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LMP Automotive Holdings

Full company profile

uuid0006748

Namestring
LMP Automotive Holdings
Legal namestring
LMP Automotive Holdings, Inc.
Websiteurl
lmpmotors.com
Company typeenum
Public
Founded yearint
2016
Descriptiontext

LMP Automotive Holdings, Inc. (NASDAQ: LMPX) is a US-incorporated, publicly traded company positioned as an ecommerce platform for buying, selling, and financing used cars. Founded in 2016 and headquartered in Plantation, Florida, the company operates with a small team of 11-50 employees. Its stated business model combines online used-vehicle retail with consumer financing services, targeting both end-buyers and sellers in the secondary auto market. The legal entity is LMP Automotive Holdings, Inc., and the company is listed on the OTC/NASDAQ marketplace under ticker LMPX.

The company's technology footprint and product surface are not described in available source material — no proprietary platform architecture, software stack, AI/ML components, or product feature inventory is disclosed. The customer-facing website at lmpmotors.com is currently non-functional and displays a cPanel default 'Default Web Site Page' error, indicating a hosting or DNS configuration issue rather than an active product experience. No customer logos, distribution partnerships, regulatory actions, certifications, or third-party integrations are documented.

The company completed one known capital raise — a February 2018 round of approximately $9.5 million led by Riveria Investment Group. Leadership comprises founder Samer Tawfik (CEO and Executive Director), with William E. Myers and Robert Bellaflores both listed in CFO capacities (the duplicate designation suggests a data error or transition). Reported financials across 2016-2020 show persistent net losses and negative EBITDA in every year, with a single year of positive gross profit in 2020. The combination of a non-functional website, absence of post-2018 funding, chronic unprofitability, and lack of disclosed product, technology, or partnership detail indicates the company is either in significant operational distress or has substantially curtailed active business operations.

Short descriptiontext

LMP Automotive Holdings (NASDAQ: LMPX) is a US-based, publicly traded ecommerce platform for buying, selling, and financing used cars, founded in 2016 and headquartered in Plantation, Florida, operating with 11-50 employees.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersPlantation, United States
HQ citystring
Plantation
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
used car retail, auto ecommerce, consumer auto financing, used vehicle sales, online car buying
Industry1 code
1Auto / Vehicle Marketplace Lending
CodeFSAKAHAFPrimaryYes
NAICS code1 code
  • Used Car Dealers44112
Product category
Used Automotive Retail
No data
Cost components5 values
Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

LMP Automotive Holdings operates an e-commerce platform for buying, selling, and financing used cars, targeting individual consumers. The company combines online vehicle browsing and purchase workflows with consumer auto financing solutions, supplemented by physical dealership operations in Plantation, Florida.

Differentiator
Functional benefit
Problem solved
Product and service2 records
1Used vehicle sales
CategoryUsed Automotive Retail
Description

Retail sale of pre-owned vehicles to individual consumers via an online storefront and physical dealership in Plantation, Florida.

2Consumer auto financing
CategoryConsumer Auto Finance
Description

Financing solutions arranged for retail customers purchasing used vehicles through the LMP platform, including in-house or sourced consumer auto loans.

Recent move1 record

Each record includes

Date, Type, Title, Description, Source

Market position
Competitive moat2 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights3 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

LMP Automotive Holdings

Used Automotive Retaillmpmotors.com

LMP Automotive Holdings (NASDAQ: LMPX) is a US-based, publicly traded ecommerce platform for buying, selling, and financing used cars, founded in 2016 and headquartered in Plantation, Florida, operating with 11-50 employees.

What LMP Automotive Holdings does

LMP Automotive Holdings, Inc. (NASDAQ: LMPX) is a US-incorporated, publicly traded company positioned as an ecommerce platform for buying, selling, and financing used cars. Founded in 2016 and headquartered in Plantation, Florida, the company operates with a small team of 11-50 employees. Its stated business model combines online used-vehicle retail with consumer financing services, targeting both end-buyers and sellers in the secondary auto market. The legal entity is LMP Automotive Holdings, Inc., and the company is listed on the OTC/NASDAQ marketplace under ticker LMPX.

