Driven Brands Holdings, Inc. (DRVN) Securities Class Action Litigation

Introduction

Securities class action litigation has been filed on behalf of investors who purchased or otherwise acquired the common stock of Driven Brands Holdings, Inc. (“Driven Brands”) (NASDAQ: DRVN) between May 9, 2023 and February 24, 2026, inclusive (the “Class Period”).

If you purchased or acquired the common stock of Driven Brands during the Class Period, you may move the Court for appointment as lead plaintiff by no later than May 8, 2026.

A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the actions will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the action.

Driven Brands investors who wish to learn more about the litigation and how to seek appointment as lead plaintiff should complete the form below, text or email investorinfo@lchb.com, or call Lieff Cabraser partner Sharon M. Lee at 1-800-541-7358.

Background on the Driven Brands Securities Class Litigation

Driven Brands, incorporated in Delaware and headquartered in Charlotte, North Carolina, is the largest automotive services company in North America.

The action alleges that, throughout the Class Period, Defendants misrepresented and failed to disclose that Driven Brands had identified at least ten categories of errors in its financial statements, including errors related to: (1) the recording of leases affecting the right of use assets and right of use liabilities recorded in the Company’s consolidated balance sheet; (2) opening and ending cash balances and operating cash flows, leading to overstatements of cash and revenue and understatement of selling, general, and administrative expenses in Driven Brands’ consolidated statements of operations; (3) presentation of supply and other expenses as company-operated store expenses; (4) income tax provision; (5) supply and other revenue; (6) fixed assets; (7) cloud computing; (8) lease cash applications; (9) balance sheet and income statement misclassifications; and (10) improperly recognized revenue in Driven Brands’ Automotive Training Institute business.

On February 25, 2026, before markets opened, Driven Brands revealed that the Audit Committee of its Board of Directors discovered material errors in the Company’s previously issued consolidated financial statements for fiscal 2023 and 2024, and the first three quarters of fiscal 2025, and that those statements, as well as the unaudited condensed consolidated statements for each of the quarterly and year-to-date periods from fiscal year 2024 through September 27, 2025 “should not be relied upon and require[] restatement.” As a result, the Company revealed that it would not be able to file its Form 10-K annual report for fiscal 2025 on time. Driven Brands listed ten different categories of errors it identified, admitted to “material weaknesses” in its internal control over financial reporting, and concluded that the Company’s “internal control over financial reporting and disclosure controls and procedures were not effective as of December 27, 2025.” On this news, the price of Driven Brands common stock fell $5.01 per share, or 30.16%, from its closing price of $16.61 per share on February 24, 2026, to close at $11.60 per share on February 25, 2026, on extremely heavy trading volume.