Cars.com Inc. (CARS) CEO Alex Vetter on Q2 2020 Results - Earnings Call Transcript

Aug. 01, 2020 7:53 PM ETCars.com Inc. (CARS)
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Cars.com Inc. (NYSE:CARS) Q2 2020 Earnings Conference Call July 30, 2020 10:00 AM ET

Company Participants

Kamal Hamid - Director of Investor Relations

Alex Vetter - Chief Executive Officer

Sonia Jain - Chief Financial Officer

Jandy Tomy - Vice President of Investor Relations

Conference Call Participants

Lee Krowl - B. Riley FBR

Tom White - D.A. Davidson

Daniel Powell - Goldman Sachs

Gary Prestopino - Barrington Research

Nick Jones - Citi

Steve Dyer - Craig-Hallum Capital

Doug Arthur - Huber Research

Marvin Fong - BTIG

Operator

Good morning, and welcome to the Cars.com Second Quarter 2020 Earnings Conference Call. Hosting the call this morning is Alex Vetter, Chief Executive Officer and Sonia Jain, Cars' newly appointed Chief Financial Officer. Also joining us on today's call is Jandy Tomy, who served as Chief Financial Officer during the second quarter.

This call is being recorded, and a live webcast can be found at investor.cars.com. A replay of the webcast will be available until August 13. A copy of the accompanying slides can also be found on the company's investor site. Following today's presentation, there will be a question-and-answer session with Alex, Sonia and Jandy.

I'd now like to turn the call over to Kamal Hamid, Director of Investor Relations.

Kamal Hamid

Good morning, everyone, and welcome to our Second Quarter 2020 Conference Call. 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

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