olivLaw · US equity research
Consumer Portfolio Services, Inc. CPSS
Finance Services · SIC 6199 · Vertical: Finance Services (SIC 6199)
Consumer Portfolio Services buys and services auto retail contracts for customers with limited or past credit problems, sourced mainly through US franchised dealers. Origination volume in the third quarter of 2026 rose by more than a third, 109 percent, while the portfolio reached a record level of 4.711 billion USD, making the firm relevant to the sub-prime auto credit market.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Consumer Portfolio Services, Inc. (CPSS) stock was 10.14 USD (+3.89% on the day), with market capitalisation 221.6 m USD, P/E 9.9 on diluted EPS of 1.02 USD over the last 12 months, beta 0.46, 52-week range 7.53–10.30 USD. Latest reported quarter (Q3 2026): revenue of 131.9 m USD (+21.7% YoY), net income of 7.0 m USD (+43.3% YoY), diluted EPS 0.30 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 60.8
- strong (55–70)
- Bollinger (20, 2)
- 8.67 – 10.26
- in the upper half of the band · %B 0.92 · band width 16.8%
- SMA 50 / 200
- 9.37 / 9.04
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.20 / 0.11
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +12.5% | −1.1% | +13.6 pp | — |
| 3 months | +10.5% | −0.5% | +10.9 pp | — |
| 6 months | −0.4% | +4.4% | −4.8 pp | — |
| Year to date | +8.7% | +12.3% | −3.6 pp | — |
| 1 year | +24.3% | +13.5% | +10.7 pp | −52.3% |
| 3 years | +2.4% | +76.4% | −74.0 pp | −82.2% |
| 5 years | +37.0% | +63.7% | −26.6 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 105.3 m | 106.9 m | 109.8 m | 108.4 m | 109.4 m | 112.3 m | 121.4 m | 131.9 m |
| Depreciation & amortisation | 212.0 k | 249.0 k | 249.0 k | 207.0 k | 176.0 k | 225.0 k | 249.0 k | 265.0 k |
| Interest expense | 52.5 m | 54.9 m | 58.7 m | 59.1 m | 59.3 m | 60.1 m | 64.3 m | 70.5 m |
| Pre-tax income | 7.4 m | 6.8 m | 7.0 m | 7.0 m | 7.2 m | 8.0 m | 9.0 m | 10.1 m |
| Income tax | 2.2 m | 2.1 m | 2.2 m | 2.2 m | 2.2 m | 2.5 m | 2.8 m | 3.1 m |
| Net income | 5.1 m | 4.7 m | 4.8 m | 4.9 m | 5.0 m | 5.5 m | 6.2 m | 7.0 m |
| Diluted EPS | 0.21 ≈ | 0.19 | 0.20 | 0.20 | 0.21 ≈ | 0.24 | 0.27 | 0.30 |
| Operating cash flow | 68.0 m | 73.9 m | 54.5 m ≈ | 84.9 m ≈ | 75.8 m | 83.8 m | 106.1 m ≈ | 94.6 m ≈ |
| Capex | 77.0 k | 471.0 k | 124.0 k ≈ | 49.0 k ≈ | 65.0 k | 796.0 k | 172.0 k ≈ | 400.0 k ≈ |
| Share repurchases | 0 | 0 | 5.1 m ≈ | 981.0 k ≈ | 2.6 m | 1.2 m | 2.5 m ≈ | 5.2 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 78 percentile of its own 37-quarter history (min 2.2, median 5.6, max 103.8; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 389.8 m | 345.8 m | 271.2 m | 267.8 m | 329.7 m | 352.0 m | 393.5 m | 434.5 m |
| Revenue YoY | −10.3% | −11.3% | −21.6% | −1.2% | +23.1% | +6.8% | +11.8% | +10.4% |
| Net income | 14.9 m | 5.4 m | 21.7 m | 47.5 m | 86.0 m | 45.3 m | 19.2 m | 19.3 m |
| Net income YoY | +294.7% | −63.6% | +301.0% | +119.2% | +80.9% | −47.3% | −57.6% | +0.6% |
| Diluted EPS | 0.59 | 0.22 | 0.90 | 1.84 | 3.23 | 1.80 | 0.79 | 0.80 |
| Diluted EPS YoY | +321.4% | −62.7% | +309.1% | +104.4% | +75.5% | −44.3% | −56.1% | +1.3% |
| net % | 3.8% | 1.6% | 8.0% | 17.7% | 26.1% | 12.9% | 4.9% | 4.4% |
| Free cash flow | 215.1 m | 216.0 m | 238.7 m | 196.2 m | 213.8 m | 237.4 m | 233.3 m | 288.3 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 6.3 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 309.5 m USD
