CPS(CPSS)

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CPS Announces $50.0 Million Securitization of Residual Interests
Newsfilter· 2024-03-22 17:55
LAS VEGAS, Nevada, March 22, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (NASDAQ:CPSS) ("CPS" or the "Company") today announced the closing of a $50.0 million securitization of residual interests from previously issued securitizations. In the transaction, a qualified institutional buyer purchased $50.0 million of asset-backed notes secured by an 80% interest in a CPS affiliate that owns the residual interests in five CPS securitizations issued from January 2022 through January 2023. Collater ...
CPS(CPSS) - 2023 Q4 - Earnings Call Transcript
2024-03-18 18:38
Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Q4 2023 Earnings Conference Call March 18, 2024 1:00 PM ET Company Participants Charles Bradley - Chief Executive Officer Michael Lavin - President and Chief Operating Officer Danny Bharwani - Chief Financial Officer Operator Good day, everyone, and welcome to the Consumer Portfolio Services 2023 Fourth Quarter Operating Results Conference Call. Today's call is being recorded. Before we begin, management has asked me to inform you that this conference call may ...
CPS(CPSS) - 2023 Q4 - Annual Results
2024-03-15 23:25
Exhibit 99.1 · Pretax income of $9.8 million for the fourth quarter and $61.1 million for 2023 · Revenues of $92.0 million for the fourth quarter and $352.0 million for 2023 · Net income of $45.3 million, or $1.80 per diluted share for 2023 · New contract purchases of $1.358 billion for the full year 2023 · Largest managed portfolio balance in company history, $3.2 billion For the twelve months ended December 31, 2023 total revenues were $352.0 million compared to $329.7 million for the twelve months ended ...
CPS Announces Fourth Quarter and Full Year 2023 Earnings
Newsfilter· 2024-03-15 18:00
Pretax income of $9.8 million for the fourth quarter and $61.1 million for 2023Revenues of $92.0 million for the fourth quarter and $352.0 million for 2023Net income of $45.3 million, or $1.80 per diluted share for 2023New contract purchases of $1.358 billion for the full year 2023Largest managed portfolio balance in company history, $3.2 billion LAS VEGAS, NV, March 15, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (NASDAQ:CPSS) ("CPS" or the "Company") today announced earnings of $7.2 million ...
CPS to Host Conference Call on Fourth Quarter 2023 Earnings
Newsfilter· 2024-03-14 21:00
LAS VEGAS, Nevada, March 14, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (NASDAQ:CPSS) ("CPS" or the "Company") today announced that it will hold a conference call on Monday, March 18, 2024 at 1:00 p.m. ET to discuss its fourth quarter 2023 operating results. Those wishing to participate can pre-register for the conference call at the following link https://register.vevent.com/register/BI280eff9814e7495fb11dd11c31078155. Registered participants will receive an email containing conference call ...
CPS(CPSS) - 2023 Q4 - Annual Report
2024-03-14 16:00
FORM 10-K For the fiscal year ended December 31, 2023 For the transition period from to California 33-0459135 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required ...
CPS Announces $280.9 Million Senior Subordinate Asset-Backed Securitization
Newsfilter· 2024-01-24 18:41
LAS VEGAS, Nevada, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (NASDAQ:CPSS) ("CPS" or the "Company") announced the closing of its first term securitization in 2024 on Wednesday, January 24, 2024. The transaction is CPS's 50th senior subordinate securitization since the beginning of 2011 and the 33rd consecutive securitization to receive a triple "A" rating from at least two rating agencies on the senior class of notes. The transaction also marks the 100th securitization in the compa ...
CPS(CPSS) - 2023 Q3 - Earnings Call Transcript
2023-11-13 19:18
Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Q3 2023 Earnings Conference Call November 13, 2023 12:30 PM ET Company Participants Charles Bradley - Chief Executive Officer Danny Bharwani - Chief Financial Officer Mike Lavin - President and COO Conference Call Participants Operator Good day, everyone. And welcome to the Consumer Portfolio Services 2023 Third Quarter Operating Results Conference Call. Today’s call is being recorded. Before we begin, management has asked me to inform you that this conference ...
CPS(CPSS) - 2023 Q3 - Quarterly Report
2023-11-08 16:00
Employee costs were $21.8 million during the three months ended September 30, 2023 compared to $20.7 million for the same quarter in the prior year. The table below summarizes our employees by category as well as contract purchases and units in our managed portfolio as of, and for the three-month periods ended, September 30, 2023 and 2022: Interest expense for the three months ended September 30, 2023 was $37.9 million and represented 48.7% of total operating expenses, compared to $23.5 million in the previ ...
CPS(CPSS) - 2023 Q2 - Quarterly Report
2023-08-07 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 Commission file number: 1-11416 CONSUMER PORTFOLIO SERVICES, INC. (Exact name of registrant as specified in its charter) California 33-0459135 (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) 3800 Howard Hughes Parkway, Suite 1400, ...