Driven Brands (DRVN)

Company Profile

Driven Brands™, headquartered in Charlotte, NC, is the largest automotive services company in North America, providing a range of consumer and commercial automotive needs, including paint, collision, glass, vehicle repair, oil change, maintenance and car wash. Driven Brands is the parent company of some of North America’s leading automotive service businesses including Take 5 Oil Change®, Meineke Car Care Centers®, Maaco®, 1-800-Radiator & A/C®, and CARSTAR®. Driven Brands has more than 4,100 centers across 15 countries, and services over 50 million vehicles annually. Driven Brands’ network generates approximately $900 million in revenue from more than $3 billion in system-wide sales.

Company profile

Ticker

DRVN

Exchange

Website

Incorporated

Location

Fiscal year end

Sector

Transportation and Warehousing > General Warehousing and Storage

Industry (SIC)

Services - Automotive Repair, Services & Parking

Mister Car Wash • Monro • EVgo • Pony • Maison Luxe • ZYQC Group Holding • Allego • Yi Po International • SunCar Technology ...

Former names

RC Driven Holdings LLC

SEC CIK

0001804745

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

1198786 B.C. Ltd. • 12008432 Canada Inc. • 12038528 Canada Inc. • 1-800 All Parts Holdings, LLC • 1-800 All Parts, LLC • 1-800 Radiator & A/C, LLC • 1-800 Radiator Canada Co. • 1-800-Radiator Franchise, LLC • 1-800-Radiator Franchisor SPV LLC • 1-800-Radiator Product Sourcing LLC ...

IRS number

473595252

DRVN stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$38.60

Low target

$35.00

High target

$40.00

Latest filings (excl ownership)

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8-K

Regulation FD Disclosure

15 Mar 23

8-K

Regulation FD Disclosure

1 Mar 23

Driven Brands Holdings Inc. Reports Record Year of Revenue and Profitability in Fiscal 2022; Issues Fiscal 2023 Guidance

22 Feb 23

8-K

Driven Brands Elevates Danny Rivera to Newly-created Chief Operating Officer Role

26 Jan 23

8-K

Regulation FD Disclosure

4 Nov 22

Driven Brands Holdings Inc. Reports Strong Third Quarter Results; Raises Full Year Guidance Reflecting Outperformance

26 Oct 22

8-K

Driven Brands Closes $365 Million Securitization Issuance

Transcripts

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DRVN

Earnings call transcript

2022 Q4

22 Feb 23

DRVN

Earnings call transcript

2022 Q3

26 Oct 22

DRVN

Earnings call transcript

2022 Q2

27 Jul 22

DRVN

Earnings call transcript

2022 Q1

27 Apr 22

DRVN

Earnings call transcript

2021 Q4

16 Feb 22

DRVN

Earnings call transcript

2021 Q3

27 Oct 21

DRVN

Earnings call transcript

2021 Q2

28 Jul 21

DRVN

Earnings call transcript

2021 Q1

1 May 21

DRVN

Earnings call transcript

2020 Q4

10 Mar 21

Latest ownership filings

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Catherine Ann Halligan

Financial summary

Financial statements Chart DRVN financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	260.77 mm	260.77 mm	260.77 mm	260.77 mm	260.77 mm	260.77 mm
Cash burn (monthly)	(no burn)	25.17 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	67.67 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	193.10 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	7.7	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

DRVN institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	153	155	-1.3%
Opened positions	31	35	-11.4%
Closed positions	33	12	+175.0%
Increased positions	59	70	-15.7%
Reduced positions	48	36	+33.3%

13F shares	Current	Prev Q	Change
Total value	1.58 tn	4.24 bn	+37057.9%
Total shares	133.23 mm	136.70 mm	-2.5%
Total puts	1.60 k	0.00	NEW
Total calls	42.60 k	39.60 k	+7.6%
Total put/call ratio	0.0	–	–

Largest owners	Shares	Value	Change
Driven Equity Sub	68.83 mm	$0.00	-6.4%
Alliancebernstein	5.92 mm	$161.65 bn	+27.4%
Vanguard	5.22 mm	$142.49 bn	+1.6%
Neuberger Berman	4.59 mm	$125.38 bn	-1.1%
JPM JPMorgan Chase & Co.	3.96 mm	$108.46 bn	+0.4%
Bain Capital Public Equity Management II	2.69 mm	$73.54 bn	-2.4%
FMR	2.56 mm	$69.87 bn	+1.8%
Capital World Investors	2.41 mm	$65.88 bn	0.0%
Bamco	2.28 mm	$62.13 bn	0.0%
BLK Blackrock	2.27 mm	$61.90 bn	+11.7%

Largest transactions	Shares	Bought/sold	Change
Driven Equity Sub	68.83 mm	-4.74 mm	-6.4%
Alliancebernstein	5.92 mm	+1.27 mm	+27.4%
Point72 Asset Management	1.96 mm	+1.03 mm	+111.4%
Zimmer Partners	0.00	-1.00 mm	EXIT
STT State Street	842.65 k	+842.65 k	NEW
Norges Bank	567.68 k	+567.68 k	NEW
Marshall Wace	270.49 k	-464.26 k	-63.2%
Latigo Investments	0.00	-432.33 k	EXIT
Silvercrest Asset Management	104.13 k	-389.57 k	-78.9%
Summit Partners Public Asset Management	374.49 k	+374.49 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

DRVN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
28 Feb 23	Jonathan G. Fitzpatrick	Common Stock	Grant	Acquire A	No	No	58,360	2,296,405
28 Feb 23	Tiffany L Mason	Common Stock	Grant	Acquire A	No	No	12,839	198,018
28 Feb 23	John R. Teddy	Common Stock	Grant	Acquire A	No	No	9,338	23,114
28 Feb 23	Daniel R. Rivera	Common Stock	Grant	Acquire A	No	No	16,779	514,741
28 Feb 23	Michael G. Macaluso	Common Stock	Grant	Acquire A	No	No	9,338	327,432