Consumer Portfolio Services Inc. (CPSS) Sees Unusually-High Trading Volume
Shares of Consumer Portfolio Services Inc. (NASDAQ:CPSS) saw unusually-high trading volume on Monday . Approximately 60,124 shares changed hands during trading, an increase of 5% from the previous session’s volume of 57,463 shares.The stock last traded at $3.76 and had previously closed at $3.96.
CPSS has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Consumer Portfolio Services from a “sell” rating to a “hold” rating in a research note on Monday, May 2nd. Jefferies Group restated a “buy” rating on shares of Consumer Portfolio Services in a research note on Tuesday, April 26th. Finally, Compass Point reduced their price objective on shares of Consumer Portfolio Services from $5.50 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, April 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Consumer Portfolio Services has a consensus rating of “Hold” and a consensus price target of $5.25.
The stock’s 50 day moving average price is $3.82 and its 200 day moving average price is $4.08. The company has a market cap of $96.52 million and a PE ratio of 3.60.
Consumer Portfolio Services (NASDAQ:CPSS) last issued its earnings results on Monday, April 25th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.01. The company had revenue of $100.60 million for the quarter, compared to analysts’ expectations of $100.30 million. On average, analysts forecast that Consumer Portfolio Services Inc. will post $0.95 earnings per share for the current year.
In other news, major shareholder Second Curve Capital Llc sold 15,000 shares of the business’s stock in a transaction on Friday, April 22nd. The shares were sold at an average price of $4.34, for a total transaction of $65,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Consumer Portfolio Services Inc. (NASDAQ:CPSS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 202,011 shares of the company’s stock, valued at approximately $1,039,000. Oxford Asset Management owned about 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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