secwatch.observer — SEC 8-K summary
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Issuer:     GROUP 1 AUTOMOTIVE INC (GPI)
CIK:        0001031203
Form:       8-K
Filed at:   2024-06-24T23:59:59+00:00
Accession:  0001031203-24-000048
Event type: cyber
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Group 1 Automotive U.S. ops disrupted by CDK cyber incident; restoration timeline unclear
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- Third-party CDK Global suffered cybersecurity incident on June 19, 2024, causing service outage across Group 1's 202 U.S. dealerships.
- Group 1 isolated its systems from CDK and is using alternative processes; U.K. dealerships unaffected.
- CDK anticipates dealer management system restoration in days, not weeks; other applications timeline unknown.
- Material impact of the outage cannot yet be determined; Group 1 is monitoring and will take further action if needed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031203/000103120324000048/0001031203-24-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031203/000103120324000048/gpi-20240619.htm
  HTML page:      https://secwatch.observer/filing/0001031203-24-000048

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