CarGurus (CARG) legal chief executes pre-planned 3,532-share stock sale

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

CarGurus, Inc. General Counsel and Secretary Javier Zamora reported open-market sales of a total of 3,532 shares of Class A Common Stock on June 26, 2026. The transactions were executed at weighted average prices around $32–33 per share and were carried out pursuant to a pre-established Rule 10b5-1 trading plan.

Both transactions involved direct ownership, and the filing indicates that Zamora continues to hold a meaningful direct equity position in CarGurus following these sales.

Insider Trade Summary 10b5-1

Net Seller: 3,532 shares ($115,253)

Net Sell 2 txns

Insider Zamora Javier

Role General Counsel and Secretary

Sold 3,532 shs ($115K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	3,367	$32.61	$110K
Sale	Class A Common Stock	165	$33.06	$5K

Holdings After Transaction: Class A Common Stock — 99,694 shares (Direct, null)

Footnotes (1)

This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.00 to $32.89 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the U.S. Securities and Exchange Commission, the Issuer or any security holder of the Issuer. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.035 to $33.10 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the U.S. Securities and Exchange Commission, the Issuer or any security holder of the Issuer.

Key Figures

Shares sold (total): 3,532 shares Sale block 1: 3,367 shares at $32.61 Sale block 2: 165 shares at $33.06 +2 more

5 metrics

Shares sold (total) 3,532 shares Open-market sales of Class A Common Stock on June 26, 2026

Sale block 1 3,367 shares at $32.61 Weighted average price, open-market sale on June 26, 2026

Sale block 2 165 shares at $33.06 Weighted average price, open-market sale on June 26, 2026

Lower price range $32.00–$32.89 Trade price range for one weighted-average sale

Higher price range $33.035–$33.10 Trade price range for the second weighted-average sale

Key Terms

Rule 10b5-1 trading plan, weighted average price, open-market sale, Class A Common Stock

4 terms

Rule 10b5-1 trading plan regulatory

"This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average price financial

"The reported price in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Class A Common Stock financial

"security_title: Class A Common Stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/29/2026 - 04:07 PM Accepted by SEC EDGAR 06/29/2026 - 04:06 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Zamora Javier

(Last)

(First)

(Middle)

1001 BOYLSTON STREET

16TH FLOOR

(Street)

BOSTON

MASSACHUSETTS

02115

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CarGurus, Inc. [ CARG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	General Counsel and Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	06/26/2026		S⁽¹⁾		3,367	D	$32.61⁽²⁾	99,694	D
Class A Common Stock	06/26/2026		S⁽¹⁾		165	D	$33.06⁽³⁾	99,529	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.00 to $32.89 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the U.S. Securities and Exchange Commission, the Issuer or any security holder of the Issuer.

3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.035 to $33.10 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the U.S. Securities and Exchange Commission, the Issuer or any security holder of the Issuer.

	/s/ Suzanne Murray, as attorney-in-fact	06/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did CarGurus (CARG) report for Javier Zamora?

CarGurus reported that General Counsel and Secretary Javier Zamora sold 3,532 shares of Class A Common Stock. The sales occurred in two open-market transactions on June 26, 2026, as disclosed in a Form 4 insider filing.

At what prices did Javier Zamora sell CarGurus (CARG) shares?

The reported sales used weighted average prices of $32.61 and $33.06 per share. Footnotes state the actual trades occurred in ranges from $32.00 to $32.89 and from $33.035 to $33.10 per share.

How many CarGurus (CARG) shares did Javier Zamora sell in total?

The Form 4 shows that Javier Zamora sold a total of 3,532 shares of CarGurus Class A Common Stock. This came from two open-market sale transactions of 165 shares and 3,367 shares, both dated June 26, 2026.

Were the CarGurus (CARG) insider sales under a Rule 10b5-1 plan?

Yes. A footnote explains that the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. Such plans pre-schedule trades, indicating these transactions were planned rather than discretionary market-timing decisions.

Does Javier Zamora still hold CarGurus (CARG) shares after these sales?

Yes. The Form 4 includes post-transaction share balances for the reporting person, indicating he retains a direct equity stake in CarGurus after the 3,532-share sale. The filing reflects continued direct ownership rather than a full exit.

What role does Javier Zamora hold at CarGurus (CARG)?

Javier Zamora is identified in the Form 4 as an officer of CarGurus, serving as General Counsel and Secretary. His position makes his equity transactions subject to SEC insider reporting requirements such as this Form 4.