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KAR Auction Services, Inc. (KAR) CEO Peter Kelly on Q2 2021 Results - Earnings Call Transcript

Aug. 04, 2021 12:36 PM ETOPENLANE, Inc. (KAR)
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KAR Auction Services, Inc. (NYSE:KAR) Q2 2021 Earnings Conference Call August 4, 2021 8:30 AM ET

Company Participants

Mike Eliason - Treasurer and Vice President, Investor Relations

Peter Kelly - Chief Executive Officer

Eric Loughmiller - Chief Financial Officer

Conference Call Participants

Ryan Brinkman - JPMorgan

Craig Kennison - Baird

Andrew Ryan - Stephens Bank

Bret Jordan - Jefferies

Bob Labick - CJS Securities

Stephanie Moore - Truist

Ali Faghri - Guggenheim


Good day and thank you for standing by. Welcome to the KAR Auction Services, Inc. Q2 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the conference over to your speaker today Mike Eliason, Treasurer and Vice President of Investor Relations. Thank you. Please go ahead.

Mike Eliason

Thanks Stephanie. Good morning and thank you for joining us today for the KAR Global second quarter 2021 earnings conference call. Today, we'll discuss the financial performance of KAR Global for the quarter ended June 30th, 2021. And after concluding our commentary, we'll take questions from participants.

Before Peter 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 Act 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 as such these are fully detailed in our SEC filings. In providing forward-looking statements, the company expressly disclaims any obligation to update these statements.

Let me also mention that throughout this conference call, we will be referencing both GAAP and non-GAAP financial measures. Reconciliations of the non-GAAP financial measures to the applicable

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