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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Note 5. Goodwill and Other Intangible Assets, net Goodwill and Indefinite-Lived Intangible Asset Summary. 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, 2023 |  | $ | 147,058 |  |  | $ | 390,020 |
Foreign currency translation adjustment |  |  | (3,479 | ) |  |  | — |
Other adjustments |  |  | (300 | ) |  |  | — |
December 31, 2024 |  | $ | 143,279 |  |  | $ | 390,020 |
Additions (1) |  |  | 21,980 |  |  |  | — |
Foreign currency translation adjustment |  |  | 1,948 |  |  |  | — |
December 31, 2025 |  | $ | 167,207 |  |  | $ | 390,020 |
(1) In connection with the DealerClub Acquisition, the Company recorded goodwill in the amount of $22.0 million. For more information on the DealerClub Acquisition, see Note 3 (Business Combinations). Goodwill and Indefinite-Lived Intangible Asset Impairment Test. The Company performed impairment tests for goodwill and the indefinite-lived intangible asset. The Company performed a qualitative assessment that considers events and circumstances such as macroeconomic conditions, industry and market conditions, cost factors and overall financial performance, as well as company specific facts and circumstances. After performing this assessment, the Company concluded there were no indicators of impairment and therefore, the Company did not perform a quantitative test and did not record an impairment to goodwill or the indefinite-lived intangible asset during any of the three years ending December 31, 2025, 2024 and 2023. Definite Lived Intangible Assets. The Company’s definite-lived intangible assets by major asset class are as follows (in thousands):
|  | December 31, 2025 |  |  | December 31, 2024 |
|  | Weighted Average Remaining Useful Life (years) |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Customer relationships |  |  | 5.1 |  |  | $ | 859,086 |  |  | $ | (739,817 | ) |  | $ | 119,269 |  |  | $ | 857,733 |  |  | $ | (687,163 | ) |  | $ | 170,570 |
Acquired software |  |  | 2.2 |  |  |  | 85,508 |  |  |  | (71,917 | ) |  |  | 13,591 |  |  |  | 82,386 |  |  |  | (63,102 | ) |  |  | 19,284 |
Other trade names |  |  | 3.1 |  |  |  | 26,975 |  |  |  | (22,773 | ) |  |  | 4,202 |  |  |  | 26,941 |  |  |  | (21,125 | ) |  |  | 5,816 |
Content library |  |  | - |  |  |  | 2,100 |  |  |  | (2,100 | ) |  |  | — |  |  |  | 2,100 |  |  |  | (2,100 | ) |  |  | — |
Total |  |  |  |  | $ | 973,669 |  |  | $ | (836,607 | ) |  | $ | 137,062 |  |  | $ | 969,160 |  |  | $ | (773,490 | ) |  | $ | 195,670 |
As of December 31, 2025, projected annual amortization expense for amortizable intangible assets is as follows (in thousands):
2026 |  | $ | 41,534 |
2027 |  |  | 35,278 |
2028 |  |  | 29,085 |
2029 |  |  | 14,335 |
2030 |  |  | 2,292 |
Thereafter |  |  | 14,538 |
Total |  | $ | 137,062 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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