Consumer Portfolio Services, Inc. (CPSS) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day everyone and welcome to the Consumer Portfolio Services 2026 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 valuation of receivables because dependent of estimates of future events are also our forward-looking statements. All such forward-looking statements are subject to risk and could cause actual results to differ materially from those projected. I refer you to the company's annual report filed March 16th, 2026 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 here is 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 will now turn the call over to Mr. Bradley. Thank you and welcome everyone to our second quarter earnings call. I think a good way to sort of start things off is last year we thought we were going to grow a lot. We really did a lot of things we thought would enable us to do that. And we didn't really see as much growth as we anticipated. And as we rolled into this year, we continued to work on a bunch of different things, investing in technology, looking at new technologies and new ways to do things. along with expanding our marketing so that we can grow. In March of this year, last month of the first quarter, it actually worked and things took off. The secon...