Openlane Inc (NYSE:KAR)
$ 16.18 0.39 (2.47%) Market Cap: 1.76 Bil Enterprise Value: 1.99 Bil PE Ratio: 212.89 PB Ratio: 1.32 GF Score: 80/100

KAR Auction Services Inc to Deepen Digital Capabilities With Acquisition of BacklotCars Transcript

Sep 08, 2020 / 03:00PM GMT
Release Date Price: $17.21 (-2.49%)
Operator

Good morning, ladies and gentlemen, and welcome to the KAR Global Investor Update Call. (Operator Instructions) As a reminder, this conference call is being recorded.

I would now like to turn the conference over to your host, Mr. Eric Loughmiller, Chief Financial Officer. You may begin.

Eric M. Loughmiller
KAR Auction Services, Inc. - Executive VP & CFO

Thanks, Jerome, and good morning, and thank you for joining us today for our call. Before Jim kicks off our discussion, I would like to remind you that this conference call contains forward-looking statements within the meaning of the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties that may affect KAR's business, prospects and results of operations, and such risks are fully detailed in our SEC filings. In providing forward-looking statements, the company expressly disclaims any obligation to update these statements.

Now I'd like to turn this call over to KAR Global's

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