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AutoNation Management Discusses Q2 2012 Results - Earnings Call Transcript

AutoNation (AN)

Q2 2012 Earnings Call

July 19, 2012 11:00 am ET

Executives

Cheryl Scully - Former Vice President

Michael J. Jackson - Chairman of the Board and Chief Executive Officer

Mike Short - Chief Financial Officer and Executive Vice President

Michael E. Maroone - President, Chief Operating Officer and Director

Analysts

N. Richard Nelson - Stephens Inc., Research Division

John Murphy - BofA Merrill Lynch, Research Division

Simeon Gutman - Crédit Suisse AG, Research Division

Aditya Oberoi - Goldman Sachs Group Inc., Research Division

James J. Albertine - Stifel, Nicolaus & Co., Inc., Research Division

Yejay Ying - Morgan Stanley, Research Division

Dan Galves - Deutsche Bank AG, Research Division

Presentation

Operator

Thank you for standing by and welcome to AutoNation's Second Quarter 2012 Earnings Conference Call. [Operator Instructions] Today's conference call is being recorded. If you have any objections, you may disconnect. I would now turn the call over to Miss Cheryl Scully, Treasurer and Vice President of Investor Relations for AutoNation. Ma'am, you may begin.

Cheryl Scully

Good morning, and welcome to AutoNation's second quarter 2012 conference call and webcast. Leading our call today will be Mike Jackson, our Chairman and Chief Executive Officer; Mike Maroone, our President and Chief Operating Officer; and Mike Short, our Chief Financial Officer. Following their remarks, we will open up the call for questions. Kate Keyser-Pearlman and I will also be available by phone following the call to address any additional questions that you may have.

Before we begin, let me read our brief statement regarding forward-looking comments and the use of non-GAAP financial measures. Certain statements and information on this call will constitute forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks, which may cause the actual results or performance to differ materially from expectations. Additional discussions of factors that could cause actual results to differ materially are contained in our SEC filings. Certain non-GAAP financial measures, as defined under SEC rules, will be discussed on this call. Reconciliations are provided in our press release, which is available on our website at investors.autonation.com.

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