LITHIA MOTORS INC Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||||||||
($ in millions, except for per share amounts) | 2025 | 2024 | 2023 | ||||||||||||||
| Net income attributable to Lithia Motors, Inc. and applicable to common stockholders | $ | 819.6 | $ | 796.7 | $ | 1,000.8 | |||||||||||
| Weighted average common shares outstanding – basic | 25.3 | 27.0 | 27.5 | ||||||||||||||
| Effect of employee stock purchases and restricted stock units on weighted average common shares | 0.1 | 0.1 | 0.1 | ||||||||||||||
| Weighted average common shares outstanding – diluted | 25.4 | 27.1 | 27.6 | ||||||||||||||
| Basic earnings per share attributable to Lithia Motors, Inc. | $ | 32.38 | $ | 29.51 | $ | 36.36 | |||||||||||
| Diluted earnings per share attributable to Lithia Motors, Inc. | $ | 32.32 | $ | 29.45 | $ | 36.29 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Feb 24, 2025 | |
| 2023 | Feb 23, 2024 | |
| 2022 | Feb 24, 2023 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.