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

Earnings data Q2 2024

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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Consumer Portfolio Services Inc. (CPSS) CEO Charles Bradley on Q2 2021 Results - Earnings Call Transcript

Consumer Portfolio Services (CPSS) delivered earnings and revenue surprises of 95.00% and 6.90%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Consumer Portfolio Services (CPSS) Tops Q2 Earnings and Revenue Estimates

Shares of Consumer Pf Servs (NASDAQ:CPSS) fell 4.6% in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 200.00% year over year to $0.39, which beat the estimate of $0.21.

Consumer Pf Servs: Q2 Earnings Insights

LAS VEGAS, NV, Aug. 11, 2021 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced earnings of $9.7 million, or $0.39 per diluted share, for its second quarter ended June 30, 2021. This compares to net income of $3.0 million, or $0.13 per diluted share, in the second quarter of 2020.

CPS Announces Second Quarter 2021 Earnings

LAS VEGAS, Nevada, Aug. 09, 2021 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that it will hold a conference call on Thursday, August 12, 2021 at 1:00 p.m. ET to discuss its second quarter 2021 operating results. Those wishing to participate by telephone may dial-in at 877 312-5502, or 253 237-1131 for international participants, approximately 10 minutes prior to the scheduled time. The conference identification number is 1592925.

CPS to Host Conference Call on Second Quarter 2021 Earnings

LAS VEGAS, Nevada, July 28, 2021 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced the closing of its third term securitization in 2021.  The transaction is CPS's 40th senior subordinate securitization since the beginning of 2011 and the 23rd consecutive securitization to receive a triple “A” rating from at least two rating agencies on the senior class of notes.

CPS Announces $291.0 Million Senior Subordinate Asset-Backed Securitization

Consumer Portfolio Services (CPSS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Consumer Portfolio Services (CPSS) Earnings Expected to Grow: What to Know Ahead of Q2 Release

Consumer Portfolio Services, Inc. (CPSS) CEO Charles Bradley on Q1 2021 Results - Earnings Call Transcript

Consumer Portfolio Services (CPSS) delivered earnings and revenue surprises of -8.70% and -2.42%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Consumer Portfolio Services (CPSS) Q1 Earnings and Revenues Lag Estimates

LAS VEGAS, May 10, 2021 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced earnings of $5.2 million, or $0.21 per diluted share, for its first quarter ended March 31, 2021. For the prior year, in the first quarter of 2020, net income was $10.8 million, or $0.45 per diluted share. Results for the three months ended March 31, 2020 include a net tax benefit of $8.8 million related to the revaluation of the Company's net operating losses and other tax adjustments. Without this tax benefit, net income and net income per diluted share for the first quarter of 2020 would have been $2.0 million and $0.08 per share, respectively.

CPS Announces First Quarter 2021 Earnings

LAS VEGAS, Nevada, May 07, 2021 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that it will hold a conference call on Tuesday, May 11, 2021 at 1:00 p.m. ET to discuss its first quarter 2021 operating results. Those wishing to participate by telephone may dial-in at 877 312-5502, or 253 237-1131 for international participants, approximately 10 minutes prior to the scheduled time. The conference identification number is 7645419.

CPS to Host Conference Call on First Quarter 2021 Earnings

LAS VEGAS, Nevada, April 28, 2021 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced the closing of its second term securitization in 2021. The transaction is CPS's 39th senior subordinate securitization since the beginning of 2011 and the 22nd consecutive securitization to receive a triple “A” rating from at least two rating agencies on the senior class of notes.

CPS Announces $240.0 Million Senior Subordinate Asset-Backed Securitization

Consumer Portfolio Services (CPSS) Earnings Expected to Grow: What to Know Ahead of Q1 Release

Consumer Portfolio Services' (CPSS) CEO Charles Bradley on Q4 2020 Results - Earnings Call Transcript

LAS VEGAS, NV, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced earnings of $4.1 million, or $0.17 per diluted share, for its fourth quarter ended December 31, 2020. This compares to a net income of $29,000 in the fourth quarter of 2019.

CPS Announces Fourth Quarter and Full Year 2020 Earnings

LAS VEGAS, Nevada, Feb. 19, 2021 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that it will hold a conference call on Wednesday, February 24, 2021 at 1:00 p.m. ET to discuss its fourth quarter 2020 operating results. Those wishing to participate by telephone may dial-in at 877 312-5502, or 253 237-1131 for international participants, approximately 10 minutes prior to the scheduled time. The conference identification number is 3998868.

CPS to Host Conference Call on Fourth Quarter 2020 Earnings

LAS VEGAS, Nevada, Jan. 27, 2021 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced the closing of its first term securitization in 2021. The transaction is CPS's 38th senior subordinate securitization since the beginning of 2011 and the 21st consecutive securitization to receive a triple “A” rating from at least two rating agencies on the senior class of notes.

CPS Announces $230.5 Million Senior Subordinate Asset-Backed Securitization

LAS VEGAS, Nov. 11, 2020 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that its board of directors unanimously rejected Auto Experience Inc.'s (“AEI”) unsolicited indication of interest in acquiring the Company. 

Consumer Portfolio Services' Board of Directors Unanimously Rejects Unsolicited Indication of Interest from Auto Experience Inc.

Consumer Portfolio Services (CPSS) delivered earnings and revenue surprises of -46.67% and -0.38%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Consumer Portfolio Services (CPSS) Lags Q3 Earnings and Revenue Estimates

LAS VEGAS, NV, Oct. 19, 2020 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced earnings of $3.8 million, or $0.16 per diluted share, for its third quarter ended September 30, 2020. This compares to net income of $1.8 million, or $0.08 per diluted share, in the third quarter of 2019.

CPS Announces Third Quarter 2020 Earnings

LAS VEGAS, Nevada, Oct. 19, 2020 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that it will hold a conference call on Tuesday, October 20, 2020 at 1:00 p.m. ET to discuss its third quarter 2020 operating results. Those wishing to participate by telephone may dial-in at 877 312-5502, or 253 237-1131 for international participants, approximately 10 minutes prior to the scheduled time. The conference identification number is 2265436.

CPS to Host Conference Call on Third Quarter 2020 Earnings

LAS VEGAS, Nevada, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that it had received on October 7, 2020 a non-binding, unsolicited indication of interest to acquire the Company from Auto Experience Inc. (“AEI”). Other than a three-page May letter from AEI delivered to the Company’s CFO, and rejected at that time, neither management nor the Board of Directors of the Company have had any discussions with AEI regarding a purchase of the Company.

Consumer Portfolio Acknowledges Receipt of Indication of Interest from Third Party

DALLAS, Oct. 8, 2020 /PRNewswire/ -- Auto Experience, Inc., created in 2018 to pursue strategic business opportunities in the automobile financing market, today announced it has informed the board of directors of Consumer Portfolio Services, Inc. (Nasdaq: CPSS) of its interest in...

Auto Experience, Inc. Proposes To Acquire Auto Finance Firm Consumer Portfolio Services For $135 Million In Cash

LAS VEGAS, Nevada, Sept.  15, 2020  (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced the closing of its third term securitization in 2020. The transaction is CPS's 37th senior subordinate securitization since the beginning of 2011 and the 20th consecutive securitization to receive a triple “A” rating from at least two rating agencies on the senior class of notes.  

CPS Announces $252.2 Million Senior Subordinate Asset-Backed Securitization

Consumer Portfolio Services, Inc. (CPSS) CEO Charles Bradley on Q2 2020 Results - Earnings Call Transcript

News for Consumer Portfolio Services Stock (CPSS)