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 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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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.

CPS Announces Second Quarter 2023 Earnings

LAS VEGAS, Nevada, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that it will hold a conference call on Thursday, August 3, 2023 at 3:00 p.m. ET to discuss its second quarter 2023 operating results.

CPS to Host Conference Call on Second Quarter 2023 Earnings

LAS VEGAS, Nevada, July 25, 2023 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) announced the closing of its third term securitization in 2023 on Tuesday, July 25, 2023. The transaction is CPS's 48th senior subordinate securitization since the beginning of 2011 and the 31st consecutive securitization to receive a triple “A” rating from at least two rating agencies on the senior class of notes.

CPS Announces $291.7 Million Senior Subordinate Asset-Backed Securitization

Consumer Portfolio Services, Inc. (NASDAQ:CPSS ) Q1 2023 Earnings Conference Call April 27, 2023 2:00 PM ET Company Participants Charles Bradley - CEO Danny Bharwani - CFO Michael Lavin - President and COO of Consumer Portfolio Services Operator Good day, everyone, and welcome to the Consumer Portfolio Services 2023 First Quarter Operating Results Conference Call. Today's call is being recorded.

Consumer Portfolio Services, Inc. (CPSS) Q1 2023 Earnings Call Transcript

LAS VEGAS, Nevada, April 27, 2023 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) announced the closing of its second term securitization in 2023 on Wednesday, April 26, 2023. The transaction is CPS's 47th senior subordinate securitization since the beginning of 2011 and the 30th consecutive securitization to receive a triple “A” rating from at least two rating agencies on the senior class of notes.

CPS Announces $332.9 Million Senior Subordinate Asset-Backed Securitization

LAS VEGAS, NV, April 26, 2023 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced earnings of $13.8 million, or $0.54 per diluted share, for its first quarter ended March 31, 2023. This compares to a net income of $21.1 million, or $0.75 per diluted share, in the first quarter of 2022.

CPS Announces First Quarter 2023 Earnings

Las Vegas, Nevada, April 25, 2023 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that it will hold a conference call on Thursday, April 27, 2023 at 2:00 p.m. ET to discuss its first quarter 2023 operating results.

CPS To Host Conference Call On First Quarter 2023 Earnings

LAS VEGAS, Nevada, March 14, 2023 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that it will hold a conference call on Wednesday, March 15, 2023 at 1:00 p.m. ET to discuss its fourth quarter 2022 operating results.

CPS to Host Conference Call on Fourth Quarter 2022 Earnings

LAS VEGAS, NV, March 09, 2023 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced earnings of $14.1 million, or $0.59 per diluted share, for its fourth quarter ended December 31, 2022. This compares to a net income of $19.0 million, or $0.71 per diluted share, in the fourth quarter of 2021.

CPS Announces Fourth Quarter And Full Year 2022 Earnings

LAS VEGAS, Nevada, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced the closing of its first term securitization in 2023. The transaction is CPS's 46th senior subordinate securitization since the beginning of 2011 and the 29th consecutive securitization to receive a triple “A” rating from at least two rating agencies on the senior class of notes.

CPS Announces $324.8 Million Senior Subordinate Asset-Backed Securitization

New AI, Machine Learning, and FinTech Investments Provide Greater Payment Flexibility and Stronger Front & Back End Processing Systems for Faster and More Accurate Loan Support New AI, Machine Learning, and FinTech Investments Provide Greater Payment Flexibility and Stronger Front & Back End Processing Systems for Faster and More Accurate Loan Support

CPS Announces New FinTech-Driven Automotive Financing Platform Enhancements

CPSS has had strong revenue growth over the past year, as well as cost improvements. These have trickled down into a massive increase in EBITDA by 50% and an improvement in EBITDA margin by almost 10 points.

