LMP Automotive Holdings, Inc.
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- LMP Automotive Holdings, Inc. (LMPX) operates as an e-commerce and facilities-based automotive retailer in the United States, providing consumers with platforms to buy, sell, rent, subscribe for, or finance new and pre-owned automobiles; its core offerings encompass new and used vehicles sourced primarily through auctions, other dealers, or manufacturers at fleet rates, finance and insurance products, automotive repair and maintenance services, spare parts, and accessories, along with vehicle renting options via a proprietary "Buy, Rent or Subscribe, Sell and Repeat" business model that leverages digital technologies for customer acquisition, owned inventories, and physical logistics networks including free delivery points. The company, founded in 2017 and headquartered in Fort Lauderdale, Florida, employs 17 staff and serves retail and fleet customers nationwide through subsidiaries such as LMP Motors.com, LLC and LMP Finance, LLC, focusing on the full vehicle ownership lifecycle with both online and in-person experiences. Recent major changes include a $24 million exclusive new vehicle lease and subscription agreement with LTO Holdings for two years, enhancing its leasing capabilities; a $675,000 majority interest acquisition in LTO Holdings via LMP Finance, LLC, adding a reconditioning center and capacity for approximately 350 more vehicles in the Northeast; multiple dealership asset sales such as Kia locations in Port Charlotte and Cape Coral, Florida to Morgan Auto Group, KIA and Subaru dealerships in Mount Hope and Beckley, West Virginia, a Chevrolet Buick GMC Cadillac dealership in Greeneville, Tennessee, and a Chrysler Jeep Dodge Ram dealership in New York, alongside a $4 million sale of its Plantation, Florida property, as part of a strategic liquidation plan approved by stockholders to distribute net proceeds including a $0.20 per share payout in February 2024 and generate cash for shareholder value maximization.
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LMP Automotive Holdings, Inc. today announced it will issue a shareholder liquidation distribution of $0.20 per share on February 7, 2024, to all shareholders as of record of January 31, 2024, and Provided a Corporate Update
LMP Automotive Holdings, Inc. today announced it will issue a shareholder liquidation distribution of $1.50 per share on September 8, 2023, to all shareholders as of record of August 31, 2023 and Provided a Corporate Update
LMP Automotive Holdings, Inc. Announces Delay of 2021 Financial Results and Quarterly Conference Call
LMP Automotive Holdings, Inc. (LMPX) CEO Sam Tawfik on Q3 2021 Results - Earnings Call Transcript
LMP Automotive Holdings, Inc. to Report Third Quarter 2021 Financial Results and Host Quarterly Conference Call on November 15, 2021
LMP Announces Closing of White Plains Chrysler Dodge Jeep Ram
LMP Announces the Closing of its Acquisition of White Plains Chrysler Dodge Jeep Ram Dealership in New York is Expected to be Completed by Wednesday October 6th
LMP Automotive Holdings, Inc. Provides its Planned Closing Schedule for Contracted Acquisitions
LMP Announces a Definitive Acquisition Agreement to Purchase 5 Import Dealerships in Texas, Along with the Associated Real Estate, Generating Approximately $592 Million in Annualized Revenue and $35 Million in Adjusted EBITDA
LMP Announces a Definitive Acquisition Agreement to Purchase an 85% Interest in the Alan Jay Automotive Network, a 12-Dealership Group in Florida, Along with the Associated Real Estate, Generating Approximately $345 Million in Annualized Re
LMP Announces a Definitive Acquisition Agreement for a Chrysler Dodge Jeep Ram Dealership in Tennessee, Generating Approximately $42 Million in Annualized Revenue and $1.4 Million in Adjusted EBITDA
LMP Automotive's (LMPX) CEO Sam Tawfik on Q2 2021 Results - Earnings Call Transcript
LMP Automotive Acquires Kia Dealership In New York For $14M
LMP Announces a Definitive Acquisition Agreement for a Kia Dealership in New York, Generating Approximately $82 Million in Annualized Revenue and $2.7 Million in Adjusted EBITDA
LMP Automotive Stock Gains On Acquiring Chrysler Dodge Jeep Ram Dealership In New York
LMP Announces a Definitive Acquisition Agreement for a Chrysler Dodge Jeep Ram Dealership in New York, Including the Associated Real Estate, Generating Approximately $80 Million in Annualized Revenue and $2.6 Million in Adjusted EBITDA
LMPX Stock Increased Over 10% Intraday: Why It Happened