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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

Executives

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

Analysts

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.

Presentation

Operator

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.

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