AutoNation stock presents with exceptional economic characteristics despite trading at
AutoNation's (AN) overall financial condition seems to be immune to the recent cyberattack on software provider CDK Global.
AutoNation disclosed on Monday its bottom line for the second quarter will show a negative impact from CDK Global's recent widespread software outage.
AutoNation (AN) has cut its quarterly earnings guidance in the wake of a cyberattack on software provider CDK Global last month, the company said Monday in Securities and Exchange Commission (SEC) filing.
The impact of the hack on car dealership software firm CDK Global continues to reverberate. AutoNation, one of the largest dealership chains in the country, warned on Monday (July 15) that the cyberattack will impact its second quarter earnings by $1.50 per share.
Earnings per share for the car dealer will be about $1.50 lower for the June quarter because of the cyberattack.
U.S. auto retailer AutoNation said on Monday it expects a $1.50 per share hit to its second-quarter profit due to the disruptions caused by a cyberattack at retail technology provider CDK in June, a crucial selling period for car dealers.
There are three main drivers of a stock's return: growth, the change in price-to-earnings (P/E) multiple and capital return. While investors often focus on the growth angle, an upward rating in multiple can also be a significant return driver for bargain stocks.
Zacks Auto Retail and Wholesale players like RUSHA and AN are poised to navigate industry headwinds, courtesy of their strategic expansion initiatives and shareholder-friendly moves.