Consumer Portfolio Services Inc. (CPSS) Trading Down 2.2%
Consumer Portfolio Services Inc. (NASDAQ:CPSS)’s share price dropped 2.2% on Friday . The stock traded as low as $3.92 and last traded at $3.98, with a volume of 62,689 shares changing hands. The stock had previously closed at $4.07.
CPSS has been the topic of several analyst reports. Compass Point cut their target price on Consumer Portfolio Services from $5.50 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 27th. Jefferies Group reissued a “buy” rating on shares of Consumer Portfolio Services in a research report on Tuesday, April 26th. Finally, Zacks Investment Research raised Consumer Portfolio Services from a “sell” rating to a “hold” rating in a research report on Monday, May 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $5.25.
The company’s 50-day moving average is $3.81 and its 200 day moving average is $4.11. The firm has a market cap of $98.00 million and a P/E ratio of 3.66.
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 the consensus estimate of $0.23 by $0.01. The business earned $100.60 million during the quarter, compared to analyst estimates of $100.30 million. On average, analysts expect that Consumer Portfolio Services Inc. will post $0.95 earnings per share for the current fiscal year.
In other news, major shareholder Second Curve Capital Llc sold 8,600 shares of the firm’s stock in a transaction that occurred on Tuesday, April 26th. The stock was sold at an average price of $4.40, for a total value of $37,840.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
An institutional investor recently bought a new position in Consumer Portfolio Services stock. Oxford Asset Management bought a new stake in Consumer Portfolio Services Inc. (NASDAQ:CPSS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 202,011 shares of the company’s stock, valued at approximately $1,039,000. Oxford Asset Management owned 0.78% of Consumer Portfolio Services at the end of the most recent reporting period.
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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