Value Fund Doubles Down With $8.7 Million Buy as Driven Brands Targets $2.1 Billion in Revenue

Company Overview - Driven Brands is a leading automotive services platform with a diversified portfolio of brands and over 10,000 employees, providing repair, maintenance, and distribution solutions across the U.S., Canada, and internationally [6][8] - The company operates through a mix of company-operated, franchised, and independently operated stores, generating revenue from service fees, product sales, and franchise royalties [8] Recent Developments - Emeth Value Capital disclosed a purchase of 582,255 shares of Driven Brands, valued at approximately $8.66 million, increasing its stake in the company [2][7] - Driven Brands accounted for 70.4% of Emeth Value Capital's reportable assets under management (AUM) at the end of the quarter [3][7] Financial Performance - In the most recent quarter, Driven Brands reported revenue of $535.7 million, a 6.6% increase year over year, with adjusted EBITDA rising to $136.3 million [10] - Same-store sales have grown for 19 consecutive quarters, primarily driven by Take 5 Oil Change, and management has narrowed full-year revenue guidance to between $2.10 billion and $2.12 billion [10] Market Position - As of the latest market close, shares of Driven Brands were priced at $14.96, reflecting a decline of 4.7% over the past year, underperforming the S&P 500 by 22.5 percentage points [3][4] - The company's market capitalization stands at $2.42 billion, with a trailing twelve-month (TTM) revenue of $2.44 billion and a net income of -$239.62 million [4]