consumer portfolio services is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems, low incomes or limited credit histories. we purchase retail installment sales contracts primarily from franchised automobile dealerships secured by late model used vehicles and, to a lesser extent, new vehicles. we fund these contract purchases on a long-term basis primarily through the securitization markets and service the contracts over their lives. our operational headquarters are located in irvine, california and we have four additional strategically located servicing branches in florida, illinois, nevada and virginia. since we began operations in 1991 and through june 2015, we have purchased over $11.8 billion in contracts. we currently service a total managed portfolio of approximately $1.8 billion with approximately 140,000 customers and 900 employees. we maintain dealer relationships in 48 states across the united states.
Company profile
Ticker
CPSS
Exchange
Website
CEO
Charles E. Bradley
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CONSUMER PORTFOLIO SERVICES INC
SEC CIK
Corporate docs
Subsidiaries
Registrant Consumer Portfolio Services, Inc. • CPS Receivables Five LLC • Page Eight Funding LLC • Page Nine Funding LLC • Folio Residual Holdings LLC • Folio Residual Holdings III LLC ...
IRS number
330459135
CPSS stock data
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
16 Apr 24
8-K
The Subprime Source Since 1991 December 2023 Investor Presentation
9 Apr 24
8-K
CPS Announces Renewal of $200 Million Credit Facility
4 Apr 24
424B2
Prospectus for primary offering
1 Apr 24
424B2
Prospectus for primary offering
1 Apr 24
8-K
CPS Announces $50.0 Million Securitization of Residual Interests
22 Mar 24
8-K
CPS Announces Fourth Quarter and Full Year 2023 Earnings
15 Mar 24
10-K
2023 FY
Annual report
15 Mar 24
8-K
CPS Announces $280.9 Million Senior Subordinate Asset-Backed Securitization
30 Jan 24
424B2
Prospectus for primary offering
26 Jan 24
Transcripts
CPSS
Earnings call transcript
2023 Q4
18 Mar 24
CPSS
Earnings call transcript
2023 Q3
13 Nov 23
CPSS
Earnings call transcript
2023 Q2
3 Aug 23
CPSS
Earnings call transcript
2023 Q1
27 Apr 23
CPSS
Earnings call transcript
2022 Q4
15 Mar 23
CPSS
Earnings call transcript
2022 Q3
10 Nov 22
CPSS
Earnings call transcript
2022 Q2
26 Jul 22
CPSS
Earnings call transcript
2022 Q1
19 Apr 22
CPSS
Earnings call transcript
2021 Q4
15 Feb 22
CPSS
Earnings call transcript
2021 Q3
29 Oct 21
Latest ownership filings
SC 13G/A
DIMENSIONAL FUND ADVISORS LP
9 Feb 24
4
DANIEL S WOOD
19 Dec 23
4
Brian Rayhill
30 Oct 23
4
DANIEL S WOOD
18 Oct 23
11-K
Annual report of employee stock purchases
14 Jul 23
3
Susan Ryan
3 Jul 23
3
Lisette Reynoso
3 Jul 23
3
April Crisp
3 Jul 23
3
April Crisp
3 Jul 23
3
Charles E. Gonel
3 Jul 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 142.09 mm | 142.09 mm | 142.09 mm | 142.09 mm | 142.09 mm | 142.09 mm |
Cash burn (monthly) | 4.35 mm | 2.55 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 29.59 mm | 17.35 mm | n/a | n/a | n/a | n/a |
Cash remaining | 112.50 mm | 124.74 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 25.9 | 48.9 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
48.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 50 |
Opened positions | 3 |
Closed positions | 6 |
Increased positions | 15 |
Reduced positions | 21 |
13F shares | Current |
---|---|
Total value | 112.90 bn |
Total shares | 10.22 mm |
Total puts | 13.90 k |
Total calls | 14.30 k |
Total put/call ratio | 1.0 |
Largest owners | Shares | Value |
---|---|---|
Black Diamond Capital Management, L.L.C. | 5.13 mm | $59.83 bn |
Dimensional Fund Advisors | 1.63 mm | $19.03 bn |
BLK Blackrock | 595.48 k | $6.95 bn |
Vanguard | 514.51 k | $6.00 bn |
Renaissance Technologies | 455.36 k | $5.31 mm |
Bridgeway Capital Management | 380.33 k | $4.44 bn |
STT State Street | 189.57 k | $2.21 bn |
Geode Capital Management | 186.50 k | $2.18 bn |
BK Bank Of New York Mellon | 145.12 k | $1.69 bn |
Russell Investments | 119.89 k | $1.40 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Dec 23 | Wood Daniel S | Common Stock, no par value | Sell | Dispose S | No | No | 9.2583 | 8,000 | 74.07 k | 220,067 |
27 Oct 23 | Rayhill Brian | Common Stock, no par value | Payment of exercise | Dispose F | No | No | 9.39 | 33,770 | 317.10 k | 188,411 |
27 Oct 23 | Rayhill Brian | Common Stock, no par value | Option exercise | Acquire M | No | No | 4.53 | 70,000 | 317.10 k | 222,181 |
27 Oct 23 | Rayhill Brian | Stock Option Common Stock, No Par Value | Option exercise | Dispose M | No | No | 4.53 | 70,000 | 317.10 k | 0 |
16 Oct 23 | Wood Daniel S | Common Stock, no par value | Payment of exercise | Dispose F | No | No | 9.16 | 9,891 | 90.60 k | 228,067 |
16 Oct 23 | Wood Daniel S | Common Stock, no par value | Option exercise | Acquire M | No | No | 4.53 | 20,000 | 90.60 k | 237,958 |
16 Oct 23 | Wood Daniel S | Stock Option Common Stock, No Par Value | Option exercise | Dispose M | No | No | 4.53 | 20,000 | 90.60 k | 0 |
Press releases
CPS Announces $319.9 Million Senior Subordinate Asset-Backed Securitization
23 Apr 24
Consumer Portfolio Services Appoints Gateway to Lead Expanded Investor Relations Program
3 Apr 24
CPS Announces Renewal of $200 Million Credit Facility
1 Apr 24
CPS Announces $50.0 Million Securitization of Residual Interests
22 Mar 24
CPS Announces Fourth Quarter and Full Year 2023 Earnings
15 Mar 24