secwatch.observer — SEC 8-K summary
======================================

Issuer:     CONSUMER PORTFOLIO SERVICES, INC. (CPSS)
CIK:        0000889609
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001683168-24-005151
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPS Q2 net income drops 66% to $4.7M ($0.19 EPS); revenue rises 13% to $95.9M
-----------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889609/000168316824005151/0001683168-24-005151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889609/000168316824005151/cps_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-005151

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