Consumer Portfolio Services, INC.: directors' dealings · United States · SEC (Form 4)

About Consumer Portfolio Services, INC.

Consumer Portfolio Services, Inc. (CPSS) is a U.S.-based specialty finance company listed on the NASDAQ Global Market in the United States. The company’s core business is the purchase and servicing of retail automobile contracts, sourced primarily from franchised auto dealers and, to a lesser extent, select independent dealers. In practical terms, CPS focuses on the non-prime/subprime auto financing niche, helping consumers finance the purchase of new and used automobiles, light trucks, and passenger vans. According to SEC disclosures, the company was incorporated and began operations in March 1991. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0000889609/000168316825008144/cps_i10q-093025.htm?utm_source=openai)) Operationally, CPS is more than a simple loan holder. Its business model is built around acquiring receivables, servicing them, and funding growth through securitization and other credit facilities. The company has also, at times, originated vehicle loans directly to consumers and acquired portfolios through merger-and-acquisition transactions. This makes CPS a classic specialty lender: performance depends heavily on underwriting discipline, funding costs, collection behavior, and investor demand for asset-backed securities tied to auto receivables. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0000889609/000168316825008144/cps_i10q-093025.htm?utm_source=openai)) From a competitive standpoint, CPS is a focused niche player rather than a broad consumer finance giant. Its differentiation comes from long-standing expertise in higher-risk auto credit, its ability to source dealer paper, and its access to recurring securitization markets. The company states that most of its revenue is interest income earned on contracts it has purchased, so portfolio yield, financing spreads, and credit performance are the main value drivers. ([sec.gov](https://www.sec.gov/Archives/edgar/data/889609/000168316826003607/cps_i10q-033126.htm?utm_source=openai)) Geographically, CPS operates exclusively in the United States, with exposure tied to the domestic auto credit market. For investors, that means the company is sensitive to U.S. interest rates, used-car values, borrower payment performance, and securitization market conditions. Recent disclosures show continued activity in portfolio growth and funding execution: in March 2026 CPS reported fourth-quarter 2025 net income of $5.0 million and total receivables of $3.779 billion at December 31, 2025, while in April 2026 it announced an amendment to a revolving credit agreement with Capital One and a Class B lender. These updates underscore how closely the company’s business remains linked to secured funding markets and portfolio management. ([sec.gov](https://www.sec.gov/Archives/edgar/data/889609/000168316826001649/cps_ex9901.htm?utm_source=openai))