Consumer Portfolio Services (NASDAQ:CPSS) Announces Earnings Results

Consumer Portfolio Services (NASDAQ:CPSS) issued its quarterly earnings results on Tuesday. The credit services provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02), FiscalAI reports. Consumer Portfolio Services had a net margin of 4.53% and a return on equity of 6.49%. The firm had revenue of $50.11 million for the quarter, compared to the consensus estimate of $110.64 million.

Consumer Portfolio Services Trading Up 1.2%

Shares of NASDAQ:CPSS traded up $0.10 during mid-day trading on Wednesday, hitting $7.82. The company had a trading volume of 892 shares, compared to its average volume of 14,593. The company has a debt-to-equity ratio of 10.06, a current ratio of 9.27 and a quick ratio of 9.27. Consumer Portfolio Services has a one year low of $6.67 and a one year high of $10.51. The firm has a fifty day moving average price of $8.59 and a 200 day moving average price of $8.40. The company has a market capitalization of $172.48 million, a PE ratio of 9.77 and a beta of 1.05.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Consumer Portfolio Services in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Consumer Portfolio Services has a consensus rating of “Sell”.

Institutional Investors Weigh In On Consumer Portfolio Services

A number of large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its stake in Consumer Portfolio Services by 50.5% in the fourth quarter. Wells Fargo & Company MN now owns 10,744 shares of the credit services provider’s stock valued at $100,000 after purchasing an additional 3,605 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Consumer Portfolio Services by 17.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider’s stock worth $119,000 after purchasing an additional 2,333 shares in the last quarter. Barclays PLC grew its stake in shares of Consumer Portfolio Services by 12.2% in the 4th quarter. Barclays PLC now owns 17,049 shares of the credit services provider’s stock valued at $159,000 after buying an additional 1,860 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Consumer Portfolio Services in the 3rd quarter valued at about $163,000. Finally, Goldman Sachs Group Inc. increased its position in Consumer Portfolio Services by 17.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 31,752 shares of the credit services provider’s stock valued at $275,000 after buying an additional 4,789 shares in the last quarter. 47.57% of the stock is currently owned by institutional investors and hedge funds.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc is a specialty finance company focused on originating and servicing retail installment contracts for the automotive industry. The company primarily serves subprime and near-prime borrowers by partnering with a network of franchised and independent auto dealers across the United States. By providing flexible financing solutions, CPS seeks to expand vehicle ownership opportunities for customers who may not qualify for traditional prime auto loans.

CPS operates through two principal segments: loan origination and servicing.