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Property and Equipment, Net | 6 Months Ended
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Jun. 30, 2025
Property, Plant and Equipment [Abstract] |
Property and Equipment, Net | 5. Property and Equipment, Net As of June 30, 2025 and December 31, 2024, property and equipment, net consisted of the following:
|  | As of June 30, 2025 |  |  | As of December 31, 2024 |
Capitalized equipment |  | $ | 7,843 |  |  | $ | 7,880 |
Capitalized internal-use software |  |  | 20,404 |  |  |  | 20,060 |
Capitalized website development |  |  | 53,276 |  |  |  | 56,877 |
Furniture and fixtures |  |  | 10,307 |  |  |  | 13,960 |
Leasehold improvements |  |  | 85,890 |  |  |  | 95,691 |
Construction in progress |  |  | 133 |  |  |  | — |
Finance lease right-of-use assets |  |  | 89 |  |  |  | 155 |
|  |  | 177,942 |  |  |  | 194,623 |
Less accumulated depreciation and amortization |  |  | (47,643 | ) |  |  | (64,613 | )
Total |  | $ | 130,299 |  |  | $ | 130,010 |
During the six months ended June 30, 2025, capitalized internal-use software increased $344. The increase was primarily due to $3,317 of additions. The increase was offset in part by the write-off of $2,204 of fully depreciated Digital-Wholesale assets and $769 of impairments of the Digital Wholesale segment capitalized internal-use software. For further discussion of impairments, refer to Note 6 of the Unaudited Condensed Consolidated Financial Statements. During the six months ended June 30, 2025, capitalized website development costs decreased $3,601. The decrease was primarily due to the write-off of $13,396 of fully depreciated Digital Wholesale assets and $4,801 of impairments of the Digital Wholesale segment capitalized website development costs. The decrease was offset in part by additions of $14,596, related to continued net investment in the Company’s product offerings. For further discussion of impairments, refer to Note 6 of the Unaudited Condensed Consolidated Financial Statements. During the six months ended June 30, 2025, furniture and fixtures and leasehold improvements decreased $3,653 and $9,801, respectively, primarily due to disposals of fully depreciated assets within the U.S. Marketplace segment related to the expiration of the lease of office space at 55 Cambridge Parkway. During the six months ended June 30, 2025, accumulated depreciation decreased $16,970 due primarily to the write-off of accumulated depreciation related to the impairments of CarOffer reporting unit assets in the Digital Wholesale segment. The Company wrote off $2,204 and $13,396 of accumulated amortization related to the capitalized internal-use software costs and capitalized website development costs, respectively. For further discussion of impairments, refer to Note 6 of the Unaudited Condensed Consolidated Financial Statements. For the three months ended June 30, 2025 and 2024 and for the six months ended June 30, 2025 and 2024, depreciation and amortization expense, excluding amortization of intangible assets, amortization of capitalized hosting arrangements, disposals, and impairments, was $6,170, $4,906, $12,219, and $10,505, respectively.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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