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 Video: What is a Stock Split?
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| 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. According to our Consumer Portfolio Services stock split history records, Consumer Portfolio Services has had 1 split. | |
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Consumer Portfolio Services (CPSS) has 1 split in our Consumer Portfolio Services stock split history database. The split for CPSS took place on March 15, 1996. This was a 2 for 1
split, meaning for each share of CPSS owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as Consumer Portfolio Services splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the Consumer Portfolio Services stock split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Consumer Portfolio Services shares, starting with a $10,000 purchase of CPSS, presented on a split-history-adjusted basis factoring in the complete Consumer Portfolio Services stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/18/2024 |
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| Start price/share: |
$7.57 |
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| End price/share: |
$8.64 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
14.13% |
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| Average Annual Total Return: |
1.33% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,412.08 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 03/15/1996 | 2 for 1
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