earnings
confidence high
sentiment neutral
materiality 0.65
CPS Q3 2024 revenue up 9.2% to $100.6M; net income $0.20 per share; portfolio hits record $3.33B
CONSUMER PORTFOLIO SERVICES, INC.
2024-Q3 EPS reported
$0.58
revenue$288,203,000
- Revenue $100.6M (+9.2% YoY); net income $4.8M ($0.20 diluted EPS) vs $14.2M pretax in prior year.
- New contract purchases $445.9M, up 38% from $322.4M in Q3 2023; total portfolio $3.33B (record).
- Annualized net charge-offs 7.32% vs 6.86% YoY; delinquencies >30 days 14.04% vs 13.31% YoY.
- Pretax income fell to $6.9M from $14.2M in Q3 2023; total operating expenses rose to $93.7M from $77.9M.
- CEO cites fourth consecutive quarter of origination growth; conference call Nov 1.