Abra, CARSTAR and Fix Auto USA franchise partners continued their collective efforts Saturday in Florida as part of the inaugural Driven Brands U.S. collision repair joint conference, along with Driven Brands team members, vendors, and industry leaders from across the U.S. The final day of the Evolution 2023 conference featured the Fenders and Fairways golf […]
Driven Brands Inaugural Collision Repair Segment Conference Opens in Florida
Driven Brands’ Abra, CARSTAR and Fix Auto USA franchise partners gathered in Florida for the kick off of the inaugural Driven Brands U.S. collision repair joint conference on Thursday, September 28, along with Driven Brands team members, vendors and industry leaders from across the U.S. The Evolution 2023 conference will run through Saturday, September 30, […]
Driven Brands to Host Inaugural Combined U.S. Collision Repair Conference September 28
Abra, CARSTAR and Fix Auto USA franchise partners will gather in Florida. Driven Brands will kick off the inaugural Driven Brands U.S. collision repair joint conference on Thursday, September 28, with franchise partners from Abra, CARSTAR, and Fix Auto USA, along with Driven Brands team members, vendors, and industry leaders from across the U.S. The […]
Driven Brands Authorizes $50 Million Share Repurchase Program
Driven Brands Holdings Inc. (NASDAQ: DRVN) announced that its Board of Directors has authorized the Company, at its discretion, to repurchase up to $50 million of its common shares outstanding through March 31, 2025. The share repurchase will be funded through a combination of cash on hand, cash flow from operations, and the Company’s revolving […]
Collision Repair Education Foundation Announces Over $130,000 in Scholarships and Tool Grants
Nearly 90 collision repair students receive industry support facilitated by CREF. The Collision Repair Education Foundation (CREF) announced the recipients of its 2023 Scholarships and Tool Grants, funded through the generosity of a multitude of small and large industry partners. With the industry’s support, CREF funded over $130,000 in 2023 scholarships and tool grants, benefitting […]
Driven Brands Reports Second Quarter Revenue Up 19%
Paint, Collision & Glass segment same-store sales up over 12%. Driven Brands Holdings Inc. (NASDAQ:DRVN) on August 2 reported revenue of $606.9 million for the second quarter ended July 1, up 19% compared to last year. System-wide sales were $1.7 billion, up 18 percent versus the prior year driven by 8 percent same-store sales growth […]
Driven Brands Wraps Inaugural Combined Canadian Conference with Celebration
Franchise Partners from CARSTAR Canada and Driven Glass Canada raised more than CA$150,000 to benefit charitable partners across Canada. Driven Brands closed out its inaugural Driven Brands Canadian joint conference in the same spirit with which it began – excitement, conviviality and a commitment to evolving and growing together. The celebration, Evolution 2023, was held […]
Driven Brands Collision Repair Companies Kick Off Third Annual Shine Season Summer Fundraising
Driven Brands collision repair companies CARSTAR U.S., CARSTAR Canada, Fix Auto USA, and Abra, kick off the summer fundraising initiative, Shine Season, today. The June through August initiative encourages franchise partners and members of the collision corporate staff to get involved with the Cystic Fibrosis Foundation and Cystic Fibrosis Canada to raise funds for cystic […]
Gary Ferrera Named Executive Vice President and Chief Financial Officer at Driven Brands
Driven Brands Holdings Inc. (NASDAQ:DRVN) announced that Gary W. Ferrera has been appointed Executive Vice President and Chief Financial Officer, effective May 10. Ferrera will report to President and Chief Executive Officer Jonathan Fitzpatrick and succeeds Tiffany Mason. “Gary is a proven leader who brings deep experience leading financial teams, a strong track record in […]
Driven Brands Reports Revenue Up 20% in First Quarter
Paint, collision repair and glass segment same store sales were up 14%. Driven Brands Holdings Inc. (NASDAQ:DRVN) reported revenue of $562.5 million for the first quarter ended April 1, up 20 percent versus the prior year. System-wide sales were $1.5 billion, up 19 percent versus the prior year driven by 9 percent same-store sales growth […]
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