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EARNINGS PER SHARE (Tables) | 3 Months Ended
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Mar. 31, 2024
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:
Three Months Ended March 31, |  | Three Months Ended March 31, |  |
(in millions, except per share amounts) |  | 2024 |  | 2023 |  |  |  |
Net income attributable to Lithia Motors, Inc. and applicable to common stockholders |  | $ | 162.6 |  |  | $ | 228.7 |  |  |  |  |
Weighted average common shares outstanding – basic |  | 27.5 |  |  | 27.5 |  |  |  |  |
Effect of employee stock purchases and restricted stock units on weighted average common shares outstanding |  | 0.1 |  |  | — |  |  |  |  |
Weighted average common shares outstanding – diluted |  | 27.6 |  |  | 27.5 |  |  |  |  |
Basic earnings per share attributable to Lithia Motors, Inc. |  | $ | 5.90 |  |  | $ | 8.32 |  |  |  |  |
Diluted earnings per share attributable to Lithia Motors, Inc. |  | $ | 5.89 |  |  | $ | 8.30 |  |  |  |  |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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