Laurie A. Straten
On July 18, 2024, the registrant’s Executive Vice President of Servicing and named executive officer, Laurie A. Straten, retired as Executive Vice President of Servicing.
Highest-materiality recent filing
CPSS Q1 2026 net income $5.5M, revenue $112.3M, portfolio record $3.94B
Net income $5.5M ($0.24 diluted EPS), up 18% vs $4.7M ($0.19) in Q1 2025.
CPS completes record $514M auto ABS securitization; largest in history
Issued $514.07M asset-backed notes secured by $526.17M subprime auto receivables.
CPS Q4 2025 net income $5.0M ($0.21/diluted); FY revenue record $434.5M
Q4 net income $5.0M ($0.21 diluted EPS) on revenues $109.4M (+3.9% YoY).
CPS closes $384.6M auto-loan securitization (2025-D); weighted avg coupon 5.72%
Issued five classes of notes secured by $392.46M in automobile receivables; fourth term securitization in 2025.
CPS enters $167.5M auto-receivables revolver with Capital One; draws $19.6M
Two-year facility via subsidiary Page Eleven Funding LLC; secured by auto receivables.
CPSS Q1 net income $4.7M ($0.19 EPS); revenue up 16.6% to $106.9M; record portfolio of $3.615B
Net income of $4.7M ($0.19 diluted EPS) vs $4.6M ($0.19) in Q1 2024.
CPS closes $65M securitization of residual interests from five prior securitizations
$65M asset-backed notes sold to a QIB, secured by 80% interest in a majority-owned affiliate holding residual interests.
CPS Q4 net income $5.1M, down 49% YoY; full-year EPS $0.79 vs $1.89 in 2023
Q4 revenues $105.3M (+14.5% YoY); net income $5.1M ($0.21/diluted) vs $10.0M in Q4 2023.
CPS closes $442.4M auto ABS securitization (2025-A) with triple-A rated senior notes
$442.4M of asset-backed notes secured by $462.5M in subprime auto receivables; five classes rated by S&P and DBRS.
CPS Q3 2024 revenue up 9.2% to $100.6M; net income $0.20 per share; portfolio hits record $3.33B
Revenue $100.6M (+9.2% YoY); net income $4.8M ($0.20 diluted EPS) vs $14.2M pretax in prior year.
CPS Q2 net income drops 66% to $4.7M ($0.19 EPS); revenue rises 13% to $95.9M
Net income $4.7M ($0.19 diluted EPS) vs $14.0M ($0.55) in Q2 2023, down 66%.
CPS renews $200M revolving credit facility with Citibank through July 2026
Revolving credit agreement with Citibank, N.A. renewed on July 11, 2024; maximum borrowing $200M at any time.
CPS closes $436.31M asset-backed securitization; weighted avg coupon 6.56%
Total notes of $436.31M secured by $460M in subprime auto receivables across 5 classes.
CPS Q1 2024 net income falls 67% YoY to $4.6M; charge-offs rise to 7.84%
Revenue $91.7M (+10.4% YoY); net income $4.6M ($0.19 diluted EPS) vs $13.8M ($0.54) prior year.
On July 18, 2024, the registrant’s Executive Vice President of Servicing and named executive officer, Laurie A. Straten, retired as Executive Vice President of Servicing.
Max materiality 0.75 · Median 0.50 · Most common event debt