CONSUMER PORTFOLIO SERVICES, INC. (NASDAQ:CPSS) Files An 8-K Results of Operations and Financial ConditionITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On July 24, 2017, the registrant announced its earnings for the quarter ended June 30, 2017.A copy of the announcement is attached as an exhibit to this report.
As disclosed in the announcement, the registrant hosted a conference call on Tuesday, July 25, 2017, to discuss its results of operation and financial condition.
A replay of the conference call will be available through August 1, 2017, by dialing 855 859-2056 or 404 537-3406, with conference identification number 54724137. A broadcast of the conference call will also be available live and for 90 days after the call via the Company’s web site at www.consumerportfolio.com.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
One exhibits is included in this report:
99.1News release re earnings.
CONSUMER PORTFOLIO SERVICES INC ExhibitEX-99.1 2 cps_ex9901.htm NEWS RELEASE RE EARNINGS Exhibit 99.1 NEWS RELEASE CPS ANNOUNCES SECOND QUARTER 2017 EARNINGS §Pretax income of $8.0 million §Net income of $4.6 million,…To view the full exhibit click here
About CONSUMER PORTFOLIO SERVICES, INC. (NASDAQ:CPSS)
Consumer Portfolio Services, Inc. is a specialty finance company. The Company’s business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans. Through its automobile contract purchases, the Company provides indirect financing to the customers of dealers having limited credit histories, low incomes or past credit problems, who it refers to as sub-prime customers. It serves as an alternative source of financing for dealers, facilitating sales to customers. The Company offers approximately eight financing programs to its dealership customers and prices each program according to the relative credit risk. Its financing programs are Bravo, First Time Buyer, Mercury/Delta, Standard, Alpha, Alpha Plus, Super Alpha and Preferred.
