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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
Year Ended December 31,
($ in millions, except for per share amounts)
202320222021
Net income attributable to Lithia Motors, Inc. and applicable to common stockholders$1,000.8 $1,251.0 $1,060.1 
Weighted average common shares outstanding – basic27.5 28.2 28.8 
Effect of employee stock purchases and restricted stock units on weighted average common shares0.1 0.1 0.2 
Weighted average common shares outstanding – diluted 27.6 28.3 29.0 
Basic earnings per share attributable to Lithia Motors, Inc.$36.36 $44.38 $36.81 
Diluted earnings per share attributable to Lithia Motors, Inc.$36.29 $44.17 $36.54