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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2025
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,
(in millions, except per share amounts)
2025
2024
Net income attributable to Lithia Motors, Inc.
$209.5
$162.6
Weighted average common shares outstanding – basic
26.3
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
26.4
27.6
Basic EPS attributable to Lithia Motors, Inc. common stockholders
$7.96
$5.90
Diluted EPS attributable to Lithia Motors, Inc. common stockholders
$7.94
$5.89