What is the market's earnings forecast for Consumer Portfolio next quarter?

What guidance did Consumer Portfolio's management provide for the next earnings period?

What were the key takeaways from Consumer Portfolio’s earnings call?

What does Consumer Portfolio do and what are its main business segments?

What is the revenue and EPS growth rate for Consumer Portfolio year over year?

What is Consumer Portfolio's latest dividend and current dividend yield?

What factors drove the changes in Consumer Portfolio's revenue and profit?

What were the key takeaways from Consumer Portfolio's earnings call?

- **Revenue Growth**: Q3 2025 revenue up 8% YoY to $108.4M, driven by fair value portfolio expansion.
- **Credit Improvement**: 2024-2025 vintages showing better performance, DQ rate 13.96%, recoveries improving.
- **Cost Efficiency**: Core expenses reduced to 4.5% of portfolio, headcount cut by 3%.
- **Liquidity Strength**: $151.9M cash, total debt up 11% to $3.4B, equity up 8%.
- **Future Outlook**: Positive with lower rates, returning securitization cash, and stable unemployment.

**CEO Opening Remarks**
- Modest growth in 2025 due to cautious credit tightening, with 2024-2025 vintages showing improved credit performance.
- 2022-2023 portfolio shrinking below 30% of total, freeing up capital for better-performing paper.
- Securitization completed despite market challenges, emphasizing liquidity and operational stability.
- Industry impact from Tricolor collapse, but company unaffected due to third-party custodian use.

**CFO Financial Commentary**
- Q3 2025 revenue: $108.4M (+8% YoY), fair value portfolio: $3.6B (11.4% yield).
- Expenses: $101.4M (+8% YoY), driven by securitization debt growth.
- Pretax income: $7M (flat YoY), net income: $4.9M (+2%), EPS: $0.20 (flat).
- Balance sheet: Cash $151.9M, total debt $3.4B (+11%), equity $307.6M (+8%).
- Net interest margin stable at $49.3M, core expenses 4.5% of portfolio (-4% YoY).

**COO Operational Highlights**
- Q3 originations: $391M, YTD: $1.275B (+4% YoY), 90% from franchise dealers.
- Capture rate improved to 6%, large dealer groups now 31% of originations.
- Funding time reduced to 1 day, OpEx 4.5% of portfolio (-3% headcount YoY).
- Credit metrics: DQ 13.96%, charge-offs 8.01%, recoveries improving for 2024-2025 vintages.
- Unemployment rate stable at 4.3%, no major defaults, positive outlook for 2026.

**CEO Closing Remarks**
- Positive outlook with lower interest rates, returning cash from maturing securitizations.
- Focus on improving credit performance and reducing operational costs.
- Expecting strong growth in 2026 as older vintages run off and new credit strategies bear fruit.

Consumer Portfolio Services, Inc.(CPSS)-20251111-2025 Q3 Earnings call transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

CPSS

CPSS fundamentals

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