Added to YB: 2022-03-11
Pitch date: 2022-03-11
LMPX [bullish]
LMP Automotive Holdings, Inc.
+869.51%
current return
Author Info
Clark Street Value is a special sits/event-driven investor. Sign up for the newsletter.
Company Info
LMP Automotive Holdings, Inc., through its subsidiaries, buys, sells, rents and subscribes for, and obtains financing for automobiles online and in person in the United States.
Market Cap
$1.5M
Pitch Price
$0.01
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-0.14
EV/Sales
N/A
Sector
Specialty Retail
Category
turnaround
LMP Automotive: Car Dealer Rollup Gone Bad, Pursuing a Sale
LMPX: Micro-cap auto dealer rollup gone bad. Pivoted from subscriptions to debt-fueled M&A spree. Now pursuing sale as stock crashed from $15 to $4 & couldn't close deals. Trades <4x EBITDA vs peers 7x on $600M rev, $50M EBITDA run-rate. Risks: Bad M&A, shady mgmt/governance, near-term debt maturity.
Read full article (5 min)