- Total assets
- 3.9 bn USD
- Debt / equity
- unavailable
- Current ratio
- unavailable
- ROE
- unavailable
- ROA
- 0.5%
- FCF margin
- 66.4%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 271.2 m | 267.8 m | 329.7 m | 352.0 m | 393.5 m | 434.5 m | SEC (XBRL)· 16 Mar 2026verified |
| Depreciation & amortisation | 1.8 m | 1.7 m | 1.6 m | 847.0 k | 862.0 k | 881.0 k | SEC (XBRL)· 16 Mar 2026verified |
| Interest expense | 101.3 m | 75.2 m | 87.5 m | 146.6 m | 191.3 m | 232.0 m | SEC (XBRL)· 16 Mar 2026verified |
| Pre-tax income | 20.1 m | 65.7 m | 116.2 m | 61.1 m | 27.4 m | 28.0 m | SEC (XBRL)· 16 Mar 2026verified |
| Income tax | -1.6 m | 18.2 m | 30.2 m | 15.8 m | 8.2 m | 8.7 m | SEC (XBRL)· 16 Mar 2026verified |
| Net income | 21.7 m | 47.5 m | 86.0 m | 45.3 m | 19.2 m | 19.3 m | SEC (XBRL)· 16 Mar 2026verified |
| Diluted EPS | 0.90 | 1.84 | 3.23 | 1.80 | 0.79 | 0.80 | SEC (XBRL)· 16 Mar 2026verified |
| Weighted average diluted shares | 24.0 m | 25.8 m | 26.6 m | 25.2 m | 24.3 m | 24.1 m | SEC (XBRL)· 16 Mar 2026verified |
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 13.5 m | 29.9 m | 13.5 m | 6.2 m | 11.7 m | 6.3 m | SEC (XBRL)· 16 Mar 2026verified |
| Property, plant & equipment, net | 828.0 k | 1.1 m | 1.7 m | 1.4 m | 943.0 k | 771.0 k | SEC (XBRL)· 16 Mar 2026verified |
| Total assets | 2.1 bn | 2.2 bn | 2.8 bn | 2.9 bn | 3.5 bn | 3.9 bn | SEC (XBRL)· 16 Mar 2026verified |
| Accounts payable | 43.1 m | 43.6 m | 55.4 m | 62.5 m | 70.2 m | 65.2 m | SEC (XBRL)· 16 Mar 2026verified |
| Short-term debt | 300.0 m | — | — | — | — | — | SEC (XBRL)· 11 May 2021verified |
| Total liabilities | 2.0 bn | 2.0 bn | 2.5 bn | 2.6 bn | 3.2 bn | 3.5 bn | SEC (XBRL)· 16 Mar 2026verified |
| Equity | 133.4 m † | 170.2 m † | 228.4 m † | 274.7 m † | 0 † | 309.5 m † | SEC (XBRL)· 16 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 238.8 m | 198.2 m | 215.9 m | 238.0 m | 233.8 m | 289.0 m | SEC (XBRL)· 16 Mar 2026verified |
| Capex | 24.0 k | 2.0 m | 2.1 m | 559.0 k | 433.0 k | 709.0 k | SEC (XBRL)· 16 Mar 2026verified |
| Free cash flow | 238.7 m ≈ | 196.2 m ≈ | 213.8 m ≈ | 237.4 m ≈ | 233.3 m ≈ | 288.3 m ≈ | SEC (XBRL)· 16 Mar 2026derived |
| Investing cash flow | 93.0 m | -115.4 m | -713.9 m | -359.5 m | -769.7 m | -590.1 m | SEC (XBRL)· 16 Mar 2026verified |
| Financing cash flow | -328.5 m | -50.4 m | 484.2 m | 84.2 m | 547.9 m | 335.9 m | SEC (XBRL)· 16 Mar 2026verified |
| Share repurchases | 1.2 m | 25.7 m | 46.1 m | 20.3 m | 12.8 m | 8.7 m | SEC (XBRL)· 16 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 54.2% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 221.6 m USD
Key indicators
Coverage and freshness
Score by group
54% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 3.56 – 24.34 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E3.56 – 24.34 (Mid 14.03)10 companies used · median multiple 13.8x · quartiles 3.5x – 23.9xATCH, AXP, CRCL, DEFT, JFU, LX, QFIN, RHLD, SOFI, YRD
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 54.2% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 5.0% | 75 (vs peers) | 12% |
| FCF conversion · Quality | 1,513.6% | 100 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | 9.6% | 80 (on a fixed band) | 15% |
