Consumer Portfolio Services

Consumer Portfolio Services, Inc. operates as an independent finance company. The firm provides indirect automobile financing to individuals with past credit problems, low incomes, and limited credit histories. It engages in purchase and service of retail automobile contracts originated primarily by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans. The company was founded on March 8, 1991 and is headquartered in Las Vegas, NV.

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Consumer Portfolio Services (CPSS) reports record earnings amidst market challenges

Consumer Portfolio Services (CPSS) delivered strong financial performance in 2022, overcoming challenges with strategic adjustments and technological investments. The company's focus on credit tightening and rate increases bodes well for future resilience and growth.

Consumer Portfolio Services reports resilient Q1 performance amidst credit challenges

Consumer Portfolio Services (CPSS) navigated challenges in Q1 2023 with resilience, focusing on portfolio performance and strategic initiatives.
Despite a decline in pretax earnings, the company demonstrated strength in managing credit tightening and maintaining a strong APR.
Opportunities lie in leveraging industry indicators, technology investments, and market focus to drive growth and improve customer payment management.
CPSS faces challenges in expenses, credit tightening impact, and credit performance, requiring continued strategic adjustments and monitoring.

Consumer Portfolio Services (CPSS) reports mixed Q2 performance

Consumer Portfolio Services (CPSS) reported a mixed performance in Q2 2023 with revenue growth but lower earnings due to increased expenses. The company's strong presence in the securitization market and record high shareholders' equity demonstrate resilience and profitability.
While facing challenges from rising interest rates and portfolio metrics, CPSS is strategically positioned to capitalize on opportunities for growth through enhanced portfolio performance and operational efficiency.

Consumer Portfolio Services reports resilient Q3 performance amidst industry challenges

Consumer Portfolio Services (CPSS) navigated industry challenges to deliver a strong quarter, focusing on operational enhancements and strategic changes. Despite a decrease in earnings, the company remains optimistic about future prospects, aiming for continued growth and performance improvement.

Consumer Portfolio Services (CPSS) reports resilient performance and eyes growth in 2024

Consumer Portfolio Services (CPSS) showed resilience and strategic focus in 2023, overcoming challenges from the 2022 vintage performance. The company outperformed competitors in credit performance, saw revenue growth, and made significant improvements in portfolio management. CPSS remains optimistic about future growth opportunities and continues to prioritize customer affordability and technological advancements.

Consumer Portfolio Services (CPSS) Reports Strong Q1 Performance and Growth Opportunities

Consumer Portfolio Services (CPSS) reported a positive Q1 2024 performance with revenue growth, increased originations, and strengthened financial position. While facing challenges such as rising expenses and lower net income, CPSS demonstrated resilience through effective credit management and operational enhancements. The company has opportunities for growth through leveraging its initiatives and enhancing collections and operational efficiency.

Consumer Portfolio Services (CPSS) reports strong Q2 growth and strategic focus

Consumer Portfolio Services (CPSS) is navigating a transition to a more growth-oriented strategy while maintaining a focus on credit quality. The company's financials reflect a balance between revenue growth and expense management, with a strategic emphasis on expanding its market presence and improving risk management.

Consumer Portfolio Services reports revenue growth amidst challenges and opportunities

Consumer Portfolio Services (CPSS) had a strong quarter with revenue growth and operational achievements. While facing challenges such as a decrease in net income, the company is well-positioned to leverage opportunities in the market. By focusing on credit quality and growth strategies, CPSS aims to sustain its positive momentum.

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AI Fraud Protection Technology Reduces Fraud Exposure by Approximately $1 Million Per Quarter So Far AI Fraud Protection Technology Reduces Fraud Exposure by Approximately $1 Million Per Quarter So Far

Consumer Portfolio Services Partners with SentiLink to Enhance Fraud Prevention

Consumer Portfolio Services, Inc (NASDAQ:CPSS ) Q3 2024 Earnings Conference Call November 1, 2024 1:00 PM ET Company Participants Charles Bradley - Chief Executive Officer Danny Bharwani - Chief Financial Officer Mike Lavin - President and Chief Operating Officer Conference Call Participants Operator Good day, everyone, and welcome to the Consumer Portfolio Services 2024 Third Quarter Operating Results Conference Call. Today's call is being recorded.

