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

Q3 2019 KAR Auction Services Inc Earnings Call Transcript

Nov 06, 2019 / 04:00PM GMT
Release Date Price: $21.03 (-17.50%)
Operator

Ladies and gentlemen, thank you for standing by and welcome to the KAR Quarter 3 2019 Earnings Conference Call. (Operator Instructions)

Please be advised that today's conference is being recorded. (Operator Instructions)

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

Michael Eliason
KAR Auction Services, Inc. - VP of IR & Treasurer

Thanks, Victor. Good morning and thank you for joining us today for the KAR Auction Services Third Quarter 2019 Earnings Conference Call. Today, we'll discuss the financial performance of KAR Auction Services for the quarter ended September 30, 2019. After concluding our commentary, we'll take questions from participants.

Before Jim kicks off our discussion, I'd 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 Reform Act of 1995. Investors are cautioned that such forward-looking

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