Bryan B. DeBoer | Lithia Motors, Inc. |
Christopher S. Holzshu | Lithia Motors, Inc. |
John F. North III | Lithia Motors, Inc. |
Bret Jordan | Jefferies LLC |
James J. Albertine | Consumer Edge Research LLC |
Steven L. Dyer | Craig-Hallum Capital Group LLC |
John Murphy | Bank of America Merrill Lynch |
Armintas Sinkevicius | Morgan Stanley & Co. LLC |
Chris Bottiglieri | Wolfe Research LLC |
David Whiston | Morningstar, Inc. (Research) |
Good morning and welcome to the Lithia Motors Third Quarter 2018 Conference Call. Management may make statements about future events, including financial projections and expectations about the company's products, markets and growth. Such statements are forward-looking and subject to risks and uncertainties that could cause actual results to differ materially from the statements made. The company discloses material risks and uncertainties in its filings with the Securities and Exchange Commission. The company urges you to carefully consider these disclosures and not to place undue reliance on forward-looking statements.