Consumer Portfolio Services, Inc (CPSS) Q3 2024 Earnings Call Transcript

LAS VEGAS, NV, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced earnings of $4.8 million, or $0.20 per diluted share, for its third quarter ended September 30, 2024.

CPS Announces Third Quarter 2024 Earnings

LAS VEGAS, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that it will hold a conference call on Friday, November 1, 2024 at 1:00 p.m. ET to discuss its third quarter 2024 operating results.

CPS to Host Conference Call on Third Quarter 2024 Earnings

AI-Powered Tool Enables CPS Dealers to Verify Stipulations in Real Time, Streamlining Loan Originations and Reducing Contracts-in-Transit AI-Powered Tool Enables CPS Dealers to Verify Stipulations in Real Time, Streamlining Loan Originations and Reducing Contracts-in-Transit

Consumer Portfolio Services Leverages Informed.IQ's Dealer Verify to Enhance Loan Processing, Increase Capture Rates, and Improve Dealer Experience

LAS VEGAS, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) announced the closing of its fourth term securitization in 2024 on Tuesday, September 17, 2024. The transaction is CPS's 53rd senior subordinate securitization since the beginning of 2011 and the 36th consecutive securitization to receive a triple “A” rating from at least two rating agencies on the senior class of notes.

CPS Announces $416.82 Million Senior Subordinate Asset-Backed Securitization

LAS VEGAS, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) is confirmed to present at the 2024 Annual Gateway Conference , which is being held September 4-5, at the Four Seasons Hotel in San Francisco, CA.

Consumer Portfolio Services to Present at the 2024 Gateway Conference on September 4

Consumer Portfolio Services, Inc (NASDAQ:CPSS ) Q2 2024 Earnings Conference Call July 31, 2024 3:00 PM ET Company Participants Charles Bradley – Chief Executive Officer Danny Bharwani – Chief Financial Officer Mike Lavin – President and Chief Operating Officer Conference Call Participants Operator Good day everyone, and welcome to the Consumer Portfolio Services 2024 Second Quarter Operating Results Conference Call. Today's call is being recorded.

Consumer Portfolio Services, Inc (CPSS) Q2 2024 Earnings Call Transcript

LAS VEGAS, NV, July 30, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced earnings of $4.7 million, or $0.19 per diluted share, for its second quarter ended June 30, 2024. This compares to a net income of $14.0 million, or $0.55 per diluted share, in the second quarter of 2023.

CPS Announces Second Quarter 2024 Earnings

Las Vegas, Nevada, July 29, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that it will hold a conference call on Wednesday, July 31, 2024 at 1:00 p.m. ET to discuss its second quarter 2024 operating results.

CPS to Host Conference Call on Second Quarter 2024 Earnings

LAS VEGAS, Nevada, July 11, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that on July 11, 2024, it renewed its two-year revolving credit agreement with Citibank, N.A.

CPS Announces Renewal of $200 Million Credit Facility

LAS VEGAS, Nevada, June 26, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) announced the closing of its third term securitization in 2024 on Wednesday June 26, 2024. The transaction is CPS's 52nd senior subordinate securitization since the beginning of 2011 and the 35th consecutive securitization to receive a triple “A” rating from at least two rating agencies on the senior class of notes.

CPS Announces $436.31 Million Senior Subordinate Asset-Backed Securitization

LAS VEGAS, NV, May 10, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced earnings of $4.6 million, or $0.19 per diluted share, for its first quarter ended March 31, 2024. This compares to a net income of $13.8 million, or $0.54 per diluted share, in the first quarter of 2023.

CPS Announces First Quarter 2024 Earnings

LAS VEGAS, Nevada, April 23, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) announced the closing of its second term securitization in 2024 on Tuesday April 23, 2024. The transaction is CPS's 51st senior subordinate securitization since the beginning of 2011 and the 34th consecutive securitization to receive a triple “A” rating from at least two rating agencies on the senior class of notes.

