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Here are a few analogies for Driven Brands:

• The Yum! Brands of automotive services.
• ServiceMaster for your car.

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Driven Brands (DRVN) primarily provides various automotive aftermarket services:

• Paint, Collision & Glass Services: Providing comprehensive auto body repair, vehicle painting, and glass replacement following accidents or damage.
• Maintenance Services: Offering routine vehicle upkeep including quick oil changes, fluid checks, tire rotations, and filter replacements.
• Repair Services: Performing mechanical repairs such as brake services, engine diagnostics, exhaust repair, and suspension work.
• Tire Services: Sales, installation, balancing, rotation, and repair of vehicle tires.

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1. **Routine Automotive Maintenance & Repair Customers:** This category includes individual vehicle owners seeking regular preventative maintenance services such as oil changes, tire services (rotations, balancing, replacement), brake inspections and repairs, battery replacements, and general tune-ups. This encompasses services provided by brands like Take 5 Oil Change, Meineke Car Care Centers, and Merlin 24-hour Tire & Auto.
2. **Collision Repair Customers:** This category consists of individuals whose vehicles have sustained damage from accidents or other incidents and require bodywork, paint services, dent removal, and other structural or cosmetic repairs. Key brands serving this customer segment include Maaco and CARSTAR.
3. **Specialty & Convenience Service Customers:** This category serves individuals with specific needs such as auto glass repair and replacement, A/C system services, or those who prefer mobile and convenient automotive care options. This includes services related to auto glass (often through installers who use Driven Brands's distribution), specialized mechanical repairs offered by various brands, and mobile services like detailing and oil changes provided by brands such as Spiffy.

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• Valvoline Inc. (VVV)
• PPG Industries, Inc. (PPG)
• Advance Auto Parts, Inc. (AAP)
• Goodyear Tire & Rubber Company (GT)
• Michelin (ML)

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Danny Rivera President & Chief Executive Officer

Daniel Rivera assumed the role of President and Chief Executive Officer of Driven Brands effective May 9, 2025. He initially joined Driven Brands in November 2012 as Chief Information Officer. His progression within the company includes serving as Meineke Brand President in 2014, and in 2020, he was named Group President of the Maintenance segment and President of Take 5 Oil Change. Before his appointment as CEO, he held the position of Chief Operating Officer from February 2023 to May 2025. Prior to joining Driven Brands, Rivera was the Senior Director of Application Development, Business Intelligence, Infrastructure, and Security at AutoNation. He also held leadership roles at other major corporations such as GE, Motorola, and Burger King Corporation. Driven Brands is backed by Roark Capital Group, a private equity firm, indicating a pattern of managing companies supported by private equity firms during his tenure. Rivera holds a Bachelor of Science degree in computer engineering, cum laude, and a Juris Doctorate from Florida International University.

Mike Diamond Executive Vice President & Chief Financial Officer

Mike Diamond is the Executive Vice President and Chief Financial Officer at Driven Brands. He is responsible for finance and accounting, tax, treasury, internal audit, and investor relations. Before joining Driven Brands, he served as Executive Vice President and CFO of The Michaels Companies from August 2020 through July 2024. Prior to that, Diamond spent six years at Yum! Brands in various senior finance leadership roles, including CFO of Pizza Hut U.S. and Chief Growth Officer for Pizza Hut U.K. and Europe. His experience also includes four years as a consultant and project leader for The Boston Consulting Group and two years as a private equity analyst for Svoboda Capital Partners, demonstrating a background with private equity firms. He began his career as an investment banking analyst at Merrill Lynch & Co. Diamond earned a Bachelor of Business Administration from the University of Notre Dame and a Master of Business Administration from Harvard University.

