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KAR Auction Services' CEO Discusses Q3 2011 Results - Earnings Call Transcript

KAR Auction Services (KAR)

Q3 2011 Earnings Call

November 03, 2011 11:00 am ET

Executives

James P. Hallett - Chief Executive Officer and Director

Eric M. Loughmiller - Chief Financial Officer, Principal Accounting Officer and Executive Vice President

Analysts

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

Presentation

Operator

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.

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