AutoNation, Inc. (NYSE:AN) Q2 2023 Earnings Conference Call July 21, 2023 9:00 AM ET

Company Participants

Derek Fiebig - Vice President, Investor Relations

Mike Manley - Chief Executive Officer

Joe Lower - Chief Financial Officer

Conference Call Participants

John Murphy - Bank of America

Daniel Imbro - Stephens

Rajat Gupta - JPMorgan

Michael Ward - The Benchmark

Colin Langan - Wells Fargo

Bret Jordan - Jefferies

David Whiston - Morningstar

Operator

Good morning. My name is Ellen, and I'll be your conference operator for today. At this time, I would like to welcome everyone to the AutoNation Second Quarter 2023 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Derek Fiebig, Vice President of Investor Relations. You may begin your conference.

Derek Fiebig

Thank you, Ellen, and good morning, everyone. Welcome to AutoNation's Second Quarter 2023 Conference Call. Leading our call today will be Mike Manley, our CEO; and Joe Lower, our CFO. Following their remarks, we'll open up the call for questions. .

Before we begin, I'd like to remind you that certain statements and information on this call, including any statements regarding our anticipated financial results and objectives, constitute forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks that may cause our actual results or performance to differ materially from such forward-looking statements. Additional discussions of factors that could cause our actual results to differ materially are contained in our press release issued today and in our filings with the SEC. Certain non-GAAP financial measures as defined under SEC rules will be discussed on this call. Reconciliations are provided in our materials and on our website located at investors.autonation.com.

With that, I'll turn the call over to Mike.

Mike Manley

Yes. Thanks, Derek, and good morning, everyone. Thanks for joining us today. As normal, Joe is going to take you through the results in much more detail than I will, but what I'd like to do is talk about the business, give you a perspective from my side, touch on what we see as industry dynamics and then give another update on where we're heading and the channels that we're putting in place for growth for the business.

So as we know, there obviously continues to be mixed economic signals in the overall economy. But from our point of view, the supply and demand equation, even though it is moderating, we think, has remained favorable for the business.