Icahn Enterprises is reported to have agreed to sell Pep Boys to Mavis in a deal valued at about $700 million, according to The Wall Street Journal, as cited by Seeking Alpha and Investing.com. The reports say the transaction involves the transfer of Pep Boys’ business to Mavis for a purchase price of roughly $700 million. Both outlets describe the same basic terms: Icahn Enterprises as the seller, Mavis as the buyer, and the deal value centered on $700 million. Neither source provides additional operational details, such as the timing of closing, regulatory review expectations, or whether the price includes specific adjustments. The reports also do not outline any planned changes to Pep Boys’ management or store footprint. The agreement is presented as part of Icahn Enterprises’ broader portfolio management, while Mavis is positioned as the consolidating buyer, though the cited materials focus mainly on the reported price and counterparties. The companies’ transaction documentation and final terms would determine any further specifics beyond the headline value and parties.