Consumer Portfolio Services, Inc. (CPSS) Expected to Post Quarterly Sales of $110.31 Million

Consumer Portfolio Services, Inc. (CPSS) Expected to Post Quarterly Sales of $110.31 Million

According to Zacks, analysts expect that Consumer Portfolio Services will report full year sales of $110.31 million for the current fiscal year, with estimates ranging from $437.44 million to $451.16 million. For the next fiscal year, analysts forecast that the business will post sales of $447.48 million per share. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Consumer Portfolio Services.

Brokerages expect Consumer Portfolio Services, Inc. (NASDAQ:CPSS) to announce $110.31 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Consumer Portfolio Services’ earnings. The lowest sales estimate is $109.24 million and the highest is $111.38 million. Consumer Portfolio Services posted sales of $104.93 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.1%. The business is expected to report its next earnings results on Wednesday, July 26th.

CPSS has been the subject of several analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $6.00 target price on shares of Consumer Portfolio Services in a report on Wednesday, February 15th. Zacks Investment Research downgraded shares of Consumer Portfolio Services from a “hold” rating to a “sell” rating in a research note on Thursday, April 20th.

Shares of Consumer Portfolio Services (NASDAQ:CPSS) remained flat at $4.18 during mid-day trading on Friday. The stock had a trading volume of 34,482 shares. The stock has a market cap of $96.73 million, a PE ratio of 4.48 and a beta of 1.04. Consumer Portfolio Services has a 52 week low of $3.31 and a 52 week high of $6.05. The company’s 50 day moving average is $4.64 and its 200-day moving average is $4.92.

In other Consumer Portfolio Services news, insider Curtis K. Powell sold 7,004 shares of Consumer Portfolio Services stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $5.27, for a total transaction of $36,911.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Second Curve Capital Llc sold 10,000 shares of Consumer Portfolio Services stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $4.52, for a total transaction of $45,200.00. The disclosure for this sale can be found here. Insiders sold 37,004 shares of company stock valued at $179,861 over the last 90 days. 23.50% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Group AG increased its position in Consumer Portfolio Services by 1,213.0% in the first quarter. UBS Group AG now owns 24,882 shares of the credit services provider’s stock valued at $117,000 after buying an additional 22,987 shares during the period. Algert Global LLC increased its position in Consumer Portfolio Services by 12.1% in the first quarter. Algert Global LLC now owns 31,928 shares of the credit services provider’s stock valued at $150,000 after buying an additional 3,450 shares during the period. Hancock Holding Co. increased its position in Consumer Portfolio Services by 23.4% in the first quarter. Hancock Holding Co. now owns 37,570 shares of the credit services provider’s stock valued at $177,000 after buying an additional 7,120 shares during the period. Oxford Asset Management acquired a new position in Consumer Portfolio Services during the first quarter valued at approximately $230,000. Finally, Goldman Sachs Group Inc. increased its position in Consumer Portfolio Services by 0.6% in the first quarter. Goldman Sachs Group Inc. now owns 70,127 shares of the credit services provider’s stock valued at $330,000 after buying an additional 397 shares during the period. 46.48% of the stock is currently owned by hedge funds and other institutional investors.

Consumer Portfolio Services Company Profile

Consumer Portfolio Services, Inc is a specialty finance company. The Company’s business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CPSS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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