CPS Q3 Net Income Rises to $6.95M as Loan Purchases More Than Double
CPSS sits 36% above its 52-week low of $7.46.
Summary
CPS reported Q3 net income of $6.95 million, or $0.30 a diluted share, on 21.7% revenue growth driven by $815.3 million of contract purchases, with improving charge-off and delinquency rates against a $4.41 billion debt load.
Key Events · Earnings and Guidance · CPSS
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Q3 Net Income $6.95 Million
Diluted EPS of $0.30 versus $0.20 a year earlier; nine-month net income was $18.7 million, or $0.80 diluted, versus $14.3 million.
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Contract Purchases More Than Double
Q3 purchases of $815.3 million versus $391.1 million a year earlier lifted the managed portfolio to $4,840.9 million from $3,898.4 million.
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Credit Metrics Improve Year Over Year
Annualized net charge-offs fell to 7.26% of the average servicing portfolio from 8.01%, and total delinquencies plus repossession fell to 13.49% from 15.36%.
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Debt Load Grows With the Portfolio
Total debt reached $4,413.9 million at September 30, 2026, including $3,458.5 million of securitization trust debt and $735.8 million of warehouse lines; interest expense was $70.5 million in the quarter.
Analysis · CPSS · Finance
CPS earned $6.95 million in Q3, or $0.30 a diluted share, up from $4.85 million a year earlier, on revenue of $131.9 million. Volume is the growth engine: contract purchases more than doubled to $815.3 million in the quarter and reached $2.1 billion for nine months, pushing the managed portfolio to $4.84 billion from $3.90 billion. Credit is holding up better than a year ago, with annualized net charge-offs at 7.26% of the average portfolio versus 8.01% and total delinquencies plus repossession at 13.49% versus 15.36%. The trade-off is leverage: total debt is $4.41 billion, including $3.46 billion of securitization trust debt and $735.8 million of warehouse lines, and interest expense of $70.5 million consumed 57.9% of operating expenses. Management kept buying back stock, repurchasing 404,908 shares in the quarter at an average $9.40 and leaving $9.8 million of authorization, and has since upsized the Capital One warehouse line to $518 million and closed a $767.85 million securitization on October 21.
How filings like this one have moved
In the 30 days to Oct 30, 2026, 30.5% of the 1545 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, CPSS was trading at $10.17 on NASDAQ in the Finance sector, with a market capitalization of approximately $222.8M. The 52-week trading range was $7.46 to $10.49. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.