LMPX - LMP Automotive Holdings jumps 10% on strong growth momentum for 2021

LMP Automotive ([[LMPX]] +9.5%) reports Q4 revenue increase of 32% Y/Y to $4M; driven by the increase in sales from ‘sales-type’ lease contracts, and increased vehicle sales revenues.Subscription fees revenue of $347,565, as compared to $430,760 in Q3 2020 and $482,059 in Q4 2019.Gross margin declined by 90 bps to 7.27%; Adj. EBITDA improved from (18.9%) to (4.3%).Subscription Leasing and Rental margin increased 3,720 bps to 76.7%."The acquisition market remains robust, and we are well positioned to continue the acceleration of our growth strategy," said Sam Tawfik, Chairman and CEO.Q1 2021 Guidance: Revenue $29M-$31M; Adj. EBITDA margin 3.3%-3.6%; Total Vehicle units 1,000; F&I Used Vehicle Revenue/Unit $1,490; F&I New Vehicle Revenue/Unit $1,620.2021 Guidance: Revenue $535M; Adj. EBITDA margin 4.4%; Total Vehicle units 19,600; F&I Used Vehicle Revenue/Unit $1,490; F&I New Vehicle Revenue/Unit $1,620.2022 Guidance: Revenue $587M; Adj. EBITDA margin 4.9%; Total Vehicle units 20,600; F&I Used Vehicle Revenue/Unit $1,530; F&I New Vehicle

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LMP Automotive Holdings jumps 10% on strong growth momentum for 2021