Consumer Portfolio Services Appoints Gateway to Lead Expanded Investor Relations Program

LAS VEGAS, NV, April 03, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”), an independent specialty finance technology company that provides indirect automobile financing to individuals with past credit problems, low incomes or limited credit histories, has appointed Gateway Group, a leading strategic financial communications and capital markets advisory firm, to manage its expanded investor relations program initiatives, including providing corporate messaging and other consulting services to the Company.

Gateway will work closely with CPS management to develop and deploy a comprehensive outreach and communications program. Activities will include but are not limited to: refining overall company and investment-oriented messaging and corporate positioning; strategic advisory services; and introductions to institutional investors, sell-side analysts and other key contacts in the broader financial community. Gateway will also assist in organizing roadshows and securing invitations to select financial conferences, including its annual Gateway Conference.

Mike Lavin, President, Chief Operating Officer, and Chief Legal Officer stated: “As we advance into 2024, CPS is well-positioned to continue its growth trajectory, underscored by our strong performance in loan originations. In 2023, we processed 2.9 million applications and funded $1.36 billion in sub-prime auto contracts. This performance has expanded our total managed portfolio to $3.2 billion, marking the largest amount in our history. Our strategic investments in AI and machine learning have enhanced operational efficiency and fortified our ability to adapt to market changes and meet evolving consumer needs. The strong fundamentals of our business, particularly our reduced leverage across the portfolio, provide a solid foundation for sustainable growth. Additionally, our disciplined management of core operating expenses, even as we pursue portfolio expansion, is a testament to our operational excellence.”

“We’ve partnered with Gateway for its strong institutional relationships as well as the firm’s proven track record of driving successful outcomes for other high-growth, leading technology and finance companies. We look forward to working closely with the Gateway team to execute a comprehensive investor relations program that will allow us to improve our corporate profile, enhance our market position, and expand our shareholder base.”