Driven Brands appoints Mo Khalid as chief operating officer

CHARLOTTE - Driven Brands Holdings Inc. (NASDAQ:DRVN), whose stock has gained nearly 26% over the past year and is trading near its 52-week high, announced Monday the appointment of Mo Khalid as Executive Vice President and Chief Operating Officer. According to InvestingPro, the company maintains a FAIR financial health rating with particularly strong growth and price momentum scores. Khalid, who currently serves as Executive Vice President and President of Take 5, will be succeeded in his role by Tim Austin, the current Chief Operating Officer of Take 5.

Khalid rejoined Driven Brands in 2023 as Group President of the Maintenance Segment after previously serving as Chief Operating Officer of Meineke from 2016 to 2017. Between 2017 and 2023, he held senior operating roles at Great Wolf Resorts, ultimately serving as Senior Vice President of Field Operations.

"I am honored to be appointed Chief Operating Officer of Driven Brands," said Khalid. "I look forward to working with our employees and franchisees to enhance data-driven decisions, operate methodically, and expand margins across all of our brands."

Under Khalid’s leadership as President of Take 5, the business grew to more than 1,200 locations as of June 28, 2025, with system-wide sales exceeding $1.5 billion on a trailing twelve-month basis. This expansion has contributed to Driven Brands’ overall revenue growth of 12.66% and total revenue of $2.4 billion in the last twelve months. Get deeper insights into Driven Brands’ growth metrics with a comprehensive Pro Research Report, available exclusively on InvestingPro.

Austin, who will take over as President of Take 5, joined Driven Brands in 2024 as President of Take 5 Car Wash. Following the sale of the U.S. Car Wash business in April 2025, he transitioned to Chief Operating Officer of Take 5. His previous experience includes roles as President and Chief Operating Officer of Lucid Hearing and leadership positions at Sears Holdings and Walmart.

Driven Brands, headquartered in Charlotte, NC, operates approximately 4,800 locations across the United States and 13 other countries. With a market capitalization of $3 billion, the company’s network includes automotive service businesses such as Take 5 Oil Change, Meineke Car Care Centers, Maaco, and CARSTAR. Analysts maintain a bullish outlook on the stock, with price targets ranging from $18 to $25 per share. Discover more detailed valuation metrics and analyst recommendations with InvestingPro’s extensive financial analysis tools.

The information in this article is based on a company press release statement.

In other recent news, Driven Brands has seen several developments impacting its stock ratings and price targets. JPMorgan upgraded Driven Brands from Neutral to Overweight, citing defensive demand amid macroeconomic uncertainty and the company’s market share gains in its Take 5 business. The firm’s price target was raised to $23.00. Canaccord Genuity also increased its price target for the company to $24.00, maintaining a Buy rating. This decision followed a survey of oil change locations that indicated improving consumer trends.

Meanwhile, Goldman Sachs assumed coverage of Driven Brands with a Neutral rating and set a price target of $20.00. This assessment came after Driven Brands divested its U.S. car wash business, simplifying its operations. Goldman Sachs analysts remarked that the company’s story has become "cleaner and easier to understand" post-divestiture, though they noted a lack of clear catalysts for a stock re-rating in the short term. These recent developments provide investors with multiple perspectives on Driven Brands’ current market position.

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