlighted positive same-store sales growth, with the Take 5 oil change brand leading performance. Driven Brands' franchise segment continued generating high-margin cash flow. The company strengthened its balance sheet during the period, reducing net leverage to 3.1 times. The automotive services franchisor operates multiple brands including oil change, car wash, and vehicle maintenance concepts. Management attributed the quarter's performance to consistent execution across its franchise network and company-owned locations.
Driven Brands met Wall Street's revenue expectations in Q2 2026, reporting sales of $507.4 million, up 6.8% year on year. The automotive services company exceeded analyst estimates for non-GAAP profit at $0.29 per share, 9% above consensus. The company reaffirmed its full-year revenue guidance of $2 billion at the midpoint. Adjusted EBITDA reached $107 million with a 21.1% margin, beating estimates by 2.7%. Operating margin improved to 14.4%, up from 9.9% in the prior-year quarter. Same-store sales rose 1.4% year on year. With approximately 5,000 locations across 49 US states and 13 countries, Driven Brands operates automotive service centres offering maintenance, car washes, paint, collision repair and glass services.
Driven Brands Holdings reported solid first-quarter results with system-wide sales growing 6%, revenue up 8%, and same-store sales increasing 2%. The company's adjusted EBITDA rose 2%, whilst net leverage improved to 3.2 times. Take 5 Oil Change led performance with 14% system-wide sales growth and 4.5% same-store sales growth. Auto Glass Now saw revenue increase 6% and same-store sales rise 7%. Total revenue reached $484.4 million, an 8.2% year-over-year increase. Operating income grew to $67.4 million, whilst free cash flow increased $13 million to $30.3 million. However, the company faces headwinds from moderating traffic amongst value-oriented customers earning under $50,000 annually. Driven Brands expects $35 million to $45 million in nonrecurring restatement costs for the year.
Driven Brands reported first-quarter revenue of $484.4 million, exceeding analyst estimates of $481.3 million and representing 8.2% year-on-year growth. The automotive services company's non-GAAP earnings of $0.30 per share beat consensus estimates by 24.4%. The company reaffirmed its full-year revenue guidance of $2 billion and adjusted earnings per share guidance of $1.20 at the midpoint. Adjusted EBITDA reached $104.1 million, surpassing analyst expectations of $97.55 million with a 21.5% margin. Same-store sales rose 2.1% year on year, whilst operating margin improved to 13.9% from 12.2% in the prior-year quarter. Driven Brands operates approximately 5,000 automotive service locations across 49 US states and 13 countries. The company's shares surged following the results.