Elgethun Capital Management Makes New $8.14 Million Investment in Driven Brands Holdings Inc. $DRVN

Elgethun Capital Management bought a new position in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN) during the third quarter, Holdings Channel.com reports. The firm bought 513,979 shares of the company’s stock, valued at approximately $8,137,000. Driven Brands accounts for approximately 1.5% of Elgethun Capital Management’s holdings, making the stock its 21st largest holding.

Several other hedge funds have also modified their holdings of DRVN. Osaic Holdings Inc. increased its holdings in shares of Driven Brands by 82.1% in the second quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock valued at $37,000 after purchasing an additional 941 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Driven Brands by 744.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the company’s stock worth $37,000 after buying an additional 1,854 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Driven Brands by 1,113.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,338 shares of the company’s stock valued at $54,000 after buying an additional 3,063 shares during the last quarter. Versant Capital Management Inc bought a new position in Driven Brands in the 3rd quarter valued at $84,000. Finally, Federated Hermes Inc. acquired a new stake in shares of Driven Brands in the 3rd quarter valued at $108,000. 77.08% of the stock is owned by institutional investors.

Key Driven Brands News

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

• Neutral Sentiment: Multiple national plaintiff firms are notifying investors and soliciting lead‑plaintiff candidates, concentrating attention (and potential litigation costs) on the company. Driven Brands Holdings Inc. (DRVN) Investors: May 8, 2026, Deadline in Securities Fraud Class Action Lawsuit – Contact Kessler Topaz Meltzer & Check, LLP
• Neutral Sentiment: Several additional firms (Pomerantz, Glancy, Rosen, Robbins, Berger Montague, etc.) have issued investor alerts and reminders about the May 8 lead‑plaintiff deadline — increasing the number of potential claimants and media attention. INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Driven Brands Holdings Inc. of Class Action Lawsuit and Upcoming Deadlines – DRVN
• Negative Sentiment: Lawsuits allege pervasive accounting errors and internal control failures spanning 2023–2025; plaintiffs claim the company misled investors about its financials — a core business risk that can trigger restatements, regulatory scrutiny, and damages. DRVN INVESTOR ALERT: Hagens Berman Notifies Driven Brands (DRVN) Investors to Securities Class Action Following $800M Market Cap Wipeout
• Negative Sentiment: One notice highlights an estimated ~$800M market‑cap wipeout after the disclosure — an indicator of investor loss magnitude and market skepticism about recovery prospects. DRVN INVESTOR ALERT: Hagens Berman Notifies Driven Brands (DRVN) Investors to Securities Class Action Following $800M Market Cap Wipeout
• Negative Sentiment: Several alerts reference the company’s admission that previously issued financial statements may be unreliable and call out a nearly 40% share‑price decline tied to that disclosure — signaling material reputational and financial risk. DRVN Fraud Reminder: Driven-Brands Investors with Losses may have been Affected by Securities Fraud – Contact BFA Law about Your Rights before May 8
• Negative Sentiment: At least one class action has been filed in federal court; ongoing litigation increases uncertainty around potential restatements, fines, and executive liability. Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Driven Brands Holdings Inc. (DRVN)

Driven Brands Stock Down 0.6%

Shares of Driven Brands stock opened at $10.48 on Friday. The business has a fifty day simple moving average of $14.81 and a 200 day simple moving average of $15.38. The stock has a market cap of $1.72 billion, a PE ratio of -8.45 and a beta of 1.09. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 2.44. Driven Brands Holdings Inc. has a 12 month low of $9.80 and a 12 month high of $19.74.

Driven Brands (NASDAQ:DRVN) last released its earnings results on Friday, March 13th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. Driven Brands had a positive return on equity of 25.31% and a negative net margin of 9.14%.The firm had revenue of $457.33 million for the quarter, compared to analyst estimates of $459.50 million. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Research analysts predict that Driven Brands Holdings Inc. will post 0.85 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DRVN shares. Zacks Research downgraded Driven Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 21st. BTIG Research reiterated a “buy” rating and issued a $21.00 price objective on shares of Driven Brands in a research report on Thursday, January 8th. Morgan Stanley dropped their price objective on Driven Brands from $20.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, January 15th. Benchmark reaffirmed a “buy” rating on shares of Driven Brands in a research note on Wednesday, December 3rd. Finally, William Blair upgraded shares of Driven Brands from a “market perform” rating to an “outperform” rating in a research report on Wednesday, December 3rd. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.00.

Insider Activity at Driven Brands

In related news, insider Scott L. O’melia sold 46,875 shares of the stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $16.00, for a total value of $750,000.00. Following the sale, the insider directly owned 326,944 shares in the company, valued at $5,231,104. This trade represents a 12.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.50% of the stock is currently owned by company insiders.

Driven Brands 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.