Mo Khalid Executive Vice President & Chief Operating Officer

Mo Khalid serves as the Executive Vice President and Chief Operating Officer of Driven Brands. He rejoined Driven Brands in 2023 as Group President of the Maintenance Segment, having previously served as Chief Operating Officer of Meineke from 2016 to 2017. Between 2017 and 2023, he held senior operating roles at Great Wolf Resorts, including Senior Vice President of Field Operations. Khalid's earlier career also includes working in operations at Starwood Hotels & Resorts Worldwide and Burger King Corporation, and holding financial positions at Deutsche Bank and J.P. Morgan Chase. He holds an MBA from Columbia Business School and a B.S. in Finance from Rutgers Business School.

Scott O'Melia Executive Vice President, Chief Legal Officer

Scott O'Melia joined Driven Brands in May 2020 as Executive Vice President, Chief Legal Officer, overseeing all aspects of the company's legal function. Before Driven Brands, he was General Counsel and Vice President of Corporate Development for Caraustar Industries, where he was responsible for legal, corporate development, risk, safety, environmental, and real estate functions. From 2009 to 2012, O'Melia was Vice President, Corporate Counsel at Wendy's/Arby's Group, where his primary responsibilities included mergers and acquisitions, international franchising, and other transactions. He was also a partner at Alston & Bird from 2005 to 2009, with a focus on mergers and acquisitions, securities, private equity, and general corporate matters. O'Melia is a graduate of the University of Florida Levin College of Law ('96) and Ohio University ('91).

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The key risks to Driven Brands' (DRVN) business are as follows:

1. Shareholder Litigation, Corporate Governance, and Financial Transparency: Driven Brands is currently facing securities fraud lawsuits that allege material misrepresentations regarding its business integration capabilities and the performance of its car wash segment, which contributed to a significant stock price decline in 2023. This litigation brings corporate governance and financial transparency into question, highlighting ongoing legal and reputational risks despite recent management changes and divestitures.
2. Economic Fluctuations and Consumer Behavior: The demand for automotive services, which forms the core of Driven Brands' business, is highly susceptible to economic downturns and shifts in consumer spending. Economic volatility and changes in how consumers use and maintain their vehicles can adversely affect the company's revenue and growth trajectory.
3. Intense Market Competition and Dependence on Franchisee Performance: The automotive services industry is highly competitive, with numerous players vying for market share. Driven Brands must continuously differentiate its services and maintain competitive pricing. Furthermore, a substantial portion of its business operates through a franchised model, meaning the company's overall success and brand reputation are partly dependent on the operational efficiency and financial performance of its franchisees.

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The most clear emerging threat for Driven Brands (DRVN) is the accelerating transition of the automotive fleet towards Electric Vehicles (EVs) and the increasing penetration of Advanced Driver-Assistance Systems (ADAS) in new vehicles.

1. Electrification of the Automotive Fleet: EVs require significantly less traditional maintenance compared to Internal Combustion Engine (ICE) vehicles. This directly impacts Driven Brands' Maintenance segment, which relies heavily on services like oil changes, spark plug replacements, and engine-related repairs for brands such as Take 5 Oil Change and Meineke. As EV adoption rates continue to climb globally, the addressable market for these core maintenance services will gradually shrink, posing a long-term challenge to the growth and profitability of this significant segment. This mirrors the disruption seen when the iPhone rendered many of BlackBerry's core features less relevant by introducing a new technological paradigm.

2. Advanced Driver-Assistance Systems (ADAS) and Future Autonomous Vehicles (AVs): The increasing integration of ADAS technologies (e.g., automatic emergency braking, lane-keeping assist) in both ICE and EV vehicles has the potential to reduce the frequency and severity of certain types of collisions. While not fully realized, this trend could gradually decrease the overall volume of repair work for DRVN's Paint, Collision & Glass segment (e.g., Maaco, CARSTAR, ABRA). Furthermore, the repair and recalibration of ADAS-equipped vehicles and the specialized handling of EV battery packs require significant investment in new equipment, training, and processes, creating a barrier for less adaptable repair centers and potentially consolidating the market towards those with specialized capabilities.

