Consumer Portfolio Services reports developments tied to its specialty auto finance business, which purchases and services retail installment sales contracts from automobile dealers and provides indirect financing to borrowers with limited credit histories or past credit problems.
Company news commonly covers quarterly earnings, contract purchase volume, portfolio balances, delinquencies and net charge-offs, as well as asset-backed securitizations backed by automobile receivables. Updates also address warehouse credit facilities, residual-interest securitizations, forward flow arrangements, dealer relationships, and loan and collections systems used to originate and service auto contracts.
Consumer Portfolio Services (Nasdaq: CPSS) reported third-quarter 2026 diluted earnings per share of $0.30, up 50% from a year earlier. Net income rose 43.3% to $7.0 million, while revenue increased 21.7% to $131.9 million. Contract purchases grew 108.5% to $815.3 million, and the owned loan portfolio reached $4.711 billion, up 25.3%.
Total delinquencies, including repossession inventory, fell to 12.29% from 13.96%. Annualized net charge-offs declined to 7.26% from 8.01%, while auction recovery rates improved to 32.0% from 28.7%. Quarterly operating expenses rose to $121.8 million from $101.4 million. CPS renewed a warehouse credit line and increased its capacity to $508 million from $335 million. For the first nine months of 2026, revenue rose 12.5% to $365.6 million, net income increased 30.8% to $18.7 million, and diluted EPS increased to $0.80 from $0.59.
Consumer Portfolio Services (Nasdaq: CPSS) will hold a conference call on October 26, 2026, to discuss third-quarter 2026 operating results. The call begins at 1:00 p.m. ET. A replay will be available on the company’s investor relations website beginning two hours after the call concludes and remain available for 12 months.
Consumer Portfolio Services (Nasdaq: CPSS) closed its fourth term securitization of 2026, selling $767.85 million of asset-backed notes to institutional buyers.
The five classes issued by CPS Auto Receivables Trust 2026-D are secured by $797.36 million in automobile receivables originated by CPS. Class interest rates range from 5.14% to 8.56%. The senior class received Aaa from Moody’s and AAA from DBRS Morningstar, marking CPS’s 44th consecutive securitization with top ratings from at least two agencies on its senior notes. Initial credit enhancement includes a cash deposit equal to 1.00% of the original receivable pool balance and 3.70% overcollateralization, meaning collateral exceeds the notes outstanding.
Consumer Portfolio Services (CPSS) increased its Capital One revolving credit facility to $518 million through an amendment completed October 9, 2026.
Capacity rose from $390 million, bringing total credit facility capacity to $1.026 billion. Loans remain secured by automobile receivables. Revolving borrowing is available through October 17, 2027, followed by repayment in full or an optional eighteen-month amortization period.
Consumer Portfolio Services (Nasdaq: CPSS) closed an $80.0 million securitization of residual interests from previously issued CPS securitizations. A qualified institutional buyer purchased asset-backed notes with a 10.25% coupon, secured by residual interests in four securitizations from April 2022–April 2023 and an 80% interest in a majority-owned affiliate holding residuals from three securitizations issued July 2023–April 2026.
According to CPS, part of the proceeds fully repaid higher-coupon residual interest financing from March 2024, with those residuals now securing this transaction. The notes pay monthly interest and, if needed, principal to maintain a minimum collateral ratio and were sold via a private, unregistered offering.
Consumer Portfolio Services (Nasdaq: CPSS) reported second quarter 2026 net income of $6.2 million, or $0.27 per diluted share, up 30% and 35% respectively from the 2025 quarter. Revenues rose 10.6% to $121.4 million as total operating expenses increased to $112.4 million from $102.8 million.
Pre‑tax income grew 30% to $9.0 million. For the first half of 2026, revenues increased 8% to $233.7 million and net income rose 24% to $11.8 million, or $0.50 diluted EPS. New contract purchases reached $757.7 million in the quarter, 75% above the prior year period. Receivables climbed to $4.31 billion from $3.71 billion, while total delinquencies plus repossession inventory declined to 12.16% from 13.14%. Annualized net charge‑offs improved slightly to 7.28% of average portfolio, and recovery rates increased to 33.3%. Cash, restricted cash, and finance receivables at fair value totaled $4.42 billion of assets, funded largely by $3.13 billion in securitization debt and $679.9 million in warehouse lines.
Consumer Portfolio Services (Nasdaq: CPSS) will host a conference call on Wednesday, August 5, 2026 at 1:00 p.m. ET to discuss its second quarter 2026 operating results. Participants can pre-register online to receive dial-in details, and a replay will be available for 12 months on the company’s investor relations website.
Consumer Portfolio Services (Nasdaq: CPSS) closed its third term securitization of 2026 on July 22, 2026, a $716.88 million senior subordinate asset-backed notes offering secured by $734.51 million in automobile receivables. This is the largest securitization in the company’s history and its 60th senior subordinate deal since 2011.
The notes, issued by CPS Auto Receivables Trust 2026-C, comprise five classes (A–E) with coupons from 4.52% to 7.65% and a weighted average coupon of approximately 5.90%. Senior notes received up to triple “A” ratings from Standard & Poor’s and DBRS Morningstar. Initial credit enhancement includes a 1.00% cash deposit and 2.40% overcollateralization, with structural provisions to increase overcollateralization to the lesser of 7.70% of the original pool balance or 19.10% of the then outstanding pool balance. According to Consumer Portfolio Services, the securities were sold in a private offering to qualified institutional buyers.
Consumer Portfolio Services (Nasdaq: CPSS) renewed and expanded its revolving credit facility with Citibank and a subordinate lender. The facility’s capacity increased from $335 million to $508 million, secured by automobile receivables.
CPS may borrow on a revolving basis through July 17, 2028, then either repay in full or enter a one-year amortization period, subject to default and credit performance risks.
Consumer Portfolio Services (Nasdaq: CPSS) reported Q1 2026 results: revenues $112.3M, net income $5.5M or $0.24 diluted EPS. Total portfolio balance reached a record $3.942B. New contract purchases were $533.2M, up 18% year-over-year and 47% sequentially. Delinquencies fell to 11.58% while annualized net charge-offs rose to 8.57%.
Management cited growth in originations, revenue and net income and emphasized margin expansion and credit performance. A conference call is scheduled for May 6, 2026 at 1:00 p.m. ET.