Consumer Portfolio Services (NASDAQ:CPSS) declared that on December 18, 2020 it renewed its two-year revolving credit agreement with Citibank, N.A.
Loans under the renewed credit agreement will be secured by automobile receivables that CPS now holds, will originate directly, or will purchase from dealers in the future. CPS may borrow on a revolving basis through December 18, 2022, after which CPS will have the option to repay the outstanding loans in full or to allow them to amortize for a one-year period.
“We are pleased for this opportunity to continue to business with Citibank, with whom we have enjoyed a long and mutually beneficial relationship,” said Charles E. Bradley, Jr., President and Chief Executive Officer. “With this renewal we continue to maintain our strategy of having three $100 million warehouse lines with multi-year revolving commitments followed by amortization periods.”
Consumer Portfolio Services (NASDAQ:CPSS) spotted trading -16.99% off 52-week high price. On the other end, the stock has been noted 325.00% away from the low price over the last 52-weeks. The stock changed 0.12% to recent value of $4.25. The stock transacted 136659 shares during most recent day however it has an average volume of 143.86K shares. The company has 22.67M of outstanding shares and 14.07M shares were floated in the market.
Its earnings per share (EPS) expected to touch remained -62.20% for this year while earning per share for the next 5-years is expected to reach at 20.00%. CPSS has a gross margin of 66.60% and an operating margin of 11.80% while its profit margin remained 5.50% for the last 12 months.
According to the most recent quarter its current ratio was # ref that represents company’s ability to meet its current financial obligations. The price moved ahead of 5.28% from the mean of 20 days, 4.37% from mean of 50 days SMA and performed 36.43% from mean of 200 days price. Company’s performance for the week was 5.72%, 10.10% for month and YTD performance remained 26.11%.