Ownership profile
Who owns Pep Boys?
Pep Boys is a wholly owned subsidiary of Icahn Automotive Group LLC, itself a segment of Icahn Enterprises L.P. (NASDAQ: IEP), a publicly traded master limited partnership controlled by billionaire investor Carl Icahn — it is not private-equity-owned in the traditional fund sense.
Ownership profile
Pep Boys
The Pep Boys — Manny, Moe & Jack (operating under Icahn Automotive Group LLC)
Evidence (8)
Icahn Enterprises' automotive segment (which includes Pep Boys) reported a $16 million loss for full-year 2024, confirming Pep Boys remains within the IEP corporate umbrella
https://www.tirebusiness.com/financial/pep-boys-parent-icahn-posts-loss/IEP's depositary units trade on the Nasdaq Global Select Market, meaning Pep Boys' ultimate parent is publicly traded — not a closed private equity fund
https://www.ielp.com/news-releases/news-release-details/icahn-enterprises-lp-nasdaq-iep-today-announced-its-second-1Icahn Enterprises L.P. (NASDAQ: IEP) is a publicly traded master limited partnership on the Nasdaq Global Select Market, not a private equity fund
https://en.wikipedia.org/wiki/Icahn_EnterprisesAs of February 2024 (per IEP SEC Form 8-K), Icahn Enterprises named David Willetts as CEO of Pep Boys specifically, confirming Pep Boys' continued existence as a named subsidiary within IEP
https://www.sec.gov/Archives/edgar/data/0000813762/000110465924026032/tm246838d1_ex99-1.htmPep Boys is owned by Icahn Automotive Group LLC, which was formed by its parent, Icahn Enterprises L.P., to invest in and operate businesses in aftermarket parts distribution and service — confirmed on Pep Boys' own About page
https://www.pepboys.com/pep-boys-storyIcahn Enterprises completed the all-cash acquisition of Pep Boys in February 2016 for $18.50 per share (~$1.03 billion); Pep Boys common stock was delisted from the NYSE upon closing
https://www.pepboys.com/about-pep-boys/media-center/press-releases/2016/icahn-enterprises-completes-acquisition-of-pep-boysSEC Schedule 13D filed December 30, 2015, by Icahn Enterprises L.P. formally documents Icahn's acquisition of Pep Boys common stock, establishing the legal ownership chain
https://www.sec.gov/Archives/edgar/data/0000077449/000110465924026032/tm246838d1_ex99-1.htmCarl Icahn personally controls approximately 86% of Icahn Enterprises L.P.
https://en.wikipedia.org/wiki/Icahn_EnterprisesWhat's uncertain
- Icahn Enterprises L.P. is a publicly traded conglomerate, not a private equity fund in the traditional sense; pe_involvement is scored 'none' because IEP is a publicly listed MLP with an active ticker (NASDAQ: IEP), not a closed PE fund. However, Carl Icahn himself is a well-known activist/corporate raider investor, which some sources conflate with private equity.
- The legal operating entity name — 'The Pep Boys — Manny, Moe & Jack' — and intermediate holding company 'Icahn Automotive Group LLC' are confirmed, but the precise intermediate corporate layers between Icahn Automotive Group LLC and the operating entity were not independently verified via state registry in this investigation.
- Pep Boys transitioned away from retail operations in December 2023 to focus exclusively on automotive services; current footprint and financials are subject to change.
- As of September 2024, Joe Auriemma was named interim CEO (and CEO as of February 2025), reflecting recent leadership instability.