The company's technology footprint and product surface are not described in available source material — no proprietary platform architecture, software stack, AI/ML components, or product feature inventory is disclosed. The customer-facing website at lmpmotors.com is currently non-functional and displays a cPanel default 'Default Web Site Page' error, indicating a hosting or DNS configuration issue rather than an active product experience. No customer logos, distribution partnerships, regulatory actions, certifications, or third-party integrations are documented.

The company completed one known capital raise — a February 2018 round of approximately $9.5 million led by Riveria Investment Group. Leadership comprises founder Samer Tawfik (CEO and Executive Director), with William E. Myers and Robert Bellaflores both listed in CFO capacities (the duplicate designation suggests a data error or transition). Reported financials across 2016-2020 show persistent net losses and negative EBITDA in every year, with a single year of positive gross profit in 2020. The combination of a non-functional website, absence of post-2018 funding, chronic unprofitability, and lack of disclosed product, technology, or partnership detail indicates the company is either in significant operational distress or has substantially curtailed active business operations.

LMP Automotive Holdings firmographics

Firmographics
Name
LMP Automotive Holdings
Legal name
LMP Automotive Holdings, Inc.
Website
https://lmpmotors.com
Company type
Public
Founded year
2016
Operating status
Operating
Headcount range
11–50 employees
Short description
LMP Automotive Holdings (NASDAQ: LMPX) is a US-based, publicly traded ecommerce platform for buying, selling, and financing used cars, founded in 2016 and headquartered in Plantation, Florida, operating with 11-50 employees.
Ownership category
akta.pro rank

LMP Automotive Holdings industry classification

Industry
Product category
Used Automotive Retail
NAICS
Used Car Dealers (44112)
akta.pro primary industry
Auto / Vehicle Marketplace Lending (FSAKAHAF)

Keywords

  • Used car retail
  • Auto ecommerce
  • Consumer auto financing
  • Used vehicle sales
  • Online car buying

Where LMP Automotive Holdings is headquartered

Location

Headquarters

HQ city
Plantation
HQ country
United States
HQ region
North America

Markets served

LMP Automotive Holdings business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D

LMP Automotive Holdings product offering

Product offering

Core offering

LMP Automotive Holdings operates an e-commerce platform for buying, selling, and financing used cars, targeting individual consumers. The company combines online vehicle browsing and purchase workflows with consumer auto financing solutions, supplemented by physical dealership operations in Plantation, Florida.

Differentiator

Problem solved

Functional benefit

Products and services

  • Used vehicle sales Retail sale of pre-owned vehicles to individual consumers via an online storefront and physical dealership in Plantation, Florida.
  • Consumer auto financing Financing solutions arranged for retail customers purchasing used vehicles through the LMP platform, including in-house or sourced consumer auto loans.

Companies that use LMP Automotive Holdings

Customer profile

Ideal customer profiles1 record

LMP Automotive Holdings technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

LMP Automotive Holdings partnerships and signals

Strategic signal

Recent moves1 record

LMP Automotive Holdings competitors and assessment

Company assessment

Market position

Competitive moat2 records

Key risks5 records

Key highlights3 records

Customer concentration

LMP Automotive Holdings financial estimates

Financial estimate

Revenue estimate

Valuation estimate

LMP Automotive Holdings leadership team

Management profile

Number of profiles

Profiles3 records

LMP Automotive Holdings funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

LMP Automotive Holdings M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LMP Automotive Holdings

What does LMP Automotive Holdings do?

LMP Automotive Holdings operates an e-commerce platform for buying, selling, and financing used cars, targeting individual consumers. The company combines online vehicle browsing and purchase workflows with consumer auto financing solutions, supplemented by physical dealership operations in Plantation, Florida.

Is LMP Automotive Holdings a public or private company?

LMP Automotive Holdings is a public company. It is classified as public and is currently operating.

When was LMP Automotive Holdings founded?

LMP Automotive Holdings was founded in 2016. It employs 11 to 50 people.

Where is LMP Automotive Holdings based?

LMP Automotive Holdings is headquartered in Plantation, United States, in the North America region.

Does LMP Automotive Holdings have an API?

No public API is recorded for LMP Automotive Holdings.

What industry is LMP Automotive Holdings in?

LMP Automotive Holdings's product category is Used Automotive Retail. Its primary akta.pro industry code is FSAKAHAF, Auto / Vehicle Marketplace Lending. Its NAICS code is 44112.

