Car Dealers Across US Are Crippled by a Second Cyberattack [Financial Post (Toronto, Ontario, Canada)]
AutoNation, Inc. (AN)
Last autonation, inc. earnings: 2/11 06:45 am
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Auto retailers across the US suffered a second major disruption in as many days due to another cyberattack at CDK Global, the software provider thousands of dealers rely on to run their stores. CDK informed customers Thursday of the incident that occurred late the prior evening. The company shut down most of its systems again, saying in a recorded update that it doesn't have an estimate for how long it will take to restore services. “Our dealers' systems will not be available at a minimum on Thursday,” the company said. Article content On what otherwise would have been a busy US holiday for business, dealers reliant on CDK were unable to use its systems to complete transactions, access customer records, schedule appointments or handle car-repair orders. The company serves almost 15,000 dealerships, supporting front-office salespeople, back-offic
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- AutoNation, Inc. (NYSE: AN) was upgraded by analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating. They now have a $200.00 price target on the stock, up previously from $145.00.MarketBeat
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- AutoNation, Inc. (NYSE: AN) is now covered by analysts at Stephens. They set an "overweight" rating and a $210.00 price target on the stock.MarketBeat
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