secwatch.observer — SEC 8-K summary
======================================

Issuer:     AUTONATION, INC. (AN)
CIK:        0000350698
Form:       8-K
Filed at:   2024-07-15T23:59:59+00:00
Accession:  0000350698-24-000085
Event type: cyber
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

AutoNation estimates Q2 GAAP EPS $3.15-$3.30; CDK cyber incident reduced EPS by ~$1.50
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/350698/000035069824000085/0000350698-24-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/350698/000035069824000085/an-20240715.htm
  HTML page:      https://secwatch.observer/filing/0000350698-24-000085

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer