AutoNation says CDK outage will hurt its second-quarter bottom line

AutoNation disclosed Monday its bottom line for the second quarter will show a negative impact from CDK Global’s recent widespread software outage. The vehicle retailer forecasted that the June outage to the auto dealer software provider’s systems will drag on its earnings to the tune of about $1.50 per share in the second quarter, poising it to report an estimated earnings per share (EPS) of$3.15 to $3.30, according to a filing AutoNation submitted Monday to the Securities and Exchange Commission (SEC)."T ...