Driven Brands (DRVN) Reports $1.86 Billion Revenue Amid Sell-Off

AI Summary

Driven Brands (DRVN) generated $1.86 billion in revenue for fiscal 2025, marking a 6% increase year-over-year. III Capital Management sold 255,860 shares of Driven Brands, totaling an estimated $3.60 million, contributing to a decline in the fund’s stake by $3.96 million due to stock price changes. As of the latest price, Driven Brands shares stood at $13.77, a 22% decrease over the past year, while the S&P 500 increased by 28% in the same timeframe. Despite the stock's struggles, the underlying business displayed stabilization, with Take 5 Oil Change achieving 6.2% same-store sales growth for the year.