Consumer Portfolio Services, Inc. CPSS

Company Overview

Consumer Portfolio Services, Inc. (NASDAQ: CPSS) is a specialty finance company focused on indirect automobile financing in the United States. The company purchases and services retail installment sales contracts originated primarily through franchised and independent automobile dealerships. CPSS operates within the non-prime and subprime automotive lending industry, targeting consumers who may have limited credit history, prior credit impairments, or lower credit scores that make traditional bank financing less accessible.

The company’s primary revenue drivers include interest income from automobile receivables, servicing income, and gains associated with securitization transactions. CPSS is positioned as a niche lender with expertise in credit underwriting, loan servicing, and risk-based pricing for non-prime borrowers. Founded in 1991 and headquartered in Irvine, California, the company expanded through the growth of its dealer network and recurring access to asset-backed securitization markets, which have historically served as a key funding mechanism for its lending operations.