Driven Brands stock launches a USD 100 million buyback plan

Published on 10/05/2026 at 23:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Driven Brands stock was last at USD 11.65 on October 5, 2026, after the company authorized a USD 100 million repurchase. Q2 revenue reached USD 507.4 million.

DRVN, US26210V1026, Illustration mit AI erstellt.

Driven Brands stock (ISIN US26210V1026) was last at USD 11.65 on Nasdaq on October 5, 2026, with a daily change of minus 0.26 percent. The company had authorized a USD 100 million share repurchase plan on September 15, 2026, giving capital allocation a central role in the investment case.

Buyback reshapes capital allocation

Driven Brands said on September 15, 2026, that its board authorized repurchases of up to USD 100 million in common stock, funded by available cash and ongoing cash flows. The same announcement set a long-term net leverage target of 2 to 3 times net debt to adjusted EBITDA and said leverage was expected to reach 3.0 times at the end of Q3 2026.

The authorization has no stated expiration date, but the company is not obligated to repurchase shares and may discontinue the program. That makes the announcement a capital-return framework rather than a fixed purchase schedule.

Q2 revenue reaches USD 507.4 million

Driven Brands lists Q2 2026 revenue at USD 507.4 million, adjusted EBITDA at USD 107 million, same-store sales growth at 1.4 percent and system-wide sales at USD 1.6 billion. The figures show continued top-line expansion alongside a more modest same-store sales increase.

The company operates more than 4,800 locations across automotive services including oil changes, collision repair, glass, maintenance and car washing, according to its investor-relations overview. Take 5 remains a key growth brand, while the capital plan also leaves room for acquisitions where management sees attractive opportunities.

Consensus target stays above Nasdaq price

MarketBeat reported on September 25, 2026, that 17 analysts carried a Moderate Buy consensus, with an average 12-month target of USD 16.23. The published target range was USD 12.00 to USD 23.00, and the average target lies 39.3 percent above the USD 11.65 Nasdaq price.

The range also captures the split in views: the low target is only USD 0.35 above the October 5 price, while the high target is USD 11.35 higher. The contrast puts execution on revenue growth, same-store sales and leverage reduction ahead of the repurchase authorization.

Driven Brands stock stays below USD 12

Driven Brands stock was last at USD 11.65 on Nasdaq at 4:00 p.m. ET on October 5, 2026. Its 52-week range was USD 9.80 to USD 17.30, while market capitalization stood at USD 1.9 billion and volume reached 843,394 shares.