Auto repair chain Monro soars after Carl Icahn takes 15% stake to become largest shareholder

Core Insights - Billionaire investor Carl Icahn has acquired a significant stake in Monro, becoming the largest single shareholder with a 14.8% ownership [1][2] - Icahn's investment entities disclosed ownership of 4,439,914 shares in Monro, previously known as Monro Muffler Brake [1] - Following the announcement of Icahn's stake, Monro's shares experienced a surge of over 13% in early trading [2] Company Summary - Icahn surpassed BlackRock Fund Advisors, which held a 14.11% stake in Monro as per the latest filings [2] - The regulatory filing did not clarify whether Icahn intends to advocate for changes within Monro [1]