The stock of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) is a huge mover today! The stock increased 5.75% or $0.28 on November 29, hitting $5.15. About 124,722 shares traded hands or 118.51% up from the average. Consumer Portfolio Services, Inc. (NASDAQ:CPSS) has risen 15.95% since April 26, 2016 and is uptrending. It has outperformed by 10.69% the S&P500.
The move comes after 5 months positive chart setup for the $124.06 million company. It was reported on Nov, 29 by Barchart.com. We have $5.46 PT which if reached, will make NASDAQ:CPSS worth $7.44M more.
Analysts await Consumer Portfolio Services, Inc. (NASDAQ:CPSS) to report earnings on February, 28. They expect $0.22 earnings per share, down 24.14% or $0.07 from last year’s $0.29 per share. CPSS’s profit will be $5.30 million for 5.85 P/E if the $0.22 EPS becomes a reality. After $0.26 actual earnings per share reported by Consumer Portfolio Services, Inc. for the previous quarter, Wall Street now forecasts -15.38% negative EPS growth.
Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Ratings Coverage
Out of 2 analysts covering Consumer Portfolio Services (NASDAQ:CPSS), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Consumer Portfolio Services has been the topic of 2 analyst reports since February 25, 2016 according to StockzIntelligence Inc. The rating was downgraded by Compass Point to “Neutral” on Thursday, February 25. As per Wednesday, March 16, the company rating was downgraded by JMP Securities.
According to Zacks Investment Research, “CONSUMER PORTFOLIO SERVICES is a consumer finance company that specializes in purchasing, selling, and servicing contracts with purchases of vechicles who are sub prime borrowers and are unable to obtain credit from traditional sources.”
Insitutional Activity: The institutional sentiment increased to 0.75 in Q2 2016. Its up 0.17, from 0.58 in 2016Q1. The ratio is positive, as 5 funds sold all Consumer Portfolio Services, Inc. shares owned while 21 reduced positions. 3 funds bought stakes while 12 increased positions. They now own 11.29 million shares or 4.34% less from 11.80 million shares in 2016Q1.
Nordea Invest Management reported 99,600 shares or 0% of all its holdings. Invesco has invested 0% of its portfolio in Consumer Portfolio Services, Inc. (NASDAQ:CPSS). Clarivest Asset Mgmt Llc last reported 99,600 shares in the company. Moreover, Second Curve Capital Llc has 6.9% invested in Consumer Portfolio Services, Inc. (NASDAQ:CPSS) for 2.37 million shares. The Massachusetts-based Thomaspartners Inc has invested 0% in Consumer Portfolio Services, Inc. (NASDAQ:CPSS). Bridgeway Capital accumulated 571,150 shares or 0.03% of the stock. Summit Secs Gp Limited Liability Corporation owns 17,392 shares or 0.04% of their US portfolio. Susquehanna Group Limited Liability Partnership holds 0% or 18,372 shares in its portfolio. Blackrock Institutional Tru Na, a California-based fund reported 1.27 million shares. Geode Mngmt Limited Liability Com has 88,194 shares for 0% of their US portfolio. Qs Invsts Ltd Liability Co has 114,696 shares for 0% of their US portfolio. Leisure Cap Management owns 60,324 shares or 0.25% of their US portfolio. Blackrock Fund Advsr holds 55,416 shares or 0% of its portfolio. Parametric Portfolio Limited last reported 89,137 shares in the company. Spark Invest Limited Liability Corp last reported 48,900 shares in the company.
CPSS Company Profile
Consumer Portfolio Services, Inc., incorporated on March 8, 1991, 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. Through its automobile contract purchases, the Company provides indirect financing to the clients of dealers having limited credit histories, low incomes or past credit problems, who it refers to as sub-prime customers. It serves as an alternative source of financing for dealers, facilitating sales to customers. In addition to purchasing installment purchase contracts directly from dealers, the Company also acquires installment purchase contracts in over four merger and acquisition transactions; purchases vehicle purchase money loans from non-affiliated lenders, and directly originates an immaterial amount of vehicle purchase money loans by lending money directly to consumers.
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