In yesterday’s Wall Street session, Consumer Portfolio Services Inc. (NASDAQ:CPSS) shares traded at $8.38, down -9.21% from the previous session.
As of this writing, 1 analysts cover Consumer Portfolio Services Inc. (NASDAQ:CPSS). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $8.00 and a low of $8.00, we find $8.00. Given the previous closing price of $9.23, this indicates a potential downside of -13.33 percent. CPSS stock price is now 8.07% away from the 50-day moving average and -22.92% away from the 200-day moving average. The market capitalization of the company currently stands at $164.25M.
There are 0 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $8.00 as their price target over the next twelve months.
With the price target reduced from $5.50 to $5, Compass Point maintained Neutral rating for Consumer Portfolio Services Inc. (NASDAQ: CPSS). , while ‘Compass Point’ rates the stock as ‘Neutral’.
In other news, Fritz Jeffrey P, Exec. Vice President sold 25,000 shares of the company’s stock on Sep 08. The stock was sold for $282,500 at an average price of $11.30. Upon completion of the transaction, the Exec. Vice President now directly owns 113,437 shares in the company, valued at $0.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16, Sr. Vice President TERRY CHRIS sold 8,591 shares of the business’s stock. A total of $119,930 was realized by selling the stock at an average price of $13.96. This leaves the insider owning 106,308 shares of the company worth $0.89 million. Insiders disposed of 1,406,757 shares of company stock worth roughly $11.79 million over the past 1 year. A total of 21.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CPSS stock. A new stake in Consumer Portfolio Services Inc. shares was purchased by RUSSELL INVESTMENTS GROUP, LTD. during the first quarter worth $1,280,000. MARSHALL WACE, LLP invested $360,000 in shares of CPSS during the first quarter. In the first quarter, FIRST TRUST ADVISORS LP acquired a new stake in Consumer Portfolio Services Inc. valued at approximately $212,000. JANNEY MONTGOMERY SCOTT LLC acquired a new stake in CPSS for approximately $190,000. SQUAREPOINT OPS LLC purchased a new stake in CPSS valued at around $183,000 in the second quarter. In total, there are 88 active investors with 55.90% ownership of the company’s stock.
Monday morning saw Consumer Portfolio Services Inc. (NASDAQ: CPSS) opened at $9.06. During the past 12 months, Consumer Portfolio Services Inc. has had a low of $4.64 and a high of $15.47. The fifty day moving average price for CPSS is $7.75 and a two-hundred day moving average price translates $10.87 for the stock.
The latest earnings results from Consumer Portfolio Services Inc. (NASDAQ: CPSS) was released for Jun, 2022. According to the Credit Services Company, earnings per share came in at $0.52, beating analysts’ expectations of $0.18 by 0.34. This compares to $0.39 EPS in the same period last year. The net profit margin was 22.10% and return on equity was 35.60% for CPSS. The company reported revenue of $82.02 million for the quarter, compared to $66.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.84 percent. For the current quarter, analysts expect CPSS to generate $69.36M in revenue.
Consumer Portfolio Services Inc.(CPSS) Company Profile
Consumer Portfolio Services, Inc. operates as a specialty finance company in the United States. It is involved in the purchase and service of retail automobile contracts originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans. The company, through its automobile contract purchases, offers indirect financing to the customers of dealers with limited credit histories or past credit problems. It serves as an alternative source of financing for dealers, facilitating sales to customers who are not able to obtain financing from commercial banks, credit unions, and the captive finance companies. The company also acquires installment purchase contracts in four merger and acquisition transactions; purchases immaterial amounts of vehicle purchase money loans from non-affiliated lenders. and offers financing directly to sub-prime consumers to facilitate their purchase of a new or used automobile, light truck, or passenger van. It services its automobile contracts through its branches in California, Nevada, Virginia, Florida, and Illinois. The company was founded in 1991 and is based in Las Vegas, Nevada.