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.

LMP Automotive Holdings, Inc. (LMPX) CEO Sam Tawfik on Q3 2020 Results - Earnings Call Transcript

All financial comparisons stated below are versus Q2 2020, unless otherwise noted

LMP Automotive Holdings, Inc. Announces Record Growth and Third Quarter Financial Results

LMP Automotive went public in December 2019. The company has developed an online platform and offline logistics system to enable the selling, renting and delivery of automobiles in the U.S.

LMP Automotive Ramps Up Acquisition Activity

FORT LAUDERDALE, Fla., Nov. 04, 2020 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (the "Company" or "LMP"), an e-commerce and facilities-based platform for consumers who desire to buy, sell, subscribe for or finance pre-owned and new automobiles, announced that its wholly owned subsidiary LMP Finance, LLC (“LMPF”) has entered into an agreement with LTO Holdings, LLC (“LTO”), pursuant to which, LTO agreed to exclusively lease and/or subscribe for new vehicles from LMP for a period of two years in the amount of $24 million dollars, commencing immediately.

LMP Automotive Holdings Signs $24 Million Exclusive New Vehicle Lease / Subscription Agreement with Connecticut-Based LTO Holdings, LLC Through LMP's Wholly Owned Subsidiary, LMP Finance, LLC

FORT LAUDERDALE, Fla., Oct. 30, 2020 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (the "Company" or "LMP"), an e-commerce and facilities-based platform for consumers who desire to buy, sell, subscribe for or finance pre-owned and new automobiles, announced that an interview with Sam Tawfik, Chief Executive Officer, will air on The RedChip Money Report television program this Sunday November 1st. The RedChip Money Report airs in 100 million homes on Sundays at 6 p.m. local time in every country in Europe on Bloomberg International.

LMP Automotive Holdings Interview to Air on Bloomberg International on the RedChip Money Report

FORT LAUDERDALE, Fla., Oct. 15, 2020 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ:LMPX) (the "Company" or “LMP”), an e-commerce and facilities-based platform for consumers who desire to buy, sell, subscribe for or finance pre-owned and new automobiles, announced that it will report its third quarter financial results for the quarter ending September 30, 2020, following the close of market on Thursday, November 12, 2020. 

LMP Automotive Holdings, Inc. to Report Third Quarter Results and Host Quarterly Conference Call on November 12th 2020

Preliminary Expected Results of Operations Quarter- over -Quarter

LMP Automotive Holdings, Inc. Pre-Announces Accelerated Growth in the Third Quarter as Compared to the Second Quarter of 2020 - Significant Increase in Revenue

FORT LAUDERDALE, Fla., Oct. 12, 2020 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ:LMPX) (the "Company" or “LMP”), an e-commerce and facilities-based platform for consumers who desire to buy, sell, subscribe for or finance pre-owned and new automobiles, today announced its entry into a definitive agreement for the acquisition of a 70% Interest in New York’s largest franchise dealership group, Atlantic Automotive Group, and New York logistics and vehicle storage company, Atlantic Central Storage, in a deal valued at $608,000,000.

LMP Automotive Holdings, Inc. Announces “As a Courtesy to Those Analysts and Investors Who Were Unable to Attend This Morning’s Conference Call,” LMP Is Scheduling a Follow Up Call on October 13, 2020 at 4:30PM ET to Discuss Its Entry Into a Definitive Ag

FORT LAUDERDALE, Fla., Oct. 09, 2020 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ:LMPX) (the "Company" or “LMP”), an e-commerce and facilities-based platform for consumers who desire to buy, sell, subscribe for or finance pre-owned and new automobiles, today announced its entry into a definitive agreement for the acquisition of a 70% Interest in New York’s largest franchise dealership group, Atlantic Automotive Group, and New York logistics and vehicle storage company, Atlantic Central Storage, in a deal valued at $608,000,000.

