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Sub Prime Auto Lender Defies Market With 450% Return

|Includes: Consumer Portfolio Services, Inc. (CPSS)

Despite the collapse of the sub-prime lending market just a few years ago Consumer Portfolio Services, Inc. (NASDAQ:CPSS) has risen over 450% in the last calendar year. With strong financials and growth in the sub-prime auto lending market on its home turf in California, this stock shows no signs of slowing down for the foreseeable future. In recent press releases, the company indicates they are in the process of selling $45 million in receivables out of a total of $160 million of Senior Subordinate Asset-Backed Securitization. Approximately 85% of Consumer Portfolio Services, Inc. (CPSS) loans are rated as A2 by Moody's and A- or better by S&P Rating Agency.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.