Consumer Portfolio Services - CPSS Stock Forecast, Price & News

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. The company, through its automobile contract purchases, offers indirect financing to the customers of dealers with limited credit histories or past credit problems. It serves as an alternative source of financing for dealers, facilitating sales to customers who are not able to obtain financing from commercial banks, credit unions, and the captive finance companies. The company also acquires installment purchase contracts in four merger and acquisition transactions; purchases immaterial amounts of vehicle purchase money loans from non-affiliated lenders. and offers financing directly to sub-prime consumers to facilitate their purchase of a new or used automobile, light truck, or passenger van. It services its automobile contracts through its branches in California, Nevada, Virginia, Florida, and Illinois. The company was founded in 1991 and is based in Las Vegas, Nevada.

Consumer Portfolio Services Trading Up 3.5 %

Shares of NASDAQ:CPSS traded up $0.44 during mid-day trading on Wednesday, hitting $12.97. The stock had a trading volume of 33,055 shares, compared to its average volume of 159,160. The company has a debt-to-equity ratio of 10.28, a quick ratio of 10.94 and a current ratio of 10.94. The company has a market cap of $274.83 million, a PE ratio of 4.34 and a beta of 2.26. Consumer Portfolio Services has a 12-month low of $5.03 and a 12-month high of $15.47. The company's 50 day moving average is $11.41 and its 200-day moving average is $11.73.

Consumer Portfolio Services (NASDAQ:CPSS - Get Rating) last issued its quarterly earnings results on Monday, July 25th. The credit services provider reported $0.91 EPS for the quarter. The business had revenue of $82.02 million during the quarter. Consumer Portfolio Services had a net margin of 26.87% and a return on equity of 45.63%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Consumer Portfolio Services from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 10th.

Insider Activity at Consumer Portfolio Services

In other news, major shareholder Black Diamond Capital Manageme purchased 50,000 shares of Consumer Portfolio Services stock in a transaction that occurred on Monday, June 13th. The stock was acquired at an average price of $10.35 per share, for a total transaction of $517,500.00. Following the transaction, the insider now owns 4,729,557 shares in the company, valued at $48,950,914.95. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Black Diamond Capital Manageme acquired 50,000 shares of the company's stock in a transaction on Monday, June 13th. The shares were purchased at an average price of $10.35 per share, for a total transaction of $517,500.00. Following the purchase, the insider now owns 4,729,557 shares in the company, valued at $48,950,914.95. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Teri Robinson sold 10,000 shares of the stock in a transaction on Friday, May 13th. The stock was sold at an average price of $14.01, for a total transaction of $140,100.00. Following the transaction, the vice president now owns 321,614 shares in the company, valued at approximately $4,505,812.14. The disclosure for this sale can be found here. In the last 90 days, insiders bought 189,573 shares of company stock worth $1,976,619 and sold 35,100 shares worth $473,975. 64.40% of the stock is owned by insiders.