Openlane Inc (MEX:KAR1)
MXN 306.29 0 (0%) Market Cap: 34.68 Bil Enterprise Value: 40.21 Bil PE Ratio: 107.96 PB Ratio: 1.62 GF Score: 76/100
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KAR Auction Services Inc at Bank of America Leveraged Finance Conference (Virtual) Transcript

Nov 30, 2021 / 02:00PM GMT
Release Date Price: MXN306.29
Douglas Evan Karson
BofA Securities, Research Division - MD

Hi, everybody. Thanks so much for joining us. Again, Doug Karson here at Bank of America. We're so delighted to have KAR Auction Services with us today. And with us from the company, we have CFO, Eric Loughmiller, and we're going to have about 30 minutes of a fireside chat format. We'll be getting some questions from investors that will be dialing in, but I'm going to be hosting the first few topics.

Thank you, Eric, for joining us. We really appreciate it and all your support for all these years.

Questions & Answers

Douglas Evan Karson
BofA Securities, Research Division - MD

I wanted to start by talking about the very strong margins the company has boasted over this very challenging environment. If you could talk to us about your margins and maybe we could weave in the [cost] of reducing some of the SG&A costs that has been kind of targeted as an opportunity.

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

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