CONSUMER PORTFOLIO SERVICES, INC.: insider trades · United States · SEC (Form 4)

About CONSUMER PORTFOLIO SERVICES, INC.

Consumer Portfolio Services, Inc. (CPSS) is a U.S.-listed company on the Nasdaq exchange in the United States (United States). The company operates in specialized auto finance, with a clear focus on non-prime and subprime retail automobile installment contracts. Its core business is to purchase contracts originated by licensed motor vehicle dealers across the country, then either hold them or service them, while funding growth through securitizations and warehouse credit facilities. In practical terms, CPSS sits at the intersection of credit underwriting, portfolio servicing, collections, and structured financing. ([sec.gov](https://www.sec.gov/Archives/edgar/data/889609/000168316826001856/cps_i10k-123125.htm)) Consumer Portfolio Services was incorporated in California on March 8, 1991 and began operations in 1991. The company’s principal executive offices are in Las Vegas, Nevada, while most of its operational and administrative functions are carried out in Irvine, California. It services automobile contracts from branches in California, Nevada, Virginia, Florida, and Illinois. That domestic footprint is important: CPSS is not an international lender, but rather a U.S.-focused specialty finance platform serving dealers and borrowers throughout the American market. ([sec.gov](https://www.sec.gov/Archives/edgar/data/889609/000168316826001856/cps_i10k-123125.htm)) From an operating-model perspective, CPSS is vertically integrated within its niche. It sources contracts primarily through franchised new-car dealers, though it also works with independent used-car dealers. The company describes its programs as aimed at a broad range of sub-prime customers, with dealer relationships supported by an exclusive sales force that trains dealers and presents the company’s purchase programs. As of December 31, 2025, CPSS reported thousands of dealer applications from 47 states, underscoring a national distribution network rather than a regionally concentrated lender. ([sec.gov](https://www.sec.gov/Archives/edgar/data/889609/000168316826001856/cps_i10k-123125.htm)) In competitive terms, CPSS occupies a recognizable position among U.S. specialty auto lenders. Its main differentiators are underwriting discipline, access to funding, and the ability to manage credit performance across cycles. Because the sub-prime auto finance segment is capital intensive, securitization execution and warehouse liquidity are key strategic variables. CPSS explicitly relies on long-term securitization funding and interim warehouse borrowing, which makes the company highly sensitive to capital market conditions and investor demand for asset-backed securities. ([sec.gov](https://www.sec.gov/Archives/edgar/data/889609/000168316826001856/cps_i10k-123125.htm)) Recent developments reinforce that financing access remains a central strategic priority. In March 2026, CPSS announced a $50.0 million securitization of residual interests with an 8.75% coupon, and in April 2026 it amended a revolving credit agreement with Capital One and a class B lender. Its latest annual filing also showed continued portfolio growth, with 2025 contract purchases of $1.64 billion and a managed portfolio of nearly $3.9 billion at year-end. For investors, that combination points to a business that is still expanding, but remains tightly exposed to credit quality, funding spreads, and used-car collateral values. ([sec.gov](https://www.sec.gov/Archives/edgar/data/889609/000168316826001493/cps_ex9901.htm))