Cars.com Inc.

Good morning and welcome to the CARS.com second quarter 2020 earnings conference call. Hosting the call this morning is Alex Vedder, Chief Executive Officer, and Sonia Jain, CARS newly appointed Chief Financial Officer. Also joining us on today's call is Jandy Tomey, who served as Chief Financial Officer during the second quarter. This call is being recorded and a live webcast can be found at investor.cars.com. A replay of the webcast will be available until August 13th. A copy of the accompanying slides can also be found on the company's investor site. Following today's presentation, there will be a question and answer session with Alex, Sonia, and Jandy. I'd now like to turn the call over to Kamal Hamid, Director of Investor Relations.

Good morning, everyone, and welcome to our second quarter 2020 conference call. Before I turn the call over to Alex, I'd like to draw your attention to our forward-looking statements and the description and definition of our non-GAAP financial measures, which can be found in our presentation. We will be discussing certain non-GAAP financial measures today, including adjusted EBITDA, adjusted EBITDA margin, adjusted net income, and free cash flow. Reconciliations of these non-GAAP measures to the most directly comparable GAAP measure can be found in the financial tables included with our earnings press release and in the appendix of the presentation. For more information, please refer to the risk factors included in our SEC filings, including those in our annual, quarterly, and current reports. We assume no obligation to update any forward-looking statements or information as of their respective dates. At this time, I would like to turn the call over to Alex.

Thank you, Kamal. Good morning, everyone, and welcome to our conference call for the second quarter for 2020. Before I begin to discuss the quarter, I want to take a moment to introduce Sonya Jain, our new Chief Financial Officer, who joined CARS on July 6th. She's hit the ground running, moved to Chicago, and worked with both financial and operating team members to quickly learn our business. Sonya's deep multi-channel media distribution expertise and technology prowess have enabled her to have an abbreviated learning curve and she's poised to make an immediate impact as an important business partner to me and a major contributor to our strategic goals.