Consumer Portfolio Services (NASDAQ:CPSS) Releases Earnings Results

Consumer Portfolio Services (NASDAQ:CPSS) posted its quarterly earnings results on Monday. The credit services provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.05), Zacks reports. The business had revenue of $49.32 million during the quarter, compared to analyst estimates of $111.49 million. Consumer Portfolio Services had a net margin of 4.60% and a return on equity of 6.59%.

Consumer Portfolio Services Stock Performance

CPSS opened at $7.95 on Wednesday. The company has a debt-to-equity ratio of 9.89, a current ratio of 8.03 and a quick ratio of 8.03. Consumer Portfolio Services has a 1 year low of $6.67 and a 1 year high of $12.73. The company has a market capitalization of $175.46 million, a price-to-earnings ratio of 9.94 and a beta of 1.00. The business’s 50-day moving average price is $7.99 and its two-hundred day moving average price is $8.69.

Insider Transactions at Consumer Portfolio Services

In related news, VP Noel Jackson sold 9,369 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $8.49, for a total value of $79,542.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 63.70% of the company’s stock.

Institutional Investors Weigh In On Consumer Portfolio Services

A number of large investors have recently added to or reduced their stakes in CPSS. JPMorgan Chase & Co. boosted its position in Consumer Portfolio Services by 17.4% in the third quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider’s stock valued at $119,000 after buying an additional 2,333 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Consumer Portfolio Services by 17.8% in the first quarter. Goldman Sachs Group Inc. now owns 31,752 shares of the credit services provider’s stock worth $275,000 after purchasing an additional 4,789 shares during the last quarter. Empowered Funds LLC increased its position in shares of Consumer Portfolio Services by 3.8% during the first quarter. Empowered Funds LLC now owns 150,808 shares of the credit services provider’s stock valued at $1,308,000 after acquiring an additional 5,588 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Consumer Portfolio Services by 8.5% in the 2nd quarter. Geode Capital Management LLC now owns 212,555 shares of the credit services provider’s stock worth $2,090,000 after purchasing an additional 16,563 shares during the period. Institutional investors and hedge funds own 47.57% of the company’s stock.

Wall Street Analyst Weigh In

CPSS has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Consumer Portfolio Services in a research note on Wednesday, October 8th. Wall Street Zen raised Consumer Portfolio Services from a “hold” rating to a “buy” rating in a report on Friday, July 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Consumer Portfolio Services Company Profile

Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It is involved in the purchase and service of retail automobile contracts originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans.