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Goodwill and Intangible Assets | 9 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Our acquisitions have resulted in the recording of goodwill and other identifiable intangible assets. Goodwill is an asset representing operational synergies and future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Intangible assets consist of internally developed software, domain names and other identifiable intangible assets, such as trade names, developed technologies, and customer relationships related to the acquisitions the Company has completed. The changes in goodwill and intangible assets are as follows:
| Goodwill |  |  | Trade Names |  | Developed Technologies |  | Customer Relationships |  | Domain Names |  | Internally Developed Software |  | Total Intangible Assets, net
($ in thousands) | Unamortized |  |  | Unamortized |  | Amortized |  | Amortized |  | Amortized |  | Amortized |  |
Net balance as of September 30, 2024 | $ | 336,602 |  |  |  | $ | 149,921 |  |  | $ | 3,964 |  |  | $ | 46,403 |  |  | $ | 1,750 |  |  | $ | 3,353 |  |  | $ | 205,391 |
Acquisitions and additions during the nine months ended June 30, 2025 | — |  |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,004 |  |  | 1,004 |
Other adjustments during the nine months ended June 30, 2025 | — |  |  |  | — |  |  | — |  |  | — |  |  | (72) |  |  | — |  |  | (72) |
Accumulated amortization for the nine months ended June 30, 2025 | — |  |  |  | — |  |  | (404) |  |  | (4,574) |  |  | (471) |  |  | (989) |  |  | (6,438) |
Net balance as of June 30, 2025 | $ | 336,602 |  |  |  | $ | 149,921 |  |  | $ | 3,560 |  |  | $ | 41,829 |  |  | $ | 1,207 |  |  | $ | 3,368 |  |  | $ | 199,885 |
Amortization expense is recorded in depreciation and amortization expense in the unaudited condensed consolidated statements of operations and was $2.1 million for the three months ended June 30, 2025 and 2024, which includes amortization expense of $0.4 million and $0.3 million for the three months ended June 30, 2025 and 2024, respectively, for internally developed software. Amortization expense was $6.4 million and $5.7 million for the nine months ended June 30, 2025 and 2024, respectively, which includes amortization expense of $1.0 million and $0.8 million for the nine months ended June 30, 2025 and 2024, respectively, for internally developed software. For internally developed software acquisitions and additions during the nine months ended June 30, 2025, the weighted average useful life is 3.7 years. The following table summarizes the expected amortization expense for the fiscal years 2025 through 2029 and thereafter ($ in thousands):
2025 (excluding the nine months ended June 30, 2025) | $ | 2,171 |
2026 | 8,684 |
2027 | 8,449 |
2028 | 6,733 |
2029 | 6,732 |
Thereafter | 17,195 |
| $ | 49,964 |
As of June 30, 2025 and September 30, 2024, the carrying value of goodwill totaled $336.6 million, of which $295.3 million was related to our Dealerships reporting segment and $41.3 million was related to our Distribution reporting segment.

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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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