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EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

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:


Nine Months Ended September 30,						Three Months Ended September 30,												Nine Months Ended September 30,
(in millions, except per share amounts)						2023						2022						2023						2022
Net income attributable to Lithia Motors, Inc. and applicable to common stockholders						$	261.5					$	329.6					$	787.3					$	1,003.4

Weighted average common shares outstanding – basic						27.6						27.5						27.5						28.5
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						27.6						27.6						27.6						28.6

Basic earnings per share attributable to Lithia Motors, Inc.						$	9.49					$	11.97					$	28.60					$	35.23
Diluted earnings per share attributable to Lithia Motors, Inc.						$	9.46					$	11.92					$	28.54					$	35.10