Consumer Portfolio Services Inc. (NASDAQ:CPSS) released its earnings results on Wednesday. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03.
CPSS has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Consumer Portfolio Services from a “sell” rating to a “hold” rating in a research report on Monday, May 2nd. Jefferies Group restated a “buy” rating on shares of Consumer Portfolio Services in a research report on Tuesday, April 26th. Finally, Compass Point cut their target price on Consumer Portfolio Services from $5.50 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday, April 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Consumer Portfolio Services presently has an average rating of “Hold” and a consensus price target of $5.25.
In related news, major shareholder Second Curve Capital Llc sold 37,000 shares of the stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $3.78, for a total value of $139,860.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
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.
