Welcome to our dedicated page for Consumer Port SEC filings (Ticker: CPSS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Consumer Portfolio Services filings document the specialty finance company's operating results, auto receivable funding structure, and public-company governance. Recent Form 8-K reports cover earnings releases, Regulation FD investor presentations, executive incentive compensation, board appointments, and material agreements entered in the ordinary course of its auto finance business.
The filings also describe securitizations of automobile receivables, residual interests in prior securitizations, warehouse credit facilities, and related direct financial obligations or off-balance-sheet arrangements. These disclosures connect CPS's contract purchases and servicing activities with the funding vehicles, trusts, subsidiaries, and collateral terms used to finance its portfolio.
CONSUMER PORTFOLIO SERVICES, INC. senior vice president Steven Schween exercised stock options to acquire 30,000 shares of common stock at an exercise price of $3.53 per share. These options had vested in four equal installments of 7,500 shares from August 8, 2020 through August 8, 2023, and were originally issued as consideration for his services. After this exercise, he holds 127,099 common shares directly, and the filing shows no remaining derivative position, indicating a full exercise-and-hold rather than an immediate sale.
Consumer Portfolio Services, Inc. amended its warehouse credit facility with Capital One, N.A. and a Class B lender, significantly increasing available funding capacity. The revolving credit agreement’s maximum capacity rose from $167.5 million to $390 million, secured by automobile receivables CPS holds or will acquire from dealers.
Under the amended terms, CPS may borrow on a revolving basis through October 17, 2027, with up to 95.5% of the principal balance of eligible receivables available to be advanced. After the revolving period ends, CPS can either repay the balance in full or allow the loans to amortize over an eighteen-month period.
Consumer Portfolio Services, Inc. updated its executive pay disclosure by adding finalized non-equity incentive plan compensation for fiscal 2025. The revised Summary Compensation Table now shows total 2025 pay of $5,439,647 for CEO Charles E. Bradley Jr., $1,386,590 for President & COO Michael T. Lavin, and $1,254,849 for CFO Denesh (Danny) Bharwani.
The CEO’s bonus opportunity was tied to specific performance goals, including meeting quarterly budgets, completing securitizations, growing receivables originations, cutting core operating expenses, arranging residual and forward flow financings, and stock price targets, with a maximum payout equal to 720% of base salary. Maximum bonus opportunities were 160% of base salary for the president and 140% for the CFO.
Consumer Portfolio Services, Inc. furnished an investor presentation outlining its auto finance business and 2025 performance. The company manages a $3.89 billion portfolio as of December 31, 2025 and has achieved 57 consecutive profitable quarters, reflecting a long track record in subprime auto lending.
For the twelve months ended December 31, 2025, Consumer Portfolio Services reported total revenues of $434.5 million, net income of $19.3 million, and fully diluted EPS of $0.80. Auto contract purchases were $1,638.3 million and the total portfolio reached $3,778.7 million, with pretax return on managed assets of 0.8%.
CONSUMER PORTFOLIO SERVICES, INC. director Daniel S. Wood reported an open-market sale of 20,000 shares of common stock at $7.53 per share on March 13, 2026. After this transaction, he directly holds 194,943 shares, indicating he retained a substantial continuing position in the company.
Consumer Portfolio Services outlines its sub-prime auto finance business, portfolio metrics and key risks. The company purchases and services retail auto contracts for less creditworthy borrowers, primarily through franchised dealers, and finances these receivables via warehouse lines and asset-backed securitizations.
Managed portfolio reached $3.9 billion at December 31, 2025, up from $3.7 billion in 2024, with net charge-offs at 7.8% of an average portfolio of $3.7 billion. Contract purchases in 2025 totaled $1.64 billion, with a weighted average interest rate of 20.0% and average original amount financed of $22,652.
At December 31, 2025, total debt was $3.48 billion, including $2.99 billion of securitization trust debt and $325 million in warehouse lines, backed by three facilities totaling $702.5 million of capacity. The company emphasizes securitization cash flows, delinquency and loss performance, regulatory oversight and high leverage as central risk factors.
CPSS filed a Rule 144 notice reporting the proposed sale of 20,000 shares of common stock via Charles Schwab & Co. The Form lists two blocks tied to prior stock option exercises: 14,739 shares from a 05/17/2024 exercise and 5,261 shares from a 01/16/2013 exercise. The broker is identified as Charles Schwab & Co and the exchange is listed as Nasdaq.
Consumer Portfolio Services, Inc. reported solid but modestly improved results for 2025. For the fourth quarter of 2025, the company earned net income of $5.0 million, or $0.21 per diluted share, on total revenue of $109.4 million, up 3.9% from the prior-year quarter.
For the full year 2025, total revenue rose 10.4% to $434.5 million, driven mainly by interest income of $422.7 million, a 16% increase from 2024. Full-year net income was $19.3 million, or $0.80 per diluted share, slightly above $19.2 million in 2024.
Credit metrics remained relatively stable. Net charge-offs were 7.76% of the average portfolio for 2025, compared with 7.62% in 2024, while delinquencies over 30 days including repossession inventory were 14.77% of the portfolio at December 31, 2025, versus 14.85% a year earlier. Year-end receivables totaled $3.779 billion.
Consumer Portfolio Services, Inc. completed a $50 million securitization of residual interests from previously issued auto loan securitizations. Qualified institutional buyers purchased $50 million of asset-backed notes bearing an 8.75% coupon, secured by an 80% interest in a majority-owned affiliate holding residual interests in four CPS deals issued from January 2025 through October 2025.
The collateral includes 80% of cash in underlying spread accounts and 80% of over-collateralization from the related securitizations. Noteholders will receive monthly interest and, when needed, principal payments designed to keep a specified minimum collateral ratio in place. The securities were sold via a private offering not registered under federal or state securities laws.
CONSUMER PORTFOLIO SERVICES, INC. director Scott W. Carnahan filed an initial ownership report on Form 3. The filing shows indirect ownership of 36,000 shares of common stock with no par value as of February 18, 2026, held through Schwab CBP LP.