LMP Automotive Holdings, Inc. Announces Entry Into a Definitive Agreement for the Acquisition of a 70% Interest in New York’s Largest Franchise Dealership Group - Atlantic Automotive Group - and New York Logistics and Vehicle Storage Company - Atlantic Ce

Interactive Subscription Leasing E-commerce App - “LMP Motors” - available in the Apple App and Google Play Stores;  Fast and seamless onboarding of customers; Automated driver’s license check, credit approval, payment and end user customer management functions; Choose vehicle > Choose subscription plan > Scan driver’s license > apply > get it delivered or pick up from store Interactive Subscription Leasing E-commerce App - “LMP Motors” - available in the Apple App and Google Play Stores;  Fast and seamless onboarding of customers; Automated driver’s license check, credit approval, payment and end user customer management functions; Choose vehicle > Choose subscription plan > Scan driver’s license > apply > get it delivered or pick up from store

LMP AUTOMOTIVE HOLDINGS, INC. ANNOUNCES INTERACTIVE SUBSCRIPTION LEASING E-COMMERCE APP – LMP MOTORS - AVAILABLE IN THE APPLE APP AND GOOGLE PLAY STORES

Turn key, full floor, secure, fully furnished, corporate and data center space equipped with redundant high-speed fiber optic cable to support our e-commerce and technology operations and development; Conveniently located in the prestigious Las Olas area a few blocks from AutoNation’s Headquarters; Full operational deployment this month housing executive, mobile app. and e-commerce support and development, procurement, logistics and fulfillment operations, in addition to M&A, automotive and finance operations. Turn key, full floor, secure, fully furnished, corporate and data center space equipped with redundant high-speed fiber optic cable to support our e-commerce and technology operations and development; Conveniently located in the prestigious Las Olas area a few blocks from AutoNation’s Headquarters; Full operational deployment this month housing executive, mobile app. and e-commerce support and development, procurement, logistics and fulfillment operations, in addition to M&A, automotive and finance operations.

LMP AUTOMOTIVE HOLDINGS, INC. ANNOUNCES EXPANSION TO NEW CORPORATE AND TECHNOLOGY HEADQUARTERS BY LEASING PREVIOUS JETSMARTER OFFICE SPACE LOCATED AT 500 EAST BROWARD BLVD.

PLANTATION, FL, Sept.  14, 2020  (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ:LMPX) (the "Company" or “LMP”), an e-commerce and facilities-based platform for consumers who desire to buy, sell, subscribe for or finance pre-owned and new automobiles, today announced the appointment of former Braman Automotive Chief Finance Officer Evan Bernstein as its Chief Financial Officer.

LMP AUTOMOTIVE HOLDINGS, INC. APPOINTS FORMER BRAMAN AUTOMOTIVE CHIEF FINANCIAL OFFICER EVAN BERNSTEIN AS ITS CHIEF FINANCIAL OFFICER

Acquisitions expected to add approximately $210 million in annual revenue, $7.1 million in income and $0.64 per share in 2021 inclusive of synergies; Brings total contracted dealership count this quarter to 12, all in the Southeast region that are expected to add a combined $645.0 million revenues and $16.4 million in net income or $1.49 in earning per share in 2021; Acquisitions significantly expand LMP’s e-commerce, sales, subscription and fufillment footprint in two of the fastestest growing regions in the Florida market; Expands LMP’s ability for cost-efficient e-commerce fullfillment, reconditioning and service capacity as well as vehicle storage capacity by approximately 3,000 units on 58 acres to further magnify the roll-out of the Company’s hybrid e-commerce home delivery, site-to-store, and ship-from-store delivery strategies for LMP customers; Acquisitions are expecte Acquisitions expected to add approximately $210 million in annual revenue, $7.1 million in income and $0.64 per share in 2021 inclusive of synergies; Brings total contracted dealership count this quarter to 12, all in the Southeast region that are expected to add a combined $645.0 million revenues and $16.4 million in net income or $1.49 in earning per share in 2021; Acquisitions significantly expand LMP’s e-commerce, sales, subscription and fufillment footprint in two of the fastestest growing regions in the Florida market; Expands LMP’s ability for cost-efficient e-commerce fullfillment, reconditioning and service capacity as well as vehicle storage capacity by approximately 3,000 units on 58 acres to further magnify the roll-out of the Company’s hybrid e-commerce home delivery, site-to-store, and ship-from-store delivery strategies for LMP customers; Acquisitions are expecte

LMP AUTOMOTIVE HOLDINGS, INC. ANNOUNCES THE ACQUISITION OF 2 DEALERSHIPS INCLUDING 2 NEW VEHICLE FRANCHISES WITH 58 ACRES OF RECONDITIONING, SERVICE, SALES AND VEHICLE STORAGE CAPACITY IN THE SOUTHEAST  LMP AUTOMOTIVE HOLDINGS, INC.

