Pullen Investment Management LLC acquired a new stake in Driven Brands Holdings Inc. (NASDAQ:DRVN – Free Report) during the 4th quarter, HoldingsChannel reports. The firm acquired 80,894 shares of the company’s stock, valued at approximately $1,199,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DRVN. SG Americas Securities LLC boosted its stake in shares of Driven Brands by 513.0% during the 4th quarter. SG Americas Securities LLC now owns 116,957 shares of the company’s stock valued at $1,733,000 after buying an additional 97,879 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Driven Brands by 37.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,886 shares of the company’s stock worth $208,000 after acquiring an additional 3,798 shares during the last quarter. Emeth Value Capital LLC increased its stake in shares of Driven Brands by 17.8% in the fourth quarter. Emeth Value Capital LLC now owns 3,846,166 shares of the company’s stock worth $57,000,000 after acquiring an additional 582,255 shares during the last quarter. Tudor Investment Corp ET AL raised its holdings in shares of Driven Brands by 63.2% during the third quarter. Tudor Investment Corp ET AL now owns 155,000 shares of the company’s stock worth $2,497,000 after acquiring an additional 60,000 shares in the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in shares of Driven Brands during the third quarter worth $369,000. Hedge funds and other institutional investors own 77.08% of the company’s stock.
Insider Activity
In other news, insider Scott L. O’melia sold 46,875 shares of the company’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $16.00, for a total transaction of $750,000.00. Following the completion of the sale, the insider owned 326,944 shares in the company, valued at approximately $5,231,104. This represents a 12.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.50% of the company’s stock.
Driven Brands Stock Performance
Key Stories Impacting Driven Brands
Here are the key news stories impacting Driven Brands this week:
- Positive Sentiment: Brokerage consensus still shows some buy-side support (consensus “Moderate Buy”), which could cap downside if fundamentals are restored. Driven Brands Given Consensus Rating of Moderate Buy
- Negative Sentiment: Class action filed after Driven Brands disclosed widespread accounting errors and internal control failures; law firm Bleichmar Fonti & Auld says the disclosure caused the stock to drop nearly 40%. This is the core catalyst driving today’s weakness. $DRVN Stock News: Driven Brands Investors Bring Securities Class Action
- Negative Sentiment: Hagens Berman notifies investors of a securities class action tied to pervasive accounting errors and internal control failures spanning 2023–2025 — adds another high-profile plaintiff firm and legal pressure. Hagens Berman Notifies Driven Brands Investors
- Negative Sentiment: Multiple firms (Rosen, Faruqi, Pomerantz, Frank R. Cruz, Bernstein Liebhard, Bragar Eagel & Squire, Bronstein, etc.) are soliciting lead plaintiffs and reminding shareholders of the May 8, 2026 lead-plaintiff deadline — this coordination increases likelihood of consolidated litigation and potential settlements. Example: Rosen Law reminder. Rosen Law Firm Encourages Driven Brands Investors to Secure Counsel
- Negative Sentiment: PR outreach from several plaintiff firms (e.g., Faruqi & Faruqi; Frank R. Cruz; Bronstein) highlights active recruitment of plaintiffs and claims covering purchases between May 9, 2023 and Feb 24, 2026 — watch for developments on alleged misstatements, restatement scope and any executive-level exposure. Example: Faruqi reminder. Faruqi & Faruqi Reminds Investors of Securities Class Action Deadline
Analyst Upgrades and Downgrades
A number of brokerages have commented on DRVN. Freedom Capital upgraded Driven Brands to a “strong-buy” rating in a research note on Monday, March 23rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Driven Brands in a research note on Friday, March 27th. Zacks Research upgraded Driven Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, March 19th. BTIG Research reissued a “buy” rating and issued a $21.00 price target on shares of Driven Brands in a research note on Thursday, January 8th. Finally, Wall Street Zen downgraded Driven Brands from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $19.71.
Check Out Our Latest Stock Analysis on Driven Brands
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.
Featured Stories
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