Openlane Inc (NYSE:KAR)
$ 20.5 0.17 (0.84%) Market Cap: 2.19 Bil Enterprise Value: 2.39 Bil PE Ratio: 110.22 PB Ratio: 1.65 GF Score: 75/100
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KAR Auction Services Inc at Robert W Baird Global Consumer, Technology & Services Conference Transcript

Jun 05, 2019 / 05:25PM GMT
Release Date Price: $22.29 (+1.04%)
Craig R. Kennison;James P. Hallett<
Robert W. Baird & Co. Incorporated, Research Division - Director of Research Operations and Senior Research Analyst

So good afternoon, everyone. We're just a tick early, but I thought it's a full room. Let's move forward here. Welcome to the KAR Auction Services corporate presentation. I'm Craig Kennison with Baird Research. KAR Auction Services is a leading provider of auction services for used and salvaged vehicles, and it's about to become 2 separate publicly traded companies. We asked all of our companies to make news ahead of the event. And today, this team just gave a sell-side presentation, talking about the 2 businesses and how they might look. There will be additional materials online available to address those types of questions.

But today, we're very pleased to have with us Jim Hallett, who's the Chairman and CEO; and Eric Loughmiller, the CFO, of this great company. It's going to be a fireside chat format. But to begin, before we get into the Q&A, Jim, if you would just take a moment to frame the business as it is today.

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