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Segment Information | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segment Information | Note 15. Segment Information Operating segments are components of an enterprise where separate financial information is available that is evaluated regularly by the chief operating decision maker (the "CODM"), or decision-making group, in deciding how to allocate resources and in assessing performance. The Company’s CODM is the Cars Commerce Chief Executive Officer. The CODM makes resource allocation decisions to maximize the Company’s consolidated financial results. No asset information is provided to the CODM. For the years ended December 31, 2024, 2023 and 2022, the Company had one operating and reportable segment. The Company's significant segment expenses are as follows:
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Revenue: |  |  |  |  |  |  |  |  |
Dealer |  | $ | 640,722 |  |  | $ | 621,661 |  |  | $ | 579,222 |
OEM and National |  |  | 65,894 |  |  |  | 55,904 |  |  |  | 58,557 |
Other |  |  | 12,536 |  |  |  | 11,618 |  |  |  | 16,097 |
Total revenue |  |  | 719,152 |  |  |  | 689,183 |  |  |  | 653,876 |
Operating expenses: |  |  |  |  |  |  |  |  |
Employee expense (1) |  |  | 237,943 |  |  |  | 227,047 |  |  |  | 204,080 |
Marketing and advertising |  |  | 112,134 |  |  |  | 116,766 |  |  |  | 113,020 |
Direct costs |  |  | 86,506 |  |  |  | 84,024 |  |  |  | 79,970 |
Hardware, software and supplies |  |  | 30,949 |  |  |  | 26,002 |  |  |  | 23,605 |
Stock-based compensation |  |  | 30,553 |  |  |  | 28,491 |  |  |  | 22,342 |
Depreciation and amortization |  |  | 107,182 |  |  |  | 101,000 |  |  |  | 94,394 |
Other (2) |  |  | 60,387 |  |  |  | 51,737 |  |  |  | 50,429 |
Total operating expenses |  |  | 665,654 |  |  |  | 635,067 |  |  |  | 587,840 |
Operating income |  |  | 53,498 |  |  |  | 54,116 |  |  |  | 66,036 |
Nonoperating income (expense), net |  |  | 8,365 |  |  |  | (36,011 | ) |  |  | (43,460 | )
Income before income taxes |  |  | 61,863 |  |  |  | 18,105 |  |  |  | 22,576 |
Income tax expense (benefit) |  |  | 13,675 |  |  |  | (100,337 | ) |  |  | 5,370 |
Net income |  | $ | 48,188 |  |  | $ | 118,442 |  |  | $ | 17,206 |
(1) Employee expense excludes stock-based compensation, which is shown separately, and earnout compensation related to the D2C Media Acquisition, which is included in Other. (2) Other primarily includes total lease cost, utilities, consulting and professional fees, earnout compensation related to the D2C Media Acquisition and travel and expense, training and conferences. For more information on the D2C Media earnout, see Note 3 (Business Combinations). For the years ended December 31, 2024, 2023 and 2022, the Company did not have any one customer that generated greater than 10% of total revenue. Substantially all revenue and long-lived assets were generated and located within the U.S.

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- Definition The entire disclosure for reporting segments including data and tables. 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