Consumer Portfolio Services, Inc. (NASDAQ: CPSS) is a specialty finance company headquartered in Irvine, California, focused on the origination and servicing of retail automobile finance receivables. The company primarily acquires installment sales contracts from a network of franchised and independent auto dealers across the United States, providing financing solutions to subprime, near‐prime and prime market consumers. By partnering with dealers to facilitate retail automobile purchase financing, CPS offers flexible loan terms designed to meet diverse borrower credit profiles.
In addition to purchasing retail contracts, CPS offers a suite of services including securitization and whole loan sales aimed at optimizing capital structure and liquidity. The company’s in‐house loan servicing platform manages and administers loan collections, payment processing and portfolio monitoring for both its owned assets and third‐party portfolios. CPS leverages advanced analytics to mitigate credit risk and drive portfolio performance while adhering to stringent compliance standards.
CPS also provides ancillary products such as guaranteed asset protection (GAP) insurance, vehicle service contracts and other aftermarket offerings that enhance customer retention and dealer profitability. Through its dedicated reinsurance subsidiary, the company underwrites these products, offering customizable coverage solutions that complement its financing offerings and support long‐term customer relationships.
Founded in 1990, Consumer Portfolio Services serves a nationwide footprint, extending its market reach through strategic partnerships with over 2,000 dealerships in more than 40 states. The company is led by a seasoned executive management team with extensive experience in automotive finance, including its President and Chief Executive Officer, supported by a senior leadership group responsible for finance, operations and risk management. CPS’s integrated platform and dealer‐centric approach position it as a key player in the specialty auto finance industry.
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