NasdaqGM:CPSSConsumer Finance
Consumer Portfolio Services (CPSS) Stock Cheap Or A Value Trap After Q2 Growth?
Consumer Portfolio Services stock eased 1.4% to US$9.18 into Thursday’s close, even though the latest quarter delivered exactly what equity markets usually say they want from a specialist auto lender. Revenue reached about US$121.4 million with net income of US$6.2 million, and diluted earnings per share moved to US$0.27. The bigger story sits in the engine room of this business. Loan originations surged and returns on the managed portfolio improved, yet the share price barely flinched. That...