Lmp Automotive Holdings Inc. Stock Analysis LMPX

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 firm offers a range of products and services fulfilling the entire vehicle ownership lifecycle, including new and used vehicles, finance and insurance products and automotive repair and maintenance. Its e-commerce technology and strategy are designed to disrupt the industry by leveraging its selection of owned inventories and physical logistics networks. The firm seeks to provide customers with both online and in person services. Its physical logistics network enables it to provide convenient free delivery points for customers and provide services throughout the entire ownership life cycle. The firm uses digital technologies to lower its customer acquisition costs and achieve operational efficiencies.