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EARNINGS PER SHARE | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE We calculate basic EPS by dividing net income attributable to Lithia Motors, Inc. by the weighted average number of common shares outstanding for the period, including vested RSU awards. Diluted EPS is calculated by dividing net income attributable to Lithia Motors, Inc. by the weighted average number of shares outstanding, adjusted for the dilutive effect of unvested RSU awards and employee stock purchases. The following is a reconciliation of net income attributable to Lithia Motors, Inc. and weighted average shares used for our basic EPS and diluted EPS:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In millions, except per share amounts) | 2025 |  | 2024 |  | 2025 |  | 2024
Net income attributable to Lithia Motors, Inc. | $256.1 |  | $214.2 |  | $465.6 |  | $376.7
Weighted average common shares outstanding – basic | 25.9 |  | 27.2 |  | 26.1 |  | 27.4
Effect of employee stock purchases and restricted stock units on weighted average common shares outstanding | — |  | — |  | 0.1 |  | —
Weighted average common shares outstanding – diluted | 25.9 |  | 27.2 |  | 26.2 |  | 27.4
Basic EPS attributable to Lithia Motors, Inc. common stockholders | $9.89 |  | $7.88 |  | $17.83 |  | $13.77
Diluted EPS attributable to Lithia Motors, Inc. common stockholders | $9.87 |  | $7.87 |  | $17.80 |  | $13.75
The effect of antidilutive securities on common stock was evaluated for the three and six-month periods ended June 30, 2025 and 2024 and was determined to be immaterial.

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