Jackson Noel, serving as Senior Vice President at Consumer Portfolio Services Inc. (NASDAQ: CPSS), executed a complete divestment of his equity holdings in the company on June 16, 2026. The transaction involved the sale of 7,000 shares of common stock, generating a total proceeds value of approximately $67,406. The shares were liquidated at an average price point of $9.6295 per share.
The sale was structurally linked to the exercise of stock options for an equivalent number of shares on the same day. Mr. Noel acquired 7,000 shares through option exercise at a cost of $3.53 per share, totaling $24,710. These options originated from a grant of 30,000 options issued to compensate Mr. Noel for his services to the issuer. The grant was scheduled to vest in four equal installments of 7,500 shares each, spanning from August 8, 2020, to August 8, 2023. The options carried an expiration date of August 8, 2026.
Following the completion of these transactions, Mr. Noel holds no direct shares of Consumer Portfolio Services Inc. common stock. The insider activity unfolds as CPSS trades at $9.65, a level near its 52-week high of $10.49. According to InvestingPro analysis, the stock appears undervalued with a Fair Value estimate of $9.97. The company has delivered strong returns over the last three months and remains profitable over the last twelve months, according to InvestingPro Tips.
In other recent news, Consumer Portfolio Services reported its first-quarter 2026 earnings, highlighting significant growth in both revenue and earnings per share (EPS). The company experienced a 22% increase in EPS, reaching $0.24, alongside a 5% rise in revenue, totaling $112.3 million compared to the same quarter last year. These results indicate strong financial performance for CPS. Despite the positive earnings report, broader market uncertainties contributed to a cautious investor response. The company’s stock dipped in premarket trading, though this movement is not detailed further here.
No mergers or acquisitions were reported during this period. Additionally, there were no updates on analyst upgrades or downgrades for CPS. These developments reflect the company’s current financial standing and market perception. The stock closed at $9.65, representing a change of +0.070 (+0.73%). In after-hours trading, the stock showed no change at 16:01:46.