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CarGurus, Inc. (CARG) CEO Langley Steinert on Q2 2018 Results - Earnings Call Transcript

Aug. 07, 2018 11:06 PM ETCarGurus, Inc. (CARG)
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CarGurus, Inc. (NASDAQ:CARG) Q2 2018 Results Earnings Conference Call August 7, 2018 5:00 PM ET

Executives

Rodney Nelson - Director of Investor Relations

Langley Steinert - Founder, Chief Executive Officer

Jason Trevisan - Chief Financial Officer

Sam Zales - Chief Operating Officer

Analysts

Heath Terry - Goldman Sachs

Ralph Schackart - William Blair

Ron Josey - JMP Securities

Tom White - D.A. Davidson

Aaron Kessler - Raymond James

Dan Kurnos - The Benchmark Company

Mark Mahaney - RBC Capital Markets

Operator

Greetings and welcome to the CarGurus' second quarter 2018 earnings results conference call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]. As a reminder, this conference is being recorded.

I would now like to turn the conference over to our host, Rodney Nelson, Investor Relations for CarGurus. Thank you. You may begin.

Rodney Nelson

Thank you operator. Good afternoon and welcome to CarGurus' second quarter 2018 earnings call. We will be discussing the results announced in our press release issued today after the market close and posted on our Investor Relations website. With me on the call this afternoon is Langley Steinert, CarGurus' Founder and Chief Executive Officer, Jason Trevisan, Chief Financial Officer and Sam Zales, Chief Operating Officer.

During the call, we will make statements related to our business that may be considered forward-looking, including statements concerning our financial guidance for the third quarter and full year 2018, our business and growth strategy and our plans to execute on our growth strategy, our brand awareness efforts, our investments in and ability to drive adoption of new and existing products, the growth levers we expect to drive our business, our ability to maintain existing and acquire new customers, our expansion into international markets, the expected contributions of new additions to our Board of Directors, the impact on

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