secwatch.observer — SEC 8-K summary
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Issuer:     CONSUMER PORTFOLIO SERVICES, INC. (CPSS)
CIK:        0000889609
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001683168-23-005233
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Consumer Portfolio Services Q2 net income falls to $14.0M from $25.3M; EPS $0.55 vs $0.91
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- Revenue rose 3.5% to $84.9M, but operating expenses jumped to $66.3M from $47.8M.
- New contract purchases dropped to $318.4M from $548.1M a year ago.
- Annualized net charge-offs increased to 6.29% from 3.51%; delinquencies >30 days rose to 11.72% from 9.71%.
- Loan portfolio grew to $2.91B from $2.56B a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889609/000168316823005233/0001683168-23-005233-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889609/000168316823005233/cps_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-005233

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer