LMP Automotive Holdings is a holding company. Through its subsidiaries, Co. provides its customers the opportunity to buy, sell, rent and subscribe for, and obtain financing for automobiles both online and in person. Co. buys pre-owned automobiles through auctions or from other automobile dealers, and new automobiles from manufacturers and manufacturer distributors at fleet rates. Co. rents or subscribes by either renting automobiles to its customers or allowing them to enter into its subscription plan for automobiles. Co. sells its inventory, including automobiles previously included in its rental and subscription programs, to customers as well, and then Co. repeats the whole process. The LMPX average annual return since 2019 is shown above.
The Average Annual Return on the LMPX average annual return since 2019 page and across the coverage universe of our site,
is a measure of the annualized return over the past ten years (or specified start date) for a given investment
(up to the end of prior trading session recorded). Arguably, choosing ten years for a measurement
period is on the one hand completely arbitrary, but on the other hand provides a sufficiently long window
to capture long-term trends.
Thus, researching Average Annual Returns is good practice for investors — whether LMPX average annual return since 2019 or other benchmarks/peers
— and when doing so it is also important to factor in dividends, because a financial instrument's annualized return is
more than just the change in price if that instrument pays a dividend or coupon. Our website aims to empower investors
by performing the LMPX average annual return calculation with any dividends reinvested as applicable (on ex-dates).
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