Consumer Portfolio Services, Inc. (CPSS) Q1 2025 Earnings Call Transcript

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Q1 2025 Earnings Conference Call May 13, 2025 1:00 PM ET

Company Participants

Charles Bradley – CEO & Chairman
Denesh Bharwani – CFO & EVP
Michael Lavin – President, COO & Chief Legal Officer

Conference Call Participants

Operator

Good day, everyone, and welcome to the Consumer Portfolio Services 2025 First Quarter Operating Results Conference Call. Today’s call is being recorded. Before we begin, management has asked me to inform you that this conference call may contain forward-looking statements. Any statements made during this call that are not statements of historical facts may be deemed forward-looking statements. Statements regarding current or historical valuation of receivables because dependent on estimates of future events also are forward-looking statements. All such forward-looking statements are subject to risks that could cause actual results to differ materially from those projected.

I refer you to the company’s annual report filed March 12, for further clarification. The company assumes no obligation to update publicly any forward-looking statements, whether as a result of new information, further events or otherwise. With us today are Mr. Charles Bradley, Chief Executive Officer; Mr. Danny Bharwani, Chief Financial Officer; and Mr. Mike Lavin, President and Chief Operating Officer of Consumer Portfolio Services. I would now turn the call over to Mr. Bradley.

Charles Bradley

Thank you, and welcome to our first quarter conference call. I think the easy way to describe it, it’s off to a good start. First quarter went well, a little bit late on the call, but been busy. We had very strong originations to start the year, are up over $100 million. That bodes well for the rest of the year. I think our focus this year can be summed up as given the uncertainty in the economy and sort of all the noise, we want to grow and we are growing, but we want to do