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 stock yearly return is shown above.
The yearly return on the LMPX stock yearly return page and across the coverage universe of our site,
is a measure of the annual return over the calendar year 2021 for the given stock.
When performing this calculation it is important to factor in dividends, because a financial instrument's annual return is
more than just the change in price if that instrument pays a dividend or coupon.
One way to factor dividends into the return is simply to count them as cash — we don't do
that here. Instead, our website aims to empower investors
by performing the LMPX annual return calculation with any dividends reinvested as applicable (on ex-dates).
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