Driven Brands Shareholder Class Action Reminder
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 25 2026
0mins
Should l Buy DRVN?
Source: PRnewswire
- Class Action Notice: Rosen Law Firm reminds investors who purchased Driven Brands stock between May 9, 2023, and February 24, 2026, that they must apply to be lead plaintiff by May 8, 2026, to participate in the class action and seek compensation.
- Fee Arrangement: Investors joining the class action will incur no upfront costs, as the law firm will operate on a contingency fee basis, minimizing the financial burden on investors.
- Lawsuit Background: The lawsuit alleges that Driven Brands made false and misleading statements in financial reports from 2023 to 2025, resulting in overstated revenues and cash for 2023 and 2024, causing significant investor losses when the true financial condition was revealed.
- Law Firm's Strength: Rosen Law Firm specializes in securities class actions, having recovered over $438 million for investors in 2019 alone, and was ranked first in 2017 for the number of securities class action settlements, demonstrating its strong expertise and track record in this field.
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Analyst Views on DRVN
Wall Street analysts forecast DRVN stock price to rise
8 Analyst Rating
7 Buy
1 Hold
0 Sell
Strong Buy
Current: 12.390
Low
17.00
Averages
21.14
High
24.00
Current: 12.390
Low
17.00
Averages
21.14
High
24.00
About DRVN
Driven Brands Holdings Inc. is an automotive services company in North America, providing a range of consumer and commercial automotive services, including paint, collision, glass, vehicle repair, oil change and maintenance. The Company's segments include Take 5 and Franchise Brands. The Take 5 segment is primarily composed of the Company and franchise-operated Take 5 Oil Change business. The Franchise Brands segment is primarily composed of its portfolio of franchise brands, which include CARSTAR, Meineke Car Care Centers, Maaco and 1-800-Radiator & A/C, along with other smaller brands and services for both retail and commercial customers such as commercial fleet operators and insurance carriers. Its AutoGlassNow businesses provide glass replacement and calibration services to commercial, retail and insurance customers. Its subsidiaries include All Star Glass, LLC, AGN Glass, LLC, Carstar Canada GP Corp, Boing US Holdco, Inc, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Driven Brands Shareholder Class Action Reminder
- Class Action Notice: Rosen Law Firm reminds investors who purchased Driven Brands stock between May 3, 2023, and February 24, 2026, to apply as lead plaintiffs by May 8, 2026, to participate in the class action, as those who do not will be ineligible for compensation.
- Lawsuit Background: The lawsuit alleges that Driven Brands had significant weaknesses in its internal controls over financial reporting, resulting in material errors in its financial statements for fiscal years 2023 and 2024, undermining investor confidence in the company's operations and prospects, potentially leading to investor losses.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and secured over $438 million for investors in 2019 alone, being ranked first by ISS for the number of securities class action settlements in 2017, showcasing its expertise in this field.
- Investor Selection Advice: Investors are advised to carefully choose law firms with a proven track record of success, avoiding those that merely act as intermediaries, to ensure effective legal representation and support in the class action.
See More
Driven Brands Class Action Reminder
- Class Action Notice: Rosen Law Firm reminds investors who purchased Driven Brands stock between May 3, 2023, and February 24, 2026, to apply as lead plaintiffs by May 8, 2026, to participate in the class action and potentially receive compensation.
- Fee Arrangement: Investors joining the class action will incur no out-of-pocket costs, as the law firm operates on a contingency fee basis, which reduces financial barriers and encourages broader participation.
- Lawsuit Background: The lawsuit alleges that Driven Brands issued false and misleading financial reports from 2023 to 2025, resulting in inflated revenue and cash figures for 2023 and 2024, causing significant investor losses when the true financial condition was revealed.
- Law Firm's Strength: Rosen Law Firm is renowned for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, demonstrating its expertise and resource advantages in handling such cases.
See More
Driven Brands Faces Nasdaq Delisting Risk Amid Financial Reporting Issues
- Financial Reporting Delay: Driven Brands admitted on April 21, 2026, that it failed to timely file its Annual Report for fiscal year 2025 and Q1 2026, resulting in a non-compliance notice from Nasdaq, indicating severe deficiencies in the company's internal financial controls that could undermine investor confidence.
- Internal Control Failures: The company disclosed ongoing reviews of 'material weaknesses' in financial reporting, rendering previous financial statements unreliable, which may expose investors to greater losses and raise questions about corporate governance.
- Increased Litigation Risk: With a securities class action underway, Driven Brands is accused of concealing financial errors, including unreconciled cash balances and inaccuracies in lease accounting, potentially leading to higher legal costs and reputational damage for the company.
