---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-006548"
form_type: "8-K"
ticker: "CPSS"
cik: "0000889609"
company_name: "CONSUMER PORTFOLIO SERVICES, INC."
filed_at: "2024-09-20T23:59:59+00:00"
generated_at: "2026-05-31T03:24:05.122550+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# CPSS closes $416.82M auto securitization, fourth term deal in 2024

## Summary
- Issued $416.82M in asset-backed notes via CPS Auto Receivables Trust 2024-D, secured by $436M in subprime auto receivables.
- Five note classes: A ($188.35M, 4.91%), B ($56.24M, 4.65%), C ($71.94M, 4.76%), D ($46.00M, 5.14%), E ($54.28M, 7.13%).
- Senior Class A rated AAA by S&P and DBRS; weighted average coupon ~5.52%.
- Initial credit enhancement: 1.00% cash reserve and 4.40% overcollateralization, stepping to 9.00% of pool or 25.60% of outstanding.
- Pre-funded structure: $298.42M receivables sold at close; $137.58M additional expected in October 2024.

## SEC filing metadata
- accession: 0001683168-24-006548
- form_type: 8-K
- ticker: CPSS
- cik: 0000889609
- company_name: CONSUMER PORTFOLIO SERVICES, INC.
- filed_at: 2024-09-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/889609/000168316824006548/0001683168-24-006548-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889609/000168316824006548/cps_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-006548
- JSON: https://secwatch.observer/filing/0001683168-24-006548.json
- Plain text: https://secwatch.observer/filing/0001683168-24-006548.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.