Consumer Portfolio Services (CPSS) Reports Q2 Earnings
More News related to CPSS
- CPS Announces New Servicing Portfolio
- Consumer Portfolio Services Announces New Credit Facility
- Consumer Portfolio Services, Inc. Receives Deficiency Notice From Nasdaq
- Consumer Portfolio Services (CPSS) Reports Large Q4 Loss
- Consumer Portfolio Services (CPSS) Beats Q3 By 3c
More News related to Earnings
- Goldman Sachs Downgrades CTCM, Upgrades CETV
- BB&T Capital & FBR Capital Downgrade Pike Electric (PIKE)
- Jefferies & Co Downgrades Opnext (OPXT) to Underperform
- RBC Downgrades Cbeyond (CBEY) to Underperform
- RBS Downgrades Barclays (BCS) to Hold
Consumer Portfolio Services, Inc. (Nasdaq: CPSS) reports Q2 EPS of $0.08, in-line with estimates. Total revenues were $98.8 million vs. $102.16 million consensus.
Annualized net charge-offs during the first half of 2008 were 6.75% of the average owned portfolio as compared to 4.60% during the same period in 2007. Delinquencies greater than 30 days (including repossession inventory) were 6.12% of the total owned portfolio as of June 30, 2008, as compared to 4.85% as of June 30, 2007.
Consumer Portfolio Services, Inc. (CPS) is engaged in purchasing and servicing retail automobile contracts originated primarily by franchised automobile dealers and, to a lesser extent, by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans.[SM]
Related Categories
EarningsStocks Mentioned
+0.00Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
