Driven Brands Holdings Inc. Class Action Lawsuit - DRVN

According to the filed complaint, defendants repeatedly touted Driven’s ability to execute and integrate acquisitions as a “core strength,” and assured investors that the Company had made “significant progress” integrating the auto glass businesses it had acquired. Driven also represented that the large scale of its car wash business served as a “competitive moat” that would preserve Driven’s competitive position. While Driven acknowledged some “softness” in customer demand for its car wash business segment, the Company downplayed that issue and pointed investors to the growth of its car wash subscriptions, which Driven labeled as the “Holy Grail” in the car wash business.

In order to be eligible to join the DRVN class action lawsuit, you must have incurred a loss on shares of Driven purchased during the class period listed above.

If you suffered a loss in Driven during the relevant time frame or pursuant to the relevant offering(s), you have until February 20, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.