Overview

* Consumer Portfolio Services ( CPSS ) Q2 revenue rises 14.5%, beating analyst expectations

* Pretax income increases to $7.0 mln from $6.7 mln in prior year period

* Co achieves record high shareholder's equity, surpassing $300 mln

Result Drivers

* INTEREST INCOME - Increase in interest income contributed to revenue growth, per CEO Charles E. Bradley

* NEW CONTRACT PURCHASES - $433 mln in new contract purchases during qtr supported revenue rise

* OPERATING EFFICIENCIES - Improved earnings attributed to operating efficiencies and portfolio growth, per CEO Bradley

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $109.80 $109.60

Revenue mln mln (1

Analyst)

Q2 EPS $0.2

Q2 $102.80

Operatin mln

g

Expenses

Q2 $7 mln

Pretax

Profit

Analyst Coverage

* Wall Street's median 12-month price target for Consumer Portfolio Services Inc ( CPSS ) is $15.00, about 46.5% above its August 8 closing price of $8.02

* The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 4 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)