Consumer Portfolio Services: Valuation In Line With Peers

Consumer Portfolio Services, Inc. (NASDAQ:CPSS ) Q3 2022 Earnings Conference Call November 10, 2022 1:00 PM ET Company Participants Charles Bradley - CEO Mike Lavin - COO Denesh Bharwani - CFO of Consumer Portfolio Services Conference Call Participants Operator Good day, everyone, and welcome to the Consumer Portfolio Services 2022 Third Quarter Operating Results Conference Call. Today's call is being recorded.

Consumer Portfolio Services, Inc. (CPSS) Q3 2022 Earnings Call Transcript

LAS VEGAS, NV, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced earnings of $25.4 million, or $0.95 per diluted share, for its third quarter ended September 30, 2022. This compares to net income of $13.7 million, or $0.52 per diluted share, in the third quarter of 2021.

CPS Announces Third Quarter 2022 Earnings

Las Vegas, Nevada, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that it will hold a conference call on Thursday, November 10, 2022 at 1:00 p.m. ET to discuss its third quarter 2022 operating results.

CPS to Host Conference Call on Third Quarter 2022 Earnings

LAS VEGAS, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced the closing of its fourth term securitization in 2022. The transaction is CPS's 45th senior subordinate securitization since the beginning of 2011 and the 28th consecutive securitization to receive a triple “A” rating from at least two rating agencies on the senior class of notes.

CPS Announces $307.0 Million Senior Subordinate Asset-Backed Securitization

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Partnership Furthers CPS's Digital Transformation as Rapidly Growing FinTech Company with New AI Solution for Productivity MOUNTAIN VIEW Calif. and IRVINE, Calif.

Consumer Portfolio Services Chooses Prodigal to Advance its FinTech Platform with Backend Servicing and Support in Specialty Financing

Partnership Further Accelerates CPS's Digital Transformation as Rapidly Growing FinTech Company with New Turn-key AI Solution to Better Fund Loans, Faster LAS VEGAS and SAN FRANCISCO , Sept. 6, 2022 /PRNewswire/ --  Consumer Portfolio Services, Inc.

Consumer Portfolio Services Chooses Informed.IQ to Streamline Auto Lending

LAS VEGAS, Nevada, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced the closing of its third term securitization in 2022. The transaction is CPS's 44th senior subordinate securitization since the beginning of 2011 and the 27th consecutive securitization to receive a triple “A” rating from at least two rating agencies on the senior class of notes.

CPS Announces $391.6 Million Senior Subordinate Asset-Backed Securitization

Consumer Portfolio Services, Inc. (NASDAQ:CPSS ) Q2 2022 Earnings Conference Call July 26, 2022 1:00 PM ET Company Participants Charles Bradley - CEO Jeffrey Fritz - CFO Conference Call Participants Operator Good day, everyone, and welcome to the Consumer Portfolio Services 2022 Second Quarter Operating Results Conference Call. Today's call is being recorded.

Consumer Portfolio Services, Inc. (CPSS) CEO Charles Bradley on Q2 2022 Results Earnings Call Transcript

LAS VEGAS, NV, July 25, 2022 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced earnings of $25.3 million, or $0.91 per diluted share, for its second quarter ended June 30, 2022. This compares to net income of $9.7 million, or $0.39 per diluted share, in the second quarter of 2021.

CPS Announces Second Quarter 2022 Earnings

Las Vegas, Nevada, July 22, 2022 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that it will hold a conference call on Tuesday, July 26, 2022 at 1:00 p.m. ET to discuss its second quarter 2022 operating results.

CPS to Host Conference Call on Second Quarter 2022 Earnings

LAS VEGAS, Nevada, July 15, 2022 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that it renewed its two-year revolving credit agreement with Citibank, N.A., and doubled the capacity from $100 million to $200 million.

CPS Announces Renewal and Doubling of Credit Facility

LAS VEGAS, Nevada, June 30, 2022 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that on June 28, 2022 it increased the capacity of its credit agreement with Ares Agent Services, L.P. from $100 million to $200 million

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