CarGurus, Inc. (NASDAQ:CARG) Q2 2022 Earnings Conference Call August 8, 2022 5:00 PM ET
Company Participants
Kirndeep Singh – Vice President-Investor Relations
Jason Trevisan – Chief Executive Officer
Scot Fredo – Chief Financial Officer
Sam Zales – President and Chief Operating Officer
Conference Call Participants
Chris Pierce – Needham
Brad Erickson – RBC Capital Markets
Marvin Fong – BTIG
Tom White – D.A. Davidson
Naved Khan – Truist Securities
Ralph Schackart – William Blair
John Colantuoni – Jefferies
Nick Jones – JMP Securities
Doug Arthur – Huber Research
Jed Kelly – Oppenheimer
Operator
Greetings, and welcome to the CarGurus Inc. Second Quarter 2022 Earnings Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
I will now turn the call over to Ms. Kirndeep Singh, Vice President, Investor Relations. Please go ahead.
Kirndeep Singh
Thank you, operator. Good afternoon. I'm delighted to welcome you to CarGurus' second quarter 2022 earnings call. We will be discussing the results announced in our press release issued today after the market closed and posted on our Investor Relations website. With me on the call today are Jason Trevisan, Chief Executive Officer; Scot Fredo, Chief Financial Officer; and Sam Zales, President and Chief Operating Officer.
During the call, we will make statements regarding our business that may be considered forward-looking within applicable securities laws, including statements concerning our outlook for the third quarter 2022, management's expectations for our future financial and operational performance, our business and growth strategies, our expectations for our CarOffer business and acquisition synergies, as well as our potential acquisition of additional equity interest in CarOffer, the value proposition of our current product offerings and other product opportunities, the impact of the semiconductor chip shortage and other macro-level industry issues and other statements regarding our plans, prospects and expectations.
These statements are not promises or guarantees and are subject to risks and uncertainties, which could cause them to differ materially from actual results. Information concerning those risks is available in our earnings press release issued after market close today and in our most recent reports on Forms 10-K and 10-Q, which along with our other SEC filings can be found on the SEC's website and in the Investor Relations section of our website. We undertake no obligation to update forward-looking statements, except as required by law. Further, during the course of today's call, we will refer to certain non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included in our press release issued today as well as in our updated investor presentation, which can also be found on the Investor Relations section of our website.