Sonic Automotive shares are trading lower after the company reported a cybersecurity incident impacting its dealer management and CRM systems. The company said the incident is likely to adversely impact Q2 2024 earnings due to slower vehicle sales.
Portfolio Pulse from Benzinga Newsdesk
Sonic Automotive shares are trading lower following a cybersecurity incident that affected its dealer management and CRM systems. The company expects this incident to negatively impact Q2 2024 earnings due to slower vehicle sales.
July 05, 2024 | 8:06 pm
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NEGATIVE IMPACT
Sonic Automotive experienced a cybersecurity incident affecting its dealer management and CRM systems, which is expected to negatively impact Q2 2024 earnings due to slower vehicle sales.
The cybersecurity incident has disrupted key operational systems at Sonic Automotive, which is expected to slow down vehicle sales and adversely impact Q2 2024 earnings. This has led to a negative market reaction, causing the stock to trade lower.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100