•Expands LMP’s e-commerce, sales, subscription and fufillment footprint in the Southeast market as we roll-out our hybrid e-commerce home delivery, site-to-store, and ship-from-store delivery strategies for our customers   •Expected to add approximately $320 million in annual revenue in 2021 and combined with the Southeast Toyota dealership acquisition previously announced on July 17, 2020, $435 million in annual revenue in 2021 •Expected to be accretive to 2021 earnings by $5.3 million or $.53 per share in 2021 inclusive of synergies, combined with the Southeast Toyota dealership  previously announced on July 17, 2020, $9.3 million or $.92 per share in 2021 •The acquisitions are expected to close on or before December 31, 2020 funded through a combination of LMP’s balance sheet and financing •Expands LMP’s e-commerce, sales, subscription and fufillment footprint in the Southeast market as we roll-out our hybrid e-commerce home delivery, site-to-store, and ship-from-store delivery strategies for our customers   •Expected to add approximately $320 million in annual revenue in 2021 and combined with the Southeast Toyota dealership acquisition previously announced on July 17, 2020, $435 million in annual revenue in 2021 •Expected to be accretive to 2021 earnings by $5.3 million or $.53 per share in 2021 inclusive of synergies, combined with the Southeast Toyota dealership  previously announced on July 17, 2020, $9.3 million or $.92 per share in 2021 •The acquisitions are expected to close on or before December 31, 2020 funded through a combination of LMP’s balance sheet and financing

LMP Automotive Holdings, Inc. Announces the Acquisition of 9 Southeast Dealerships Including 10 New Vehicle Franchises

LMP Automotive Holdings, Inc. (LMPX) CEO Sam Tawfik on Q2 2020 Results - Earnings Call Transcript

All financial comparisons stated below are versus Q1 2020, unless otherwise noted

LMP Automotive Holdings, Inc. Announces Record Second Quarter Financial Results

Plantation, FL, July  31, 2020  (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ:LMPX) (the "Company" or “LMP”), an e-commerce and facilities-based platform for consumers who desire to buy, sell, subscribe for or finance pre-owned and new automobiles, today it will report its second quarter  financial results for the period ended June 30, 2020, following the close of market on Friday, August 14, 2020.

LMP AUTOMOTIVE HOLDINGS, INC.  TO REPORT SECOND QUARTER RESULTS AND HOST QUARTERLY CONFERENCE CALL ON AUGUST 14th

•Expands LMP’s e-commerce, subscription sales and fufillment in the Southeast market, one of the nation’s most desirable markets •Strong, stable margins, generates approximately $100 million in annual revenue  •Expected to be accretive to 2021 earnings by $.36 per share in 2021 and inclusive of synergies by $.40 per share •Year 1 ROIC expected to be well above cost of capital •The acquisition is expected to close in the first half of Q4 2020 funded through a combination of LMP’s balance sheet and financing •Expands LMP’s e-commerce, subscription sales and fufillment in the Southeast market, one of the nation’s most desirable markets •Strong, stable margins, generates approximately $100 million in annual revenue  •Expected to be accretive to 2021 earnings by $.36 per share in 2021 and inclusive of synergies by $.40 per share •Year 1 ROIC expected to be well above cost of capital •The acquisition is expected to close in the first half of Q4 2020 funded through a combination of LMP’s balance sheet and financing

LMP Automotive Holdings, Inc. Announces the Acquisition of a 75% Interest in a Southeast Toyota Franchise Dealership

Preliminary Expected Results of Operations Quarter-to-Quarter

LMP Automotive Holdings, Inc. Pre-Announces Strong Second Quarter Results Amid COVID-19 Crisis - Significant Increase in Revenue and Operating Profit

PLANTATION, FL , July  06, 2020  (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (the “Company” or “LMP”), an e-commerce and facilities-based platform for consumers who desire to buy, sell, subscribe for or finance pre-owned and new automobiles, today announced the hiring of Brian D. Finnegan as Executive Manager.

LMP Automotive Holdings, Inc. Hires Brian D.

PLANTATION, Fla., June  15, 2020  (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (the “Company” or “LMP”), an e-commerce and facilities-based platform for consumers who desire to buy, sell, subscribe for or finance pre-owned and new automobiles, today announced the hiring of William E. Myers II as Chief Financial Officer.

LMP Automotive Holdings, Inc. Hires William E.

LMP Automotive Holdings, Inc. (LMPX) CEO Sam Tawfik on Q1 2020 Results - Earnings Call Transcript

LMP Automotive Holdings' (LMPX) CEO Sam Tawfik on Q4 2019 Results - Earnings Call Transcript

News for LMP Automotive Holdings Stock (LMPX)