Company says collision network outperforms a soft repair industry by about 200 basis points while Maaco stays under pressure. Driven Brands Holdings Inc. (NASDAQ: DRVN), the parent company of collision repair networks CARSTAR, Abra and Fix Auto USA and paint franchise Maaco, on Aug. 6 reported second quarter revenue increased 6.8% to $507.4 million, with […]
Driven Brands Board Rejects ADW Capital’s $18 Per Share Buyout Proposal
The board of Driven Brands Holdings Inc. (NASDAQ: DRVN) unanimously rejected an unsolicited $18 per share cash proposal from activist investor ADW Capital Management LLC, the company announced Aug. 3, calling the offer highly conditional and short of the company’s value. Driven Brands is the parent of collision repair networks CARSTAR, Abra and Fix Auto […]
Fix Auto USA Opens Ontario, California Location
Fix Auto USA opened a new collision repair facility in Ontario, Calif., co-owned by Selvi Rizk-Menard, a two-time Fix Auto USA Franchisee of the Year, and Erick Bickett, a co-founder of the franchise network. The center, at 4930 Vanderbilt St. in Ontario, marked the launch with a grand opening event that drew about 100 attendees. […]
Driven Brands Reports First Quarter Revenue of $484.4 Million
Sees collision repair industry stabilizing in 2026. Driven Brands Holdings Inc. (NASDAQ: DRVN), the parent company of collision repair networks CARSTAR, Abra and Fix Auto USA and paint franchise Maaco, on June 11 reported first quarter 2026 revenue increased 8% to $484.4 million, with same-store sales up 2.1% across the company’s portfolio. The report marks […]
Driven Brands Issues Preliminary 2025, Q1 2026 Results
Receives Nasdaq deficiency dotice on delayed 10-K. Driven Brands Holdings Inc. (NASDAQ: DRVN) on April 21 disclosed preliminary unaudited financial results for the fourth quarter and fiscal year ended Dec. 27, 2025, and for the first quarter ended March 28, 2026, and said it has received a Nasdaq deficiency notice tied to its delayed annual […]
AIA Canada Names Three New Directors, Installs Fountain Tire CEO as Chair
The Automotive Industries Association of Canada elected three new directors to its board and installed Fountain Tire CEO Jason Herle as chair during the association’s 84th annual general meeting, held virtually April 16. The incoming directors are Daryll O’Keefe, vice president of North American strategic business development at Fix Network; Sabrina Thring, brand president of […]
Fix Auto USA Opens Spring Valley, California Location
Fix Auto USA announced the opening of a new collision repair facility in Spring Valley, Calif., with owner Fadi Odish marking the launch with a March 13 grand opening event. Fix Auto USA has more than 200 locations across the United States as part of Driven Brands. “We’re thrilled to officially open our doors and […]
Driven Brands Collision Group Sets Chicago as Site of July 15-17 Impact 2026 Conference
Franchise partners from Abra, CARSTAR and Fix Auto USA will gather in Chicago from July 15-17 for the Driven Brands Collision Group’s fourth annual U.S. collision repair conference, the company announced March 24. The three-day event, branded “Impact 2026,” will be held at the Hilton Chicago. The conference brings together franchise partners, Driven Brands team […]
Driven Brands Delays Earnings Release, Will Restate Financials After Audit Committee Finds Material Errors
Driven Brands Holdings Inc. (NASDAQ: DRVN), the parent company of collision repair networks CARSTAR, Abra and Fix Auto USA, said its audit committee found material errors in previously issued financial statements and that the company will restate results for fiscal 2023 and 2024 and several interim periods. Driven Brands also said it is delaying the […]
Driven Brands Completes Sale of International Car Wash Business
Driven Brands Holdings Inc. announced yesterday it has completed the previously announced sale of IMO, its international car wash business, to Franchise Equity Partners for approximately €411 million ($490.5 million). The company said cash proceeds from the transaction will primarily be used to pay down debt. “The completion of this transaction is a strategic milestone […]
- 1
- 2
- 3
- …
- 11
- Next Page »