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KISSIMMEE, Fla. - ECD Automotive Design (NASDAQ:ECDA), a luxury vehicle restoration company with $25.16 million in revenue over the last twelve months, announced Thursday a new VIP Test Drive program allowing potential clients to experience custom-restored luxury vehicles at their homes or offices. According to InvestingPro analysis, the company is currently undervalued despite challenging market conditions.
The service is available within a 75-mile radius of the company’s locations, covering areas from Vero Beach to Miami on Florida’s east coast and the Central Florida region from Tampa to Daytona Beach.
According to the announcement, qualified clients will receive a personalized experience with an ECD Ambassador who will bring a custom-built vehicle directly to the customer’s location for evaluation.
"Our mission has always been to provide a level of exclusivity and white glove experience that meets the high expectations of our clients," said Scott Wallace, Co-Founder and CEO at ECD. While the company maintains a gross profit margin of 21.58%, InvestingPro data shows analysts expect improved profitability this year.
The company also maintains its existing facility tour option at its 100,000-square-foot restoration center in Kissimmee, where visitors can observe the production process across three production lines and a dedicated paint facility.
ECD Automotive Design, which trades on the Nasdaq under the ticker ECDA, specializes in restoring classic vehicles including Land Rovers, Range Rover Classics, Jaguar E-Types, Ford Mustangs, and Toyota FJs. The company employs 105 staff at its Florida headquarters, including technicians with ASE certifications. For deeper insights into ECDA’s financial health and growth prospects, investors can access comprehensive analysis and 16 additional ProTips through InvestingPro’s detailed research reports.
Each restoration project reportedly takes approximately 2,200 hours to complete and is customized according to client specifications.
The announcement was made in a company press release.
In other recent news, ECD Automotive Design has been navigating several developments concerning its Nasdaq listing. The company announced a correction to a previous report, clarifying that $13.7 million of debt was converted to preferred equity, rather than the initially stated $15.5 million. ECD Automotive Design received conditional approval from the Nasdaq Hearings Panel to maintain its listing, provided it meets certain conditions, including achieving a minimum bid price of $1.00 for ten consecutive trading days by October 1, 2025, and demonstrating stockholder equity of at least $2.5 million by January 7, 2026. Additionally, the company plans to implement a 1-for-40 reverse stock split effective September 18, 2025, to help meet the Nasdaq’s minimum bid price requirement. Despite these efforts, ECD received an additional delisting notice from Nasdaq for not meeting the minimum market value of listed securities requirement of $35 million. The company had been given until August 25 to comply with this standard after falling short for 30 consecutive trading days. These recent developments highlight ECD Automotive Design’s ongoing efforts to secure its position on the Nasdaq exchange.
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