KAR Auction Services (KAR) Q1 2012 Earnings Call May 08, 2012 11:00 am ET Executives Eric M. Loughmiller - Chief Financial Officer, Principal Accounting Officer and Executive Vice President James P. Hallett - Chief Executive Officer and Director Analysts Matthew J. Fassler - Goldman Sachs Group Inc., Research Division John Lovallo - BofA Merrill Lynch, Research Division N. Richard Nelson - Stephens Inc., Research Division Gary F. Prestopino - Barrington Research Associates, Inc., Research Division William R. Armstrong - CL King & Associates, Inc. Christopher J. Ceraso - Crédit Suisse AG, Research Division Craig R. Kennison - Robert W. Baird & Co. Incorporated, Research Division Patrick Palfrey - RBC Capital Markets, LLC, Research Division PresentationOperator
Good day, ladies and gentlemen, and welcome to the KAR Auction Services, Inc. First 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, Inc.; and Eric Loughmiller, Executive Vice President and Chief Financial Officer of KAR Auction Services, Inc. I would now like to turn the call over to Eric Loughmiller. Please go ahead, sir. Eric M. Loughmiller Thank you for joining us today for the KAR Auction Services First Quarter Earnings Conference Call. Today, we will discuss the financial performance of KAR Auction Services for the quarter ended March 31, 2012. 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.