LMP Automotive Holdings

LMP Automotive Holdings, Inc. engages in the provision of an e-commerce and facilities-based retail platform for consumers who desire to buy, sell, rent, subscribe for or finance pre-owned and new automobiles. The company was founded by Samer Tawfik on December 15, 2017 and is headquartered in Plantation, FL.

Earnings data Q4 2019

Earnings data Q1 2020

Earnings data Q2 2020

Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

LMP Automotive Holdings, Inc. engages in the provision of an e-commerce and facilities-based retail platform for consumers who desire to buy, sell, rent, subscribe for, or finance pre-owned and new automobiles. The company was founded by Samer Tawfik on December 15, 2017 and is headquartered in Fort Lauderdale, FL.

FORT LAUDERDALE, FL , Oct. 01, 2021 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX), an e-commerce and facilities-based automotive retailer in the United States, today announced 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. The acquisition was initially expected to close today.

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

FORT LAUDERDALE, FL , Sept. 23, 2021 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX), an e-commerce and facilities-based automotive retailer in the United States, today provided its planned closing schedule for contracted acquisitions.

LMP Automotive Holdings, Inc. Provides its Planned Closing Schedule for Contracted Acquisitions

Automotive retailer LMP Automotive Holdings Inc (NASDAQ: LMPX) has agreed to acquire five import dealerships in Texas, including the associated real estate, for ~$62.5 million. LMP expects the acquisition to add about $35 million in adjusted EBITDA or $2.95 per share in 2022.

LMP To Acquire 5 Import Dealerships, Associated Real Estate In Texas For $62.5M

LMP Automotive Holdings Inc (NASDAQ: LMPX) has agreed to acquire 85% interest in the Alan Jay Automotive Network, a 12-dealership group in Florida, along with the associated real estate, for about $50 million. Alan Jay Automotive Network generates approximately $345 million in annualized revenue and $18.3 million in adjusted EBITDA.

LMP To Buy 85% Interest In Alan Jay Automotive And Associated Real Estate For ~50M

FORT LAUDERDALE, FL, Sept. 13, 2021 (GLOBE NEWSWIRE) -- / LMP Automotive Holdings, Inc. (NASDAQ: LMPX), an e-commerce and facilities-based automotive retailer in the United States, today announced its entry into a definitive acquisition agreements to purchase five import dealerships in Texas, including 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 5 Import Dealerships in Texas, Along with the Associated Real Estate, Generating Approximately $592 Million in Annualized Revenue and $35 Million in Adjusted EBITDA

FORT LAUDERDALE, FL , Sept. 13, 2021 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX), an e-commerce and facilities-based automotive retailer in the United States, today announced its entry into definitive acquisition agreements 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 revenue and $18.3 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

FORT LAUDERDALE, FL , Aug. 24, 2021 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX), an e-commerce and facilities-based automotive retailer in the United States, today announced its entry into 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 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 Holdings, Inc. Announces Second Quarter Financial Results

Automotive retailer LMP Automotive Holdings Inc (NASDAQ: LMPX) has acquired a Kia dealership in New York for $14 million to expand its Northeast footprint further.  LMP expects the deal to add $2.7 million in adjusted EBITDA or $0.26 per share in 2022.

LMP Automotive Acquires Kia Dealership In New York For $14M

FORT LAUDERDALE, FL , Aug. 09, 2021 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX), an e-commerce and facilities-based automotive retailer in the United States, today announced its entry into 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 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 Holdings Inc (NASDAQ: LMPX) has entered an acquisition agreement for a Chrysler Dodge Jeep Ram dealership in New York for a purchase price of about $11 million for goodwill and $8.2 million for the associated real estate. It expects the deal to add about $2.6 million in adjusted EBITDA or $0.26 per share in 2022.

LMP Automotive Stock Gains On Acquiring Chrysler Dodge Jeep Ram Dealership In New York

FORT LAUDERDALE, FL , July 26, 2021 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX), an e-commerce and facilities-based automotive retailer in the United States, today announced its entry into a definitive acquisition agreement for a Chrysler Dodge Jeep Ram dealership in New York, along with the associated real estate, generating approximately $80 million in annualized revenue and $2.6 million in adjusted EBITDA.

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

The stock price of LMP Automotive Holdings Inc (NASDAQ: LMPX) increased by over 10% during intraday trading. This is why it happened.

