Detail akcie Consumer Portfol online

Business Summary: 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 Summary: BRIEF: For the six months ended 30 June 2024, Consumer Portfolio Services, Inc. revenues increased 5% to $177.1M. Net income decreased 67% to $9.3M. Revenues reflect FINANCE SERVICES segment increase from $87.1M to $192.1M, Net Interest Margin - Total - % increase of 1% to 6.5%. Net income was offset by Provission decrease of 81% to $3.6M (income). Basic Earnings per Share excluding Extraordinary Items decreased from $1.35 to $0.44.