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Billionaire investor Carl Icahn took a significant stake in auto service chain Monro , becoming the largest single shareholder and marking his latest move in the automotive sector.

Icahn disclosed ownership of 4,439,914 shares, representing a 14.8% stake in Monro, according to a new regulatory filing. The filing showed the shares were acquired by Icahn's investment entities. It wasn't clear whether he plans to push for changes at Monro.

Icahn becomes the largest shareholder in Monro, previously known as Monro Muffler Brake , surpassing BlackRock Fund Advisors, which held 14.11% as of the latest filing, according to FactSet data.

Monro's shares surged more than 17% in afternoon trading Wednesday followi

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