AutoNation Q2 EPS falls to $3.20 from $6.02 as CDK outage hits results
AutoNation reported second quarter 2024 results on July 31, 2024, with revenue of $6.5 billion, down 6% from a year earlier, and diluted EPS of $3.20 versus $6.02. The company says an outage of its dealer management system, caused by a cyber incident at CDK Global, reduced EPS by an estimated $1.55, including $0.79 of one-time costs. Shareholders face lower reported earnings, though the company repurchased $350 million of shares year to date through July 29, 2024.
Key points
- Diluted EPS $3.20 vs. $6.02 a year earlier; adjusted EPS $3.99 vs. $6.29
- Revenue $6.5 billion, down $410 million, mainly due to the CDK outage and lower average vehicle selling prices
- CDK outage reduced EPS by an estimated $1.55, including $0.79 of one-time costs
- Repurchased $350 million of shares year to date through July 29, 2024; about $971 million remains under the program
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 31, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.