Asbury Automotive Group, Inc. (NYSE:ABG) Q2 2022 Earnings Conference Call July 28, 2022 10:00 AM ET

Company Participants

Karen Reid - Vice President and Treasurer

David Hult - President and Chief Executive Officer

Dan Clara - Senior Vice President of Operations

Michael Welch - Senior Vice President and Chief Financial Officer

Conference Call Participants

Daniel Imbro - Stephens, Inc.

Rajat Gupta - J.P. Morgan

Dave Whiston - Morningstar

Ryan Sigdahl - Craig-Hallum Capital Group

Bret Jordan - Jefferies

Operator

Good day and welcome to the Asbury Automotive Group Second Quarter 2022 Earnings Call. Today's conference is being recorded.

At this time, I would like to turn the conference over to Karen Reid. Please go ahead.

Karen Reid

Thanks, operator, and good morning, everyone. As Kevin noted, today's call is being recorded and will be available for replay later this afternoon. Welcome to Asbury Automotive Group's second quarter 2022 earnings call. The press release detailing Asbury's second quarter results was issued earlier this morning and is posted on our website at asburyauto.com. Participating with me today are David Hult, our President and Chief Executive Officer; Dan Clara, our Senior Vice President of Operations; and Michael Welch, our Senior Vice President and Chief Financial Officer.

At the conclusion of our remarks, we will open the call up for questions, and will be available later for any follow-up questions. Before we begin, we must remind you that the discussion during the call today is likely to contain forward-looking statements. Forward-looking statements are statements other than those which are historical in nature, which may include financial projections, forecasts, and current expectations, each of which are subject to significant uncertainties.

For information regarding certain of the risks that may cause actual results to differ materially from these statements, please see our filings with the SEC from time-to-time, including our Form 10-K for the year ended December 2021 and any subsequently filed quarterly reports on Form 10-Q, and our earnings release issued earlier today. We expressly disclaim any responsibility to update forward-looking statements.

In addition, certain non-GAAP financial measures as defined under SEC rules may be discussed on this call. As required by applicable SEC rules, we provide reconciliations to any such non-GAAP financial measures to the most directly comparable GAAP measures on our website. We've also posted an updated investor presentation on our website, asburyauto.com, highlighting our second quarter results.

It is now my pleasure to hand the call over to our CEO, David Hult. David?