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ACQUISITIONS (Tables) | 3 Months Ended
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Mar. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Pro Forma Summary | Revenue and operating income contributed by the 2025 acquisitions subsequent to the date of acquisition were as follows (in millions):
Three Months Ended March 31, | 2025
Revenue | $16.8
Operating income | 0.8
The following unaudited pro forma summary presents consolidated information as if all acquisitions in the three- month periods ended March 31, 2025 and 2024 had occurred on January 1, 2024:
| Three Months Ended March 31,
(in millions, except per share amounts) | 2025 |  | 2024
Revenue | $9,191.6 |  | $8,590.4
Net income attributable to Lithia Motors, Inc. | 211.3 |  | 165.4
Basic EPS attributable to Lithia Motors, Inc. common stockholders | 8.03 |  | 6.01
Diluted EPS attributable to Lithia Motors, Inc. common stockholders | 8.01 |  | 6.00
Schedule of Assets Acquired and Liabilities Assumed | The following tables summarize the consideration paid for the 2025 acquisitions and the PPA for identified assets acquired and liabilities assumed as of the acquisition date:
(in millions) | Consideration
Cash paid, net of cash acquired | $84.5
Total consideration transferred | $84.5
(in millions) | Assets Acquired and Liabilities Assumed
Inventories, net | $14.5
Property and equipment | 21.9
Operating lease right-of-use assets | 0.2
Other assets | 48.1
Operating lease liabilities | (0.2)
Total net assets acquired and liabilities assumed | $84.5

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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