Form 4: CarGurus CTO Sells Shares Under 10b5-1 Plan

CarGurus Chief Technology Officer, Matthew Todd Quinn, has sold 3,824 shares of Class A Common Stock for $35.03 per share, executed under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Matthew Todd Quinn, Chief Technology Officer of CarGurus, Inc. (CARG), sold 3,824 shares of Class A Common Stock.
• The transaction occurred on July 2, 2026, with a sale price of $35.03 per share.
• This sale was conducted as part of a Rule 10b5-1 trading plan, which is designed to comply with affirmative defense conditions for insider trading.
• Following the transaction, Quinn beneficially owns 233,146 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was conducted under a pre-established Rule 10b5-1 plan, mitigating concerns about opportunistic insider trading.

Negatives

• Insider selling of company stock by a key executive.

Risks

• Potential negative signal to the market regarding the executive's confidence in the company's future stock performance, despite the sale being part of a pre-planned trading strategy.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports a past transaction.

Industry Context

StockSavvy.ai notes that sales under Rule 10b5-1 plans are common for executives to diversify holdings or manage personal finances, and are generally not interpreted as a negative signal if properly disclosed and executed.

Stakeholder Impact

• Shareholders: May observe the sale as a minor event, given it was executed under a pre-planned trading strategy, but could still lead to minor short-term sentiment shifts.

Key Dates

Keywords

CarGurus, CARG, Insider Trading, Form 4, Stock Sale, Rule 10b5-1, Matthew Todd Quinn, Chief Technology Officer, Class A Common Stock