Consumer Portfolio Services (CPSS) Reports Large Q4 Loss
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Consumer Portfolio Services, Inc. (Nasdaq: CPSS) reports a Q4 loss of $1.22 vs. consensus for a $0.40 loss. Total revenues for the fourth quarter of 2008 decreased were $74.6 million vs. $80.95 million consensus. (NOTE - only 1 analyst)
Consumer Portfolio Services, Inc. is a specialty finance company engaged in purchasing and servicing new and used retail automobile contracts originated primarily by franchised automobile dealerships and to a lesser extent by select independent dealers of used automobiles in the United States.[SM]
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