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Consumer Portfolio Services Inc   (CPSS)
Other Ticker:  
 
 
Price: $9.2600 $0.06 0.652%
Day's High: $9.45 Week Perf: 9.59 %
Day's Low: $ 9.25 30 Day Perf: 10.24 %
Volume (M): 16 52 Wk High: $ 13.75
Volume (M$): $ 144 52 Wk Avg: $10.00
Open: $9.25 52 Wk Low: $7.82



 Market Capitalization (Millions $) 234
 Shares Outstanding (Millions) 25
 Employees 935
 Revenues (TTM) (Millions $) 343
 Net Income (TTM) (Millions $) 26
 Cash Flow (TTM) (Millions $) -31
 Capital Exp. (TTM) (Millions $) 1

Consumer Portfolio Services Inc

We are a specialty finance company. Our business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and, to a lesser extent, by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans. Through our automobile contract purchases, we provide indirect financing to the customers of dealers who have limited credit histories or past credit problems, who we refer to as sub-prime customers. We serve as an alternative source of financing for dealers, facilitating sales to customers who otherwise might not be able to obtain financing from traditional sources, such as commercial banks, credit unions and the captive finance companies affiliated with major automobile manufacturers. In addition to purchasing installment purchase contracts directly from dealers, we have also acquired installment purchase contracts in four merger and acquisition transactions, and purchased or originated immaterial amounts of loans secured by vehicles. In this report, we refer to all of such contracts and loans as "automobile contracts."

We purchase automobile contracts with the intention of financing them on a long-term basis through securitizations. Securitizations are transactions in which we sell a specified pool of contracts to a special purpose subsidiary of ours. The subsidiary in turn issues (or contributes to a trust that issues) asset-backed securities, which are purchased by institutional investors. We depend upon the availability of short-term warehouse credit facilities as interim financing for our contract purchases prior to the time we pool those contracts for a securitization.

Our automobile financing programs are designed to serve sub-prime customers, who generally have limited credit histories or past credit problems. Because we serve customers who are unable to meet certain credit standards, we incur greater risks, and generally receive interest rates higher than those charged in the prime credit market. We also sustain a higher level of credit losses because of the higher risk customers we serve.


When a retail automobile buyer elects to obtain financing from a dealer, the dealer takes a credit application to submit to its financing sources. Typically, a dealer will submit the buyers application to more than one financing source for review. We believe the dealer’s decision to choose a financing source is based primarily on: (i) the interest rate and monthly payment made available to the dealers customer; (ii) any fees to be charged to (or paid to) the dealer by the financing source; (iii) the timeliness, consistency and predictability of response; (iv) funding turnaround time; (v) any conditions to purchase; and (vi) the financial stability of the financing source. Dealers can send credit applications to us by entering the necessary data on our website or through one of two third-party application aggregators.

Upon receipt of information from a dealer, we immediately order two credit reports to document the buyers credit history. If, upon review by our proprietary automated decisioning system, or in some cases, one of our credit analysts, we determine that the automobile contract meets our underwriting criteria, we advise the dealer of our decision to approve the contract and the terms under which we will purchase it. In some cases where we don’t grant an approval, we may suggest alternatives from the terms proposed by the dealer or request and review further information from the dealer.



   Company Address: 3800 Howard Hughes Parkway Las Vegas 89169 NV
   Company Phone Number: 753-6800   Stock Exchange / Ticker: NASDAQ CPSS
   CPSS is expected to report next financial results on March 14, 2024.


Customers Net Income fell by CPSS's Customers Net Profit Margin fell to

-16.88 %

3.52 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AIG   -0.55%    
F   -3.22%    
F1   -3.22%    
GM        2.65% 
PCAR        1.56% 
WFC        7.47% 
• View Complete Report
   



Consumer Portfolio Services Inc

Consumer Portfolio Services Inc. Celebrates Impressive 1.964% Surge! What's Behind the Numbers as the Financial Clock Ticks Towards September 30, 2023?



Consumer Portfolio Services Inc (CPS) recently reported its financial results for the period July to September 30, 2023. The company experienced an increase in revenue by 1.964%, but this was not enough to prevent a significant decline in its income by -56.84% compared to the same reporting season a year prior. While CPS managed to improve sales, its net margin and operating earnings took a hit. This article aims to analyze and interpret the financial data to provide a comprehensive understanding of CPS's financial performance.
Financial Results:
1. Revenue Elevation: CPS witnessed a revenue growth of 1.964%, reaching $92.08 million for the period. This rise in revenue is a positive sign for the company, indicating an increase in sales or market share.

Consumer Portfolio Services Inc

Consumer Portfolio Services Inc Reveals Concerning Financial Figures: Declining EPS Despite Revenue Increase in Q2 2023


Introduction
Consumer Portfolio Services Inc (CPS) has shown impressive stock performance in recent months, with a 33.33% improvement over the past three months and a remarkable 46.68% increase in 2023. However, a closer look at CPS's financial results for the second quarter of 2023 reveals some concerning figures, indicating a decline in earnings per share (EPS) despite an increase in revenue. This article aims to interpret these facts and assess their potential impact on the company moving forward.
Financial Results and Analysis
In the second quarter of 2023, CPS reported a year-over-year revenue increase of 3.463%, reaching $84.86 million compared to $82.02 million. While this suggests a positive trend, the declining EPS by -39.56% to $0.55 per share raises questions about the company's profitability. In the corresponding period the previous year, the EPS was $0.91 per share.

Consumer Portfolio Services Inc

Consumer Portfolio Services Inc Surges Ahead with Impressive Revenue Growth in Q1 2023, Despite Earnings Setback

Consumer Portfolio Services Inc (CPSI) is a Miscellaneous Financial Services company that specializes in providing automobile financing solutions to consumers who have limited credit histories, past credit problems, or no credit history at all. The company's business model primarily involves the purchase and servicing of retail automobile contracts originated by franchised automobile dealerships and offers indirect financing to customers with credit challenges.
Despite facing a contraction in earnings per share (EPS), CPSI experienced a remarkable 11.745 % increase in revenue in the first quarter of 2023 compared to the similar reporting season a year prior. However, earnings per share dropped significantly by -28% to $0.54 per share. This was a concern for the company as analysts were anticipating higher earnings.






 

Consumer Portfolio Services Inc's Segments
 
 
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