Earnings Call Excerpt
DealerTrack Inc (TRAK)
Q3 2008 Earnings Call
November 5, 2008; 05:00 pm ET
Executives
Mark O’Neil - Chairman, CEO
Robert Cox - CFO, SVP
Katherine Piscopo Stein - Investor Relations
Analysts
Aaron Schwartz - JP Morgan
David Scharf - JMP Securities
Chris Mammone - Deutsche Bank
Franco Turrinelli - William Blair
Peter Goldmacher - Cowen and Company
Chris Cowen - Thomas Weisel Partners
Gary Prestopino - Barrington Research
Mitchell Bartlett - Craig-Hallum
Presentation
Operator
Good afternoon everyone and welcome to DealerTrack’s third quarter conference call. As a reminder, today’s call is being recorded. At this time I will turn the call over to Katherine Piscopo Stein of Investor Relations at DealerTrack; please go ahead ma’am.
Katherine Piscopo Stein
Thank you, Kevin. Good afternoon and welcome to DealerTrack’s third quarter conference call. Joining me today are Mark O’Neil, Chairman and Chief Executive Officer; and Robert Cox, Chief Financial Officer and Senior Vice President.
Mark will begin today’s call with an overview of our financial results and other key metrics for the third quarter of 2008. He will then provide a quick summary of the quarter from a business and strategy prospective and discuss some of our latest accomplishments, as well as the auto lending and sales environment we have seen this year. Bob will then provide further details on our financial performance for the quarter, year to date and will discuss our outlook for the remainder of 2008. We will then be available to answer your questions.
Before I begin, I would like to remind everyone that the remarks made during this conference call will contain forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are neither promises nor guarantees, but involve risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements including without limitation those risks detailed in DealerTrack’s filings with the SEC such as our 2007 annual report on Form 10-K for the fiscal year ended December 31, 2007.
We disclaim any obligation to publicly update or revise such statements to reflect any change in our expectations or in events, conditions or circumstances on which any such statements may be based or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.
We also use non-GAAP financial measures to represent business performance. A reconciliation of GAAP to non-GAAP financial measures is included in today’s press release which is available on the Investor Relations section of the company’s website at www.dealertrak.com.
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