LMP Automotive Holdings, Inc.

LMP Automotive said third-quarter revenue was $141.4 million, generating $27.6 million in gross profit, or 19.5%, with gross margin up 0.6% quarter-over-quarter. Adjusted EBITDA was $11.9 million, or $1.18 per share, and management said that was a 7.2% increase quarter-over-quarter. The company ended the quarter with $29.7 million in cash and $50.9 million in adjusted shareholder equity. Management also said third-quarter annualized run rates, excluding the acquisition closed during the quarter, were $565 million of revenue and $47.6 million of adjusted EBITDA. Looking ahead, management said supply remains choppy but demand is expected to outstrip supply for the foreseeable future, which it believes could support same or better financial results. It also said the firm is in a recapitalization phase and is aiming to close some acquisitions this quarter, though some may slip into January, February, or the second quarter.

Sam Tawfik framed the quarter as record results that exceeded internal outlook, emphasizing broad-based growth across segments and no visible maintenance-business drag from online/out-of-state sales. He was upbeat on industry demand, saying supply appears likely to remain constrained for the foreseeable future, which should support results. He also highlighted an active M&A pipeline, describing the acquisition market as very busy and still attractive.

The call included limited CFO commentary; management’s financial update focused on liquidity and capital structure. Sam Tawfik said the company is refinancing its current term loan, excluding flooring, of approximately $96 million, while holding about $30 million in cash. He said the goal is a flexible structure that can support current and future deals and eventually allow stock buybacks and dividends, though timing depends on acquisition closings and could slip into the second quarter.

Analysts asked whether online car sales were hurting future maintenance revenue by moving customers out of state; management said it has not seen an effect and that all segments are growing, with maintenance reportedly hitting records. Another question focused on OEM supply normalization, and management said no steady supply guidance has been given and expects demand to exceed supply for the foreseeable future. Questions also covered investor awareness and the stock price; management said more analyst coverage could come as the company grows and crosses size thresholds. On refinancing and capital returns, management said it is seeking a flexible recapitalization structure that could eventually support buybacks and dividends, but acquisition timing may push some closings into early next year or the second quarter.