AutoNation: CDK Hack Will Hurt Earnings
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.
AutoNation Stock Is Falling. Earnings Will Take a Hit From the CDK Hack.
Earnings per share for the car dealer will be about $1.50 lower for the June quarter because of the cyberattack.
AutoNation expects hit to Q2 profit from CDK outage
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.
3 Bargain Bin Stocks with Millionaire-Maker Potential
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.
2 Auto Retailers Worth Watching Despite Industry Challenges
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.
