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.