Trade Consumer Portfolio Services - CPSS CFD

About Consumer Portfolio Services, Inc.

Consumer Portfolio Services, Inc. is a specialty finance company. The Company’s business is to provide purchase and service retail automobile contracts originated primarily by franchised automobile dealers and, to a lesser extent, by select independent dealers in the United States in the sale of new and used automobiles, light trucks, and passenger vans. Through its automobile contract purchases, it provides indirect financing to the customers of dealers. It serves as an alternative source of financing for dealers, facilitating sales to customers from traditional sources, such as commercial banks, credit unions, and the finance companies affiliated with automobile manufacturers. It also originates vehicle purchase money loans by lending directly to consumers. It offers eight different financing programs, and prices each program according to relative credit risk. Its financing programs include First Time Buyer, Mercury / Delta, Standard, Alpha, Alpha Plus, Super Alpha and Preferred.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Consumer Portfolio Services, Inc. revenues decreased 9% to $272.2M. Net income increased from $21.7M to $47.5M. Revenues reflect Interest income decrease of 10% to $266.3M. Net income reflects Net Loss - Fin Instruments Fair Value decrease of 85% to $4.4M (expense), Depreciation and amortization decrease of 6% to $1.7M (expense).

Equity composition

Common Stock no Par, 05/11, 75M auth., 18,119,810 issd. Insiders control approx. 14.29%. IPO 10/92, 1.3Mshs. @ $5 by Whale Secs. PO 3/95, 1M shs. @ $14.75 by Chicago Corp. 3/96, 2-for-1 stock split.