Consumer Portfolio Services reported third-quarter 2026 net income of $7.0 million, a 43% increase from the prior year period, driven by accelerating loan origination volume and strong operating leverage. Diluted earnings per share rose 50% to $0.30, while total revenue grew 22% to $131.9 million. New automobile contract purchases surged 109% year-over-year to $815.3 million, pushing the total owned portfolio to a record $4.71 billion. Delinquency rates contracted to 12.29%, and net recovery rates improved to 32%. The company also expanded its warehouse line of credit capacity by approximately 52% to $508 million and closed its largest asset-backed securitization in history. Consumer Portfolio Services is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems or limited credit histories.
