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Cars.com Inc. (CARS) CEO Alex Vetter on Q1 2020 Results - Earnings Call Transcript

May 06, 2020 4:46 PM ETCars.com Inc. (CARS)
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Cars.com Inc. (NYSE:CARS) Q1 2020 Earnings Conference Call May 6, 2020 10:00 AM ET

Company Participants

Kamal Hamid - Director IR

Alex Vetter - CEO

Brian Benstock - GM & VP, Paragon Honda and Paragon Acura

Jandy Tomy - Interim CFO

Conference Call Participants

Tom White - D.A. Davidson

Marvin Fong - BTIG

Lee Krowl - B. Riley FBR

Gary Prestopino - Barrington Research

Nick Jones - Citi

Daniel Powell - Goldman Sachs

Doug Arthur - Huber Research


Good morning, and welcome to Cars.com First Quarter 2020 Earnings Conference Call. Hosting the call this morning is Alex Vetter, Chief Executive Officer; and Jandy Tomy, Interim Chief Financial Officer. This call is being recorded, and a live webcast can be found at investor.cars.com. A replay of the webcast will be available at this website until May 20, 2020. A copy of the accompanying slides can be found on the cars.com IR website. Following today's presentation, there will be a question-and-answer session with Alex and Jandy.

I'd now like to turn the call over to Kamal Hamid, Director of Investor Relations. Thank you. Please go ahead, sir.

Kamal Hamid

Good morning, everyone, and welcome to our first quarter 2020 conference call, and my first call as Cars new Director of Investor Relations. Before I turn the call over to Alex, I'd like to draw your attention to our forward-looking statements and the description and definition of our non-GAAP financial measures, which can be found in our presentation. We will be discussing certain non-GAAP financial measures today, including adjusted EBITDA, adjusted EBITDA margin, adjusted net income, and free cash flow. Reconciliations of these non-GAAP measures to the most directly comparable GAAP measure can be found in the financial tables included with our earnings press release, and in the appendix of this presentation. For more information, please refer to the risk factors included in our SEC filings, including those

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