| EPS CAGR 3Y · Growth | -37.2% | 0 (on a fixed band) | 15% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| P/E (TTM) · Valuation | 9.9x | 50 (vs peers) | 19% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 162.0% | 100 (on a fixed band) | 15% |
| Shareholder yield (distributions) · Returns | 5.2% | 74 (on a fixed band) | 12% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/3 factors with a value
- Growth40/100 · 2/2 factors with a value
- Quality88/100 · 2/3 factors with a value
- Returns· partial74/100 · 1/2 factors with a value
- Valuation72/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
CONSUMER PORTFOLIO SERVICES, INC. (CPSS). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 434.5 m USD in 2025; YoY growth 10.4%; net margin 5.0%; ROE 7.5%.
The estimated value range is 3.56–24.34 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 14.03 USD, the price of 10.14 USD leaves a potential of 38.4% (value / price − 1) and a margin of safety of 27.7% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 54.2% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 5.0%
- FCF conversion: 1,513.6%
- Revenue CAGR 3Y: 9.6%
- FCF yield: 162.0%
- Shareholder yield (distributions): 5.2%
What contradicts it
- EPS CAGR 3Y: -37.2%
Not assessed (insufficient data or a ratio without meaning): ROIC, Net debt / EBITDA, Interest coverage, Current ratio, EV/EBITDA, Payout ratio (FCF).
Versus the vertical median
Finance Services (SIC 6199) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| AXPAmerican Express Co | 223.0 bn | 18.7 | 35.9% | 27.9% | +6.4% | −9% / +95% |
| BMNPBitmine Immersion Technologies, Inc. | 59.2 bn | — | -150.9% | -14,306.6% | +84.1% | unavailable / unavailable |
| ARBKArgo Blockchain PLC | 45.2 bn | — | — | -117.2% | −7.0% | −97% / −99% |
| COINCoinbase Global, Inc. | 40.1 bn | — | -4.7% | -12.5% | +9.4% | −44% / +21% |
| SOFISoFi Technologies, Inc. | 22.4 bn | 36.3 | 7.1% | 104.3% | +23.1% | −42% / +138% |
| RIOTRiot Platforms, Inc. | 5.8 bn | — | -50.5% | -210.8% | +71.9% | −5% / +22% |
| BTDRBitdeer Technologies Group | 1.5 bn | — | -196.7% | -171.3% | −5.1% | −51% / +45% |
| QFINQfin Holdings, Inc. | 1.3 bn | 1.7 | 25.3% | 31.1% | +16.8% | −72% / −65% |
| KEELKeel Infrastructure Corp. | 1.3 bn | — | -87.6% | -230.6% | +72.0% | −40% / +47% |
| RHLDResolute Holdings Management, Inc. | 1.0 bn | 24.1 | — | 4.2% | +9.9% | −26% / unavailable |
| CDChaince Digital Holdings Inc. | 741.4 m | — | -12.3% | -182.5% | +277.9% | −30% / +622% |
| GDOTGreen Dot Corp | 727.1 m | — | -2.8% | -1.1% | +20.7% | +2% / +59% |
| JFU9F Inc. | 536.7 m | 23.2 | 4.7% | 125.2% | +12.2% | −52% / −43% |
| HIVEHive Digital Technologies Ltd. | 499.2 m | — | -66.4% | -98.5% | +158.3% | −46% / −41% |
| CHADDefi Development Corp. | 310.0 m | — | -589.3% | -1,319.5% | +442.3% | unavailable / unavailable |
| CPSSConsumer Portfolio Services, Inc. | 221.6 m | 9.9 | 7.5% | 5.0% | +10.4% | +24% / +2% |
| BKKTBakkt, Inc. | 215.0 m | — | -15.9% | -1.3% | −32.1% | −70% / −87% |
| USBCUsbc, Inc. | 166.5 m | — | -414.1% | — | −100.0% | −47% / −97% |
| DEFTDefi Technologies Inc. | 152.4 m | 2.3 | 74.0% | 62.9% | +215.5% | −74% / unavailable |
| SLNHSoluna Holdings, Inc. | 136.7 m | — | -114.6% | -185.9% | −21.8% | −67% / −82% |
| SUIGSui Group Holdings Limited | 81.4 m | — | -683.9% | -11,373.7% | +18.1% | −47% / −60% |
| YRDYiren Digital Ltd. | 68.9 m | 8.8 | 0.6% | 1.0% | −85.9% | −91% / −86% |
| HYPDHyperion Defi, Inc. | 47.7 m | — | 9.6% | 474.9% | +1,318.8% | −32% / −97% |
