In 2011, Matt Stone the son of Stone Brothers Racing co-owner Jim, was given the opportunity to run a former SBR Ford BF Falcon in the 2011 development series with Robert Cregan driving. In 2012, the team expanded to two Falcon BFs, with Daniel Jilesen and Ashley Walsh joining the team. After two rounds the team expanded to three cars, with the SBR entered Ford FG Falcon of Scott McLaughlin entry transferred to the team after the signing of Mahindra Group as a minor sponsor, conflicted with SBR's Ford sponsorship. McLaughlin went on to win the series. In 2013, the team entered three Falcon FGs with Michael Hector, George Miedecke and Ashley Walsh driving. In 2014, the team again fielded three FGs with Todd Hazelwood, Michael Hector and Ashley Walsh driving. Steven Johnson drove a fourth car at the Townsville and Queensland rounds. Ryal Harris drove the fourth car at Bathurst. Shae Davies replaced Hector for the final round in Sydney. In 2015, the team only fielded two FG Falcons, with Todd Hazelwood and Shae Davies competing in all of the rounds, finishing the championship in 4th and 8th places respectively. In 2016, the team purchased a Holden VF Commodore for Hazelwood. Adam Marjoram joined the team and raced in an FG Falcon. Hazelwood finished the year in 3rd place, while Marjoram finished in 13th. In 2017, the team purchased another VF Commodore for Marjoram. Brodie Kostecki joined the team and raced an FG Falcon. Hazelwood won 6 races and was able to win the championship by 95 points. Kostecki finished in 15th, while Marjoram came 18th for the year. In 2018, Bryce Fullwood joined the team in an ex-DJR Team PenskeFord FG X Falcon, but switched to a VF Commodore after the Perth round. During the first 3 rounds the Commodore was raced by Tyler Greenbury and Jaie Robinson respectively. For 2019 Ash Walsh will contest the full season. Abbie Eaton entered the first round and Joel Heinrich entered rounds one and two for the team.
Matt Stone Racing moved up into the Supercars Championship for 2018 with Todd Hazelwood. The team started in a Ford FG X Falcon previously owned by DJR Team Penske before switching to their Super 2 winning Holden VF Commodore from The bend onwards. In 2019 the team upgraded to an ex-Triple Eight Racing EngineeringZB Commodore. Having leased a Racing Entitlement Contract from Jason Bright for the 2018 and 2019 seasons, in 2020 the team will expand to two cars having purchased RECs from Garry Rogers Motorsport and Kelly Racing.
The following is a list of drivers who have driven for the team in V8 Supercars, in order of their first appearance. Drivers who only drove for the team in an endurance race co-driver basis are listed in italics.
