Key Points
- Director Daniel Wood sold 20,000 shares on March 13 at an average price of $7.53 for $150,600, trimming his stake by 9.30% to 194,943 shares (about $1.47M).
- Consumer Portfolio Services missed quarterly expectations, reporting EPS of $0.21 versus $0.23 expected and revenue of $50.11M versus $110.64M forecast, a significant revenue shortfall.
- Analyst sentiment is negative — Weiss Ratings reaffirmed a "sell (d+)" and MarketBeat shows a consensus "Sell"; the stock has a market cap of $177.66M and a P/E of 10.06.
Consumer Portfolio Services, Inc. (NASDAQ:CPSS - Get Free Report) Director Daniel Wood sold 20,000 shares of the firm's stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $7.53, for a total value of $150,600.00. Following the completion of the transaction, the director owned 194,943 shares of the company's stock, valued at approximately $1,467,920.79. The trade was a 9.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Consumer Portfolio Services Price Performance
Shares of NASDAQ CPSS opened at $8.05 on Wednesday. The business's 50 day moving average price is $8.45 and its 200 day moving average price is $8.38. The firm has a market cap of $177.66 million, a P/E ratio of 10.06 and a beta of 1.05. Consumer Portfolio Services, Inc. has a 52 week low of $6.67 and a 52 week high of $10.51. The company has a quick ratio of 9.27, a current ratio of 9.27 and a debt-to-equity ratio of 10.06.
Consumer Portfolio Services (NASDAQ:CPSS - Get Free Report) last posted its quarterly earnings results on Tuesday, March 10th. The credit services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.02). Consumer Portfolio Services had a return on equity of 6.38% and a net margin of 4.45%.The business had revenue of $50.11 million for the quarter, compared to analysts' expectations of $110.64 million. On average, sell-side analysts expect that Consumer Portfolio Services, Inc. will post 0.85 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a "sell (d+)" rating on shares of Consumer Portfolio Services in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Consumer Portfolio Services has a consensus rating of "Sell".
Read Our Latest Stock Analysis on CPSS
Institutional Trading of Consumer Portfolio Services
Several hedge funds and other institutional investors have recently bought and sold shares of CPSS. Russell Investments Group Ltd. raised its position in Consumer Portfolio Services by 6,347.2% during the fourth quarter. Russell Investments Group Ltd. now owns 97,740 shares of the credit services provider's stock valued at $912,000 after acquiring an additional 96,224 shares in the last quarter. Barclays PLC lifted its holdings in Consumer Portfolio Services by 12.2% in the fourth quarter. Barclays PLC now owns 17,049 shares of the credit services provider's stock valued at $159,000 after acquiring an additional 1,860 shares during the period. Wells Fargo & Company MN boosted its position in Consumer Portfolio Services by 50.5% in the 4th quarter. Wells Fargo & Company MN now owns 10,744 shares of the credit services provider's stock worth $100,000 after purchasing an additional 3,605 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Consumer Portfolio Services by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 221,565 shares of the credit services provider's stock worth $2,067,000 after purchasing an additional 3,604 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Consumer Portfolio Services by 17.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,739 shares of the credit services provider's stock worth $119,000 after purchasing an additional 2,333 shares during the period. 47.57% of the stock is owned by institutional investors and hedge funds.
About Consumer Portfolio Services
(
Get Free Report)
Consumer Portfolio Services, Inc is a specialty finance company focused on originating and servicing retail installment contracts for the automotive industry. The company primarily serves subprime and near-prime borrowers by partnering with a network of franchised and independent auto dealers across the United States. By providing flexible financing solutions, CPS seeks to expand vehicle ownership opportunities for customers who may not qualify for traditional prime auto loans.
CPS operates through two principal segments: loan origination and servicing.
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