---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-26-003193"
form_type: "8-K"
ticker: "CPSS"
cik: "0000889609"
company_name: "CONSUMER PORTFOLIO SERVICES, INC."
filed_at: "2026-04-24T23:59:59+00:00"
generated_at: "2026-05-15T04:21:19.848923+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CPS completes record $514M auto ABS securitization; largest in history

## Summary
- Issued $514.07M asset-backed notes secured by $526.17M subprime auto receivables.
- Five classes: A ($237.6M at 4.35%), B ($76.4M at 4.59%), C ($78.66M at 4.93%), D ($48.67M at 5.20%), E ($72.72M at 7.14%).
- Largest of 109 securitizations; first over $500M; weighted average coupon 5.51%.
- Senior class A rated Aaa/AAA by Moody's and DBRS Morningstar; initial credit enhancement 1.00% cash deposit + 2.30% overcollateralization.
- 59th senior subordinate securitization since 2011; 42nd consecutive triple-A on senior notes.

## SEC filing metadata
- accession: 0001683168-26-003193
- form_type: 8-K
- ticker: CPSS
- cik: 0000889609
- company_name: CONSUMER PORTFOLIO SERVICES, INC.
- filed_at: 2026-04-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/889609/000168316826003193/0001683168-26-003193-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889609/000168316826003193/cps_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-26-003193
- JSON: https://secwatch.observer/filing/0001683168-26-003193.json
- Plain text: https://secwatch.observer/filing/0001683168-26-003193.txt

## Key facts
- Debt Financings
  CONSUMER PORTFOLIO SERVICES, INC. incurred debt of $514.07 million at 4.35%, 4.59%, 4.93%, 5.20%, 7.14%.
  - Principal: $514.07 million
  - Rate: 4.35%, 4.59%, 4.93%, 5.20%, 7.14%
  - Event: incurrence
  source text: the Trust issued and sold $514.07 million of asset-backed Notes, in five classes (such Notes collectively, the “Notes”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/889609/000168316826003193/0001683168-26-003193-index.htm

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