Lithia Motors disruptions after third-party CDK cyber incident

LITHIA MOTORS INC

On June 19, 2024, CDK Global suspended systems due to a cybersecurity incident; Lithia severed connections and activated response procedures.
Disruptions to dealer management, CRM, inventory, and accounting in North America; no compromise of Lithia's own systems identified.
Dealerships continue operating with mitigation plans; negative impact on operations expected until systems fully restored.
Company has not yet determined if the incident will materially impact financial condition or results of operations.

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