Craig Kennison Reiterates Buy on Driven Brands, Citing Take 5 Growth and Discounted Valuation with $18 Price Target

Driven Brands Holdings (DRVN) has received a new Buy rating, initiated by Robert W. Baird analyst, Craig Kennison.

Craig Kennison has given his Buy rating due to a combination of factors tied to Driven Brands’ fundamentals and valuation. He points to the Take 5 oil change business as a key growth engine, noting its strong same-store sales, solid EBITDA contribution, and sizeable system-wide revenue base, all supported by an expanding store footprint and resilient needs-based demand.

At the same time, he believes the stock’s valuation already reflects past missteps in capital allocation, the exit from car wash, and the overhang from accounting restatements, creating a discount relative to its earnings and growth outlook. Kennison argues that as management executes on 2026 guidance, absorbs non-recurring restatement costs, and gradually restores credibility, investors willing to look through near-term volatility can benefit from multiple expansion and upside toward his $18 price target.

Kennison covers the Consumer Cyclical sector, focusing on stocks such as Carvana Co, RideNow Group, and Camping World Holdings. According to TipRanks, Kennison has an average return of -1.4% and a 42.05% success rate on recommended stocks.