Shares of Consumer Portfolio Services Inc. (NASDAQ:CPSS) traded today at $14.79, eclipsing its 52-week high. This new high was reached on above average trading volume as 9.6 million shares traded hands, while the average 30-day volume is approximately 109,000 shares.
Consumer Portfolio Services Inc. (NASDAQ:CPSS) defies analysts with a current price ($10.94) 5.8% above its average consensus price target of $10.30.
In the past 52 weeks, shares of Consumer Portfolio Services Inc. have traded between the current low of $1.02 and a high of $14.77 and is now at $10.94.
Consumer Portfolio Services Inc is a US-based company operates in a specialty finance sector. Its business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and, to a lesser extent, by select independent dealers in the U.S. 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 having 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.
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