Weiss Ratings Reiterates "Sell (D)" Rating for Consumer Portfolio Services (NASDAQ:CPSS)

Key Points

• Consumer Portfolio Services (NASDAQ:CPSS) received a "sell (D)" rating from Weiss Ratings, reaffirming its bearish outlook on the stock.
• In contrast, Wall Street Zen upgraded CPSS from a "hold" to a "buy" rating, indicating differing opinions among analysts on the stock's potential.
• The company's recent quarterly earnings report showed an EPS of $0.20, which missed the consensus estimate by $0.06, highlighting ongoing challenges in meeting market expectations.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by research analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded Consumer Portfolio Services from a "hold" rating to a "buy" rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of "Sell".

Consumer Portfolio Services Price Performance

Shares of NASDAQ CPSS traded up $0.01 during midday trading on Friday, reaching $8.10. The company's stock had a trading volume of 13,057 shares, compared to its average volume of 23,498. Consumer Portfolio Services has a one year low of $6.67 and a one year high of $12.73. The company has a market cap of $179.98 million, a price-to-earnings ratio of 10.13 and a beta of 0.94. The company has a 50 day moving average price of $7.98 and a 200 day moving average price of $8.72. The company has a current ratio of 8.03, a quick ratio of 8.03 and a debt-to-equity ratio of 9.89.

Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The credit services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.06). The business had revenue of $109.76 million during the quarter, compared to analyst estimates of $109.63 million. Consumer Portfolio Services had a return on equity of 6.59% and a net margin of 4.60%. On average, equities research analysts expect that Consumer Portfolio Services will post 0.85 EPS for the current year.

Insider Transactions at Consumer Portfolio Services

In other news, VP Noel Jackson sold 9,369 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $8.49, for a total value of $79,542.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 69.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Police & Firemen s Retirement System of New Jersey purchased a new stake in Consumer Portfolio Services in the 2nd quarter worth about $29,000. Voya Investment Management LLC lifted its position in shares of Consumer Portfolio Services by 67.3% in the first quarter. Voya Investment Management LLC now owns 24,958 shares of the credit services provider's stock worth $216,000 after purchasing an additional 10,037 shares in the last quarter. Goldman Sachs Group Inc. lifted 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 worth $275,000 after purchasing an additional 4,789 shares in the last quarter. Empowered Funds LLC boosted its holdings 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 worth $1,308,000 after purchasing an additional 5,588 shares during the period. Finally, Geode Capital Management LLC grew its position in Consumer Portfolio Services by 8.5% during the second quarter. Geode Capital Management LLC now owns 212,555 shares of the credit services provider's stock valued at $2,090,000 after purchasing an additional 16,563 shares in the last quarter. 47.57% of the stock is owned by institutional investors and hedge funds.

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.

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