Driven Brands launches USD 100 million buyback: BofA downgrades Driven Brands stock to Underperform

Published on 10/05/2026 at 21:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 7.00 percent to USD 507.4 million. Driven Brands stock costs EUR 10.35 on October 5, 2026 after EUR 10.35, plus 0.00 percent.

DRVN, US26210V1026, Illustration mit AI erstellt.

Driven Brands (US26210V1026) was trading at EUR 10.35 at Lang & Schwarz on October 5, 2026 at 9:12 p.m. CEST, unchanged versus the prior close of EUR 10.35. The latest corporate action is a USD 100.0 million share buyback authorized on September 15, 2026, while BofA downgraded the company to Underperform and set a USD 12.00 price target on September 10, 2026.

Buyback adds a capital signal

According to MarketScreener on September 15, 2026, the board authorized the USD 100.0 million repurchase plan. The announcement came alongside a scheduled Goldman Sachs consumer and retail conference presentation, giving the capital decision a near-term investor communication context.

The buyback is notable because the company is balancing shareholder returns with expansion across automotive services. Driven Brands operates oil-change, repair, collision, glass, maintenance and car-wash businesses, with more than 4,800 locations according to its investor-relations overview.

Revenue growth meets a lower target

Driven Brands reported revenue of USD 507.4 million for the second quarter ended June 27, 2026, up 7.00 percent from the prior year, according to Driven Brands. The same quarterly highlights show USD 107.0 million of adjusted EBITDA, USD 1.6 billion in system-wide sales and 1.40 percent same-store sales growth.

The second-quarter figures give the buyback a concrete operating backdrop, but BofA's September 10 action points to a more cautious valuation view. As MarketScreener reported, BofA moved its rating from Buy to Underperform and assigned a USD 12.00 target.

Stock holds near the lower range

On Nasdaq, Driven Brands was last at USD 11.62 at 3:15 p.m. EDT on October 5, 2026, down USD 0.06 from USD 11.68 and within its USD 9.80 to USD 17.30 52-week range. The company had a market capitalization of USD 1.9 billion on the same date.

For investors, the central tension is visible in the numbers: quarterly revenue grew 7.00 percent, while the stock remains USD 0.38 below BofA's USD 12.00 target. The EUR 10.35 Lang & Schwarz price was unchanged after-hours on October 5, 2026, with EUR 10.35 as the prior close from October 2, 2026.