CarGurus CPO sells 8,957 shares at $38 under plan

CarGurus, Inc. (CARG) reported an insider transaction by Chief Product Officer Ismail Elshareef.

Rhea-AI Filing Summary

CarGurus, Inc. (CARG) reported an insider transaction by Chief Product Officer Ismail Elshareef. On 2026-08-14, he sold 8,957 shares of Class A common stock in an open-market transaction at $38.00 per share under a pre-arranged Rule 10b5-1 trading plan. Following this sale, he directly holds 133,737 shares of CarGurus Class A common stock.

Insider Trade Summary 10b5-1

Net Seller: 8,957 shares

Net Sell 1 txn

Insider Elshareef Ismail

Role Chief Product Officer

Sold 8,957 shs ($340K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F1	8,957	$38.00	$340K

Holdings After Transaction: Class A Common Stock — 133,737 shares (Direct)

Footnotes (1)

1. F1. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

Key Figures

Shares sold: 8,957 shares Sale price per share: $38.00 Shares owned after transaction: 133,737 shares

3 metrics

Shares sold 8,957 shares Class A Common Stock sold on 2026-08-14

Sale price per share $38.00 Open-market or private sale on 2026-08-14

Shares owned after transaction 133,737 shares Direct holdings of Class A Common Stock following the sale

Key Terms

Rule 10b5-1 trading plan, open market or private transaction, Class A Common Stock

3 terms

Rule 10b5-1 trading plan regulatory

"This sale was 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.

open market or private transaction financial

"Sale in open market or private transaction"

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.

FAQ

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

What insider transaction did CarGurus (CARG) disclose for Ismail Elshareef?

CarGurus disclosed that Chief Product Officer Ismail Elshareef sold 8,957 shares of Class A common stock on 2026-08-14 at $38.00 per share in an open-market transaction under a Rule 10b5-1 trading plan.

How many CarGurus (CARG) shares does Ismail Elshareef hold after this Form 4 transaction?

After the reported sale, Ismail Elshareef directly holds 133,737 shares of CarGurus Class A common stock. This figure reflects his position immediately following the 8,957-share open-market sale on 2026-08-14 disclosed in the Form 4.

What was the sale price in the latest CarGurus (CARG) insider Form 4?

The reported sale price was $38.00 per share for CarGurus Class A common stock. Chief Product Officer Ismail Elshareef sold 8,957 shares at this price in an open-market or private transaction on 2026-08-14.

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

Yes. The footnote states the sale was effected under a Rule 10b5-1 trading plan adopted by the reporting person. This indicates the 8,957-share transaction on 2026-08-14 was made pursuant to a pre-arranged trading plan.

Who is the insider involved in the latest CarGurus (CARG) Form 4 filing and what is his role?

The insider is Ismail Elshareef, who serves as Chief Product Officer of CarGurus, Inc. He reported selling 8,957 shares of Class A common stock at $38.00 per share on 2026-08-14 under a Rule 10b5-1 plan.

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

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Accepted by SEC EDGAR 08/18/2026 - 04:06 PM EDT Learn about SEC filing dates

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).

X

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^*

Elshareef Ismail

(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 Product Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/14/2026		S(1)		8,957	D	$38	133,737	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. This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

	/s/ Suzanne Murray, as attorney-in-fact	08/18/2026
	** 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)