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ACQUISITIONS (Tables) | 6 Months Ended
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Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, 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):
Six Months Ended June 30, | 2025
Revenue | $61.9
Operating income | 3.5
The following unaudited pro forma summary presents consolidated information as if all acquisitions in the three and six-month periods ended June 30, 2025 and 2024 had occurred on January 1, 2024:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In millions, except per share amounts) | 2025 |  | 2024 |  | 2025 |  | 2024
Revenue | $9,624.7 |  | $9,318.8 |  | $18,868.7 |  | $17,960.8
Net income attributable to Lithia Motors, Inc. | 260.1 |  | 219.5 |  | 473.5 |  | 387.0
Basic EPS attributable to Lithia Motors, Inc. common stockholders | 10.04 |  | 8.07 |  | 18.13 |  | 14.14
Diluted EPS attributable to Lithia Motors, Inc. common stockholders | 10.02 |  | 8.06 |  | 18.10 |  | 14.12
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 | $278.6
Total consideration transferred | $278.6
(In millions) | Assets Acquired and Liabilities Assumed
Inventories, net | $62.8
Property and equipment | 62.0
Operating lease right-of-use assets | 0.2
Other assets | 153.9
Operating lease liabilities | (0.2)
Other liabilities and deferred revenue | (0.1)
Total net assets acquired and liabilities assumed | $278.6

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