Revenue Update on Consumer Portfolio Services(NASDAQ:CPSS)

Consumer Portfolio Services(NASDAQ:CPSS) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.26.

Consumer Portfolio Services (CPSS) made into the market gainers list on Wednesdays trading session with the shares advancing 3.88% or 0.19 points. Due to strong positive momentum, the stock ended at $5.09, which is also near the day’s high of $5.1. The stock began the session at $4.92 and the volume stood at 69,375 shares. The 52-week high of the shares is $6.0464 and the 52 week low is $3.31. The company has a current market capitalization of $121 M and it has 2,38,41,970 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Dec 17, 2015, Chris Adams (director) purchased 13,000 shares at $5.03 per share price.Also, On Dec 1, 2015, Greg Washer (director) purchased 10,000 shares at $4.70 per share price.On Nov 9, 2015, Curtis K Powell (Sr. Vice President) sold 9,100 shares at $5.48 per share price, according to the Form-4 filing with the securities and exchange commission.

Consumer Portfolio Services Inc. is a specialty finance company. The Company’s business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and by select independent dealers in the United States in the sale of new and used automobiles light trucks and passenger vans. Through its automobile contract purchases the Company provides indirect financing to the customers of dealers who have limited credit histories low incomes or past credit problems who it refers to as sub-prime customers. It serves as an alternative source of financing for dealers facilitating sales to customers who otherwise might not be able to obtain financing from traditional sources such as commercial banks credit unions and the captive finance companies affiliated with automobile manufacturers. It offers seven financing programs to its dealership customers: First Time Buyer Mercury/Delta Standard Alpha Alpha Plus Super Alpha and Preferred.

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