CarGurus (CARG) CPO sells 567 shares under 10b5-1 plan

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

CarGurus, Inc. Chief People Officer Jennifer Ladd Hanson reported an open-market sale of 567 shares of Class A Common Stock at $33.04 per share on April 2, 2026. The sale was made under a pre-arranged Rule 10b5-1 trading plan, indicating it was scheduled in advance. After this transaction, she directly owns 96,432 shares, so the sale represents a small portion of her overall holdings.

Insider Trade Summary 10b5-1

Net Seller: 567 shares ($18,734)

Net Sell 1 txn

Insider Hanson Jennifer Ladd

Role Chief People Officer

Sold 567 shs ($19K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	567	$33.04	$19K

Holdings After Transaction: Class A Common Stock — 96,432 shares (Direct)

Footnotes (1)

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Key Figures

Shares sold: 567 shares Sale price: $33.04 per share Shares owned after sale: 96,432 shares +1 more

4 metrics

Shares sold 567 shares Open-market sale on April 2, 2026

Sale price $33.04 per share Class A Common Stock transaction price

Shares owned after sale 96,432 shares Direct holdings following transaction

Transactions classified as sales 1 transaction Form 4 transaction summary

Key Terms

Rule 10b5-1 trading plan, open-market sale, Class A Common Stock, Form 4

4 terms

Rule 10b5-1 trading plan financial

"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.

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

04/06/2026 - 04:27 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^*

Hanson Jennifer Ladd

(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)
	Chief People Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/02/2026

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	04/02/2026		S⁽¹⁾		567	D	$33.04	96,432	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.

	/s/ Suzanne Murray, as attorney-in-fact	04/06/2026
	** 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) disclose in this Form 4?

CarGurus disclosed that Chief People Officer Jennifer Ladd Hanson sold 567 shares of Class A Common Stock at $33.04 per share. The transaction was an open-market sale and was executed under a pre-arranged Rule 10b5-1 trading plan.

How many CarGurus (CARG) shares did the insider sell and at what price?

Jennifer Ladd Hanson sold 567 shares of CarGurus Class A Common Stock at $33.04 per share. This was reported as an open-market sale transaction, reflecting a relatively small trade compared with her remaining direct share ownership.

How many CarGurus (CARG) shares does the insider hold after the sale?

After the reported sale, Jennifer Ladd Hanson directly holds 96,432 shares of CarGurus Class A Common Stock. This indicates the 567-share sale was modest compared with her overall position and leaves her with a substantial remaining stake.

Was the CarGurus (CARG) insider sale made under a Rule 10b5-1 plan?

Yes. The filing states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. Such plans pre-schedule trades, which can make transaction timing less indicative of short-term views on the stock.

Who at CarGurus (CARG) executed the insider sale reported on this Form 4?

The sale was executed by Jennifer Ladd Hanson, who serves as Chief People Officer of CarGurus, Inc. She is an officer of the company and reported the transaction as a direct owner of the Class A Common Stock sold.

Is the CarGurus (CARG) insider transaction a buy or a sell?

The transaction is a sell. The Form 4 lists transaction code “S” and describes it as an open-market sale of 567 shares of Class A Common Stock, with shares held directly by the reporting officer after the trade.