IEP

In the past six months (March 2026 - September 2026), several events impacted IEP's stock price. On May 6, 2026, IEP announced Q1 2026 financial results with revenues of $2.2 billion, a net loss of $459 million ($0.71 per depositary unit), and declared a quarterly distribution of $0.50 per depositary unit. On July 21, 2026, Mavis acquired Pep Boys from Icahn Enterprises for $700 million in cash, with the transaction completed on August 20, 2026; IEP retained the owned real estate and the AAMCO Transmissions and Precision Tune Auto Care businesses, using the sale to address 2027 notes maturities. On August 5, 2026, IEP announced Q2 2026 financial results with revenues of $3.0 billion, a net loss of $355 million ($0.52 per depositary unit), and declared a quarterly distribution of $0.50 per depositary unit, with the wider-than-expected loss contributing to cautious sentiment. Carl Icahn's investment activities included boosting stakes in Icahn Enterprises and Sandridge Energy and a bid for Caesars Entertainment, though he later retreated from Caesars, signaling an end to his activist push there. The stock experienced fluctuations, declining 14.81% between September 2025 and September 2026, with only nine moves greater than 5% in the past year, making a 13% single-day drop particularly significant. As of September 22, 2026, the stock traded at $7.12, down 0.42% from the previous session and 13.06% over the last 12 months, and 18.8% since the start of the year (March 2025), trading 34.8% below its 52-week high.