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 fiscal year ended 31 December 2023, Consumer Portfolio Services, Inc. revenues increased 8% to $340M. Net income decreased 47% to $45.3M. Revenues reflect Interest income increase of 8% to $329.2M, Other income increase of 17% to $10.8M. Net income was offset by General/Admin. increase of 33% to $50M (expense), Provision for credit losses decrease of 21% to $22.3M (income).