Icahn Enterprises L.P. completed the sale of The Pep Boys-Manny, Moe & Jack Holding Corp. to Mavis Tire Supply, LLC for approximately $700 million in cash on August 20, 2026. Icahn Enterprises retained the owned real estate previously transferred from Pep Boys, as well as its AAMCO Transmissions and Precision Tune Auto Care businesses within its Automotive segment. This transaction significantly expands Mavis's network to over 4,400 locations across the United States and Canada. Icahn Enterprises L.P. is a diversified holding company engaged in segments including investment, energy, automotive, food packaging, real estate, home fashion, and pharma.

Icahn Enterprises L.P. reported a second quarter 2026 net loss attributable to IEP of $355 million, or $0.52 per depositary unit, compared to a $165 million loss in the prior year period. Revenues increased to $3.0 billion from $2.4 billion, while Adjusted EBITDA shifted to a $134 million loss from a $40 million profit. The indicative net asset value decreased by $765 million to approximately $2.6 billion, driven largely by valuation declines in CVI and broad market hedges. On August 3, 2026, the Board declared a quarterly distribution of $0.50 per depositary unit, payable on or about September 23, 2026, to holders of record as of August 17, 2026. Icahn Enterprises L.P. is a diversified holding company with interests in investment, energy, automotive, food packaging, real estate, home fashion, and pharmaceutical sectors.

Icahn Enterprises L.P. through its subsidiary Icahn Automotive Group LLC, entered into a definitive agreement to sell Pep Boys to Mavis Tire Express Services Corp. for a base purchase price of $700.0 million in cash, subject to adjustments. Icahn Enterprises will retain the owned real estate and the AAMCO Transmissions and Precision Tune Auto Care businesses. The transaction is expected to close in the coming months, subject to customary closing conditions. Icahn Enterprises L.P. is a diversified holding company operating in the automotive, energy, and real estate segments.