Katharine Kenny | Vice President, IR |
Bill Nash | President and CEO |
Tom Reedy | EVP and CFO |
Sharon Zackfia | William Blair |
Brian Nagel | Oppenheimer |
Craig Kennison | Robert W. Baird |
Rick Nelson | Stephens, Inc. |
Beth Reed | RBC Capital Markets |
Seth Basham | Wedbush Securities |
Armintas Sinkevicius | Morgan Stanley |
John Murphy | Bank of America Merrill Lynch |
David Whiston | Morningstar |
Chris Bottiglieri | Wolfe Research |
Seth Sigman | Credit Suisse |
Ali Faghri | Guggenheim Securities |
Good morning. My name is Kim, and I will be your conference operator today. At this time, I would like to welcome everyone to the CarMax Fiscal 2019 Fourth Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session.