KAR Auction Services' CEO Discusses Q4 2011 Results - Earnings Call Transcript

KAR Auction Services Inc. (KAR)

Q4 2011 Earnings Call

February 28, 2012 11:00 AM ET

Executives

Jonathan Peisner – EVP and Treasurer

Jim Hallett – CEO

Eric Loughmiller – EVP and CFO

Analysts

Ryan Brinkman – Goldman Sachs

John Lovallo – Merrill Lynch

Chris Ceraso – Credit Suisse

Manav Patnaik – Barclays Capital

Gary Prestopino – Barrington Research

Craig Kennison – Robert W. Baird

Bill Armstrong – C. L. King & Associates

Presentation

Operator

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Good day, ladies and gentlemen, and welcome to the KAR Auction Services Incorporated Fourth Quarter Earnings Conference Call. Today’s call is being recorded.

Today’s hosts will be Jim Hallett, Chief Executive Officer for KAR Auction Services Incorporated; Eric Loughmiller, Executive Vice President and Chief Financial Officer of KAR Auction Services Incorporated; and Jonathan Peisner, Vice President and Treasurer of KAR Auction Services Incorporated.

I would now like to turn the call over to Mr. Peisner. Please go ahead, sir.

Jonathan Peisner

Thanks, Nancy and thanks for joining us today for the KAR Auction Services’ fourth quarter and yearend earnings conference call. Today, we will discuss the financial performance of KAR Auction Services for the fourth quarter and year ended December 31st, 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.

Before Jim kicks off our discussion, I would like to remind you that this conference call contains forward-looking statements within the meaning of the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995.

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