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CPS Announces Credit Facility Capacity Increase
GlobeNewswire· 2024-12-19 19:34
LAS VEGAS, Nevada, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that on December 16, 2024, it amended its two-year revolving credit agreement with Citibank, N.A to increase the capacity of the facility. The amendment also applies to the subordinate third party lender, which was announced last month. The amendment increases the capacity of this facility from $225 million to $335 million. Loans under the amended credit agreement wi ...
CPS(CPSS) - 2024 Q3 - Quarterly Report
2024-11-07 19:32
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 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 Commission file number: 001-11416 CONSUMER PORTFOLIO SERVICES, INC. (Exact name of registrant as specified in its charter) California 33-0459135 (State or other jurisdiction of incorp ...
CPS(CPSS) - 2024 Q3 - Earnings Call Transcript
2024-11-02 14:07
Consumer Portfolio Services, Inc (NASDAQ:CPSS) Q3 2024 Earnings Conference Call November 1, 2024 1:00 PM ET Company Participants Charles Bradley - Chief Executive Officer Danny Bharwani - Chief Financial Officer Mike Lavin - President and Chief Operating Officer Conference Call Participants Operator Good day, everyone, and welcome to the Consumer Portfolio Services 2024 Third Quarter Operating Results Conference Call. Today's call is being recorded. Before we begin, management has asked me to inform you tha ...
CPS(CPSS) - 2024 Q3 - Quarterly Results
2024-10-31 23:06
Exhibit 99.1 NEWS RELEASE CPS ANNOUNCES THIRD QUARTER 2024 EARNINGS § Revenues of $100.6 million compared to $92.1 million in the prior year period § Net income of $4.8 million, or $0.20 per diluted share § Total portfolio balance of $3.330 billion, highest in company history § New contract purchases of $445.9 million, compared to $322.4 million in the prior year period LAS VEGAS, NV, October 31, 2024 (GlobeNewswire) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) ("CPS" or the "Company") today announce ...
CPS(CPSS) - 2024 Q2 - Quarterly Report
2024-08-08 17:34
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, 2024 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, ...
Consumer Portfolio Services to Present at the 2024 Gateway Conference on September 4
GlobeNewswire News Room· 2024-08-06 20:05
LAS VEGAS, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) ("CPS" or the "Company") is confirmed to present at the 2024 Annual Gateway Conference, which is being held September 4-5, at the Four Seasons Hotel in San Francisco, CA. CPS's management team is scheduled to present on Wednesday, September 4 at 10:00 a.m. Pacific Time (PT). The presentation will be webcast live and available for replay here. In addition to the presentation, CPS executives will be available for one ...
CPS(CPSS) - 2024 Q2 - Earnings Call Transcript
2024-07-31 20:31
Consumer Portfolio Services, Inc (NASDAQ:CPSS) Q2 2024 Earnings Conference Call July 31, 2024 3:00 PM ET Company Participants Charles Bradley – Chief Executive Officer Danny Bharwani – Chief Financial Officer Mike Lavin – President and Chief Operating Officer Conference Call Participants Operator Good day everyone, and welcome to the Consumer Portfolio Services 2024 Second Quarter Operating Results Conference Call. Today’s call is being recorded. Before we begin, management has asked me to inform you that t ...
CPS(CPSS) - 2024 Q2 - Quarterly Results
2024-07-30 23:03
CPS ANNOUNCES SECOND QUARTER 2024 EARNINGS Revenues for the second quarter of 2024 were $95.9 million, an increase of $11.0 million, or 13.0%, compared to $84.9 million for the second quarter of 2023. Total operating expenses for the second quarter of 2024 were $89.2 million compared to $66.3 million for the 2023 period. A reversal of provision for credit loss expense reduced operating expenses by $2.0 million in the second quarter of 2024 and $9.7 million in the second quarter of 2023. Pretax income for th ...
CPS Announces Second Quarter 2024 Earnings
Newsfilter· 2024-07-30 20:30
LAS VEGAS, NV, July 30, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) ("CPS" or the "Company") today announced earnings of $4.7 million, or $0.19 per diluted share, for its second quarter ended June 30, 2024. This compares to a net income of $14.0 million, or $0.55 per diluted share, in the second quarter of 2023. During the second quarter of 2024, CPS purchased $431.9 million of new contracts compared to $346.3 million during the first quarter of 2024 and $318.4 million during t ...
CPS to Host Conference Call on Second Quarter 2024 Earnings
Newsfilter· 2024-07-29 20:30
About Consumer Portfolio Services, Inc. 949-753-6811 Las Vegas, Nevada, July 29, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) ("CPS" or the "Company") today announced that it will hold a conference call on Wednesday, July 31, 2024 at 1:00 p.m. ET to discuss its second quarter 2024 operating results. Investor Relations Contact Consumer Portfolio Services, Inc. is an independent specialty finance company that provides indirect automobile financing to individuals with past credit p ...