Company Overview
About Pep Boys
Pep Boys is a Philadelphia-founded automotive aftermarket service and retail chain providing vehicle maintenance, tire services, repairs, and auto parts across 1,000+ US service locations — operating as part of Icahn Automotive Group owned by Carl Icahn's Icahn Enterprises (NASDAQ: IEP), which acquired Pep Boys in 2016 for $1 billion. Founded in 1921 by "Manny, Moe & Jack" (Manny Rosenfeld, Moe Mowshowitz, and Gracie Strauss), Pep Boys' service-and-retail co-located model distinguishes it from pure retail auto parts stores (AutoZone, O'Reilly) and pure service chains (Jiffy Lube, Midas) by offering parts purchasing alongside professional installation under one roof with unified customer service.
Business Model & Competitive Advantage
The co-located service bay and retail floor model creates operational synergies: customers who purchase tires, brakes, or batteries can have them installed in the same visit; technicians performing repairs source parts from the adjacent retail floor rather than waiting for delivery. Pep Boys' service scope covers oil changes, brake repair, battery replacement, tire mounting and balancing, alignment, transmission service, and diagnostic work — competing broadly with dealership service departments for out-of-warranty vehicles and quick-lube chains for routine maintenance. Fleet service accounts (small business fleets, last-mile delivery vehicles) provide recurring high-volume service revenue.
Competitive Landscape 2025–2026
In 2025, Pep Boys (Icahn Enterprises, NASDAQ: IEP) competes in the automotive aftermarket service and parts market with AutoZone (NYSE: AZO), O'Reilly Automotive (NASDAQ: ORLY), and Advance Auto Parts (NYSE: AAP) for retail parts, and Midas (TBC), Firestone (Bridgestone), and Jiffy Lube for automotive service. Growing vehicle complexity (EVs, hybrid drivetrains, advanced driver assistance systems) makes DIY maintenance less feasible — growing the "do-it-for-me" service segment that benefits integrated service chains. Icahn Enterprises also owns Firestone Complete Auto Care (via TBC Corporation), creating an interconnected automotive service portfolio. The 2025 strategy focuses on tire and brake volume, fleet account growth, and digital appointment booking for younger vehicle owners.
Company Timeline
Major milestones in Pep Boys's journey
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Frequently Asked Questions
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