AutoNation shares are trading lower after the company announced that it currently estimates EPS for the quarter ended June 30, 2024, will be negatively impacted by approximately $1.50 per share due to the CDK cyber incident.
Portfolio Pulse from Benzinga Newsdesk
AutoNation shares are trading lower after the company announced an estimated EPS impact of approximately $1.50 per share for the quarter ended June 30, 2024, due to a CDK cyber incident.
July 15, 2024 | 1:11 pm
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NEGATIVE IMPACT
AutoNation announced that its EPS for Q2 2024 will be negatively impacted by approximately $1.50 per share due to a CDK cyber incident, causing shares to trade lower.
The announcement of a significant EPS impact due to a cyber incident is likely to negatively affect investor sentiment and lead to a short-term decline in AutoNation's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100