FEP Acquires IMO Car Wash, Expanding International Presence
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
Updated: 4 day ago0mins
- International Acquisition: FEP's acquisition of IMO Car Wash, which operates 720 locations globally, marks its first international expansion, expected to significantly enhance its market share and brand influence.
- Market Potential: With operations in the UK, Germany, and nine other European countries and Australia, IMO has a strong customer base and retail partnerships, providing FEP with favorable growth opportunities.
- Operational Optimization: FEP plans to increase wash volumes and improve customer experience by leveraging IMO's strategic retail partnerships, driving organic growth and enhancing brand value.
- Long-term Strategy: This acquisition aligns with FEP's strategy to partner with leading operators in resilient sectors, likely establishing a solid foundation for expansion beyond the U.S. market.
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Analyst Views on DRVN
Wall Street analysts forecast DRVN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DRVN is 21.11 USD with a low forecast of 18.00 USD and a high forecast of 24.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
8 Buy
2 Hold
0 Sell
Strong Buy
Current: 15.340
Low
18.00
Averages
21.11
High
24.00
Current: 15.340
Low
18.00
Averages
21.11
High
24.00
William Blair
William Blair
Market Perform
to
Outperform
upgrade
2025-12-03
New
Reason
William Blair
William Blair
Price Target
2025-12-03
New
upgrade
Market Perform
to
Outperform
Reason
William Blair upgraded Driven Brands to Outperform from Market Perform without a price target after meeting with management. The firm views the meetings as "incrementally positive about the strength of the company's new leadership after several years of instability." Driven Brands' leadership changes, sale of the U.S. and international car wash business, and re-segmentation of the model have made 2025 more of a transitional year, the analyst tells investors in a research note. However, Blair believes the company is emerging as a "much cleaner, simpler model."
JPMorgan
Christian Carlino
Overweight -> Overweight
downgrade
$23 -> $21
2025-11-12
Reason
JPMorgan
Christian Carlino
Price Target
$23 -> $21
2025-11-12
downgrade
Overweight -> Overweight
Reason
JPMorgan analyst Christian Carlino lowered the firm's price target on Driven Brands to $21 from $23 and keeps an Overweight rating on the shares. The company reported a "solid" Q3 and its guidance looks conservative, the analyst tells investors in a research note.
BTIG
Buy
downgrade
$22 -> $21
2025-11-04
Reason
BTIG
Price Target
$22 -> $21
2025-11-04
downgrade
Buy
Reason
BTIG lowered the firm's price target on Driven Brands to $21 from $22 and keeps a Buy rating on the shares after the company reported Q3 results that were slightly ahead of Street expectations and guidance for FY25 was narrowed. Following the report, the firm is trimming its price target, primarily due to lower comparable company valuations.
Piper Sandler
Overweight
downgrade
$22 -> $19
2025-10-24
Reason
Piper Sandler
Price Target
$22 -> $19
2025-10-24
downgrade
Overweight
Reason
Piper Sandler lowered the firm's price target on Driven Brands to $19 from $22 and keeps an Overweight rating on the shares. The firm expects a Q3 comparable sales deceleration from Q2 of +1.7% to flattish in Q3 as Driven Brands begins to lap very difficult international Car Wash segment compares. Also, Piper expects a healthy Take 5 comp of +5% but moderation from Q2 as well.
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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, maintenance and car wash. The Company's segments include Take 5, Franchise Brands and Car Wash. 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, Maaco and 1-800 Radiator, along with other smaller brands and services for both retail and commercial customers such as commercial fleet operators and insurance carriers. The Car Wash segment operates under the IMO brand across Europe and Australia, providing express-style conveyor car wash services to both retail and commercial customers. Its AutoGlassNow businesses provide glass replacement and calibration services to commercial, retail and insurance customers.
About the author
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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.
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