CarGurus’ Steinert and trust sell 590 shares

Q: What CARG stock sales were reported on November 6, 2026?

The four reported sales totaled 590 shares: Langley Steinert directly sold 215 shares at a weighted average price of $37.4920 per share and 316 shares at $38.2058 per share; the trust sold 24 shares at $37.4920 and 35 shares at $38.2058 per share. The sales were effected pursuant to a Rule 10b5-1 trading plan.

Q: Who owned the CARG shares sold by the family trust?

The 24 and 35 Class A shares were owned directly by The Langley Steinert Irrevocable Family Trust dated June 21, 2004, whose beneficiaries are Steinert’s children. Langley Steinert may be deemed to have indirect ownership, but he expressly disclaimed beneficial ownership of those shares.

The trust shares were held for Langley Steinert’s children; he may be deemed to own them indirectly but expressly disclaimed beneficial ownership.

Available on EDGAR 11/09/2026 - 05:14 PM EST Accepted by SEC EDGAR 11/09/2026 - 05:13 PM EST

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Rhea-AI Filing Summary

CarGurus, Inc. Executive Chair Langley Steinert reported four sales of Class A common stock totaling 590 shares on November 6, 2026. He directly sold 215 shares at a weighted average price of $37.4920 per share and 316 shares at $38.2058 per share. The Langley Steinert Irrevocable Family Trust dated June 21, 2004 sold 24 shares at $37.4920 and 35 shares at $38.2058 per share; his children are beneficiaries, and Steinert disclaims beneficial ownership of the trust shares. The sales were effected pursuant to a Rule 10b5-1 trading plan.

Insider Trade Summary 10b5-1

Net Seller: 590 shares

Net Sell 4 txns

Insider Steinert Langley

Role Executive Chair

Sold 590 shs ($22K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock ^{F1, F2}	215	$37.492	$8K
Sale	Class A Common Stock ^{F1, F3}	316	$38.2058	$12K
Sale	Class A Common Stock ^{F1, F2, F4}	24	$37.492	$899.81
Sale	Class A Common Stock ^{F1, F3, F4}	35	$38.2058	$1K

Holdings After Transaction: Class A Common Stock — 881,375 shares (Direct); Class A Common Stock — 74,652 shares (Indirect, See Footnote)

Footnotes (4)

F1. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.00 to $37.99 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.
F3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.01 to $38.55 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.
F4. These shares are owned directly by The Langley Steinert Irrevocable Family Trust dated June 21, 2004, of which the Reporting Person's children are the beneficiaries. The Reporting Person may be deemed to have indirect ownership over such shares, but expressly disclaims beneficial ownership of such shares.

Key Figures

Class A common stock sold: 215 shares Class A common stock sold: 316 shares Class A common stock sold: 24 shares +1 more

4 metrics

Class A common stock sold 215 shares Langley Steinert direct sale on November 6, 2026; weighted average price $37.4920 per share.

Class A common stock sold 316 shares Langley Steinert direct sale on November 6, 2026; weighted average price $38.2058 per share.

Class A common stock sold 24 shares Trust sale on November 6, 2026; weighted average price $37.4920 per share.

Class A common stock sold 35 shares Trust sale on November 6, 2026; weighted average price $38.2058 per share.

Key Terms

Rule 10b5-1 trading plan, weighted average price, indirect ownership, beneficial ownership

4 terms

Rule 10b5-1 trading plan regulatory

"effected pursuant to a Rule 10b5-1 trading plan"

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

"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.

indirect ownership regulatory

"may be deemed to have indirect ownership over such shares"

beneficial ownership regulatory

"expressly disclaims beneficial ownership of such shares"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What CARG stock sales were reported on November 6, 2026?

The four reported sales totaled 590 shares: Langley Steinert directly sold 215 shares at a weighted average price of $37.4920 per share and 316 shares at $38.2058 per share; the trust sold 24 shares at $37.4920 and 35 shares at $38.2058 per share. The sales were effected pursuant to a Rule 10b5-1 trading plan.

Who owned the CARG shares sold by the family trust?

The 24 and 35 Class A shares were owned directly by The Langley Steinert Irrevocable Family Trust dated June 21, 2004, whose beneficiaries are Steinert’s children. Langley Steinert may be deemed to have indirect ownership, but he expressly disclaimed beneficial ownership of those shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

Steinert Langley

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/06/2026

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	11/06/2026		S⁽¹⁾		215	D	$37.492⁽²⁾	881,691	D
Class A Common Stock	11/06/2026		S⁽¹⁾		316	D	$38.2058⁽³⁾	881,375	D
Class A Common Stock	11/06/2026		S⁽¹⁾		24	D	$37.492⁽²⁾	74,687	I	See Footnote⁽⁴⁾
Class A Common Stock	11/06/2026		S⁽¹⁾		35	D	$38.2058⁽³⁾	74,652	I	See Footnote⁽⁴⁾

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 $37.00 to $37.99 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 $38.01 to $38.55 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.

4. These shares are owned directly by The Langley Steinert Irrevocable Family Trust dated June 21, 2004, of which the Reporting Person's children are the beneficiaries. The Reporting Person may be deemed to have indirect ownership over such shares, but expressly disclaims beneficial ownership of such shares.

	/s/ Suzanne Murray, as attorney-in-fact	11/09/2026
	** 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