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 (CPSS) reported it has announced earnings for the three‑month and nine‑month periods ended September 30, 2025. The company will host a conference call on November 11, 2025 at 1:00 p.m. ET to discuss its third quarter 2025 results.
An earnings news release is included as Exhibit 99.1 to the report, with the conference call pre‑registration available at the provided link. No financial statements or pro forma financial information accompany this filing.
Consumer Portfolio Services (CPSS) reported Q3 2025 results with total revenues of $108.4 million, up from $100.6 million a year ago, driven by higher interest income as the loan portfolio grew. Net income was $4.9 million with diluted EPS of $0.20 (basic $0.22).
Interest income rose to $107.2 million (up 15%), reflecting a larger average portfolio and an 11.4% yield. The quarter included no fair value mark to receivables, compared with a $5.5 million mark-up in the prior year. Total expenses were $101.4 million, including interest expense of $59.1 million.
At September 30, 2025, total assets were $3.81 billion, including finance receivables at fair value of $3.62 billion. Securitization trust debt was $2.92 billion and warehouse lines outstanding were $340.6 million. Nine-month operating cash flow was $213.2 million. The company repurchased 641,299 shares at an average price of $9.54.
Subsequent to quarter-end, CPSS closed a new $167.5 million Capital One warehouse facility on October 17, 2025 and executed a $384.6 million term securitization on October 23, 2025 with a weighted average yield of about 5.72%.
Consumer Portfolio Services (CPSS) set its annual meeting for 10:00 a.m. on November 19, 2025 in Las Vegas. Shareholders of record on October 23, 2025 may vote, with 22,071,046 common shares outstanding and cumulative voting for directors.
The Board asks shareholders to vote FOR nine director nominees, ratify Crowe LLP as independent auditor for 2025, approve the advisory say‑on‑pay, approve the 2025 Equity Incentive Plan, and select 1 YEAR for the say‑on‑pay frequency.
The proposed equity plan provides a Share Limit of 4,501,330 shares, plus recycling of future forfeitures from the 2006 plan. As of the record date, 6,227,631 options were outstanding and 1,501,330 shares remained available under the 2006 plan. The company cites an expected three‑year runway and no evergreen feature. The plan prohibits repricing without shareholder approval, caps non‑employee director pay at $600,000 per year, and includes a one‑year minimum vesting (with a 5% carve‑out).
Audit fees for 2024 totaled $1,473,300 (audit $1,000,000, audit‑related $169,300, tax $304,000). The Audit Committee recommended inclusion of 2024 financials in the Form 10‑K and affirmed auditor independence.
Consumer Portfolio Services (CPSS) completed a securitization of subprime auto receivables. On October 23, 2025, a CPS subsidiary purchased and then sold approximately $392.46 million of receivables to CPS Auto Receivables Trust 2025‑D, which issued and sold $384.6 million of asset‑backed notes in five classes.
The notes are secured by the receivables and related cash flows, with CPS serving as servicer and Computershare Trust Company, N.A. acting as trustee, collateral agent, and backup servicer. Initial credit enhancement includes a 1.00% cash Reserve Account and 2.00% overcollateralization, with targeted enhancement building to the lesser of 7.00% of the original pool or 21.00% of the then‑outstanding pool, but not less than 1.50% of the original pool.
The transaction is structured so the notes are obligations only of the trust, yet are treated as long‑term debt of CPS for accounting and tax purposes. The trust pays monthly principal and fixed‑rate interest by class. CPS may exercise a cleanup call when receivables outstanding fall below 10% of the initial balance, if all notes can be redeemed in full.
Consumer Portfolio Services (CPSS) entered a two-year revolving credit agreement secured by its automobile receivables. The facility allows borrowings of up to $167.5 million outstanding at any time, with advances up to 95.5% of the principal of eligible pledged receivables. The funding termination date is October 18, 2027, with earlier termination or acceleration possible upon defined events.
Class A loans bear interest at one‑month SOFR plus 2.75% with a 3% floor; Class B loans are 3.65% above the total Class A rate. CPS incurred approximately $19.6 million of indebtedness under the facility on October 22, 2025, and plans to borrow over time as it purchases receivables from dealers.
Consumer Portfolio Services (CPSS) entered a two-year revolving credit agreement secured by its automobile receivables. The facility allows borrowings of up to $167.5 million outstanding at any time, with advances up to 95.5% of the principal of eligible pledged receivables. The funding termination date is October 18, 2027, with earlier termination or acceleration possible upon defined events.
Class A loans bear interest at one‑month SOFR plus 2.75% with a 3% floor; Class B loans are 3.65% above the total Class A rate. CPS incurred approximately $19.6 million of indebtedness under the facility on October 22, 2025, and plans to borrow over time as it purchases receivables from dealers.
Louis M. Grasso, a director of Consumer Portfolio Services, Inc. (CPSS), reported transactions dated 09/22/2025. The filing shows 20,000 shares acquired at a price of $2.47 and an additional 5,000 shares held indirectly in an IRA for a total of 25,300 shares beneficially owned after the transaction. The filing also discloses a stock option exercisable at $2.47 covering 20,000 underlying shares, with the option exercisable from 12/01/2020 and expiring 06/01/2027. A footnote states 5,000 shares are held in an individual retirement account and 20,000 shares were issued in consideration of services to the issuer.
Noel Jackson, Sr. Vice President of Consumer Portfolio Services, Inc. (CPSS), exercised stock options and sold the resulting shares on 09/16/2025. He exercised 9,369 option shares at an exercise price of $2.47 per share and immediately sold those 9,369 common shares at a weighted-average price of $8.4938 per share, resulting in no remaining direct ownership of those common shares after the sale. After the transactions, Mr. Jackson continues to beneficially own 20,631 derivative securities (stock options) issued for services.
Noel Jackson, Sr. Vice President of Consumer Portfolio Services, Inc. (CPSS), exercised stock options and sold the resulting shares on 09/16/2025. He exercised 9,369 option shares at an exercise price of $2.47 per share and immediately sold those 9,369 common shares at a weighted-average price of $8.4938 per share, resulting in no remaining direct ownership of those common shares after the sale. After the transactions, Mr. Jackson continues to beneficially own 20,631 derivative securities (stock options) issued for services.
William B. Roberts, a director of Consumer Portfolio Services, Inc. (CPSS), reported a sale of 100,000 shares of the issuer's common stock on 09/15/2025 at a price of $8.62 per share. Following the reported transaction, Mr. Roberts beneficially owns 585,702 shares. The filing states the shares were sold back to the issuer in an exempt transaction under Rule 16b-3 as part of the company’s stock repurchase program.
William B. Roberts, a director of Consumer Portfolio Services, Inc. (CPSS), reported a sale of 100,000 shares of the issuer's common stock on 09/15/2025 at a price of $8.62 per share. Following the reported transaction, Mr. Roberts beneficially owns 585,702 shares. The filing states the shares were sold back to the issuer in an exempt transaction under Rule 16b-3 as part of the company’s stock repurchase program.