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EARNINGS PER SHARE (Tables) | 9 Months Ended
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Sep. 30, 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 September 30, |  | Nine Months Ended September 30,
(in millions, except per share amounts) | 2024 |  | 2023 |  | 2024 |  | 2023
Net income attributable to Lithia Motors, Inc. | $ | 209.1 |  |  | $ | 261.5 |  |  | $ | 585.8 |  |  | $ | 787.3 |
Weighted average common shares outstanding – basic | 26.7 |  |  | 27.6 |  |  | 27.2 |  |  | 27.5 |
Effect of employee stock purchases and restricted stock units on weighted average common shares outstanding | 0.1 |  |  | — |  |  | — |  |  | 0.1 |
Weighted average common shares outstanding – diluted | 26.8 |  |  | 27.6 |  |  | 27.2 |  |  | 27.6 |
Basic EPS attributable to Lithia Motors, Inc. common stockholders | $ | 7.82 |  |  | $ | 9.49 |  |  | $ | 21.57 |  |  | $ | 28.60 |
Diluted EPS attributable to Lithia Motors, Inc. common stockholders | $ | 7.80 |  |  | $ | 9.46 |  |  | $ | 21.54 |  |  | $ | 28.54 |

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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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