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Driven Brands (DRVN) Addressable Markets:

• Automotive Maintenance (including Oil Change): The U.S. automotive service market, which encompasses maintenance and repair, is estimated at USD 199.38 billion in 2025.
• Car Wash: The car wash services market in the United States was valued at approximately USD 18.18 billion in 2025.
• Paint & Collision Repair: The U.S. automotive collision repair market size was valued at USD 34.73 billion in 2024.
• Glass Repair and Replacement: The Auto Windshield Repair Services industry in the United States is estimated to have a revenue of $8.3 billion in 2025.
• Platform Services: null

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Driven Brands anticipates several key factors to fuel its revenue growth in the coming 2-3 years, primarily focusing on organic expansion and enhancing existing operations:

1. Continued Expansion of Take 5 Oil Change Locations: Driven Brands is heavily investing in the growth of its Take 5 Oil Change segment through the addition of new company-operated and franchised units. This expansion is a primary driver, with plans to open approximately 60 company Take 5 Oil Change locations in 2024 and significant franchise growth expected to nearly double the franchise store count, aiming for franchisees to account for about 50% of total Take 5 locations over time.
2. Robust Same-Store Sales Growth in Take 5 Oil Change: The Take 5 Oil Change segment consistently delivers strong same-store sales growth, which is projected to continue at 5% or more. This growth is driven by increased average ticket size, the attachment of non-oil change services (now over 25% of Take 5's system-wide sales), and the penetration of premium synthetic oil offerings.
3. Overall Company Same-Store Sales Growth: Beyond the strong performance of Take 5, Driven Brands as a whole has a history of achieving positive same-store sales growth, with expectations for low-single-digit growth across its diversified portfolio. The company reported its 19th consecutive quarter of same-store sales growth, indicating a steady underlying demand for its needs-based automotive services.
4. Expansion of U.S. Glass Units: Driven Brands plans to grow its U.S. Glass units, specifically mentioning new unit expansion in this segment. The integration of its U.S. Glass acquisitions under the "Auto Glass Now" banner is expected to contribute to revenue, and the company is poised to leverage its long-standing insurance relationships within the glass and collision segments.
5. Growth in Advanced Driver-Assistance Systems (ADAS) Calibration Services: The increasing prevalence of ADAS in new vehicles presents a significant growth opportunity for Driven Brands. With approximately 90% of newly sold vehicles equipped with ADAS, the company expects ADAS calibration services to independently contribute 2-3% to same-store sales growth through 2026, particularly within its glass segment.

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Share Repurchases

• Driven Brands authorized a share repurchase program of up to $50 million on August 22, 2023, which was set to run through March 31, 2025.
• By September 15, 2023, over half of this authorized amount had been utilized.
• Fiscal year 2024 results, reported on February 25, 2025, indicate that approximately $49.956 million was used for share repurchases.

Share Issuance

• On May 9, 2024, stockholders approved an expansion of the company's 2021 Omnibus Plan by 10 million shares and extended it until 2034.
• The number of common shares outstanding increased by 1.19% in the year leading up to November 3, 2025, reaching 164.45 million shares.
• Between September 28, 2024, and September 27, 2025, shares were issued related to the Employee Stock Purchase Plan and for the exercise/vesting of share-based compensation awards.

Outbound Investments

• Driven Brands strategically acquires companies and assets to expand its market footprint and diversify its service offerings.
• The company announced a definitive agreement to sell its U.S. car wash business to Express Wash Operations, LLC dba Whistle Express Car Wash.

Capital Expenditures

• In the last 12 months as of November 3, 2025, capital expenditures amounted to approximately $236.58 million.
• Driven Brands plans to significantly reduce growth capital in 2024 and focus on de-leveraging.
• The primary focus of capital expenditures will be to continue investing in and growing the Oil Change and U.S. Glass segments, while pausing future growth capital for the U.S. Car Wash business.