AutoNation Slashes Guidance on CDK Global Cyberattack
AutoNation(AN) Investopedia·2024-07-16 01:10
Key TakeawaysAutoNation lowered its second-quarter EPS guidance by about $1.50 per share.CDK Global, which provides software to car dealerships, was hit by a cyberattack in June.AutoNation said it has restored access to its dealer management system and core functions but that “certain ancillary systems” are still sidelined. AutoNation (AN) has cut its quarterly earnings guidance in the wake of a cyberattack on software provider CDK Global last month, the company said Monday in Securities and Exchange Commis ...