CARG Form 144: Insider Sales Recorded, 10,000 Shares Proposed for Sept 2025

Rhea-AI Filing Summary

CarGurus, Inc. (CARG) filed a Form 144 reporting proposed and recent sales of Class A common stock. The current notice shows a proposed sale of 10,000 Class A shares through Fidelity Brokerage Services with an aggregate market value of $360,800 and an approximate sale date of 09/16/2025. The shares were acquired as restricted stock that vested on 04/01/2021 and were received as compensation. The filer has recorded three prior sales in the past three months by Samuel Zales: 10,000 shares on 06/16/2025 for $310,900, 10,000 shares on 07/16/2025 for $338,800, and 10,000 shares on 08/01/2025 for $322,900. Several identification fields (such as filer CIK and full submission contact details) are not provided in the supplied text.

Positive

• Disclosure compliance: The Form 144 discloses acquisition details, broker, sale dates, and gross proceeds as required by Rule 144
• Prior sales documented: Three recent sales in June, July and August 2025 are reported with gross proceeds, improving transaction transparency

Negative

• Incomplete identification in provided extract: Filer CIK and submission contact details are not present in the supplied text
• Insider selling activity: Multiple recent dispositions and a proposed sale are reported, which may be viewed negatively by some investors

Insights

Securities Analyst

TL;DR: Routine insider sales disclosed under Rule 144; cumulative recent sales total 30,000 shares with an additional 10,000 proposed for September 2025.

The filing documents standard Rule 144 disclosures: the 10,000 proposed shares were issued as restricted stock vesting on 04/01/2021 and were compensation. The record of three prior sales by Samuel Zales in June, July and August 2025 shows realized gross proceeds of $310,900, $338,800 and $322,900 respectively. This is a compliance filing that notifies the market of planned and recent insider liquidity events but does not include transaction context such as intent or remaining holdings.

Corporate Governance Expert

TL;DR: The filing meets Rule 144 notice requirements but omits some filer identification fields in the provided extract.

The notice contains the required elements about the securities to be sold, acquisition date and nature (restricted stock vesting, 04/01/2021), broker details (Fidelity Brokerage Services) and recent sales by the same person. The signature/representation language regarding lack of undisclosed material adverse information is included. The supplied content does not show full filer CIK or submission contact data, which limits verification from this extract alone.

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	10000	360800.00	85043939	09/16/2025	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	04/01/2021	Restricted Stock Vesting	Issuer			10000	04/01/2021	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
Samuel Zales 1001 Boylston Street 16th Floor Boston MA 02115	Class A	06/16/2025	10000	310900.00
Samuel Zales 1001 Boylston Street 16th Floor Boston MA 02115	Class A	07/16/2025	10000	338800.00
Samuel Zales 1001 Boylston Street 16th Floor Boston MA 02115	Class A	08/01/2025	10000	322900.00

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 does the Form 144 for CarGurus (CARG) report?

The filing reports a proposed sale of 10,000 Class A shares via Fidelity with an aggregate market value of $360,800 and a proposed sale date of 09/16/2025.

When were the shares to be sold by the filer acquired?

The 10,000 shares were acquired on 04/01/2021 through restricted stock vesting and were received as compensation.

What recent insider sales are disclosed in the filing?

The filing lists three sales by Samuel Zales: 10,000 shares on 06/16/2025 for $310,900, 10,000 on 07/16/2025 for $338,800, and 10,000 on 08/01/2025 for $322,900.

Through which broker will the proposed sale be executed?

The proposed sale is through Fidelity Brokerage Services LLC, located at the address shown in the filing.

Does the filing include the filer’s representation about material information?

Yes, the notice includes the signature representation that the person does not know any undisclosed material adverse information regarding the issuer.

How many Class A shares outstanding does the filing list?

The filing shows 85,043,939 Class A shares outstanding.