Cyberattack on CDK Global impacts AutoNation's Q2 earnings by $1.50 per share.
AutoNation warns that a cyberattack on CDK Global, a provider of dealer management systems, has reduced its Q2 earnings by about $1.50 per share. The attack disrupted services for around two weeks, affecting thousands of car retailers during key sales periods. CDK's systems have since been restored, but AutoNation estimates its Q2 earnings will range from $3.15 to $3.30 per share.
July 15, 2024
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