Monitor upcoming 10-Q for full quarterly financials. The presentation shows strong origination growth and portfolio expansion, but rising interest expenses and delinquencies warrant watching. The stable net interest margin and improving net charge-offs are positive, but the pretax income decline signals margin compression. The stock's 2.5x shareholder equity growth over 4 years supports a long-term bullish thesis, but near-term direction depends on the balance of these factors.
Price Chart
Executive Summary
Consumer Portfolio Services, Inc. (CPSS) filed an 8-K to make available an investor presentation as of March 31, 2026. The presentation highlights record origination volumes ($533.2M in Q1 2026, up 18% YoY), a growing managed portfolio ($4.06B), and increased net income ($5.6M, EPS $0.24 vs $0.19 last year). However, pretax income declined to $6.8M from $8.0M YoY, and core operating expenses rose to $44.3M vs $45.2M, while net interest margin remained stable at ~5.3%.
Key Facts
- Net income for Q1 2026 was $5.6M, up from $4.7M in Q1 2025.
- EPS (fully diluted) was $0.24 in Q1 2026, up from $0.19 in Q1 2025.
- Total managed portfolio reached $3.94B as of March 31, 2026, up from $3.61B a year ago.
- Auto contract purchases were $533.2M in Q1 2026, up from $451.2M in Q1 2025.
- Pretax income declined to $6.8M in Q1 2026 from $8.0M in Q1 2025.
- Interest income increased to $108.7M from $101.9M, but interest expense rose to $60.1M from $54.9M.
- Shareholders' equity was $314.4M at March 31, 2026, up from $309.5M at December 31, 2025.
- Annualized net charge-offs were 7.54% of total owned portfolio vs 8.57% a year ago.
- 30+ day delinquencies and repo inventory were 12.35% of total owned portfolio vs 11.58% a year ago.
Financial Impact
Q1 2026 net income rose to $5.6M from $4.7M YoY, while pretax income fell to $6.8M from $8.0M; total portfolio grew ~9% to $3.94B; originations up 18% to $533.2M.
Risk Factors
- Rising interest expenses could further compress net interest margin.
- Higher delinquencies (12.35% vs 11.58% YoY) indicate potential credit quality deterioration.
- Pretax income declined YoY despite revenue growth, signaling cost pressures.
- Subprime auto lending is sensitive to economic downturns and consumer credit conditions.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001683168-26-004165 |
| Document: cps_8k.htm | 0001683168-26-004165 |
| Document: 0001683168-26-004165-index-headers.html | 0001683168-26-004165 |
| Document: 0001683168-26-004165-index.html | 0001683168-26-004165 |
| Document: 0001683168-26-004165.txt | 0001683168-26-004165 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $9.90 $9.30 | ▼ −6.06% | ▼ −6.77% | $9.30 (−6.06%) |
Oct 22, 2026 4d ago | Press Release | $9.90 $9.30 | ▼ −6.06% | ▼ −6.77% | $9.30 (−6.06%) |
Oct 22, 2026 5d ago | Press Release | $9.25 $9.90 | ▲ +7.03% | ▲ +7.55% | $9.30 (+0.54%) |
Oct 21, 2026 5d ago | 8-K | $9.25 $9.90 | ▲ +7.03% | ▲ +7.55% | $9.30 (+0.54%) |
Oct 19, 2026 8d ago | Court Ruling | $8.97 $8.97 | · 0.00% | ▼ −0.53% | $9.30 (+3.68%) |
Oct 13, 2026 13d ago | 8-K | $9.07 $9.17 | ▲ +1.10% | ▲ +0.82% | $9.30 (+2.54%) |
Sep 30, 2026 26d ago | DEF 14A | $9.33 $9.09 | ▼ −2.57% | ▼ −3.31% | $9.30 (−0.32%) |
Sep 3, 2026 7w ago | Insider Cluster | $8.81 $9.40 | ▼ −6.70% | ▼ −7.08% | $9.30 (−5.56%) |
Aug 21, 2026 9w ago | 8-K | $9.30 $9.16 | ▼ −1.51% | ▼ −1.21% | $9.30 (+0.00%) |
Aug 4, 2026 11w ago | Press Release | $9.18 $9.57 | ▲ +4.25% | ▲ +4.41% | $9.30 (+1.31%) |
US Market Status
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