# LMP Automotive Holdings

LMP Automotive Holdings is an Automotive Retail based in Fort Lauderdale, United States.

## Overview

- **Organization type:** Automotive Retail
- **Headquarters:** Fort Lauderdale, United States
- **Region:** North America
- **Address:** Fort Lauderdale, FL, United States
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** https://lmpmotors.com/
- **LinkedIn:** https://www.linkedin.com/company/lmp-automotive-holdings

## Regulatory record

- **Reports private funds:** No

## About

LMP Automotive Holdings is a company based in Plantation, United States, established in 2016. It operates an ecommerce platform for buying, selling, and financing used cars. The company has secured $21.4 million in total funding.

## Sectors

- Automotive

## Questions

### How does LMP Automotive Holdings generate revenue?

LMP generates revenue from new and used vehicle sales, finance and insurance products, service and parts operations at its franchised dealerships, and fees from its e-commerce platform. The company also previously pursued acquisition-based growth, buying dealership groups and integrating them into its network.

### What led to LMP's Nasdaq delisting?

LMP was delisted from Nasdaq in 2023 after failing to file its quarterly financial reports on time and disclosing substantial doubt about its ability to continue as a going concern. The company had also received shareholder lawsuits related to its financial disclosures and business practices.

### Is LMP Automotive Holdings still operating?

As of mid-2023, LMP had significantly reduced its dealership footprint and faced operational uncertainty. The company's SEC filings indicated it was exploring strategic alternatives, including potential asset sales or restructuring.

### What geographic footprint did LMP have?

At its peak, LMP operated dealerships in Florida, New York, and California, among other states. Its acquisitions included locations representing major automotive brands such as Ford, Chevrolet, Honda, Toyota, and Nissan.

### Who founded or led LMP Automotive Holdings?

Sam Tawfik served as the CEO of LMP Automotive Holdings. The company was formed through a reverse merger in 2020 and did not have a traditional founder background; rather, it was assembled by a management team and sponsors to acquire automotive retail assets.

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Last updated: 2026-06-03T20:00:00.000Z

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