JPMorgan Chase Trims Stake in Driven Brands

Institutional investor reduces holdings in auto parts and repair company

Feb. 26, 2026 at 10:22am

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JPMorgan Chase & Co. has reduced its stake in Driven Brands Holdings Inc. (NASDAQ:DRVN) by 5.2% in the third quarter, according to a recent SEC filing. The institutional investor now owns 3,148,088 shares of the company's stock, representing a 1.92% ownership stake.

Why it matters

Driven Brands is a leading provider of automotive aftermarket services in North America, operating a network of franchised and company-owned locations. JPMorgan Chase's reduced stake could signal a shift in investor sentiment or portfolio adjustments, potentially impacting the stock price and the company's future growth plans.

The details

According to the filing, JPMorgan Chase sold 172,684 shares of Driven Brands during the third quarter. The institutional investor now owns 3,148,088 shares, worth approximately $50.7 million based on the stock's closing price at the end of the quarter.

  • JPMorgan Chase reduced its stake in Driven Brands during the third quarter of 2026.

The players

JPMorgan Chase & Co.

A multinational investment bank and financial services company headquartered in New York City.

Driven Brands Holdings Inc.

A leading North American provider of automotive aftermarket services, operating a network of franchised and company-owned locations under brands such as Meineke Car Care Centers and Maaco Collision Repair & Auto Painting.

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The takeaway

JPMorgan Chase's reduced stake in Driven Brands could signal a shift in investor sentiment or portfolio adjustments, potentially impacting the stock price and the company's future growth plans. However, Driven Brands remains a significant holding for the institutional investor, indicating continued confidence in the company's long-term prospects.