Paint, Collision & Glass segment same-store sales up 11.4% in quarter. Driven Brands Holdings Inc. (NASDAQ:DRVN) reported revenue was $391.9 million in its fourth quarter ended December 25, 2021, an increase of 36% versus the prior year. System-wide sales were $1.2 billion, an increase of 26% versus the prior year, with 6% net store growth […]
Driven Brands Acquires Auto Glass Now for $170 Million
Expands auto glass into the U.S. with purchase of group with more than 75 locations. Driven Brands Holdings Inc. (NASDAQ:DRVN) announced the expansion of its auto glass offering into the U.S. with the acquisition of Auto Glass Now (AGN). Driven Brands acquired AGN for approximately $170 million on December 30, 2021. As part of the […]
Driven Brands Expands to Over 300 Car Washes in the U.S. Following Acquisition of 16 Locations
Driven Brands Holdings Inc. (NASDAQ: DRVN) announced the acquisition of its 100th car wash since entering the business in August 2020 with the acquisition of the International Car Wash Group. This milestone highlights the speed at which Driven Brands is expanding in one of its newest business segments. This brings the total number of Driven […]
Driven Brands Reports Third Quarter Revenue of $371.1 Million, Up 39% Over Last Year
Driven Brands Holdings Inc. (NASDAQ: DRVN) today reported financial results for the third quarter ended September 25, revenue was $371.1 million, an increase of 39% versus the prior year. System-wide sales were $1.2 billion, an increase of 28% versus the prior year, with 4% net store growth and an increase in consolidated same-store sales of […]
Driven Brands Reports Adding 57 New Collision Repair Centers in First Half of 2021
Driven Brands Collision announced its collision repair networks, ABRA Auto Body Repair of America, CARSTAR and Fix Auto USA, had strong operational performance across its brands and added 57 new collision repair centers in the first half of 2021. ABRA Auto Body Repair of America continues to outpace the industry in it’s returned-to-shop metric, maintaining […]
Driven Brands Reports First Quarter Revenue Up 83% Over Prior Year
Same store sales up 0.5%, Paint, Collision & Glass group down over 9% compared to last year. Driven Brands Holdings Inc. (NASDAQ: DRVN) on April 28 reported revenue for its first quarter ended March 27 was $329.4 million, an increase of 83% versus the prior year. The company attributed the growth to its acquisition of […]
Driven Brands Holdings Reports Revenue of $904 Million for 2020
Driven Brands Holdings Inc. (NASDAQ: DRVN) today reported financial results for the fourth quarter and fiscal year ended December 26, 2020. For the fourth quarter, revenue was $288.5 million, an increase of 58% versus the prior year. Loss per share was $(0.06) for the fourth quarter, while adjusted earnings per share2 was $0.01. The revenue […]
Driven Brands Launches Initial Public Offering
Driven Brands Holdings Inc. announced that it has launched the roadshow for its proposed initial public offering that CollisionWeek reported earlier this week. The company is offering 38,000,000 shares of its common stock. The initial public offering price is expected to be between $17.00 and $20.00 per share and could raise of $700 million. Roark […]
Driven Brands Files for Initial Public Offering
Driven Brands Holdings filed on December 22 with the U.S. Securities and Exchange Commission (SEC) to raise up to $100 million in an initial public offering. Rennaissance Capital said, however, the deal is likely a placeholder for an IPO we estimate could raise up to $600 million. Driven Brands franchise network has 4,100 locations across […]
Driven Brands Hosts Joint Virtual Summit for ABRA, CARSTAR and Fix Auto USA Collision Repair Brands
For the first time, Driven Brands family of collision repair companies will gather virtually for its 2020 convention – themed UNIT3D. “Our goal is to create a united group of brands that collectively help build our business and drive our success,” said Dean Fisher, president of the Driven Brands Collision Group. “This virtual summit is […]
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