Driven Brands (NASDAQ:DRVN) Faces Financial Challenges and Stock Downgrade
Driven Brands (US:DRVN) Financial Modeling Prep·2026-02-26 11:05Piper Sandler downgraded Driven Brands (NASDAQ:DRVN) from an Overweight to a Neutral rating, with the stock priced at $11.60.The company announced material errors in its financial statements for 2023 and 2024, leading to a 35% stock decline.Driven Brands will restate its financials for the past two years and delay its Q4 2025 results due to issues with lease recording, expense misclassification, and cash account discrepancies.Driven Brands (NASDAQ:DRVN) is a prominent player in the automotive service indust ...