Lmp Automotive Holdings Inc (LMPX) Big Win For All Investors

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. SCHEDUL
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

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