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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 9,231.8 $ 8,111.5 $ 17,793.6 $ 15,091.0
Cost of sales:        
Total cost of sales 7,807.9 6,726.4 15,034.5 12,494.7
Gross profit 1,423.9 1,385.1 2,759.1 2,596.3
Finance operations income (loss) 7.2 (18.7) 5.4 (39.5)
Selling, general and administrative 975.2 842.2 1,909.5 1,606.6
Depreciation and amortization 62.3 48.4 120.0 95.6
Operating profit 393.6 475.8 735.0 854.6
Floor plan interest expense (76.6) (34.7) (137.3) (62.3)
Other interest expense, net (61.2) (43.9) (124.8) (83.0)
Other income, net 27.0 9.8 30.4 12.0
Income before income taxes 282.8 407.0 503.3 721.3
Income tax provision (66.2) (105.9) (121.8) (190.6)
Net income 216.6 301.1 381.5 530.7
Net income attributable to non-controlling interest (1.0) (1.8) (2.5) (2.5)
Net income attributable to redeemable non-controlling interest (1.4) (2.1) (2.3) (2.3)
Net income attributable to Lithia Motors, Inc. $ 214.2 $ 297.2 $ 376.7 $ 525.9
Basic earnings per share attributable to Lithia Motors, Inc. (in dollars per share) $ 7.88 $ 10.79 $ 13.77 $ 19.11
Shares used in basic per share calculations (in shares) 27.2 27.5 27.4 27.5
Diluted earnings per share attributable to Lithia Motors, Inc. (in dollars per share) $ 7.87 $ 10.78 $ 13.75 $ 19.08
Shares used in diluted per share calculations (in shares) 27.2 27.6 27.4 27.6
Cash dividends paid per share (in dollars per share) $ 0.53 $ 0.50 $ 1.03 $ 0.92
New vehicle retail        
Revenues:        
Total revenues $ 4,403.7 $ 4,014.7 $ 8,417.8 $ 7,293.6
Cost of sales:        
Total cost of sales 4,082.9 3,627.6 7,801.7 6,572.6
Used vehicle retail        
Revenues:        
Total revenues 2,986.0 2,455.1 5,786.8 4,682.6
Cost of sales:        
Total cost of sales 2,790.4 2,242.4 5,408.5 4,304.3
Used vehicle wholesale        
Revenues:        
Total revenues 289.5 403.9 627.2 766.3
Cost of sales:        
Total cost of sales 289.0 404.6 627.7 769.8
Finance and insurance        
Revenues:        
Total revenues 360.9 337.9 701.5 656.2
Service, body and parts        
Revenues:        
Total revenues 950.7 804.4 1,863.5 1,540.8
Cost of sales:        
Total cost of sales 421.3 360.5 832.1 702.5
Fleet and other        
Revenues:        
Total revenues 241.0 95.5 396.8 151.5
Cost of sales:        
Total cost of sales $ 224.3 $ 91.3 $ 364.5 $ 145.5