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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in the Carrying Amount of Goodwill and Indefinite-lived Intangible Asset | The changes in the carrying amount of goodwill and indefinite-lived intangible asset are as follows (in thousands):
|  | Goodwill |  |  | Cars.com Trade name |
December 31, 2022 |  | $ | 102,856 |  |  | $ | 390,020 |
Additions (1) |  |  | 42,254 |  |  |  | — |
Foreign currency translation adjustment |  |  | 1,948 |  |  |  | — |
December 31, 2023 |  | $ | 147,058 |  |  | $ | 390,020 |
Foreign currency translation adjustment |  |  | (3,479 | ) |  |  | — |
Other adjustments (1) |  |  | (300 | ) |  |  | — |
December 31, 2024 |  | $ | 143,279 |  |  | $ | 390,020 |
(1) In connection with the D2C Media Acquisition, the Company recorded goodwill in the amount of $42.0 million. The D2C Media Acquisition related goodwill was preliminary as of December 31, 2023, and was subject to an immaterial purchase accounting adjustment in 2024. For more information on the acquisitions, see Note 3 (Business Combinations).
Definite-Lived Intangible Assets by Major Asset Class | The Company’s definite-lived intangible assets by major asset class are as follows (in thousands):
|  | December 31, 2024 |  |  | December 31, 2023 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Customer relationships |  | $ | 857,733 |  |  | $ | (687,163 | ) |  | $ | 170,570 |  |  | $ | 864,344 |  |  | $ | (624,204 | ) |  | $ | 240,140 |
Acquired software |  |  | 82,386 |  |  |  | (63,102 | ) |  |  | 19,284 |  |  |  | 83,138 |  |  |  | (54,990 | ) |  |  | 28,148 |
Other trade names |  |  | 26,941 |  |  |  | (21,125 | ) |  |  | 5,816 |  |  |  | 27,001 |  |  |  | (16,142 | ) |  |  | 10,859 |
Content library |  |  | 2,100 |  |  |  | (2,100 | ) |  |  | — |  |  |  | 2,100 |  |  |  | (2,100 | ) |  |  | — |
Total |  | $ | 969,160 |  |  | $ | (773,490 | ) |  | $ | 195,670 |  |  | $ | 976,583 |  |  | $ | (697,436 | ) |  | $ | 279,147 |
Projected Annual Amortization Expense for Amortizable Intangible Assets | As of December 31, 2024, projected annual amortization expense for amortizable intangible assets is as follows (in thousands):
2025 |  | $ | 62,215 |
2026 |  |  | 40,806 |
2027 |  |  | 34,550 |
2028 |  |  | 28,372 |
2029 |  |  | 13,698 |
Thereafter |  |  | 16,029 |
Total |  | $ | 195,670 |

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