SCHEDULE: CarGurus Executive Chair Boosts Stake to 13.1%

Langley Steinert, Executive Chair of CarGurus, Inc., has reported beneficial ownership of 13.1% of the company's Class A common stock.

Summary

• Langley Steinert, the Executive Chair and Chair of the Board of Directors of CarGurus, Inc., beneficially owns 12,815,183 shares of the company's Class A common stock.
• This ownership represents 13.1% of the total Class A Common Stock outstanding.
• The reported shares include 267,559 shares of Class A Common Stock, 25,561 shares of Class A Common Stock underlying restricted stock units vesting within 60 days after June 30, 2025, and 12,522,063 shares of Class B common stock convertible into Class A shares.
• The percentage ownership is calculated based on 85,043,939 shares of Class A Common Stock outstanding as of July 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q.
• Langley Steinert holds sole voting and dispositive power over all 12,815,183 beneficially owned shares.
• Beneficial ownership is disclaimed for shares held by The Langley Steinert Irrevocable Family Trust dated June 21, 2004, as the Reporting Person is neither trustee nor beneficiary.

Sentiment

Score: 7

Explanation: The filing indicates a significant and continued high level of insider ownership by a key executive, which is generally a positive signal of confidence in the company's future. While it's a factual disclosure without explicit sentiment, the underlying message of strong insider commitment is favorable.

Positives

• Increased insider ownership by a key executive and board chair can signal strong confidence in the company's future prospects.
• The significant stake held by the Executive Chair aligns management's interests closely with those of public shareholders.

Negatives

• This filing type (Schedule 13G) does not typically contain negative financial or operational information.

Risks

• This filing type (Schedule 13G) does not typically contain risk factor disclosures.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the company's future performance.

Management Comments

• Langley Steinert is the Executive Chair and Chair of the Board of Directors of CarGurus, Inc.

Industry Context

The filing reflects a significant ownership stake by a key executive in CarGurus, a prominent online automotive marketplace. This level of insider commitment is generally viewed positively within the technology and e-commerce sectors, indicating strong belief in the company's long-term strategy and market position amidst evolving trends in vehicle sales.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders: The significant insider ownership by the Executive Chair may instill confidence among shareholders, suggesting strong alignment of interests and belief in the company's long-term value.
• Management: Reinforces the Executive Chair's commitment and influence within the company.

Key Dates

Keywords

CarGurus, Langley Steinert, Beneficial Ownership, Class A Common Stock, SEC Filing, Insider Ownership, Automotive Marketplace, Online Car Sales