According to Zacks, “CONSUMER PORTFOLIO SERVICES is a consumer finance company that specializes in purchasing, selling, and servicing contracts with purchases of vechicles who are sub prime borrowers and are unable to obtain credit from traditional sources. “
Separately, ValuEngine cut Consumer Portfolio Services from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 2nd.
Consumer Portfolio Services (NASDAQ:CPSS) last released its quarterly earnings results on Wednesday, July 22nd. The credit services provider reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.16). Consumer Portfolio Services had a return on equity of 4.19% and a net margin of 5.05%. The business had revenue of $67.29 million during the quarter, compared to the consensus estimate of $74.77 million. Equities analysts expect that Consumer Portfolio Services will post 0.77 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Consumer Portfolio Services stock. People s United Financial Inc. grew its stake in shares of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) by 59.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,650 shares of the credit services provider’s stock after purchasing an additional 25,500 shares during the period. People s United Financial Inc. owned about 0.30% of Consumer Portfolio Services worth $93,000 as of its most recent SEC filing. 49.21% of the stock is currently owned by institutional investors.
Consumer Portfolio Services Company Profile
Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It purchases and services 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. The company, through its automobile contract purchases, offers indirect financing to the customers of dealers with limited credit histories, low incomes, or past credit problems.
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