Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
LMP Automotive Holdings, Inc., operating through its various subsidiaries, engages in a multifaceted vehicle business across the United States. The company facilitates the buying, selling, rental, and subscription of automobiles, also assisting customers with financing options. These transactions can be completed both online and in person. For its inventory, the firm primarily sources used vehicles from auctions or directly from other dealerships, while new cars are procured at preferential fleet rates from manufacturers and their authorized distributors. The company was established in 2017 and is based in Fort Lauderdale, Florida.
Company Valuation
From both historical and forecast perspectives, the stock is considerably underpriced compared to similar stocks.