Driven Brands (NASDAQ:DRVN) Price Target Cut to $20.00 by Analysts at Canaccord Genuity Group

Driven Brands (NASDAQ:DRVN) had its price target cut by Canaccord Genuity Group from $24.00 to $20.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 57.27% from the company’s previous close.

DRVN has been the topic of several other reports. Morgan Stanley cut their price objective on Driven Brands from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. BTIG Research reiterated a “buy” rating and issued a $21.00 price target on shares of Driven Brands in a research note on Thursday, January 8th. Freedom Capital upgraded Driven Brands to a “strong-buy” rating in a research note on Monday, March 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Driven Brands in a research note on Friday, March 27th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of Driven Brands in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Driven Brands presently has an average rating of “Hold” and a consensus target price of $19.00.

Driven Brands Stock Up 1.2%

NASDAQ:DRVN traded up $0.15 during mid-day trading on Wednesday, hitting $12.72. The company had a trading volume of 984,475 shares, compared to its average volume of 1,691,290. The business has a fifty day simple moving average of $12.37 and a 200-day simple moving average of $14.23. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 2.44. Driven Brands has a 1 year low of $9.80 and a 1 year high of $19.74. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of -10.23 and a beta of 1.01.

Institutional Investors Weigh In On Driven Brands

Hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. raised its holdings in shares of Driven Brands by 82.1% during the second quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock valued at $37,000 after buying an additional 941 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Driven Brands by 744.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the company’s stock valued at $37,000 after buying an additional 1,854 shares in the last quarter. Comerica Bank increased its holdings in shares of Driven Brands by 328.8% in the fourth quarter. Comerica Bank now owns 2,933 shares of the company’s stock valued at $43,000 after buying an additional 2,249 shares in the last quarter. Farther Finance Advisors LLC grew its position in Driven Brands by 1,113.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,338 shares of the company’s stock worth $54,000 after purchasing an additional 3,063 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in Driven Brands by 1,347.7% during the 4th quarter. Larson Financial Group LLC now owns 3,822 shares of the company’s stock worth $57,000 after purchasing an additional 3,558 shares in the last quarter. Institutional investors own 77.08% of the company’s stock.

Key Stories Impacting Driven Brands

Here are the key news stories impacting Driven Brands this week:

• Neutral Sentiment: Several firms are reminding investors of the May 8, 2026 deadline to seek lead‑plaintiff status in pending securities litigation — procedural notices that increase outreach but are not new substantive allegations. Faruqi & Faruqi deadline reminder
• Neutral Sentiment: Additional investor alerts from other firms reiterate the same deadline and encourage affected shareholders to consider lead‑plaintiff motions — expect consolidation of outreach. Rosen Law Firm deadline reminder
• Negative Sentiment: A class action has been filed alleging investor harm for purchases during the identified class period; Bronstein Gewirtz Grossman is urging affected investors to act — this increases litigation exposure and potential damages. Bronstein class action notice
• Negative Sentiment: Firms allege Driven Brands disclosed erroneous financial statements and pervasive accounting/internal control failures that previously triggered a roughly 39% stock decline — such allegations raise the prospect of restatements, regulatory scrutiny and potential material liabilities. KSF: erroneous statements / 39% decline
• Negative Sentiment: Hagens Berman highlights that Driven Brands acknowledged it is unable to file required financial reports and has received a Nasdaq non‑compliance notice — this regulatory issue is a key near‑term risk that can prolong uncertainty and volatility. Hagens Berman Nasdaq non-compliance update
• Negative Sentiment: Multiple prominent plaintiff firms (Levi & Korsinsky, Pomerantz, Bernstein Liebhard, Bleichmar Fonti & Auld, others) have issued alerts or filed suits alleging securities fraud tied to accounting failures — the breadth of legal activity suggests consolidated, high‑profile litigation ahead. Levi & Korsinsky investor alert

Driven Brands Company Profile

Driven Brands Holdings Inc (NASDAQ: DRVN) is a leading North American provider of automotive aftermarket services, operating through a network of franchised and company-owned locations. The company’s platform encompasses a diverse portfolio of car care and maintenance brands, including Meineke Car Care Centers, Maaco Collision Repair & Auto Painting, Take 5 Oil Change, and Carstar Collision Repair. Driven Brands delivers a full range of services from routine maintenance and oil changes to collision repair, paint protection, and vehicle customization.

Headquartered in Charlotte, North Carolina, Driven Brands serves both individual consumers and commercial clients across the United States and Canada.