earnings
confidence high
sentiment negative
materiality 0.75
CPS Q2 net income drops 66% to $4.7M ($0.19 EPS); revenue rises 13% to $95.9M
CONSUMER PORTFOLIO SERVICES, INC.
2024-Q2 EPS reported
$0.38
revenue$187,624,000
- Net income $4.7M ($0.19 diluted EPS) vs $14.0M ($0.55) in Q2 2023, down 66%.
- Revenue $95.9M, up 13% from $84.9M; pretax income $6.7M vs $18.6M.
- New contract purchases $431.9M, up 36% YoY; largest securitization in company history.
- Annualized net charge-offs 7.26% vs 6.29%; 30+ day delinquencies 13.29% vs 11.72%.
- Receivables $3.173B, up from $2.910B year ago.