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. In its origination segment, the company purchases retail installment contracts directly from dealer partners and retains servicing responsibilities. In its servicing segment, CPS manages both its owned portfolios and third-party portfolios, collecting payments, administering delinquencies, and coordinating repossession and resale activities when necessary. This dual–function model allows the company to capture servicing fees while maintaining exposure to loan performance.
Founded in 1991 and headquartered in Torrance, California, Consumer Portfolio Services has built its platform to support vehicle financing in all 50 states. The company’s capital-efficient structure includes securitization vehicles and warehouse facilities that enable it to fund origination volumes without relying solely on its balance sheet. CPS is listed on the Nasdaq Global Select Market under the ticker symbol CPSS.
Through its nationwide dealer network and integrated servicing capabilities, CPS aims to maintain portfolio performance and enhance returns. The company’s management team leverages decades of experience in subprime lending and asset recovery to navigate market cycles and regulatory requirements, positioning CPS as a specialized provider of auto finance solutions for underserved borrowers.
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