The accelerating origination volume (+109% YoY) combined with improving credit metrics (delinquencies down 167bps, charge-offs down 75bps) and expanded warehouse capacity ($508M) signals strong operating momentum. Monitor the Q4 2026 earnings call for guidance on whether this growth trajectory can be sustained and for any update on credit normalization as the portfolio ages.
Price Chart
Executive Summary
Consumer Portfolio Services reported a strong Q3 2026 with revenue of $131.9M (+22% YoY), net income of $7.0M (+43% YoY), and diluted EPS of $0.30 (+50% YoY). Loan originations surged 109% to $815M, the portfolio reached a record $4.71B, and credit metrics improved across delinquencies, charge-offs, and recovery rates. The company also expanded a warehouse line by 52% to $508M and closed its largest-ever ABS deal.
Key Financial Metrics
Key Facts
- Revenue of $131.9M in Q3 2026, up 22% from $108.4M in Q3 2025
- Net income of $7.0M, up 43% from $4.9M in Q3 2025
- Diluted EPS of $0.30, up 50% from $0.20 in Q3 2025
- Loan originations of $815.3M, up 109% from $391.1M in Q3 2025
- Total portfolio reached a record $4.71B, up 25% from $3.76B in Q3 2025
- Total delinquencies improved to 12.29% from 13.96% in Q3 2025
- Annualized net charge-offs improved to 7.26% from 8.01% in Q3 2025
- Net recovery rates improved to 32.0% from 28.7% in Q3 2025
- Warehouse line capacity increased to $508M from $335M (52% increase)
- Closed 110th securitization, the largest deal in company history
Financial Impact
Revenue +22% YoY to $131.9M, net income +43% to $7.0M, EPS +50% to $0.30
Risk Factors
- Rapid loan growth could pressure future credit quality as newer vintages season
- Interest expense rose 19% YoY to $70.5M, driven by higher borrowing to fund originations
- Subprime auto finance sector is sensitive to economic downturns and rising unemployment
- Dependence on securitization markets for funding; any disruption could impact growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001683168-26-008042 |
| Document: cps_8k.htm | 0001683168-26-008042 |
| Document: 0001683168-26-008042-index-headers.html | 0001683168-26-008042 |
| Document: 0001683168-26-008042-index.html | 0001683168-26-008042 |
| Document: 0001683168-26-008042.txt | 0001683168-26-008042 |
| 8-K Data (Synthetic) | 0001683168-26-008042 |
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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