cyber
confidence high
sentiment negative
materiality 0.75
Sonic Automotive reports $0.64 EPS hit from CDK cyber incident; systems restored
SONIC AUTOMOTIVE INC
- CDK cyber incident on June 19 disrupted DMS and CRM systems; access now restored as of this filing.
- Estimated adverse impact on Q2 GAAP diluted EPS of approximately $0.64 per share.
- Q2 GAAP diluted EPS was $1.18; incident materially impacted Q2 business and results of operations.
- Company believes incident not reasonably likely to materially affect future financial condition or results.
- Operational disruptions continued into July from CDK lead and inventory app issues and third-party integrations.