| ZSTKZeroStack Corp. | 47.4 m | — | -1,993.6% | -444.2% | −0.5% | −67% / −94% |
| EXODExodus Movement, Inc. | 43.5 m | — | -36.4% | -79.9% | +4.5% | −72% / −6% |
1- and 3-year price returns: for CPSS from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 6.71 Total return -34% · Per year -34% | 11.83 Total return 17% · Per year 17% | 17.78 Total return 75% · Per year 75% |
| 3 years | 7.20 Total return -29% · Per year -11% | 14.22 Total return 40% · Per year 12% | 23.37 Total return 130% · Per year 32% |
| 5 years | 7.73 Total return -24% · Per year -5% | 17.09 Total return 69% · Per year 11% | 30.70 Total return 203% · Per year 25% |
- Exit P/E± 3.55
- Net margin± 2.49
- Annual revenue growth± 1.95
- Annual dilution± 0.21
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 23 Oct 2026; since then the company filed 10-Q (30 Oct 2026).
In brief
Consumer Portfolio Services buys and services auto retail contracts for customers with limited or past credit problems, sourced mainly through US franchised dealers. Origination volume in the third quarter of 2026 rose by more than a third, 109 percent 3, while the portfolio reached a record level of 4.711 billion USD 3, making the firm relevant to the sub-prime auto credit market.
SWOT
Strengths
- The company has long experience in sub-prime auto finance and a steady flow of fast automated decisions for dealer applications.
- Its dealer network has expanded and origination volume has grown strongly, showing an ability to attract new business.
- Portfolio credit quality improved compared with the prior year, and auction recoveries increased.
Weaknesses
- The company carries heavy debt that depends on securitizations and periodically renewed credit lines.
- Interest cost is a large share of expenses, which makes profit sensitive to the cost of funds.
- A high-risk customer base means larger losses during economic downturns.
Opportunities
- If securitization markets stay open, the company could keep growing its portfolio.
- Expanding the dealer network and raising credit lines could support further purchases.
- Refinancing existing auto loans could open a new revenue channel.
Threats
- A reversal in securitization market conditions could limit the company's access to funding.
- Rising consumer bankruptcies or falling used-vehicle prices could weaken recoveries.
- Changes in consumer credit regulation could raise compliance costs.
Risks
- Funding dependencehigh
The company relies on securitizations and warehouse lines. If access to these sources narrows, purchases could be reduced or halted.
- High indebtednesshigh
Total debt was about 3.5 billion USD at year-end 2025 1. Servicing this debt depends on future performance, and a shortfall would have serious effects.
- Credit risk of the customer basehigh
Sub-prime customers generate higher losses in downturns, and delinquencies could rise quickly.
- Release of excess cash from securitizationsmedium
Cash flow to the company depends on the performance of securitized contracts. Deterioration could affect liquidity.
- Consumer credit regulationmedium
Changes to consumer credit law could affect lending practices and compliance costs.
Investment thesis
What would need to be true (bull case)
- Origination volume and the portfolio reached record levels, and revenue grew faster than expenses, suggesting favorable operating leverage 3.
