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Earnings Per Share (Tables)
12 Months Ended
Dec. 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:
Year Ended December 31,
($ in millions, except for per share amounts)
202420232022
Net income attributable to Lithia Motors, Inc. and applicable to common stockholders$802.0 $1,000.8 $1,251.0 
Weighted average common shares outstanding – basic27.0 27.5 28.2 
Effect of employee stock purchases and restricted stock units on weighted average common shares0.1 0.1 0.1 
Weighted average common shares outstanding – diluted 27.1 27.6 28.3 
Basic earnings per share attributable to Lithia Motors, Inc.$29.71 $36.36 $44.38 
Diluted earnings per share attributable to Lithia Motors, Inc.$29.65 $36.29 $44.17