LMPX Stock Increased Over 10% Intraday: Why It Happened

FORT LAUDERDALE, FL , July 22, 2021 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX), an e-commerce and facilities-based automotive retailer in the United States, today announced its entry into a definitive acquisition agreement for a Kia dealership in Connecticut, along with the associated real estate, generating approximately $40 million in annualized revenue and $1.9 million in adjusted EBITDA.

LMP Announces a Definitive Acquisition Agreement for a Kia Dealership in Connecticut, Including the Associated Real Estate, Generating Approximately $40 Million in Annualized Revenue and $1.9 Million in Adjusted EBITDA

LMP Automotive Holdings Inc (NASDAQ: LMPX) has acquired certain dealerships of General Motors Company (NYSE: GM) and Nissan Motor Co Ltd (OTC: NSANY) in Texas, along with the associated real estate, for about $141 million. The company expects this deal to add about $27 million in adjusted EBITDA or $2.19 per share and $250 million in annualized revenue in 2022.

LMP Automotive Stock Jumps After Deal To Buy GM, Nissan Dealerships In Texas For $141M

FORT LAUDERDALE, FL , July 19, 2021 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (the “Company”), an e-commerce and facilities-based automotive retailer in the United States, today announced it will report its second quarter 2021 financial results for the period ended June 30, 2021, after the close of market on Thursday, August 12, 2021. On that day, management will hold a conference call at 4:30 p.m. ET to review and discuss the Company's business and results.

LMP Automotive Holdings, Inc. to Report Second Quarter 2021 Financial Results and Host Quarterly Conference Call on August 12, 2021

FORT LAUDERDALE, FL , July 19, 2021 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX), an e-commerce and facilities-based automotive retailer in the United States, today announced its entry into a definitive acquisition agreement for General Motors and Nissan dealerships in Texas, along with the associated real estate, generating approximately $250 million in annualized revenue and $27 million in adjusted EBITDA.

LMP Announces a Definitive Acquisition Agreement for General Motors and Nissan Dealerships in Texas, Including the Associated Real Estate, Generating Approximately $250 Million in Annualized Revenue and $27 Million in Adjusted EBITDA

FORT LAUDERDALE, FL , July 16, 2021 (GLOBE NEWSWIRE) --  LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (“LMP” or the “Company”), an e-commerce and facilities-based automotive retailer in the United States, today announced its addition of James Serenius as Senior Corporate Controller.

LMP Automotive Holdings, Inc. Announces an Addition to it's Senior Management Team

FORT LAUDERDALE, FL, July 12, 2021 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (“LMP” or the “Company”), an e-commerce and facilities-based automotive retailer in the United States, today Announced Senior Management Addition.

LMP Automotive Holdings, Inc. Announces Senior Management Addition

The stock price of LMP Automotive Holdings Inc (NASDAQ: LMPX) increased by over 15% pre-market. This is why it happened.

LMP Automotive Stock Increases Over 15% Pre-Market: Why It Happened

FORT LAUDERDALE, FL, July 08, 2021 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (“LMP” or the “Company”), an e-commerce and facilities-based automotive retailer in the United States, today announced that the Board has authorized a debt refinancing, and subject to the conditions of such debt refinancing, a stock buy back and dividend.

LMP Automotive Holdings, Inc. Announces Board Approval for Debt Refinancing and Conditional Approval of a Stock Buy Back and Dividend

LMP Automotive Holdings Inc (NASDAQ: LMPX) has appointed Robert Bellaflores as its Chief Financial Officer, effective immediately. Before joining the company, Bellaflores worked as a senior executive in the Projects Division of Steven Douglas & Associates.

LMP Automotive Appoints Robert Bellaflores As CFO

Fort Lauderdale, Florida , July 07, 2021 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (“LMP” or the “Company”), an e-commerce and facilities-based automotive retailer in the United States, today Announced the Appointment of Robert Bellaflores as Chief Financial Officer.

LMP Automotive Holdings, Inc. Announces the Appointment of Robert Bellaflores as Chief Financial Officer

LMP Automotive Holdings Inc (NASDAQ: LMPX) reported first-quarter FY21 sales of $33 million, up 516.8% year-on-year, beating the consensus estimate of $13.37 million. The increase in revenue is primarily driven by approximately three weeks of sales from acquisitions closed in March of 2021.

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