Overview

* Consumer Portfolio Services ( CPSS ) Q3 revenue grows 7.8% yr/yr but misses analyst expectations

* Company's pretax income for Q3 rises to $7.0 mln from $6.9 mln in 2024

* New contract purchases in Q3 total $391.1 mln, indicating strong origination volumes

Outlook

* Company did not provide specific guidance for future quarters in the statement

Result Drivers

* STRONG ORIGINATION VOLUMES - CEO Charles E. Bradley attributes revenue growth to strong new loan origination volumes

* INCREASED CONTRACT PURCHASES - New contract purchases for Q3 totaled $391.1 mln, contributing to revenue growth

* STABLE DELINQUENCIES - Delinquencies greater than 30 days slightly decreased to 13.96% from 14.04% in the previous year

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $108.40 $111.50

Revenue mln mln (1

Analyst)

Q3 $101.40

Operatin mln

g

Expenses

Q3 $7 mln

Pretax

Profit

Analyst Coverage

* Wall Street's median 12-month price target for Consumer Portfolio Services Inc ( CPSS ) is $15.00, about 42.2% above its November 7 closing price of $8.67

* The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 4 three months ago

Press Release:

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(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.)