Dividends & Buybacks ·
Driven Brands Holdings Inc. announced updated capital allocation priorities, including a long-term net leverage target…
DRVNDriven Brands Holdings Inc.
Driven Brands Holdings Inc. announced updated capital allocation priorities, including a long-term net leverage target of 2-3x Net Debt to Adjusted EBITDA and the approval of a $100 million share repurchase authorization effective September 15, 2026. The company intends to continue investing in Take 5 growth while returning capital to shareholders through open-market purchases subject to market conditions. Driven Brands operates as the largest automotive services company in North America, providing consumer and commercial automotive services including oil changes, paint, collision repair, glass replacement, and vehicle maintenance.