OPENLANE, Inc. (KAR) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the Open Lane Inc. 3rd Quarter 2025 Warnings Conference Call. All participants will be in the listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0. After today's presentation, there will be an opportunity to ask questions. To ask a question, we will press star and then 1 on your touchtone phone. To withdraw your question, we will press star and then 2. Please note that this event is being recorded. I would now like to turn the conference over to Bill Wright, Vice President of Investor Relations. Thank you and over to you. Thank you, Operator. Good morning, everyone. Welcome to OpenLane's third quarter 2025 earnings call. With me today are Peter Kelly, CEO of OpenLane, and Brad Herring, EVP and CFO of OpenLane. Our remarks today include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties that may cause our actual results or performance to differ materially from such statements. Factors that could cause such differences include those discussed in our press release issued today and in our SEC filings. Certain non-GAAP financial measures as defined under the SEC rules will be discussed on this call. Reconciliations of GAAP to non-GAAP measures are provided in our earnings materials and available in the investor relations section of our website. Please note that all financial and operational metrics presented during the call are on a year-over-year basis unless otherwise specifically noted. With that, I'll turn the call over to Peter. Thank you, Bill, and good morning, everyone. I'm pleased to be here today to share OpenLane's strong third quarter results. Let me beg...