CPS Announces Fourth Quarter 2016 Earnings

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Jefferies Reiterates Buy Rating and $6 PT on Consumer Portfolio Services (CPSS) Following 4Q EPS Beat

February 15, 2017 8:06 AM EST

Jefferies analyst John Hecht reiterates Buy rating and $6 price target on Consumer Portfolio Services Inc. (NASDAQ: CPSS), as the company reported EPS above consensus, driven by provisions that were lower than projected.

Hecht comments, "CPSS reported 4Q16 EPS of $0.26 versus our $0.22 estimate and the... More