- Revised Financial Guidance: The company now expects to submit a compliance plan by June 15, 2026, significantly delaying the previously set April 26, 2026, deadline for its 10-K filing, reflecting challenges in regaining compliance that may impact its stock performance.
See More
Driven Brands Faces Class Action Lawsuit Over Securities Violations
- Lawsuit Background: Bronstein, Gewirtz & Grossman, LLC has announced a class action lawsuit against Driven Brands Holdings Inc., alleging violations of federal securities laws on behalf of all investors who purchased or acquired Driven Brands securities between May 9, 2023, and February 24, 2026.
- Misleading Financial Reports: The complaint alleges that the company made materially false statements in several financial reports filed with the SEC, failing to disclose the true state of its financial condition and the effectiveness of its internal controls, misleading investors about the company's financial health.
- Cash Balance Issues: The lawsuit highlights that Driven Brands' balance sheets included an unreconciled cash balance, which led to the overstatement of revenue and cash for fiscal years 2023 and 2024, significantly impacting investor decisions and trust in the company.
- Investor Rights Protection: Investors have until May 8, 2026, to request to be appointed as lead plaintiff, with Bronstein, Gewirtz & Grossman, LLC representing investors on a contingency fee basis, emphasizing their commitment to protecting investor rights and ensuring accountability.
See More
Driven Brands Faces Nasdaq Delisting Risk Amid Financial Reporting Issues
- Financial Reporting Delay: Driven Brands admitted on April 21, 2026, that it failed to timely file its Annual Report for fiscal year 2025 and its Q1 2026 report, leading to a non-compliance notice from Nasdaq, which reflects significant internal weaknesses in financial reporting that could severely impact investor confidence.
- Potential Delisting Risk: The company expects to submit a compliance plan by June 15, 2026, after failing to meet the April 26 deadline for its 10-K filing, which raises concerns about its financial health and could lead to Nasdaq delisting, exacerbating market fears.
- Securities Class Action: Driven Brands is facing a securities class action lawsuit against it and its executives, alleging false statements regarding the effectiveness of internal controls while concealing financial errors, including unreconciled cash balances and inaccuracies in lease accounting, potentially resulting in substantial liabilities for the company.
- Investor Action Call: Hagens Berman urges investors with significant losses to report their losses before the May 8, 2026, Lead Plaintiff Deadline, highlighting the increasing legal risks and potential financial liabilities the company is facing.
See More
Driven Brands Faces Securities Class Action Lawsuit
- Lawsuit Deadline: Driven Brands Holdings Inc. reminds investors that those who purchased shares between May 3, 2023, and February 24, 2026, must file lead plaintiff applications by May 8, 2026, to secure their rights in the class action lawsuit.
- Financial Restatement: On February 25, 2026, the company disclosed it had identified at least seven categories of 'material errors' in its consolidated financial statements for fiscal years 2023 and 2024, necessitating a restatement and delaying the filing of its 2025 Annual Report.
- Stock Price Plunge: Following the significant financial disclosures, Driven Brands' stock price plummeted nearly 40%, opening at $9.99 on February 25, 2026, down from $16.61 on February 24, indicating severe market concerns regarding the company's financial health.
- Legal Consultation Services: ClaimsFiler offers a free shareholder information service, allowing investors to access legal consultations and recover losses in securities class actions, highlighting a commitment to protecting investor rights.
See More
Driven Brands Shareholder Class Action Reminder
- Class Action Notice: Rosen Law Firm reminds investors who purchased Driven Brands stock between May 3, 2023, and February 24, 2026, to apply as lead plaintiffs by May 8, 2026, to participate in the class action, as those who do not will be ineligible for compensation.
- Lawsuit Background: The lawsuit alleges that Driven Brands had significant weaknesses in its internal controls over financial reporting, resulting in material errors in its financial statements for fiscal years 2023 and 2024, undermining investor confidence in the company's operations and prospects, potentially leading to investor losses.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and secured over $438 million for investors in 2019 alone, being ranked first by ISS for the number of securities class action settlements in 2017, showcasing its expertise in this field.
- Investor Selection Advice: Investors are advised to carefully choose law firms with a proven track record of success, avoiding those that merely act as intermediaries, to ensure effective legal representation and support in the class action.
See More
Driven Brands Class Action Reminder
- Class Action Notice: Rosen Law Firm reminds investors who purchased Driven Brands stock between May 3, 2023, and February 24, 2026, to apply as lead plaintiffs by May 8, 2026, to participate in the class action and potentially receive compensation.
- Fee Arrangement: Investors joining the class action will incur no out-of-pocket costs, as the law firm operates on a contingency fee basis, which reduces financial barriers and encourages broader participation.
