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NET INCOME PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted The following is a reconciliation of net income and weighted average shares used for our basic earnings per share (EPS) and diluted EPS:
Three Months Ended September 30,20222021
(in millions, except per share amounts)Common StockCommon Stock
Net income attributable to Lithia Motors, Inc. and applicable to common stockholders - diluted$329.6 $307.9 
Weighted average common shares outstanding – basic27.5 30.3 
Effect of dilutive stock options on weighted average common shares0.1 0.2 
Weighted average common shares outstanding – diluted27.6 30.5 
Basic earnings per share attributable to Lithia Motors, Inc.$11.97 $10.18 
Diluted earnings per share attributable to Lithia Motors, Inc.$11.92 $10.11 
Nine Months Ended September 30,20222021
(in millions, except per share amounts)Common StockClass AClass B
Net income attributable to Lithia Motors, Inc. and applicable to common stockholders - basic$1,003.4 $768.4 $0.6 
Conversion of class B common shares into class A common shares— 0.6 — 
Net income attributable to Lithia Motors, Inc. and applicable to common stockholders - diluted$1,003.4 $769.0 $0.6 
Weighted average common shares outstanding – basic28.5 28.4 — 
Conversion of class B common shares into class A common shares— — — 
Effect of employee stock purchases and restricted stock units on weighted average common shares0.1 0.2 — 
Weighted average common shares outstanding – diluted 28.6 28.6 — 
Basic earnings per share attributable to Lithia Motors, Inc.$35.23 $27.12 $27.12 
Diluted earnings per share attributable to Lithia Motors, Inc.$35.10 $26.91 $26.91