Consumer Portfolio Services ( (CPSS) ) has released its Q1 earnings. Here is a breakdown of the information Consumer Portfolio Services presented to its investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Consumer Portfolio Services, Inc. is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems or limited credit histories, primarily through franchised automobile dealerships.
In its first quarter of 2025, Consumer Portfolio Services reported a net income of $4.7 million, or $0.19 per diluted share, maintaining a steady performance compared to the same period last year. The company also achieved record revenues of $106.9 million, marking a significant increase from the previous year.
Key financial highlights include a total portfolio balance reaching $3.615 billion, the highest in the company’s history, and new contract purchases amounting to $451.2 million. The company also reported a slight decrease in annualized net charge-offs to 7.54% and a stable delinquency rate of 12.35%.
Looking forward, Consumer Portfolio Services is optimistic about its position in the market, with the CEO highlighting the record new loan originations as a strong start to the year. The company remains focused on driving growth and managing its portfolio effectively.