Driven Brands Holdings Inc.

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Driven Brands Holdings Inc. (NASDAQ: DRVN) resulting from allegations that Driven Brands may have issued materially misleading business information to the investing public.

If you purchased Driven Brands securities and would like to join the prospective action, please click “Join This Class Action.”

If you purchased Driven Brands securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On August 2, 2023, Driven Brands announced weak second quarter 2023 results and issued weaker than expected third quarter 2023 guidance and lowered full year 2023 guidance. During the earnings call, management blamed increased competition in the car wash business over the prior two years. In addition, management said it is now “a few quarters behind” integrating the two auto glass acquisitions.

On this news, Driven Brands’ stock price fell $10.63 per share, or 41.15%, to close at $15.20 per share on August 2, 2023.

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Company Name: Driven Brands Holdings Inc.
Stock Symbol: DRVN
Class Period: N/A
Court: N/A

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