CarGurus insider sale: 3,789 Class A shares proposed via Fidelity on NASDAQ

Rhea-AI Filing Summary

CarGurus insider Matthew Quinn reported a proposed sale of 3,789 Class A shares purchased via restricted stock vesting on 10/01/2025. The shares are to be sold through Fidelity Brokerage Services on NASDAQ around 10/02/2025 with an aggregate market value listed at $142,845.30 against 85,043,939 shares outstanding. The filing shows an earlier sale of 3,789 Class A shares on 07/02/2025 for $125,378.01. The securities were acquired as compensation and the filer attests to no undisclosed material adverse information.

Positive

• Clear disclosure of the sale transaction including broker, dates, and aggregate market value
• Transaction follows Rule 144 procedures with attestation about material nonpublic information
• Securities acquired as compensation via restricted stock vesting, with acquisition and payment dates documented
• Prior sale disclosed (3,789 shares on 07/02/2025), showing consistency in reporting

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine insider sale of vested restricted stock; size is immaterial versus outstanding shares.

The filing documents a typical sale under Rule 144: 3,789 Class A shares from restricted stock vesting, executed via a broker on NASDAQ. The aggregate value ($142,845) represents roughly 0.0045% of the 85,043,939 shares outstanding, indicating minimal market impact. The prior sale of an equal number of shares on 07/02/2025 suggests periodic liquidity events rather than a concentrated divestiture. Disclosure and broker routing align with standard compliance practices.

Corporate Governance Expert

TL;DR: Filing reflects compliant insider disposition with required attestations; no governance red flags evident.

The notice includes the required attestation regarding material nonpublic information and documents acquisition as restricted stock vesting with payment characterized as compensation. The use of a registered broker and explicit dates supports procedural adherence to Rule 144 and insider trading rules. No accelerated sales program or 10b5-1 plan date is indicated, and no material governance concerns are disclosed in the form itself.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	3789	142845.30	85043939	10/02/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A	10/01/2025	Restricted Stock Vesting	Issuer			3789	10/01/2025	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Matthew Quinn 1001 Boylston Street 16th Floor Boston MA 02115	Class A	07/02/2025	3789	125378.01

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What insider transaction did CarGurus (CARG) disclose in the Form 144?

Matthew Quinn filed to sell 3,789 Class A shares acquired via restricted stock vesting on 10/01/2025, to be sold around 10/02/2025 through Fidelity on NASDAQ.

What is the aggregate market value of the shares to be sold in the CARG Form 144?

The filing lists an aggregate market value of $142,845.30 for the 3,789 Class A shares.

How large is the proposed sale relative to CarGurus outstanding shares?

The company has 85,043,939 shares outstanding; the 3,789 shares represent approximately 0.0045% of outstanding shares.

Were the shares acquired as part of compensation or purchase for the CARG Form 144?

Yes. The securities were acquired by restricted stock vesting on 10/01/2025 and payment is listed as compensation.

Does the Form 144 indicate prior sales by the same person?

Yes. The filing discloses a prior sale of 3,789 Class A shares on 07/02/2025 for $125,378.01.