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EARNINGS PER SHARE | 6 Months Ended
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Jun. 30, 2026
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. We calculate diluted EPS 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) | 2026 |  | 2025 |  | 2026 |  | 2025
Net income attributable to Lithia Motors, Inc. | $260.0 |  | $256.1 |  | $360.4 |  | $465.6
Weighted average common shares outstanding – basic | 22.5 |  | 25.9 |  | 22.9 |  | 26.1
Effect of employee stock purchases and restricted stock units on weighted average common shares outstanding | — |  | — |  | 0.1 |  | 0.1
Weighted average common shares outstanding – diluted | 22.5 |  | 25.9 |  | 23.0 |  | 26.2
Basic EPS attributable to Lithia Motors, Inc. common stockholders | $11.56 |  | $9.89 |  | $15.71 |  | $17.83
Diluted EPS attributable to Lithia Motors, Inc. common stockholders | $11.54 |  | $9.87 |  | $15.68 |  | $17.80
We evaluated the effect of antidilutive securities on common stock for the three and six-month periods ended June 30, 2026 and 2025 and determined the effect to be immaterial.

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