Consumer Portfolio Services, Inc. (CPSS) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone, and welcome to the Consumer Portfolio Services 2025 Second 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 evaluation of receivables because dependent on estimates of future events, but also forward-looking statements. All such forward-looking statements are subject to risks that could cause actual results to differ materially from those rejected. I refer you to the company's annual report filed March 12th for further clarification. The company assumes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. With us here, is Mr. Charles Bradley, Chief Executive Officer, Mr. Danny Barwani, Chief Financial Officer, and Mr. Mike Levine, President and Chief Operating Officer of Consumer Portfolio Services. I will now turn the call over to Mr. Bradley. Thank you, and welcome to our second quarter earnings call. You know, looking at the quarter, I think it's not quite business as usual, but we're continuing. We've kind of reached that new level in terms of originations. More recently, they're slightly flat, but still stronger than last year. So we've had a better first half this year than last year. The market appears to be a little cautious or flat currently, but nonetheless, we're on pace for a better year in originations this year than last year, and the second quarter shows that. We did just do another securitization, which as much as it was recently, we usually tal...