- Portfolio credit quality improved, with fewer delinquencies and lower net charge-offs than the prior year 3.
- The company obtained additional funding capacity and completed successful securitizations, which could support future growth 23.
What would break the thesis
- The company is heavily indebted, and any tightening of funding could force a reduction in purchases.
- The sub-prime customer base carries credit risk, and an economic downturn could raise losses significantly.
- Rapid portfolio growth can hide credit quality problems that only appear after several quarters.
What to watch
- Trend in delinquencies and net charge-offs in the growing portfolioQ1 2027
- Renewal and expansion of warehouse lines and results of quarterly securitizations2027
- Share of interest expense in operating costsQ1 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 23 Oct 2026; since then the company filed 10-Q (30 Oct 2026).
The business
The company is a specialty finance firm that buys and services retail installment contracts for new and used vehicles, mainly from franchised dealers and to a lesser extent from independent dealers 1. It serves customers with limited credit histories or past credit problems, which it calls sub-prime, and acts as an alternative financing source to banks and captive finance arms 1. Since 2021 it has financed most contracts through term securitizations that place long-term risk with institutional investors 1.
The headquarters are in Las Vegas, Nevada, while most operations and administrative functions are in Irvine, California 1. Credit underwriting is performed mainly in a California branch with support in Florida and Nevada 1. Short-term funding relies on warehouse lines whose capacity rose from 702.5 million USD at year-end 2025 1 to 725.0 million USD at June 30, 2026 2.
Segments
Market context
Auto finance is described as the second largest consumer finance market in the United States 1, and the sub-prime segment is described as fragmented with no single dominant player 1. The weighted average annual rate on own-portfolio contracts was 20.0 percent in 2025 1, a level that reflects the high risk of the customer base. The recent growth in origination volume suggests dealer demand for alternative financing stayed strong in 2026 3.
Demand depends on dealers' access to alternative financing and on the company's ability to raise funds in capital markets. If securitization markets deteriorate, the company could reduce purchases, as it has done in earlier periods 1.
Trends
- Rising origination volumetailwind
Contract purchases grew strongly in 2026 and the portfolio reached a record level 3. If this pace continues, higher interest income could support profitability.
- Access to securitization and fundingmixed
The company relies on quarterly securitizations and warehouse lines, and capacity rose to 725.0 million USD at June 30, 2026 2. Capital market conditions remain a key risk factor.
- Improving credit qualitytailwind
Delinquencies and net charge-offs fell from a year earlier, and auction recovery rates rose 3. A reversal of this trend would weigh on results.
- Cost of borrowingheadwind
Interest expense is a major part of operating costs, at about 58 percent 3. Higher funding costs would compress margins, especially while the portfolio grows quickly.
Competitive position
Competition comes from independent sub-prime specialists, subsidiaries of larger financial groups, and some banks that also operate in this segment 1. The segment is described as fragmented with no dominant leader 1. The company differentiates through its dealer network and fast decisions, with automated answers within seconds for most applications 1.
Its competitive position depends on decision speed and keeping dealer relationships, as management's comments on expanding the network show 3. Competitive pressure may show up in the acquisition fees paid to dealers 1.
- Independent sub-prime auto lenders
Specialist firms competing for the same dealers and customers with weak credit histories, not identified in the analysed sources.
- Subsidiaries of larger financial groups
Affiliates of financial companies active in the sub-prime segment and competing for dealer financing.
- Traditional banks
Institutions that sometimes take part in the sub-prime segment, though they focus mainly on prime borrowers.
- Captive finance arms of auto manufacturers
Finance subsidiaries of carmakers, aimed mainly at borrowers with good credit.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report02 Nov 2026Shareholder vote
- Quarterly report30 Oct 2026
- Current report23 Oct 2026Results of operations · Financial statements and exhibits
- Current report21 Oct 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Current report13 Oct 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Proxy statement30 Sept 2026
- Current report25 Aug 2026Regulation FD disclosure · Financial statements and exhibits
- Current report21 Aug 2026Other events · Financial statements and exhibits
- Quarterly report07 Aug 2026
- Current report04 Aug 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Consumer Portfolio Services, Inc. · 16 Mar 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Consumer Portfolio Services, Inc. · 07 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Consumer Portfolio Services, Inc. · 23 Oct 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.