Driven Brands

OverviewSuggest Edit

Driven Brands is an automotive services company. It provides a range of consumer and commercial automotive needs, including paint, collision, glass, vehicle repair, oil change, maintenance, and carwash. The company also offer aftermarket automotive care with services that include preventative and routine maintenance keeping your vehicle safe and healthy; distributes select automotive aftermarket parts to parts stores, repair facilities, and service stations as well as provides consulting services.
TypePublic
Founded2006
HQCharlotte, NC, US
Websitedrivenbrands.com
Employee Ratings2.7
Overall CultureB

Latest Updates

Employees (est.) (Dec 2020)6,900(+41%)
Job Openings103
Revenue (FY, 2020)$904.2 M(+51%)
Share Price (Jun 2022)$26.4
Cybersecurity ratingBMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Key People/Management at Driven Brands

Jonathan Fitzpatrick

Jonathan Fitzpatrick

President, Chief Executive Officer and Director
Tiffany Mason

Tiffany Mason

Executive Vice President and Chief Financial Officer
Scott O'Melia

Scott O'Melia

Executive Vice President, General Counsel
Matt Meier

Matt Meier

Executive Vice President & Chief Digital and Data Officer
Dennis Elliott

Dennis Elliott

Executive Vice President, Development and M&A
Danny Rivera

Danny Rivera

Executive Vice President & Group President, Maintenance
Show more

Driven Brands Office Locations

Driven Brands has an office in Charlotte
Charlotte, NC, US (HQ)
440 S Church St #700
Show all (1)

Driven Brands Financials and Metrics

Driven Brands Revenue

Driven Brands's revenue was reported to be $904.2 m in FY, 2020 which is a 50.6% increase from the previous period.
USD

Revenue (Q3, 2021)

371.1m

Net income (Q3, 2021)

33.1m

EBIT (Q3, 2021)

63.7m

Market capitalization (20-Jun-2022)

4.4b

Closing stock price (20-Jun-2022)

26.4

Cash (25-Sept-2021)

115.4m

EV

6.8b
Driven Brands's current market capitalization is $4.4 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

492.7m600.3m904.2m

Revenue growth, %

22%51%

Sales and marketing expense

75.0m69.8m62.0m

General and administrative expense

125.8m142.2m218.3m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

180.1m167.8m267.8m329.4m374.8m371.1m

General and administrative expense

51.1m45.5m56.6m69.1m77.9m71.6m

Operating expense total

164.4m146.5m229.7m279.7m311.2m307.4m

Depreciation and amortization

7.8m8.6m16.2m23.9m26.4m28.4m
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

37.5m34.9m172.6m

Accounts Receivable

42.1m74.1m84.8m

Prepaid Expenses

11.2m14.5m25.1m

Inventories

8.5m26.1m43.0m
Quarterly
USDQ3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

184.4m175.4m147.3m115.4m

Accounts Receivable

88.3m104.2m106.8m110.9m

Prepaid Expenses

17.1m45.7m28.2m26.0m

Inventories

42.5m42.9m41.9m44.3m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

7.1m7.8m(4.2m)

Depreciation and Amortization

19.8m24.2m62.1m

Inventories

(269.0k)(5.5m)(2.9m)

Accounts Payable

(9.1m)13.8m(4.5m)
Quarterly
USDQ3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

18.3m(3.9m)(856.0k)3.3m(19.9m)15.2m48.3m

Depreciation and Amortization

15.2m7.8m16.4m32.7m23.9m50.3m78.7m

Inventories

(1.6m)(1.9m)(577.0k)(1.3m)135.0k(396.0k)(3.3m)

Accounts Payable

16.8m21.4m11.7m10.3m638.0k3.9m(3.9m)
USDFY, 2018

Debt/Equity

1.6 x

Debt/Assets

0.5 x

Financial Leverage

3 x
Show all financial metrics

Driven Brands Operating Metrics

FY, 2017FY, 2018FY, 2019FY, 2020

Countries

221515

Franchise Stores

2.29 k2.28 k2.61 k2.75 k

Directly Operated Stores

297305496738

Third Party Operated Stores

736

Driven Brands Acquisitions / Subsidiaries

Company NameDateDeal Size
International Car Wash Group Financing PLCAugust 03, 2020
International Car Wash Group LTD.August 03, 2020
RC IV Cayman ICW LLCAugust 03, 2020
Shine Holdco (UK) LimitedAugust 03, 2020$809 m
Fix Auto USAApril 20, 2020$31.46 m
Clairus Group USA Holdco, LLCNovember 14, 2019
Clairus Group USA, LLCNovember 14, 2019$214 m
Clairus Group USA Midco, LLCNovember 14, 2019
Automotive Training Institute, LLCNovember 05, 2019$52 m
ABRA Franchising, LLCOctober 01, 2019
Show more

Driven Brands Revenue Breakdown

Embed Graph

Driven Brands revenue breakdown by business segment: 15.4% from Platform Services, 18.3% from Paint, Collision & Glass, 46.1% from Maintenance, 16.6% from Car Wash and 3.6% from Other

Driven Brands revenue breakdown by geographic segment: 7.4% from Rest of world, 79.8% from United States and 12.8% from Canada

Driven Brands Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

Driven Brands Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Driven Brands Online and Social Media Presence

