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 JPMorgan Auto Conference Transcript

Aug 09, 2022 / 08:35PM GMT
Release Date Price: $16.57 (-2.24%)
Ryan J. Brinkman
JPMorgan Chase & Co, Research Division - Senior Equity Research Analyst

Okay. I think if you could take your seats, we're probably ready to get going with the next presentation. Very happy to have here with us Eric Loughmiller, Executive Vice President and Chief Financial Officer of KAR Global. Eric, thanks for coming to the conference.

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

Thank you, Ryan, for having us. We're glad to be here.

Questions & Answers

Ryan J. Brinkman
JPMorgan Chase & Co, Research Division - Senior Equity Research Analyst

Okay. Great. Maybe we can talk about, well, a couple significant transformations of the business. I mean on the one hand, there had already been this increasing digitalization of the business and focus on the D2D app-based business even prior to the sale of the ADESA Physical Auction Business in the U.S. to Carvana. But maybe we can start with that second part because it really was another step change, right, in

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