secwatch.observer — SEC 8-K summary
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Issuer:     CONSUMER PORTFOLIO SERVICES, INC. (CPSS)
CIK:        0000889609
Form:       8-K
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0001683168-24-007530
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPS Q3 2024 revenue up 9.2% to $100.6M; net income $0.20 per share; portfolio hits record $3.33B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889609/000168316824007530/0001683168-24-007530-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889609/000168316824007530/cps_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-007530

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