Consumer portfolio services sr. vice president sells $27,875 in stock By Investing.com

Crisp April, the Senior Vice President of Consumer Portfolio Services, Inc. (NASDAQ:CPSS), executed a notable transaction on December 12, 2024. April sold 2,500 shares of the company’s common stock at a price of $11.15 per share, amounting to a total of $27,875. This transaction followed the exercise of stock options, where April acquired 2,500 shares at a price of $2.47 each, totaling $6,175. After these transactions, April holds 17,212 shares in the company.The transaction comes as CPSS, with a market capitalization of $233.5 million, trades at a P/E ratio of 10.9. According to InvestingPro analysis, the company maintains a “GOOD” overall financial health score, and analysts have set an optimistic price target of $18 per share. For deeper insights into insider trading patterns and comprehensive financial analysis, investors can access the detailed Pro Research Report, available exclusively on InvestingPro.

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In other recent news, Consumer Portfolio Services has seen significant developments. The company reported a 9% year-over-year revenue increase in the third quarter of 2024, reaching $100.6 million. Despite a decrease in pre-tax earnings and net income to $6.9 million and $4.8 million respectively, origination volume surged by 38%.

Shareholders recently approved the re-election of the nine-member board of directors and ratified executive compensation. The company also expanded its credit facility from $200 million to $225 million, facilitated by Citibank, N.A, to bolster its auto loan financing business.

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Consumer Portfolio Services has also made operational improvements, such as reducing funding times and increasing same-day funding. The company has successfully integrated AI-driven tools into its operations. These are the recent developments in the company, highlighting the strategic direction and governance.

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