Consumer Portfolio Services (NASDAQ:CPSS) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Shares crossed above their 200-day moving average ($8.36), trading as high as $8.53 and last at $8.48 on volume of 18,703 shares.
• Analyst sentiment is negative—Weiss Ratings reiterated a “sell (d+)” and MarketBeat shows an average rating of Sell.
• Recent quarterly results missed expectations (EPS $0.21 vs. $0.23 consensus; revenue $50.11M vs. $110.64M consensus), and a director sold 20,000 shares while insiders hold 63.7% of the stock.

Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.36 and traded as high as $8.53. Consumer Portfolio Services shares last traded at $8.48, with a volume of 18,703 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "sell (d+)" rating on shares of Consumer Portfolio Services in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of "Sell".

Consumer Portfolio Services Price Performance

The firm has a market capitalization of $184.52 million, a P/E ratio of 10.60 and a beta of 1.08. The firm has a 50 day moving average price of $8.11 and a 200-day moving average price of $8.36. The company has a current ratio of 9.81, a quick ratio of 9.81 and a debt-to-equity ratio of 10.20.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last issued its quarterly earnings results on Tuesday, March 10th. The credit services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.02). Consumer Portfolio Services had a return on equity of 6.34% and a net margin of 4.45%.The business had revenue of $50.11 million for the quarter, compared to the consensus estimate of $110.64 million. On average, analysts expect that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current year.

Insiders Place Their Bets

In other Consumer Portfolio Services news, Director Daniel S. Wood sold 20,000 shares of the business's stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $7.53, for a total transaction of $150,600.00. Following the sale, the director owned 194,943 shares in the company, valued at approximately $1,467,920.79. The trade was a 9.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 63.70% of the company's stock.

Hedge Funds Weigh In On Consumer Portfolio Services

Large investors have recently bought and sold shares of the business. Wells Fargo & Company MN grew its position in shares of Consumer Portfolio Services by 50.5% in the fourth quarter. Wells Fargo & Company MN now owns 10,744 shares of the credit services provider's stock valued at $100,000 after purchasing an additional 3,605 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of 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 purchasing an additional 2,333 shares in the last quarter. Barclays PLC grew its position in shares of Consumer Portfolio Services by 12.2% in the fourth quarter. Barclays PLC now owns 17,049 shares of the credit services provider's stock valued at $159,000 after purchasing an additional 1,860 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Consumer Portfolio Services in the third quarter valued at approximately $163,000. Finally, Goldman Sachs Group Inc. grew its position 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 valued at $275,000 after purchasing an additional 4,789 shares in the last quarter. Institutional investors and hedge funds own 47.57% of the company's stock.

About Consumer Portfolio Services

Consumer Portfolio Services, Inc is a specialty finance company focused on originating and servicing retail installment contracts for the automotive industry. The company primarily serves subprime and near-prime borrowers by partnering with a network of franchised and independent auto dealers across the United States. By providing flexible financing solutions, CPS seeks to expand vehicle ownership opportunities for customers who may not qualify for traditional prime auto loans.

CPS operates through two principal segments: loan origination and servicing.

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