cyber
confidence high
sentiment negative
materiality 0.80
AutoNation estimates Q2 GAAP EPS $3.15-$3.30; CDK cyber incident reduced EPS by ~$1.50
AUTONATION, INC.
- CDK cyber incident disrupted AutoNation's DMS and core operations from June 19-30, 2024.
- Estimated negative EPS impact of $1.50 per share, split between lost income and one-time retention costs.
- GAAP EPS estimated at $3.15-$3.30 for Q2 2024, with full results due July 31.
- DMS access restored; ancillary systems expected back by end of July 2024.
- No material impact expected on overall financial condition or ongoing results.