secwatch.observer — SEC 8-K summary
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Issuer:     SONIC AUTOMOTIVE INC (SAH)
CIK:        0001043509
Form:       8-K/A
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0001043509-24-000063
Event type: cyber
Sentiment:  negative
Materiality: 0.75
Item codes: 1.05
LLM model:  deepseek-v4-flash:cloud@v2

Sonic Automotive reports $0.64 EPS hit from CDK cyber incident; systems restored
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043509/000104350924000063/0001043509-24-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043509/000104350924000063/sah-20240705.htm
  HTML page:      https://secwatch.observer/filing/0001043509-24-000063

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