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Earnings Per Share | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
Earnings Per Share | NOTE 9. Earnings Per Share Basic earnings per share is calculated by dividing Net income by the weighted-average number of shares of the Company's common stock outstanding. Diluted earnings per share is similarly calculated, except that the c alculation includes the dilutive effect of the assumed issuance of shares under stock-based compensation plans, unless the inclusion of such shares would have an anti-dilutive impact. As part of the AccuTrade acquisition, the Company may have had to pay up to $15.0 million of the contingent consideration in shares of the Company's common stock at a future date. The performance period associated with this contingent consideration ended in February 2025, and given the contingency was not met, no shares were issued and have been excluded from the table below. As part of the DealerClub Acquisition, the Company may pay up to $88.0 million of the contingent consideration in shares of the Company's stock at a future date if mutually agreed upon. Those potential shares have been excluded from the computations below as they are contingently issuable shares, and the contingency to which the issuance relates was not met at the end of the reporting period. The computation of earnings per share is as follows (in thousands, except per share amounts):
| Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
| 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Net income | $ | 7,658 |  |  | $ | 18,719 |  |  | $ | 12,654 |  |  | $ | 30,884 |
Basic weighted-average common shares outstanding |  | 61,708 |  |  |  | 66,107 |  |  |  | 63,133 |  |  |  | 66,319 |
Effect of dilutive stock-based compensation awards (1) |  | 1,362 |  |  |  | 1,559 |  |  |  | 711 |  |  |  | 1,271 |
Diluted weighted-average common shares outstanding |  | 63,070 |  |  |  | 67,666 |  |  |  | 63,844 |  |  |  | 67,590 |
Earnings per share, basic | $ | 0.12 |  |  | $ | 0.28 |  |  | $ | 0.20 |  |  | $ | 0.47 |
Earnings per share, diluted |  | 0.12 |  |  |  | 0.28 |  |  |  | 0.20 |  |  |  | 0.46 |
(1) There we r e 1,124 and 28 potential common shares excluded from diluted weighted-average common shares outstanding for the three months ended September 30, 2025 and 2024, respectively, and 1,548 a nd 34 potential common shares excluded from diluted weighted-average common shares outstanding for the nine months ended September 30, 2025 and 2024, respectively, as their inclusion would have had an anti-dilutive effect.

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