Company description

CPSS, also known as Consumer Portfolio Services, is a publicly traded company with the ticker symbol CPSS. Headquartered in Irvine, California, the company was founded in 1991 and has since become a leading provider of indirect automobile financing for individuals with limited credit histories, low incomes, or past credit problems. The company's primary business involves purchasing and servicing retail installment sales contracts (RISCs) from automobile dealerships who primarily sell new and used cars to customers with subprime credit scores. CPSS offers a range of financing programs to help these individuals purchase vehicles, including subprime, deep subprime, and nonprime loans. In addition to automobile financing, CPSS also offers various services to its customers, such as loan servicing, collections, and warehouse financing for dealerships. The company prides itself on its competitive interest rates, flexible terms, and efficient processes, making it a popular choice among dealers and borrowers alike. CPSS has a successful track record of profitability, with consistent growth in revenue and net income over the years. It has also expanded its operations to include a presence in multiple states across the United States. With its strong focus on providing affordable financing options for those with less-than-perfect credit, coupled with its efficient and reliable services, CPSS has solidified its position as a leader in the subprime automobile financing industry. The company's commitment to its customers, shareholders, and employees has played a key role in its success and continues to drive