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ACQUISITIONS (Tables) | 6 Months Ended
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Jun. 30, 2026
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 2026 acquisitions subsequent to the date of acquisition were as follows (in millions):
Six Months Ended June 30, | 2026
Revenue | $103.1
Operating income | 5.0
The following unaudited pro forma summary presents consolidated information as if all acquisitions in the three and six-month periods ended June 30, 2026 and 2025 had occurred on January 1, 2025:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In millions, except per share amounts) | 2026 |  | 2025 |  | 2026 |  | 2025
Revenue | $9,847.7 |  | $9,745.3 |  | $19,250.2 |  | $19,079.0
Net income attributable to Lithia Motors, Inc. | 261.6 |  | 259.7 |  | 364.3 |  | 472.1
Basic EPS attributable to Lithia Motors, Inc. common stockholders | 11.63 |  | 10.02 |  | 15.88 |  | 18.08
Diluted EPS attributable to Lithia Motors, Inc. common stockholders | 11.61 |  | 10.01 |  | 15.85 |  | 18.05
Schedule of Assets Acquired and Liabilities Assumed | The following tables summarize the consideration paid for the 2026 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 | $221.7
Total consideration transferred | $221.7
(In millions) | Assets Acquired and Liabilities Assumed
Accounts receivables, net | $3.9
Inventories, net | 37.7
Property and equipment | 86.9
Other assets | 139.8
Floor plan notes payable assumed | (12.1)
Trade payables | (2.5)
Finance lease obligations assumed | (23.3)
Other liabilities and deferred revenue | (8.7)
Total net assets acquired and liabilities assumed | $221.7

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