Driven Brands Holdings

DRVN · NASDAQ

$12.14+$0.12 (+1.00%)TodayMarket closed · Oct 21, 4:13 AM ET

Prev close $12.02

DRVN analyst rating

BuyConsensus of 10 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy5
Hold5
Underperform0
Sell0

12-month price target · 14 analysts

Average $16.41 (+35.2% upside)

Low: $12.12
Now: $12.14
High: $23.10

Upgrades and downgrades

The latest rating actions, newest first

DRVN analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barclays	Sep 22, 2026	Initiates	Equal-Weight	$14.00	28%
Canaccord Genuity	Sep 10, 2026	Maintains	Buy	$17.00 → $18.00	49%
RBC Capital	Aug 7, 2026	Maintains	Outperform	$17.00 → $16.00	54%
BTIG	Jun 12, 2026	Maintains	Buy	$17.00	45%
RBC Capital	Jun 11, 2026	Maintains	Outperform	$18.00 → $17.00	54%
BMO Capital	May 21, 2026	Maintains	Market Perform	$18.00 → $14.00	40%
Piper Sandler	May 20, 2026	Maintains	Neutral	$11.00 → $13.00	59%
Morgan Stanley	May 20, 2026	Maintains	Equal-Weight	$17.00 → $16.00	61%
RBC Capital	May 20, 2026	Maintains	Outperform	$20.00 → $18.00	54%
BTIG	May 20, 2026	Maintains	Buy	$21.00 → $17.00	45%

The case for and against

Updated Oct 16, 2026

Bull case

Driven Brands Hldgs is supported by Take 5’s resilient momentum, with same-store sales up 3.6% and NOCR services near 30% of sales, while management believes it is taking share as the core consumer remains resilient. Its fragmented end markets are attractive, with exposure to a ~$350B automotive aftermarket space but only 2% share in maintenance and 5% to 6% share in other key categories, leaving substantial room for consolidation-led growth. Financially, leverage improved from 3.7x at FY'25 year-end to about 3.1x in 2Q'26, interest expense fell $10.4 million to $20.8 million, and management still targets 3.0x by year-end while generating $125MM-$145MM of FY'26 FCF for debt reduction.

Bear case

Driven Brands Hldgs is pressured by weak underlying demand, as management pointed to low-income consumer weakness and some tradedown/deferral across Take 5 and franchised brands, suggesting discretionary maintenance spending may remain soft. Its earnings power is further diluted by meaningful non-recurring costs, including $11.8M of restatement costs in 2Q, about $20.9M YTD, plus a $4M out-of-period charge at Auto Glass Now, with ~$35M-$45M expected through FY'26. Balance-sheet and governance risks also weigh on the outlook, given ~3.3x leverage at the end of 4Q'25, high-end peer debt levels, and Roark Capital’s ~61% ownership, which can create a persistent sponsor overhang.

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