Consumer Portfolio Services Inc

2026-05-20 19:39:25

Consumer Portfolio Services (CPSS) has released an investor presentation detailing its Q1 2026 sub-prime auto finance business performance. As of March 31, 2026, the company reported a managed portfolio of $4.06 billion, Q1 auto contract purchases of $533.2 million, and 58 consecutive profitable quarters. Key financial figures include $108.7 million in interest income, $4.7 million in net income, and diluted EPS of $0.24, alongside annual net charge-offs of 7.54% and total delinquencies and repossessed inventory at 12.35% of the owned portfolio.

2026-05-14 19:09:17

Consumer Portfolio Services, Inc. is offering up to $50 million in renewable unsecured subordinated notes with maturities from 3 months to 10 years to fund automobile contract purchases and for general corporate purposes. These notes are unsecured and subordinated to substantially all senior indebtedness, including securitization trust debt, posing higher risk for noteholders due to limited covenants and restricted transferability. The company's ability to service this debt is highly dependent on generating sufficient cash flow from operations, securitization execution, and warehouse facility availability.

2026-05-14 19:04:12

Consumer Portfolio Services (CPSS) reported strong Q1 2026 results, with revenue increasing by 10% to $110.2 million and net income rising to $15.2 million, or $0.65 per diluted share. This growth was driven by a 12% increase in loan originations, and the company continues to focus on the US subprime auto lending market. CPSS's business model, which involves purchasing and servicing retail installment sales contracts from subprime borrowers and funding operations through asset-backed securitizations, positions it to benefit from ongoing US consumer spending on vehicles.

2026-05-09 05:38:58

Consumer Portfolio Services, Inc. announced an 18% increase in net income for Q1 2026, reaching $5.5 million. This growth was driven by a 5.1% rise in revenue to $112.3 million and a record portfolio balance of $3.942 billion. The company also reported an 18% year-over-year increase in new contract purchases, totaling $533.2 million, and plans to focus on margin expansion and credit performance despite a rise in net charge-offs.

2026-05-08 19:38:59

Consumer Portfolio Services (CPSS) reported Q1 2026 revenues of $112.3 million, a 5.1% increase year-over-year, driven by higher interest income from a growing auto loan portfolio. Net income rose to $5.5 million, with diluted EPS at $0.24. The company's total assets reached $4.1 billion, with finance receivables at fair value growing to $3.84 billion, heavily funded by securitization trust debt and warehouse credit lines.

2026-05-08 18:16:17

Consumer Portfolio Services (CPSS) reported mixed Q1 2026 results, showing resilience in revenue growth but facing increased pressure from rising delinquencies and higher funding costs in the subprime auto loan market. Net income declined despite higher revenue, as the company grapples with elevated credit loss provisions and interest expenses. The firm's ability to maintain disciplined underwriting and manage funding costs will be crucial for its long-term performance amidst these challenging conditions.