Consumer Portfolio Services Inc. (CPSS) Trading 2.5% Higher
Consumer Portfolio Services Inc. (NASDAQ:CPSS) shares traded up 2.5% during mid-day trading on Wednesday . The company traded as high as $4.09 and last traded at $4.06, with a volume of 51,477 shares changing hands. The stock had previously closed at $3.96.
A number of research analysts have issued reports on the company. Zacks Investment Research raised Consumer Portfolio Services from a “sell” rating to a “hold” rating in a report on Monday, May 2nd. Compass Point cut their price objective on Consumer Portfolio Services from $5.50 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, April 27th. Jefferies Group reissued a “buy” rating on shares of Consumer Portfolio Services in a report on Tuesday, April 26th. Finally, JMP Securities cut Consumer Portfolio Services from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $5.25.
The firm has a market capitalization of $100.72 million and a price-to-earnings ratio of 3.76. The stock’s 50-day moving average price is $3.81 and its 200-day moving average price is $4.12.
Consumer Portfolio Services (NASDAQ:CPSS) last issued its quarterly earnings data on Monday, April 25th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The firm earned $100.60 million during the quarter, compared to analyst estimates of $100.30 million. Equities analysts predict that Consumer Portfolio Services Inc. will post $0.95 EPS for the current fiscal year.
In other Consumer Portfolio Services news, major shareholder Second Curve Capital Llc sold 8,600 shares of the company’s stock in a transaction on Tuesday, April 26th. The stock was sold at an average price of $4.40, for a total value of $37,840.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
An institutional investor recently bought a new position in Consumer Portfolio Services stock. Oxford Asset Management acquired a new position in shares of Consumer Portfolio Services Inc. (NASDAQ:CPSS) during the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 202,011 shares of the company’s stock, valued at approximately $1,039,000. Oxford Asset Management owned 0.78% of Consumer Portfolio Services as of its most recent SEC filing.
Consumer Portfolio Services, Inc is a specialty finance company. The Company’s business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans.
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