Welcome to our dedicated page for CarGurus SEC filings (Ticker: CARG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
CarGurus filings document the regulatory record for an online automotive marketplace listed on the Nasdaq Global Select Market, with recent 8-K reports furnishing quarterly and annual results from continuing operations. These filings cover revenue, GAAP net income, adjusted EBITDA, share repurchase activity and management's operating commentary for its consumer and dealer platform.
Proxy materials disclose board elections, executive compensation, equity awards and shareholder voting matters. Other material-event filings address capital-allocation actions and exit or disposal activities, including disclosures tied to CarOffer and the company's shift toward inventory intelligence, analytics and consumer vehicle-sourcing products rather than transaction facilitation.
Steinert Langley reported acquisition or exercise transactions in this Form 4 filing.
CarGurus, Inc. Executive Chair Langley Steinert reported an equity compensation grant involving 81,353 restricted stock units (RSUs) tied to Class A common stock at no cash cost per share. Each RSU represents a right to receive one share upon vesting.
Subject to his continued employment, 6.25% of the RSUs will vest on April 1, 2026, with an additional 6.25% vesting on the first day of each three-month period thereafter until January 1, 2030, with potential acceleration upon a qualifying Change of Control under the company’s omnibus incentive plan. Separately, 2 shares of Class A common stock are held indirectly by an irrevocable family trust benefiting his children, for which he disclaims beneficial ownership.
CarGurus, Inc. describes itself as a multinational automotive platform that connects car shoppers and dealers through data- and AI-driven marketplaces, software, and advertising solutions across the U.S., Canada, and the U.K.
In 2025 the company’s board decided to wind down CarOffer, its Dealer-to-Dealer and Instant Max Cash Offer transactions business, concluding it was less effective in a volatile pricing environment. CarOffer’s operations were fully wound down and treated as discontinued operations, and beginning in Q4 2025 CarGurus shifted to reporting as a single consolidated segment.
CarGurus highlights products such as IMV-based deal ratings, the CG Discover GenAI shopping assistant, Digital Deal, Sell My Car, PriceVantage, and extensive dealer data tools, along with international platforms PistonHeads and Autolist. As of February 12, 2026, it had 80,972,897 Class A shares and 14,216,250 Class B shares outstanding, and cites an aggregate market value of non‑affiliate Class A stock of $1,739,144,042 as of its most recently completed second fiscal quarter. The company reports 1,218 full‑time employees and devotes substantial space to risk factors, including dealer churn, macroeconomic and automotive‑industry cyclicality, AI and data‑privacy regulation, competition from online and AI‑driven search, and dependence on brand strength and search‑engine visibility.
CarGurus reported strong fourth-quarter and full-year 2025 results from continuing operations, alongside a major capital return and business refocus. Full-year revenue reached $906.98M, up 14%, while GAAP net income from continuing operations rose to $196.7M, a 53% increase. Non-GAAP Adjusted EBITDA from continuing operations was $319.0M, up 25%, reflecting very high gross margins around the low‑90% range.
The company repurchased approximately $350M of shares in 2025 and authorized a new $250.0M repurchase program for 2026, helping reduce diluted share count. Paying dealers grew to 34,409 as of December 31, 2025, with consolidated QARSD up 8%, indicating higher revenue per dealer.
CarGurus completed the wind-down of its CarOffer Transactions Business, which is now reported as discontinued operations, narrowing related losses versus 2024 and shifting to a single reportable segment. For 2026, management guides first-quarter revenue to $240.5M–$245.5M and non-GAAP Adjusted EBITDA from continuing operations to $72.0M–$80.0M, with full-year revenue expected to grow 10–13% and non-GAAP Adjusted EBITDA margin from continuing operations to decline modestly by 1.5–2.5% year over year.
CarGurus Chief Product Officer Elshareef Ismail reported two transactions in CarGurus Class A common stock. On 01/30/2026, 1,465 shares were withheld at $32.40 per share to cover tax obligations tied to vesting restricted stock units. On 02/02/2026, 1,645 shares were sold at $32.21 per share under a pre-arranged Rule 10b5-1 trading plan adopted by the executive. Following these transactions, Ismail directly owned 91,822 shares of CarGurus Class A common stock.
CarGurus, Inc. insider transaction: General Counsel and Secretary Javier Zamora reported a Form 4 transaction involving Class A Common Stock on 01/30/2026. The event reflects routine tax withholding rather than an open-market trade.
The company withheld 1,142 shares of Class A Common Stock at $32.40 per share to cover Zamora’s tax liability when his restricted stock units vested. After this withholding, he directly beneficially owned 82,338 shares of CarGurus Class A Common Stock.
A holder of CARG Class A common stock filed a notice to sell 1,645 shares through Fidelity Brokerage Services on the NASDAQ around 02/02/2026, with an indicated aggregate market value of $52,985.45. These shares were acquired on 01/30/2026 via restricted stock vesting as compensation from the issuer. The filing also reports that the same seller disposed of 1,228 Class A shares on 11/03/2025 for gross proceeds of $42,955.44. The issuer reports 81,236,954 Class A shares outstanding.
CarGurus, Inc. Chief Technology Officer Quinn Matthew Todd reported a charitable gift of company stock. On 01/20/2026, he transferred 732 shares of Class A common stock, coded as a "G" transaction (gift) at a price of $0 per share. The filing notes this was made to a charitable donor-advised fund under a Rule 10b5-1 trading plan adopted by the reporting person. Following this transaction, Todd beneficially owned 193,451 shares of Class A common stock in direct ownership.
CarGurus, Inc. Chief People Officer Jennifer Ladd Hanson reported a small open-market sale of Class A Common Stock. On January 5, 2026, she sold 524 shares at a price of $37.36 per share, reported under transaction code "S" for a sale.
After this transaction, she continued to beneficially own 49,663 shares of CarGurus Class A Common Stock in direct ownership. The filing notes that this trade was carried out under a pre-established Rule 10b5-1 trading plan adopted by the reporting person, indicating it was made pursuant to a preset schedule rather than a discretionary trade at the time of sale.
CarGurus, Inc. insider transaction: the company’s COO and President reported selling 10,000 shares of Class A common stock on 12/16/2025 at a price of $38.39 per share. This was disclosed as a sale under transaction code “S,” meaning a disposition of shares.
After this trade, the reporting officer beneficially owns 400,259 shares of Class A common stock in direct ownership. The filing notes that the sale was carried out under a pre-arranged Rule 10b5-1 trading plan, which is designed to allow insiders to systematically sell shares according to preset instructions.
CarGurus (CARG) filed a Form 4 disclosing an insider sale by CEO and Director Jason Trevisan. On 11/11/2025, he sold 15,000 shares of Class A common stock at $35 per share pursuant to a Rule 10b5-1 trading plan. Following the transaction, he beneficially owned 675,483 shares directly. He also reported indirect holdings of 80,000 shares held by the Jason Trevisan 2019 Family Trust and 200,000 shares held by the Trevisan 2025 Grantor Retained Annuity Trust.