Consumer Portfolio Services, Inc. (OQ:CPSS)
Business Focus: Consumer Lending
| Sector: Financials | Industry: Consumer Lending |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 19500 Jamboree Rd IRVINE CA 92612 |
| Tel: | 1-949-5743860 |
| Website: | https://www.consumerportfolio.com |
| IR: | See website |
| Key People | ||
| Charles E. Bradley Chairman of the Board, Chief Executive Officer | Michael T. Lavin President, Chief Operating Officer, Chief Legal Officer | Denesh Bharwani Chief Financial Officer, Executive Vice President - Finance |
| Teri L. Robinson Executive Vice President - Sales and Originations | Laurie A. Straten Executive Vice President - Servicing | Catrina Ralston Senior Vice President - Human Resources |
| John P. Harton Senior Vice President - Business Development | Steve Schween Senior Vice President - Systems | |
| Business Overview |
| Consumer Portfolio Services, Inc. is a specialty finance company. The Company's business is to provide purchase and service retail automobile contracts originated primarily by franchised automobile dealers and, to a lesser extent, by select independent dealers in the United States in the sale of new and used automobiles, light trucks, and passenger vans. Through its automobile contract purchases, it provides indirect financing to the customers of dealers. It serves as an alternative source of financing for dealers, facilitating sales to customers from traditional sources, such as commercial banks, credit unions, and the finance companies affiliated with automobile manufacturers. It also originates vehicle purchase money loans by lending directly to consumers. It offers over eight different financing programs and prices each program according to relative credit risk. Its financing programs include First Time Buyer, Mercury / Delta, Standard, Alpha, Alpha Plus, Super Alpha and Preferred. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Consumer Portfolio Services, Inc. revenues increased 8% to $340M. Net income decreased 47% to $45.3M. Revenues reflect Interest income increase of 8% to $329.2M, Other income increase of 17% to $10.8M. Net income was offset by General/Admin. increase of 33% to $50M (expense), Provision for credit losses decrease of 21% to $22.3M (income). |
| Employees: | 890 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,740M as of Dec 31, 2023 |
| Annual revenue (TTM): | $340.01M as of Dec 31, 2023 |
| EBITDA (TTM): | $49.94M as of Dec 31, 2023 |
| Net annual income (TTM): | $45.34M as of Dec 31, 2023 |
| Free cash flow (TTM): | $237.42M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $2,560M as of Dec 31, 2023 |
| Shares outstanding: | 21,129,918 as of Mar 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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