Driven Brands Holdings Inc., the parent company of CARSTAR, Fix Auto USA, and Abra, disclosed material accounting errors spanning two full fiscal years and several additional quarters, sending its stock down roughly 30%. Fourth-quarter and full- year 2025 results, previously scheduled for Feb. 25, have been postponed without a new date set. A law firm has announced an investigation into potential securities claims on behalf of investors. The errors include problems with how the company recorded leases, affecting right of-use assets and liabilities on balance sheets. Additional errors include unreconciled differences in cash accounts that resulted in overstated cash balances and revenue, understated selling and administrative expenses, and misclassification of certain supply-related expenses.
Progressive gained another huge chunk of market share in 2025 and is now easily within reach of capturing the No. 1 spot from State Farm as the largest personal auto insurer in the United States, according to the latest data from the National Association of Insurance Commissioners (NAIC). Progressive’s gain is especially notable because it comes on top of two decades of almost uninterrupted growth. Since 2005, its market share has climbed from 6.8% to 18.6%, nearly tripling the company’s share of the market.
Idaho Governor Brad Little has signed into law legislation (HB 688) that establishes a misdemeanor penalty for the manufacture, import or sale of counterfeit or non- functional airbags. It also prohibits knowingly installing or reinstalling such airbags.
Vehicle thefts across the United States declined in 2025 to the lowest levels in several decades, marking a 23% decrease from 2024, according to a new analysis of reported thefts from the National Insurance Crime Bureau (NICB). A total of 659,880 vehicles were reported stolen nationwide last year, a historic low figure for U.S. vehicle thefts and a clear signal of the end of the pandemic-fueled surge in vehicle thefts. This past year’s decline in vehicle thefts follows a significant 17% drop in vehicle thefts in 2024, previously the largest decrease in thefts in 40 years. In 2025, several states saw substantial year-over-year decreases in their vehicle theft numbers. Washington State experienced the largest percentage decrease of any state with 39% less vehicles stolen in 2025 compared to 2024. Colorado and Puerto Rico followed closely with 35% and 34% declines in vehicle thefts.
