Consumer Portfolio Services (CPSS) is Reiterated by Compass Point to Neutral, Lowers Price Target to $ 5

Consumer Portfolio Services (CPSS) was Reiterated by Compass Point to “Neutral” while Lowering the Price Target of the company shares to $ 5 from a previous price target of $5.50 . Compass Point advised their investors in a research report released on Apr 27, 2016.

Many Wall Street Analysts have commented on Consumer Portfolio Services. Consumer Portfolio Services was Downgraded by JMP Securities to ” Mkt Perform” on Mar 16, 2016. Shares were Downgraded by Compass Point on Feb 25, 2016 to ” Neutral” and Lowered the Price Target to $ 5.50 from a previous price target of $9 .

Consumer Portfolio Services opened for trading at $4.28 and hit $4.46 on the upside on Friday, eventually ending the session at $4.4, with a gain of 3.29% or 0.14 points. The heightened volatility saw the trading volume jump to 50,692 shares. Company has a market cap of $111 M.

In a different news, on Dec 17, 2015, Chris Adams (director) purchased 13,000 shares at $5.03 per share price. According to the SEC, on Dec 1, 2015, Greg Washer (director) purchased 10,000 shares at $4.70 per share price. On Nov 9, 2015, Curtis K Powell (Sr. Vice President) sold 9,100 shares at $5.48 per share price, according to the Form-4 filing with the securities and exchange commission.

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 who have 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 who otherwise might not be able to obtain financing from traditional sources such as commercial banks credit unions and the captive finance companies affiliated with automobile manufacturers. It offers seven financing programs to its dealership customers: First Time Buyer Mercury/Delta Standard Alpha Alpha Plus Super Alpha and Preferred.

Consumer Portfolio Services

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