Consumer Portfolio Services (CPSS) Releases Earnings Results
Consumer Portfolio Services (NASDAQ:CPSS) released its quarterly earnings data on Wednesday. The credit services provider reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.03, Bloomberg Earnings reports. Consumer Portfolio Services had a return on equity of 11.09% and a net margin of 4.87%.
Consumer Portfolio Services (NASDAQ:CPSS) traded down $0.04 during midday trading on Thursday, hitting $4.03. The company’s stock had a trading volume of 56,200 shares, compared to its average volume of 35,266. The stock has a market cap of $88.63, a price-to-earnings ratio of 5.30 and a beta of 1.73. Consumer Portfolio Services has a twelve month low of $3.66 and a twelve month high of $5.69. The company has a debt-to-equity ratio of 10.89, a current ratio of 17.19 and a quick ratio of 17.19.
In related news, VP Curtis K. Powell sold 7,000 shares of Consumer Portfolio Services stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $4.26, for a total value of $29,820.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Second Curve Capital Llc purchased 150,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was acquired at an average price of $4.22 per share, with a total value of $633,000.00. The disclosure for this purchase can be found here. Insiders have sold a total of 195,000 shares of company stock valued at $823,241 in the last quarter. Company insiders own 37.50% of the company’s stock.
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About Consumer Portfolio Services
Consumer Portfolio Services, Inc is a specialty finance company. The Company’s business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans.
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