According to Zacks, “CONSUMER PORTFOLIO SERVICES is a consumer finance company that specializes in purchasing, selling, and servicing contracts with purchases of vechicles who are sub prime borrowers and are unable to obtain credit from traditional sources. “
Separately, ValuEngine raised shares of Consumer Portfolio Services from a sell rating to a hold rating in a report on Wednesday, May 8th.
Consumer Portfolio Services (NASDAQ:CPSS) last announced its earnings results on Wednesday, July 24th. The credit services provider reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.01). Consumer Portfolio Services had a return on equity of 5.10% and a net margin of 3.35%. The business had revenue of $86.33 million for the quarter, compared to the consensus estimate of $84.93 million. As a group, sell-side analysts forecast that Consumer Portfolio Services will post 0.33 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in CPSS. Barclays PLC increased its holdings in shares of Consumer Portfolio Services by 18.6% during the fourth quarter. Barclays PLC now owns 34,850 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 5,476 shares during the period. Bailard Inc. acquired a new stake in shares of Consumer Portfolio Services during the 1st quarter worth approximately $88,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Consumer Portfolio Services during the 1st quarter worth approximately $63,000. 47.82% of the stock is currently owned by institutional investors.
Consumer Portfolio Services Company Profile
Consumer Portfolio Services, Inc operates as a specialty finance company in the United States. It purchases and services 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, low incomes, or past credit problems.
Further Reading: Golden Cross
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Consumer Portfolio Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consumer Portfolio Services and related companies with MarketBeat.com's FREE daily email newsletter.