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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2025
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, 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).
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, 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

 

 

Projected Annual Amortization Expense for Amortizable Intangible Assets

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