Icahn Enterprises completes $700 million sale of Pep Boys to Mavis Tire Supply
Icahn Enterprises L.P. completed the previously announced sale of The Pep Boys-Manny, Moe & Jack Holding Corp. to a subsidiary of Mavis for approximately $700 million in cash, subject to customary purchase price adjustments. IEP retains the owned real estate transferred from Pep Boys, along with its AAMCO Transmissions and Precision Tune Auto Care businesses. The filing does not disclose the financial results or gain from the sale.
Key points
- Buyer: Mavis Tire Supply, LLC, a subsidiary of Mavis Tire Express Services Corp.
- Sale price: approximately $700 million in cash, subject to customary purchase price adjustments.
- Seller: Icahn Automotive Group LLC, a wholly-owned IEP subsidiary; closed August 20, 2026.
- Retained by IEP: owned real estate, AAMCO Transmissions and Precision Tune Auto Care businesses.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 20, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.