Consumer Portfolio Services 10/31/2024 Earnings Report

Consumer Portfolio Services EPS Results

• Actual EPS: $0.20
• Consensus EPS: $0.21
• Beat/Miss: Missed by -$0.01
• One Year Ago EPS: N/A

Consumer Portfolio Services Revenue Results

• Actual Revenue: $100.58 million
• Expected Revenue: $98.34 million
• Beat/Miss: Beat by +$2.24 million
• YoY Revenue Growth: N/A

Consumer Portfolio Services Announcement Details

• Date: 10/31/2024
• Time: After Market Closes

Consumer Portfolio Services (NASDAQ:CPSS) 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 also 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. In addition, the company acquires installment purchase contracts in merger and acquisition transactions; purchases immaterial amounts of vehicle purchase money loans from non-affiliated lenders. It services its automobile contracts through its branches in California, Nevada, Virginia, Florida, and Illinois. The company was incorporated in 1991 and is based in Las Vegas, Nevada.