---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-26-005764"
form_type: "8-K"
ticker: "CPSS"
cik: "0000889609"
company_name: "CONSUMER PORTFOLIO SERVICES, INC."
filed_at: "2026-07-24T20:33:52+00:00"
generated_at: "2026-07-24T20:35:06.209051+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CPS closes $716.88M auto loan securitization, its largest ever

## Summary
- Issued $716.88M in asset-backed notes secured by $734.51M in subprime auto receivables.
- Five note classes: A ($317.3M, 4.52%), B ($99.9M, 4.84%), C ($113.1M, 5.05%), D ($81.5M, 5.72%), E ($105.0M, 7.65%).
- Weighted average coupon ~5.90%; senior class rated AAA by S&P and DBRS.
- Initial credit enhancement: 1.00% cash reserve plus 2.40% overcollateralization; target overcollateralization up to 7.70% of original pool.
- Third term securitization in 2026; 60th senior subordinate deal since 2011.

## SEC filing metadata
- accession: 0001683168-26-005764
- form_type: 8-K
- ticker: CPSS
- cik: 0000889609
- company_name: CONSUMER PORTFOLIO SERVICES, INC.
- filed_at: 2026-07-24T20:33:52+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/889609/000168316826005764/0001683168-26-005764-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889609/000168316826005764/cps_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-26-005764
- JSON: https://secwatch.observer/filing/0001683168-26-005764.json
- Plain text: https://secwatch.observer/filing/0001683168-26-005764.txt

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