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Is Driven Brands Holdings (DRVN) A Smart Long-Term Buy? Baron Funds, an asset management firm, published its “Baron Small Cap Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 2.67% was delivered by the fund’s institutional shares for the Q1 of 2021, trailing the S&P 500 Index, which appreciated 6.17%, and modestly underperforming the Russell 2000 Growth Index which rose 4.88% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021. Baron Small Cap Fund, in its Q1 2021 investor letter, mentioned Driven Brands Holdings Inc. (NASDAQ: DRVN), and shared their insights on the company. Driven Brands Holdings Inc. is a Charlotte, North Carolina-based automotive repair center that currently has a $4.7 billion market capitalization. Since the beginning of the year, DRVN delivered a 71.00% return, and as of May 14, 2021, the stock closed at $28.13 per share.

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