October 26, 2020

LMP Automotive Holdings, Inc. Announces “As a Courtesy to Those Analysts and Investors Who Were …

  • Upon closing and combined with our currently contracted acquisitions, LMP’s revenues are expected to exceed $2.2B on an annualized basis in 2021, with approximately $70M in pre-tax income and expected net income of $4.59 per share, which would likely make LMP a newcomer to the Fortune 1000 list of companies with over 1,600 employees;
  • Real estate leased with an option to purchase;
  • Expands its world class management team;
  • Unique New York dominant platform with accelerating organic year-over-year annualized income growth of over 20%;
  • Significant increase in online-originated orders with efficient touchless delivery and lower SG&A costs associated with the online and fulfillment elements due to Atlantic’s concentrated, clustered presence in New York along with its logistics network;
  • Atlantic Central Storage has storage capacity of approximately 7,000 vehicles in New York and operates a fleet of 15 multivehicle car transporters with capacity to efficiently transport approximately 5,800 vehicles a month on
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LMP Automotive Holdings agrees to purchase majority stake in N.Y. dealership group for $608 million

The deal includes 20 franchises at 17 rooftops, all in New York. The Atlantic dealerships and storage facility are expected to generate an estimated $1.6 billion in revenue and $38 million in net income on an annualized basis in 2021, LMP said. The deal will be partially financed, which includes seller financing, and funded through company cash. The group will retain ownership of the real estate, which LMP will lease for five years, Staluppi Sr. said.

“It’s a good opportunity for them; it’s a good opportunity for my people,” Staluppi Sr. said. “None of my business will change. All of the employees stay in place. I’m still the boss.”

If all of the acquisitions LMP announced this year close, including Atlantic Auto Group, LMP’s 26 rooftops will represent 33 franchises: five Toyota, two Lexus, three Honda, one Subaru, six Hyundai, three Genesis, three Kia, four Chevrolet, two GMC, two Cadillac

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LMP Automotive Holdings To Buy 70% Stake In Atlantic Automotive Group, Atlantic Central Storage

(RTTNews) – LMP Automotive Holdings, Inc. (LMPX), an online automobiles platform, Friday said agreed to buy 70% stake in New York’s Atlantic Automotive Group, and New York logistics and vehicle storage company, Atlantic Central Storage, in a deal valued at $608 million.

LMP Automotive Holdings, Inc. (LMPX), an online automobiles platform, Friday said agreed to buy 70% stake in New York’s Atlantic Automotive Group, and New York logistics and vehicle storage company, Atlantic Central Storage, in a deal valued at $608 million.

CFO Evan Bernstein said, “This acquisition is expected to add an estimated $1.6 billion in revenue, $38 million in net income, or $3.18 per share, on an annualized basis in 2021, combined with our currently contracted acquisitions which we expect to close beginning the end of next month and the following months.|

The company expects revenues post-closing to exceed $2.2 billion, generating about $55 million in net income

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LMP Automotive Holdings, Inc. Announces Entry Into a Definitive Agreement for the Acquisition …

  • Upon closing and combined with our currently contracted acquisitions, LMP’s revenues are expected to exceed $2.2B on an annualized basis in 2021, with approximately $70M in pre-tax income and expected net income of $4.59 per share, which would likely make LMP a newcomer to the Fortune 1000 list of companies with over 1,600 employees;
  • Real estate leased with an option to purchase;
  • Expands its world class management team;
  • Unique New York dominant platform with accelerating organic year-over-year annualized income growth of over 20%;
  • Significant increase in online-originated orders with efficient touchless delivery and lower SG&A costs associated with the online and fulfillment elements due to Atlantic’s concentrated, clustered presence in New York along with its logistics network;
  • Atlantic Central Storage has storage capacity of approximately 7,000 vehicles in New York and operates a fleet of 15 multivehicle car transporters with capacity to efficiently transport approximately 5,800 vehicles a month on
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Knight-Swift Transportation Holdings Inc. Announces Timing of Third Quarter 2020 Earnings Release

Press release content from Business Wire. The AP news staff was not involved in its creation.

PHOENIX–(BUSINESS WIRE)–Sep 30, 2020–

Knight-Swift Transportation Holdings Inc. (NYSE: KNX) expects to release its 2020 third quarter earnings on Wednesday, October 21, 2020 prior to the market open by filing a Form 8-K with the SEC. The earnings release will be available on the Company’s website http://investor.knight-swift.com/events and the Form 8-K will be available on the SEC website http://www.sec.gov.

The Company assumes no responsibility to update any information posted on its website.

The earnings release may contain forward-looking statements made by the Company that involve risks, assumptions and uncertainties that are difficult to predict. Investors are directed to the information contained in Part II, Item 1A. “Risk Factors” in our Quarterly Report for the quarter ended March 31, 2020 and in Part I, Item 1A., Risk Factors, in Knight-Swift’s

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Knight-Swift Transportation Holdings Inc. Announces New Sustainability Initiative and Deployment of Zero-Emissions Vehicle

Knight-Swift Transportation Holdings Inc. (NYSE: KNX) (“Knight-Swift” or “the Company”), North America’s largest truckload transportation company, announced today that the Company has set a goal to reduce its carbon emissions in half by the year 2035.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200929005478/en/

(Photo: Business Wire)

Knight-Swift CEO Dave Jackson stated, “Sustainability has always been at the core of our culture. While we have made significant strides in improving our environmental footprint over the years, we believe that setting an ambitious public goal to reduce carbon emissions generated by our fleet by 50% over the next 15 years quantifies our commitment. Our passionate and dedicated team members have the knowledge to rally around and execute on this achievable goal that will benefit our families, our communities, and future generations.”

The Company anticipates meeting this goal through various initiatives, including:

• Implementing next generation tractor and trailer

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