Consumer Portfolio Services, Inc. reported second quarter 2026 earnings with net income increasing 30% to $6.2 million, or $0.27 per diluted share, compared to $4.8 million in the prior year period. Revenues rose 10.6% to $121.4 million from $109.8 million, while pretax income grew 30% to $9.0 million. The company purchased $757.7 million of new contracts, a 75% increase year-over-year, bringing the total portfolio balance to $4.31 billion as of June 30, 2026. Delinquencies greater than 30 days decreased to 12.16% from 13.14%, and annualized net charge-offs improved to 7.28%. The company will host a conference call on August 5, 2026, to discuss these results. Consumer Portfolio Services is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems or limited credit histories.

Consumer Portfolio Services, Inc. completed its largest-ever securitization on July 22, 2026, through the issuance of $716.88 million in asset-backed notes by CPS Auto Receivables Trust 2026-C. The notes are secured by approximately $734.51 million of subprime automotive receivables. The transaction consists of five classes of notes with interest rates ranging from 4.52% for Class A to 7.65% for Class E, featuring a weighted average coupon of approximately 5.90%. Credit enhancement includes a 1.00% cash reserve account and 2.40% over-collateralization. The company acts as the servicer for the receivables. Consumer Portfolio Services, Inc. is a specialty finance company that provides indirect automobile financing to individuals with limited or impaired credit histories.

Consumer Portfolio Services, Inc. amended and renewed its revolving credit agreement with Citibank, N.A. as agent, increasing the facility capacity from $335 million to a maximum of $508 million. The facility is secured by automobile receivables and has a funding termination date of July 17, 2028. Consumer Portfolio Services, Inc. operates in the financial services industry, providing consumer financing solutions through automobile receivables management.