
AutoNation Warns of Profit Hit from CDK Global Cyberattack
AutoNation announced that its second-quarter earnings will be negatively impacted by approximately $1.50 per share due to a recent software outage at CDK Global, a key auto dealer software provider. The outage disrupted AutoNation's dealer management system and other core functions, leading to lost income and additional costs. Despite these challenges, AutoNation expects to restore all systems by the end of July 2024 and does not foresee a material impact on its overall financial condition.


