Consumer Portfolio Services (NASDAQ:CPSS) Posts Earnings Results

Consumer Portfolio Services (NASDAQ:CPSS) issued its quarterly earnings results on Friday. The credit services provider reported $0.30 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $61.39 million for the quarter. Consumer Portfolio Services had a net margin of 4.99% and a return on equity of 7.54%.

Consumer Portfolio Services Price Performance

Shares of NASDAQ CPSS opened at $9.90 on Friday. The stock has a market cap of $216.86 million, a price-to-earnings ratio of 9.71 and a beta of 1.14. Consumer Portfolio Services has a 52 week low of $7.46 and a 52 week high of $10.49. The company’s 50-day moving average price is $9.28 and its 200 day moving average price is $9.31. The company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 10.43.

Insider Buying and Selling at Consumer Portfolio Services

In other Consumer Portfolio Services news, VP Catrina Marie Ralston sold 3,617 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $9.50, for a total value of $34,361.50. Following the sale, the vice president owned 68,262 shares of the company’s stock, valued at $648,489. This represents a 5.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Noel Jackson sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $9.31, for a total value of $69,825.00. Following the completion of the sale, the vice president directly owned 7,500 shares in the company, valued at approximately $69,825. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 137,500 shares of company stock worth $1,299,825. 63.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CPSS has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Consumer Portfolio Services from a “buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings upgraded Consumer Portfolio Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, September 14th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc (NASDAQ: CPSS) is a specialty finance company that provides indirect automobile financing to consumers, primarily those with limited or impaired credit histories. The company works with franchised and independent automobile dealers to arrange financing for purchasers of new and used vehicles.

Consumer Portfolio Services typically purchases retail installment sales contracts originated by its dealer partners and then services the related automotive loans.