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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues $ 8,277.0 $ 7,295.7 $ 23,368.0 $ 21,241.3
Cost of sales:        
Total cost of sales 6,905.7 5,981.5 19,399.8 17,298.0
Gross profit 1,371.3 1,314.2 3,968.2 3,943.3
Financing operations (loss) income (4.4) (4.6) (43.8) 3.7
Selling, general and administrative 850.8 754.2 2,458.1 2,291.3
Depreciation and amortization 50.8 40.5 146.4 115.0
Operating income 465.3 514.9 1,319.9 1,540.7
Floor plan interest expense (40.2) (10.7) (102.6) (19.4)
Other interest expense, net (58.5) (36.3) (141.5) (90.8)
Other income (expense), net (5.3) (12.2) 6.8 (36.6)
Income before income taxes 361.3 455.7 1,082.6 1,393.9
Income tax provision (96.4) (125.4) (287.0) (382.1)
Net income 264.9 330.3 795.6 1,011.8
Net (income) loss attributable to non-controlling interest (2.1) 0.5 (4.7) (3.9)
Net income attributable to redeemable non-controlling interest (1.3) (1.2) (3.6) (4.5)
Net income attributable to Lithia Motors, Inc. $ 261.5 $ 329.6 $ 787.3 $ 1,003.4
Basic earnings per share attributable to Lithia Motors, Inc. (in dollars per share) $ 9.49 $ 11.97 $ 28.60 $ 35.23
Shares used in basic per share calculations (in shares) 27.6 27.5 27.5 28.5
Diluted earnings per share attributable to Lithia Motors, Inc. (in dollars per share) $ 9.46 $ 11.92 $ 28.54 $ 35.10
Shares used in diluted per share calculations (in shares) 27.6 27.6 27.6 28.6
Cash dividends paid per share (in dollars per share) $ 0.50 $ 0.42 $ 1.42 $ 1.19
New vehicle retail        
Revenues:        
Total revenues $ 3,885.8 $ 3,306.9 $ 11,179.5 $ 9,619.4
Cost of sales:        
Total cost of sales 3,526.9 2,903.2 10,099.6 8,403.9
Used vehicle retail        
Revenues:        
Total revenues 2,620.2 2,465.8 7,302.8 7,197.0
Cost of sales:        
Total cost of sales 2,431.2 2,264.5 6,735.4 6,533.6
Used vehicle wholesale        
Revenues:        
Total revenues 316.1 363.2 1,082.4 1,131.5
Cost of sales:        
Total cost of sales 322.1 374.8 1,091.9 1,131.5
Finance and insurance        
Revenues:        
Total revenues 349.4 333.3 1,005.6 977.0
Service, body and parts        
Revenues:        
Total revenues 838.0 712.2 2,378.8 2,022.6
Cost of sales:        
Total cost of sales 375.2 328.0 1,077.7 945.9
Fleet and other        
Revenues:        
Total revenues 267.5 114.3 418.9 293.8
Cost of sales:        
Total cost of sales $ 250.3 $ 111.0 $ 395.2 $ 283.1