04:32 PM EDT, 08/13/2024 (MT Newswires) -- AutoCanada ( AOCIF ) on Tuesday said it swung to a loss in the second-quarter on one-time charges and a cyber attack.

The company, which operates auto dealership in Canada and the United States, said it lost $33.07 million, or $1.47 per share, in the period, compared with a profit of $45.23 million, or $1.81, in the year-prior period. The result lagged the consensus analyst estimate for a profit of $0.60 per share, according to Capital IQ.

AutoCanada ( AOCIF ) said the result included a US$11.3-million charge for the impairment of non-financial assets and a $13.2-million of deferred tax assets.

Revenue fell 8.8% to 1.6 billion from $1.76 billion.

Adjusted EBITDA was $27 million versus $94.1 million in the prior year, a decrease of $67 million.

The company was also affected by a cyber-security index for its CDK Global dealer-management system. Another incident took place on Aug.11 that disrupted its internal IT systems. It does not yet know the "extent to which any customer, supplier or employee data has been accessed" but its businesses remain open.

"AutoCanada ( AOCIF ) faced several headwinds during the second quarter which substantially affected our performance," said Executive Chairman Paul Antony. "The CDK outage disrupted operations resulting in lost sales and profits, OEM inventory grew across the industry causing higher days supply in key brands and impacting floorplan costs, and rising unemployment combined with falling GDP in a still elevated rate environment perpetuated consumer uncertainty."

The company's shares closed down $0.52 to $18.09 on the Toronto Stock Exchange.