CarGurus (NASDAQ: CARG) director makes open-market share purchase

Rhea-AI Filing Summary

CarGurus, Inc. director Stephen Kaufer reported an open-market purchase of 30,766.105 shares of Class A common stock. The weighted average purchase price was $32.5044 per share, with individual trades between $32.42 and $32.57. Following this transaction, he directly owns 323,939.105 shares.

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

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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^*

Kaufer Stephen

(Last) (First) (Middle)

1001 BOYLSTON STREET

16TH FLOOR

(Street)

BOSTON MA 02115

(City) (State) (Zip)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/03/2026		P		30,766.105	A	$32.5044(1)	323,939.105	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $32.42 to $32.57 per share, inclusive. Information regarding the number of shares purchased 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	03/04/2026
	** 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.

FAQ

What did CarGurus (CARG) director Stephen Kaufer report in this Form 4?

Stephen Kaufer reported buying 30,766.105 CarGurus Class A shares in an open-market transaction. The filing shows this as a direct ownership purchase, increasing his reported holdings to 323,939.105 shares after the transaction.

At what price did Stephen Kaufer buy CarGurus (CARG) shares?

The filing lists a weighted average price of $32.5044 per share for the purchase. Individual trades occurred at prices ranging from $32.42 to $32.57 per share, according to the transaction footnote.

How many CarGurus (CARG) shares does Stephen Kaufer own after this trade?

After the reported open-market purchase, Stephen Kaufer directly holds 323,939.105 shares of CarGurus Class A common stock. This total reflects his ownership immediately following the 30,766.105-share acquisition disclosed in the Form 4.

What type of transaction did Stephen Kaufer execute in CarGurus (CARG) stock?

The Form 4 describes the transaction as an open-market purchase of non-derivative Class A common stock. It is coded as a “P” transaction, indicating a standard purchase rather than an option exercise, gift, or other derivative-related activity.

How is the purchase price for Stephen Kaufer’s CarGurus (CARG) trade calculated?

The reported purchase price is a weighted average of multiple trades. Shares were bought in several transactions priced between $32.42 and $32.57 per share, producing the weighted average price of $32.5044 disclosed in the Form 4.