<div>
<h2>Key Points</h2><ul><li>III Capital Management sold 255,860 shares of Driven Brands last quarter; the estimated transaction value was $3.60 million based on quarterly average prices.</li><li>Meanwhile, the quarter-end position value decreased by $3.96 million, reflecting both the sale and stock price movement.</li><li>The transaction represented roughly 1% of III Capital Management’s reportable U.S. equity assets under management (AUM).</li><li>The quarter-end holding stood at 74,765 shares valued at $942,786.</li><li>10 stocks we like better than Driven Brands ›</li></ul><p>On May 15, 2026, III Capital Management disclosed in a U.S. Securities and Exchange Commission (SEC) filing that it sold 255,860 shares of <strong>Driven Brands</strong> <span class="ticker">(NASDAQ:DRVN)</span>, an estimated $3.60 million transaction based on quarterly average pricing.</p><h2 id="what-happened">What happened</h2><p>According to an SEC filing dated May 15, 2026, III Capital Management sold 255,860 shares of Driven Brands during the first quarter. The estimated transaction value was $3.60 million, calculated from the period’s average closing price. The quarter-end value of the fund’s Driven Brands stake declined by $3.96 million, a figure that includes both the sale and changes in the stock price.</p><h2 id="what-else-to-know">What else to know</h2><ul><li>Top five holdings after the filing:<ul><li>NYSEMKT: SPY: $145.59 million (59.6% of AUM)</li><li>NASDAQ: EMB: $9.86 million (4.0% of AUM)</li><li>NASDAQ: VISN: $6.17 million (2.5% of AUM)</li><li>NYSEMKT: EEM: $5.40 million (2.2% of AUM)</li><li>NYSE: CRH: $3.84 million (1.6% of AUM)</li></ul></li><li>As of Friday, Driven Brands shares were priced at $13.77, down about 22% over the past year and well underperforming the S&amp;P 500, which is up about 28% in the same period.</li></ul><h2 id="company-overview">Company Overview</h2><section><table><tbody><tr><th>Metric</th><th>Value</th></tr><tr><td>Revenue (TTM)</td><td>$1.86 billion</td></tr><tr><td>Net Income (TTM)</td><td>($140.2 million)</td></tr><tr><td>Price (as of Friday)</td><td>$13.77</td></tr></tbody></table></section><h2 id="company-snapshot">Company Snapshot</h2><ul><li>Driven Brands offers automotive services including paint, collision repair, glass replacement, car washes, oil changes, and maintenance, as well as distribution of automotive parts and consumables.</li><li>The firm operates a hybrid model of company-operated, franchised, and independently-operated stores, generating revenue from service fees, product sales, and franchise royalties.</li><li>It serves retail and commercial customers across the United States, Canada, and international markets, targeting both individual vehicle owners and automotive repair businesses.</li></ul><p>Driven Brands leverages a portfolio of established brands to serve a broad customer base. The company’s multi-brand strategy and mix of service offerings provide scale advantages and recurring revenue streams. Driven Brands’ focus on both retail and commercial clients positions it to capture demand across multiple segments of the automotive aftermarket.</p><h2 id="what-this-transaction-means-for-investors">What this transaction means for investors</h2><p>This sale ultimately looks less like a verdict on Driven Brands' business and more like a decision to reduce exposure to a company still working through credibility issues after a lengthy accounting restatement process. Even as the stock has struggled, the underlying business showed signs of stabilization heading into 2026.<br/><br/>Driven Brands reported fiscal 2025 revenue of $1.86 billion, up 6% year over year, while adjusted EBITDA increased to $449 million. Perhaps most encouraging, Take 5 Oil Change delivered 6.2% same-store sales growth for the year and recorded its 22nd consecutive quarter of same-store sales growth, reinforcing management's view that it remains the company's primary growth engine.<br/><br/>CEO Danny Rivera said the company spent 2025 streamlining its portfolio, reducing leverage, and strengthening internal controls after completing the financial restatement. Management also reiterated expectations for first-quarter 2026 Take 5 same-store sales growth of 4.3% to 4.5% and forecast up to $145 million in free cash flow this year.<br/><br/>Ultimately, the turnaround has been increasingly visible in the operating results, but it seems management still needs to prove that stronger execution and cleaner financial reporting can translate into sustained shareholder confidence.</p><h2>Should you buy stock in Driven Brands right now?</h2>
<p>Before you buy stock in Driven Brands, consider this:</p>
<p>The <em>Motley Fool Stock Advisor</em> analyst team just identified what they believe are the <strong>10 best stocks</strong> for investors to buy now… and Driven Brands wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.</p>
<p>Consider when <strong>Netflix</strong> made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, <strong>you’d have $477,813</strong>!* Or when <strong>Nvidia</strong> made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, <strong>you’d have $1,320,088</strong>!*</p>
<p>Now, it’s worth noting <em>Stock Advisor’s</em> total average return is 986<span>% — a market-crushing outperformance compared to 208% for the S&amp;P 500. <strong><span>Don't miss the latest top 10 list, available with <em>Stock Advisor</em>, and join an investing community built by individual investors for individual investors.</span></strong></span></p>
<p>See the 10 stocks »</p>
<p style="color: #767676; text-align: left"><em>*Stock Advisor returns as of May 24, 2026. </em></p><p><em>Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.</em></p>
<p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p>
</div>

DRVN

<p>III Capital Management sold 255,860 shares of Driven Brands for an estimated $3.60 million, resulting in a quarter-end position value decrease of $3.96 million. Driven Brands reported $1.86 billion in revenue for fiscal 2025, with signs of stabilization despite stock struggles. The company aims for $145 million in free cash flow in 2026, but investor confidence remains cautious due to past accounting issues.</p>

nasdaq

Driven Brands

SPDR S&P 500

iShares JPMorgan USD Em

Vistance Networks

iShares MSCI Em

S&P 500

Netflix

NVIDIA

CRH Plc

NVIDIA Corporation

Driven Brands Generated $1.9 Billion in Revenue. So Why Did an Investor Cut $4 Million?