CPS Announces $319.9 Million Senior Subordinate Asset-Backed Securitization

LAS VEGAS, NV, April 03, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”), an independent specialty finance technology company that provides indirect automobile financing to individuals with past credit problems, low incomes or limited credit histories, has appointed Gateway Group, a leading strategic financial communications and capital markets advisory firm, to manage its expanded investor relations program initiatives, including providing corporate messaging and other consulting services to the Company.

Consumer Portfolio Services Appoints Gateway to Lead Expanded Investor Relations Program

LAS VEGAS, Nevada, March 22, 2024 (GLOBE NEWSWIRE) --  Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced the closing of a $50.0 million securitization of residual interests from previously issued securitizations.

CPS Announces $50.0 Million Securitization of Residual Interests

Consumer Portfolio Services, Inc. (CPSS) Q4 2023 Earnings Call Transcript

LAS VEGAS, NV, March 15, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced earnings of $7.2 million, or $0.29 per diluted share, for its fourth quarter ended December 31, 2023. This compares to a net income of $14.1 million, or $0.59 per diluted share, in the fourth quarter of 2022.

CPS Announces Fourth Quarter and Full Year 2023 Earnings

LAS VEGAS, Nevada, March 14, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that it will hold a conference call on Monday, March 18, 2024 at 1:00 p.m. ET to discuss its fourth quarter 2023 operating results.

CPS to Host Conference Call on Fourth Quarter 2023 Earnings

LAS VEGAS, Nevada, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) announced the closing of its first term securitization in 2024 on Wednesday, January 24, 2024. The transaction is CPS's 50th senior subordinate securitization since the beginning of 2011 and the 33rd consecutive securitization to receive a triple “A” rating from at least two rating agencies on the senior class of notes. The transaction also marks the 100 th securitization in the company's history.

CPS Announces $280.9 Million Senior Subordinate Asset-Backed Securitization

Consumer Portfolio Services, Inc. (NASDAQ:CPSS ) Q3 2023 Earnings Conference Call November 13, 2023 12:30 PM ET Company Participants Charles Bradley - Chief Executive Officer Danny Bharwani - Chief Financial Officer Mike Lavin - President and COO Conference Call Participants Operator Good day, everyone. And welcome to the Consumer Portfolio Services 2023 Third Quarter Operating Results Conference Call.

Consumer Portfolio Services, Inc. (CPSS) Q3 2023 Earnings Call Transcript

LAS VEGAS, NV, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced earnings of $10.4 million, or $0.41 per diluted share, for its third quarter ended September 30, 2023. This compares to net income of $25.4 million, or $0.95 per diluted share, in the third quarter of 2022.

CPS Announces Third Quarter 2023 Earnings

LAS VEGAS, Nevada, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) announced the closing of its fourth term securitization in 2023 on Tuesday, October 24, 2023. The transaction is CPS's 49th senior subordinate securitization since the beginning of 2011 and the 32nd consecutive securitization to receive a triple “A” rating from at least two rating agencies on the senior class of notes.

CPS Announces $286.1 Million Senior Subordinate Asset-Backed Securitization

Consumer Portfolio Services, Inc. (NASDAQ:CPSS ) Q2 2023 Earnings Conference Call August 3, 2023 3:00 PM ET Company Participants Charles Bradley - Chief Executive Officer Danny Bharwani - Chief Financial Officer Mike Lavin - President and Chief Operating Officer Conference Call Participants Operator Good day everyone and welcome to the Consumer Portfolio Services' 2023 Second Quarter Operating Results Conference Call. Today's call is being recorded.

Consumer Portfolio Services, Inc. (CPSS) Q2 2023 Earnings Call Transcript

LAS VEGAS, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced earnings of $14.0 million, or $0.55 per diluted share, for its second quarter ended June 30, 2023. This compares to a net income of $25.3 million, or $0.91 per diluted share, in the second quarter of 2022.

News for Consumer Portfolio Services Stock (CPSS)