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November 03, 2011 11:00 am ET
James P. Hallett - Chief Executive Officer and Director
Eric M. Loughmiller - Chief Financial Officer, Principal Accounting Officer and Executive Vice President
N. Richard Nelson - Stephens Inc., Research Division
William R. Armstrong - CL King & Associates, Inc.
Patrick Palfrey - RBC Capital Markets, LLC, Research Division
Ryan Brinkman - Goldman Sachs Group Inc., Research Division
Craig R. Kennison - Robert W. Baird & Co. Incorporated, Research Division
John Murphy - BofA Merrill Lynch, Research Division
Gary F. Prestopino - Barrington Research Associates, Inc., Research Division
Christopher J. Ceraso - Crédit Suisse AG, Research Division
Unknown Analyst -
Anthony F. Cristello - BB&T Capital Markets, Research Division
Good day, ladies and gentlemen, and welcome to the KAR Auction Services, Inc. Third Quarter 2011 Earnings Conference Call. Today's call is being recorded. Today's hosts will be Jim Hallett, Chief Executive Officer of KAR Auction Services, Inc.; and Eric Loughmiller, Executive Vice President and Chief Financial Officer of KAR Auction Services, Inc. I would now like to turn the conference over to Mr. Loughmiller. Please go ahead, sir.
Eric M. Loughmiller
Thank you for joining us today for the KAR Auction Services Third Quarter Earnings Call. Today, we will discuss the financial performance of KAR Auction Services for the period ended September 30, 2011. After concluding our commentary, we will take questions from participants. We will make every effort to accommodate all of the questions within the hour we have scheduled today.