Lithia Motors Got Notice From CDK Global That It Suspended Systems In Response To Cybersecurity Incident; Cybersecurity Incident Has Had, And Is Likely To Continue To Have, A Negative Impact On Co's Business Operations; Has Not Identified Compromise Or Unauthorized Access Of Its Systems Or Networks
Portfolio Pulse from Benzinga Newsdesk
Lithia Motors received notice from CDK Global about a cybersecurity incident that led to the suspension of systems. This incident has negatively impacted Lithia Motors' business operations and is expected to continue doing so. No compromise or unauthorized access of systems or networks has been identified.
June 24, 2024 | 1:18 pm
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Lithia Motors' business operations are negatively impacted by a cybersecurity incident reported by CDK Global. The incident is expected to continue affecting operations, although no unauthorized access has been identified.
The cybersecurity incident has already negatively impacted Lithia Motors' operations and is expected to continue doing so. This will likely lead to short-term negative sentiment and potential stock price decline.
CONFIDENCE 90
IMPORTANCE 80
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