Embed Graph

Driven Brands Company Culture

  • Overall Culture

    B

    71/100

  • CEO Rating

    D

    60/100

  • Compensation

    C+

    69/100

Learn more on Comparably

Driven Brands News and Updates

Driven Brands to Present at the William Blair 42nd Annual Growth Stock Conference

CHARLOTTE, N.C., May 31, 2022 (GLOBE NEWSWIRE) -- Driven Brands Holdings Inc. (NASDAQ: DRVN) will present at the William Blair 42nd Annual Growth Stock Conference on June 7, 2022. Jonathan Fitzpatrick, President and CEO, and Tiffany Mason, EVP and CFO, will be presenting at approximately 8:40am CT…

asTech and Driven Brands partner to deliver world-class diagnostics, calibrations, and programming

PLANO, Texas, May 11, 2022 /PRNewswire/ -- asTech, a Repairify company, today announced a partnership with Driven Brands to establish a formal scanning diagnostics program that enables its network of automotive collision repair centers to access the full suite of asTech solutions for the...

Driven Brands Holdings Inc. Reports Fourth Quarter and Fiscal Year 2021 Results

Delivers Strong Same-Store Sales and Net Store Growth

Driven Brands Holdings Inc. to Report Fourth Quarter and Fiscal 2021 Results on February 16, 2022

CHARLOTTE, N.C., Feb. 09, 2022 (GLOBE NEWSWIRE) -- Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands”) will release fourth quarter and fiscal 2021 financial results before the market opens on February 16, 2022. Following the release, Driven Brands will host a conference call at 9:00 a.m. …

Driven Brands Expands Auto Glass Offering into the U.S.

CHARLOTTE, N.C., Jan. 04, 2022 (GLOBE NEWSWIRE) -- Driven Brands Holdings Inc. (NASDAQ: DRVN), North America’s largest automotive services company, announces the expansion of its auto glass offering into the U.S. with the acquisition of Auto Glass Now® (AGN).

Driven Brands to Present at the Morgan Stanley Virtual Global Consumer & Retail Conference

CHARLOTTE, N.C., Nov. 23, 2021 (GLOBE NEWSWIRE) -- Driven Brands Holdings Inc. (NASDAQ: DRVN) announces that Jonathan Fitzpatrick, president and chief executive officer, and Tiffany Mason, executive vice president and chief financial officer, will present at the Morgan Stanley Virtual Global Consu…
Show more

Driven Brands Blogs

Driven Brands completes fourth auto glass acquisition in the U.S.

Driven Brands announced the continued expansion of its auto glass offering in the U.S. with the acquisition of Indiana-based Perfection Auto Glass. The total addressable market for auto glass repair in North America is approximately $5 billion and growing. Perfection Auto Glass was founded almost 20…

Driven Brands IPO recognized as a 2022 Dealmaker

Every year, the Franchise Times announces the winners of its annual Dealmakers Awards, recognizing the boldest players driving mergers and acquisitions in franchising. This year, Driven Brands was among them, earning the distinction after our “explosive” initial public offering on Jan. 14, 2021. Our…

Continuing momentum, Driven Brands opens 350th car wash

Following a banner year for Driven Brands Car Wash North America with more than 110 new locations in 2021, the company continues its growth trajectory. On May 20, Driven Brands celebrated another significant milestone – opening its 350th express car wash in Little Rock, Arkansas. The 350th location …

A 1972 Corvette to celebrate Meineke’s 50th anniversary

At the 2022 Meineke Convention, Janet Cummings won the prize of a lifetime: a 1972 convertible Chevrolet Corvette – in bright Meineke yellow. The 50-year old classic car pays homage to Meineke’s 50th anniversary, which is being celebrated this year. “We love it,” she says with a laugh. “My husband h…

Tax refund delays change consumer spending plans

When people receive their tax refunds has a big impact on how they choose to spend those dollars, according to new research from Driven Brands. Sixty percent of those expecting a delay in when they will receive their refund — because of processing delays at the IRS — said it will affect how they spe…

Fifth Take 5 Oil Change and Car Wash co-development opens

In early March, Driven Brands held a grand opening of a Take 5 Oil Change and Car Wash co-development in Edinburg, Texas. Driven Brands has at least 10 more of these innovative locations in this year’s pipeline. The co-developments are planned for Tennessee, North Carolina, Indiana, Missouri, Florid…
Show more

Driven Brands Frequently Asked Questions

  • When was Driven Brands founded?

    Driven Brands was founded in 2006.

  • Who are Driven Brands key executives?

    Driven Brands's key executives are Jonathan Fitzpatrick, Tiffany Mason and Scott O'Melia.

  • How many employees does Driven Brands have?

    Driven Brands has 6,900 employees.

  • What is Driven Brands revenue?

    Latest Driven Brands annual revenue is $904.2 m.

  • What is Driven Brands revenue per employee?

    Latest Driven Brands revenue per employee is $131 k.

  • Who are Driven Brands competitors?

    Competitors of Driven Brands include Safelite, Mister Car Wash and Monro.

  • Where is Driven Brands headquarters?

    Driven Brands headquarters is located at 440 S Church St #700, Charlotte.

  • Where are Driven Brands offices?

    Driven Brands has an office in Charlotte.

  • How many offices does Driven Brands have?

    Driven Brands has 1 office.