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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 9,221.0 $ 8,277.0 $ 27,014.7 $ 23,368.0
Cost of sales:        
Total cost of sales 7,790.6 6,905.7 22,825.2 19,399.8
Gross profit 1,430.4 1,371.3 4,189.5 3,968.2
Finance operations income (loss) 0.9 (4.4) 6.4 (43.8)
Selling, general and administrative 943.6 850.8 2,853.0 2,458.1
Depreciation and amortization 63.5 50.8 183.6 146.4
Operating profit 424.2 465.3 1,159.3 1,319.9
Floor plan interest expense (76.6) (40.2) (214.0) (102.6)
Other interest expense, net (64.5) (58.5) (189.3) (141.5)
Other income (expense), net 5.1 (5.3) 35.4 6.8
Income before income taxes 288.2 361.3 791.4 1,082.6
Income tax provision (65.3) (96.4) (187.0) (287.0)
Net income 222.9 264.9 604.4 795.6
Net income attributable to non-controlling interest (1.2) (2.1) (3.8) (4.7)
Net income attributable to redeemable non-controlling interest (12.6) (1.3) (14.8) (3.6)
Net income attributable to Lithia Motors, Inc. $ 209.1 $ 261.5 $ 585.8 $ 787.3
Basic earnings per share attributable to Lithia Motors, Inc. common stockholders (in dollars per share) $ 7.82 $ 9.49 $ 21.57 $ 28.60
Shares used in basic per share calculations (in shares) 26.7 27.6 27.2 27.5
Diluted earnings per share attributable to Lithia Motors, Inc. common stockholders (in dollars per share) $ 7.80 $ 9.46 $ 21.54 $ 28.54
Shares used in diluted per share calculations (in shares) 26.8 27.6 27.2 27.6
Cash dividends paid per share (in dollars per share) $ 0.53 $ 0.50 $ 1.56 $ 1.42
New vehicle retail        
Revenues:        
Total revenues $ 4,430.0 $ 3,885.8 $ 12,847.9 $ 11,179.5
Cost of sales:        
Total cost of sales 4,123.6 3,526.9 11,925.4 10,099.6
Used vehicle retail        
Revenues:        
Total revenues 2,843.3 2,620.2 8,630.1 7,302.8
Cost of sales:        
Total cost of sales 2,654.4 2,431.2 8,062.9 6,735.4
Used vehicle wholesale        
Revenues:        
Total revenues 390.9 316.1 1,018.1 1,082.4
Cost of sales:        
Total cost of sales 393.0 322.1 1,020.7 1,091.9
Finance and insurance        
Revenues:        
Total revenues 360.4 349.4 1,061.9 1,005.6
Aftersales        
Revenues:        
Total revenues 1,012.8 838.0 2,876.3 2,378.8
Cost of sales:        
Total cost of sales 453.0 375.2 1,285.1 1,077.7
Fleet and other        
Revenues:        
Total revenues 183.6 267.5 580.4 418.9
Cost of sales:        
Total cost of sales $ 166.6 $ 250.3 $ 531.1 $ 395.2