KAR Auction Services Inc at Bank of America Global Automotive Summit (Virtual) Transcript
Great. (inaudible) again, for our next session, we have KAR Global, a leading wholesaler of used vehicles who is at the nexus of the digital remarketing revolution. There are a lot of questions about how the industry of KAR will transform over time, but we're very happy to have Jim Hallett, Chairman and CEO; and Eric Loughmiller, Executive VP and CFO.
The elephant in the room is all ready. We haven't underperformed on the stock. But to be fair, it's a stock rate. I have tremendous respect for both Jim and Eric, who I've known for almost 2 decades. Our rating is relative (inaudible) sell. So people should understand it's underperformed. Furthermore, there's always a question of timing in our coverage for the (inaudible) value chain. Used car wholesaling is inherently a very good business, so we look forward to the right timing on the company and the stock as the transformation of the business progresses.
As a result, obviously, with all of that, we have actually a lot of questions today, and
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
