Consumer Portfolio Service is a specialty finance company. Co. purchases and services retail automobile contracts originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks and passenger vans. Through its automobile contract purchases, Co. provides indirect financing to the customers of dealers who have limited credit histories or past credit problems. Co. also originates vehicle purchase money loans by lending directly to consumers and has acquired installment purchase contracts in four merger and acquisition transactions, and has purchased immaterial amounts of vehicle purchase money loans from non-affiliated lenders. We show 63 historical shares outstanding datapoints in our CPSS shares outstanding history coverage, used to compute CPSS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CPSS market cap history over the course of time is important for investors
interested in comparing CPSS's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CPSS versus a peer is one thing; comparing
CPSS market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CPSS can fluctuate over the course of history.
With this page we aim to empower investors researching CPSS by allowing them to research the CPSS market cap history. |
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Video: The Importance of Market Cap