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Live signals
GlobeNewswireLMP 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 ProLMP Automotive Holdings announced a $0.20 per share liquidating distribution on February 7, 2024, to shareholders of record as of January 31, 2024. CEO Sam Tawfik will provide management services without compensation after March 1, 2024. The company expects additional liquidating distributions in the second half of 2024, estimated between $0.02 and $0.36 per share.GlobeNewswireLMP 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 ProvLMP Automotive Holdings announced a $1.50 per share liquidating distribution on September 8, 2023, to shareholders of record as of August 31, 2023. The company filed for dissolution and expects a second distribution in the first quarter of 2024 after resolving known claims and fees.GlobeNewswireLMP Automotive Holdings, Inc. today announced it has closed on the sale of its Chevrolet, Buick GMC Dealerships in Beckley, WVLMP Automotive Holdings closed the sale of its Chevrolet, Buick GMC dealerships and underlying real estate in Beckley, West Virginia. The company, an e-commerce and facilities-based automotive retailer, announced the transaction on June 14, 2023.GlobeNewswireLMP Automotive Holdings, Inc. declared a special cash dividend of $1.24 per share payable on May 8, 2023, to all stockholders of record as of April 29, 2023LMP Automotive Holdings declared a special cash dividend of $1.24 per share, payable on May 8, 2023 to stockholders of record as of April 29, 2023. The company, an e-commerce and facilities-based automotive retailer, also included forward-looking statements about its business and potential liquidation.GlobeNewswireLMP Automotive Holdings, Inc. today announced it has closed on the sale of its KIA and Subaru Dealerships in Mount Hope, WV and Provided a Corporate UpdateLMP Automotive Holdings closed the sale of its KIA and Subaru dealerships in Mount Hope, WV. The company, an e-commerce and facilities-based automotive retailer, also provided a corporate update. The press release includes forward-looking statements about the transaction's timing and potential risks.GlobeNewswireLMP Automotive Holdings, Inc. and its Affiliates Announces Certain Asset Sale Agreements and Provides a Corporate UpdateLMP Automotive Holdings entered definitive sale agreements for its Chevrolet, Buick GMC dealerships and underlying real estate in Beckley, West Virginia, with closing expected in June 2023. The company also expects to close sales of its Kia and Subaru dealerships in the coming weeks.GlobeNewswireLMP Automotive Holdings, Inc. Declared a Special Cash Dividend of $4.68 Per Share Payable on February 28, 2023 To All Stockholders of Record as of February 13, 2023LMP Automotive Holdings declared a special cash dividend of $4.68 per share, payable on February 28, 2023 to stockholders of record as of February 13, 2023. The company also agreed to sell its Subaru and Kia dealerships in Beckley, West Virginia, and intends to declare additional dividends or distributions.GlobeNewswireLMP Automotive Holdings, Inc. today announced it has closed on the sale of its KIA Dealerships in Port Charlotte, FL and Cape Coral, FL to Morgan Auto Group and Provided a Corporate UpdateLMP Automotive Holdings closed the sale of its KIA dealerships in Port Charlotte and Cape Coral, Florida, to Morgan Auto Group. The company also signed agreements to sell its Subaru and Kia dealerships in Beckley, West Virginia, with a March 2023 closing expected. It continues its liquidation plan, with a partial shareholder distribution beginning in January 2023.GlobeNewswireLMP Automotive Holdings, Inc. today announced it has closed on the sale of its Chevrolet Buick GMC Cadillac Dealership in Greeneville, TennesseeLMP Automotive Holdings closed the sale of its Chevrolet Buick GMC Cadillac dealership in Greeneville, Tennessee. The company, an e-commerce and facilities-based automotive retailer, also outlined its business model and forward-looking statements regarding the transaction.GlobeNewswireLMP Automotive Holdings, Inc. and its Affiliates Announces Certain Asset Sale Agreements with Morgan Auto Group and Provides a Corporate UpdateLMP Automotive Holdings announced definitive agreements to sell its Kia dealerships in Port Charlotte and Cape Coral, Florida, to Morgan Auto Group, with closing expected before year-end. The company also plans to sell its Tennessee dealership and real estate, and has received indications of interest for additional assets. It continues its plan of liquidation to distribute net proceeds to shareholders.