- Lawsuit Background: The lawsuit alleges that Driven Brands issued false and misleading financial reports from 2023 to 2025, resulting in inflated revenue and cash figures for 2023 and 2024, causing significant investor losses when the true financial condition was revealed.
- Law Firm's Strength: Rosen Law Firm is renowned for its successful track record in securities class actions, having recovered over $438 million for investors in 2019 alone, demonstrating its expertise and resource advantages in handling such cases.
See More
Driven Brands Faces Nasdaq Delisting Risk Amid Financial Reporting Issues
- Financial Reporting Delay: Driven Brands admitted on April 21, 2026, that it failed to timely file its Annual Report for fiscal year 2025 and Q1 2026, resulting in a non-compliance notice from Nasdaq, indicating severe deficiencies in the company's internal financial controls that could undermine investor confidence.
- Internal Control Failures: The company disclosed ongoing reviews of 'material weaknesses' in financial reporting, rendering previous financial statements unreliable, which may expose investors to greater losses and raise questions about corporate governance.
- Increased Litigation Risk: With a securities class action underway, Driven Brands is accused of concealing financial errors, including unreconciled cash balances and inaccuracies in lease accounting, potentially leading to higher legal costs and reputational damage for the company.
- Revised Financial Guidance: The company now expects to submit a compliance plan by June 15, 2026, significantly delaying the previously set April 26, 2026, deadline for its 10-K filing, reflecting challenges in regaining compliance that may impact its stock performance.
See More
Driven Brands Faces Class Action Lawsuit Over Securities Violations
- Lawsuit Background: Bronstein, Gewirtz & Grossman, LLC has announced a class action lawsuit against Driven Brands Holdings Inc., alleging violations of federal securities laws on behalf of all investors who purchased or acquired Driven Brands securities between May 9, 2023, and February 24, 2026.
- Misleading Financial Reports: The complaint alleges that the company made materially false statements in several financial reports filed with the SEC, failing to disclose the true state of its financial condition and the effectiveness of its internal controls, misleading investors about the company's financial health.
- Cash Balance Issues: The lawsuit highlights that Driven Brands' balance sheets included an unreconciled cash balance, which led to the overstatement of revenue and cash for fiscal years 2023 and 2024, significantly impacting investor decisions and trust in the company.
- Investor Rights Protection: Investors have until May 8, 2026, to request to be appointed as lead plaintiff, with Bronstein, Gewirtz & Grossman, LLC representing investors on a contingency fee basis, emphasizing their commitment to protecting investor rights and ensuring accountability.
See More
Driven Brands Faces Nasdaq Delisting Risk Amid Financial Reporting Issues
- Financial Reporting Delay: Driven Brands admitted on April 21, 2026, that it failed to timely file its Annual Report for fiscal year 2025 and its Q1 2026 report, leading to a non-compliance notice from Nasdaq, which reflects significant internal weaknesses in financial reporting that could severely impact investor confidence.
- Potential Delisting Risk: The company expects to submit a compliance plan by June 15, 2026, after failing to meet the April 26 deadline for its 10-K filing, which raises concerns about its financial health and could lead to Nasdaq delisting, exacerbating market fears.
- Securities Class Action: Driven Brands is facing a securities class action lawsuit against it and its executives, alleging false statements regarding the effectiveness of internal controls while concealing financial errors, including unreconciled cash balances and inaccuracies in lease accounting, potentially resulting in substantial liabilities for the company.
- Investor Action Call: Hagens Berman urges investors with significant losses to report their losses before the May 8, 2026, Lead Plaintiff Deadline, highlighting the increasing legal risks and potential financial liabilities the company is facing.
See More
Driven Brands Faces Securities Class Action Lawsuit
- Lawsuit Deadline: Driven Brands Holdings Inc. reminds investors that those who purchased shares between May 3, 2023, and February 24, 2026, must file lead plaintiff applications by May 8, 2026, to secure their rights in the class action lawsuit.
- Financial Restatement: On February 25, 2026, the company disclosed it had identified at least seven categories of 'material errors' in its consolidated financial statements for fiscal years 2023 and 2024, necessitating a restatement and delaying the filing of its 2025 Annual Report.
- Stock Price Plunge: Following the significant financial disclosures, Driven Brands' stock price plummeted nearly 40%, opening at $9.99 on February 25, 2026, down from $16.61 on February 24, indicating severe market concerns regarding the company's financial health.
- Legal Consultation Services: ClaimsFiler offers a free shareholder information service, allowing investors to access legal consultations and recover losses in securities class actions, highlighting a commitment to protecting investor rights.
See More
