secwatch.observer — SEC 8-K summary
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Issuer:     SONIC AUTOMOTIVE INC (SAH)
CIK:        0001043509
Form:       8-K
Filed at:   2024-07-05T23:59:59+00:00
Accession:  0001043509-24-000060
Event type: cyber
Sentiment:  negative
Materiality: 0.75
Item codes: 1.05
LLM model:  deepseek-v4-flash:cloud@v2

Sonic Automotive updates CDK cyber incident; expects material adverse impact on Q2 earnings
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- DMS basic functionality restored as of July 5; CRM and certain DMS functions remain offline.
- Incident since June 19 caused slower vehicle sales; reasonably likely to materially impact Q2 2024 results.
- Full restoration timing unclear; third-party applications also still offline.
- Earnings for quarter ended June 30, 2024 expected to be adversely impacted.
- Financial condition impact not yet fully ascertainable.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043509/000104350924000060/0001043509-24-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043509/000104350924000060/sah-20240705.htm
  HTML page:      https://secwatch.observer/filing/0001043509-24-000060

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