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KAR Auction Services Inc at Bank of America Leveraged Finance Virtual Conference Transcript

Dec 02, 2020 / 08:45PM GMT
Release Date Price: €14.9 (-1.97%)
Douglas Evan Karson
BofA Merrill Lynch, Research Division - MD

Hi, good afternoon. Doug Karson here, the auto analyst at Bank of America. I'm grateful to those that are participating. Looks we have a pretty good list of attendees that have dialed in. So please remember to ask questions. We'll be able to get those questions to management.

With us today, we have KAR Auction Services. They've participated for many years at Ohio Conference. We're so happy to have them on a virtual basis. With us today, we have Eric Loughmiller, the Executive VP and CFO of KAR. So we're going to kick off about 28 minutes of like a fireside chat format, and I'll start with the first topic.

Eric, thanks again for joining us. I was just looking through your deck, and I saw Slide 4, always kind of impressive in view of the size of use of vehicle market. So if you could just talk a little bit about the addressable market that you guys compete in, just to give us some framework for this discussion.

Eric M. Loughmiller
KAR Auction Services, Inc. - Executive VP & CFO

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