This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

KAR Auction Services' CEO Discusses Q2 2012 Results - Earnings Call Transcript

KAR Auction Services, Inc. (KAR)

Q2 2012 Earnings Call

August 7, 2012 11:00 am ET


Jonathan L. Peisner – Treasurer, VP and Head-Investor Relations

James P. Hallett – Chief Executive Officer and Director

Eric M. Loughmiller – Chief Financial Officer and Executive Vice President


Matthew Fassler – Goldman, Sachs & Co.

John Lovallo – Bank of America/Merrill Lynch

N. Richard Nelson – Stephens Inc.

Gary F. Prestopino – Barrington Research Associates, Inc.

Shreyas Patil – Credit Suisse Group

F. David Melka – New York Life Investment Management LLC

William Armstrong – CL King & Associates

Eli Halliwell – D. E. Shaw & Co., Inc.



Good day, ladies and gentlemen, and welcome to the KAR Auction Services Incorporated Second Quarter 2012 Earnings Conference Call. Today’s call is being recorded. Today’s hosts will be Jim Hallett, Chief Executive Officer of KAR Auction Services Incorporated; Eric M. 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 Jon Peisner. Please go ahead, sir.

Jonathan L. Peisner

Thanks, Deena. Good morning, and thank you for joining us today for the KAR Auction Services second quarter earnings conference call. Today, we will discuss the financial performance of KAR Auction Services for the quarter ended June 3o, 2012. After concluding our commentary, we will take questions from participants.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs