CarGurus executive chair Langley Steinert sells $107,641 in stock

Executive Chair and 10% owner Langley Steinert of CarGurus, Inc. (NASDAQ:CARG) sold a total of $107,641 worth of the company's Class A Common Stock on November 4, 2026. The sales were made through a Rule 10b5-1 trading plan, with shares priced between $37.4003 and $38.1053 per share. Steinert sold 2,577 shares directly, with 2,000 shares at a weighted average price of $37.4003 and an additional 577 shares at a weighted average price of $38.1053.

The remaining 289 shares were indirectly sold through The Langley Steinert Irrevocable Family Trust, comprising 224 shares and 65 shares at similar price ranges. Following these transactions, Steinert still holds 881,906 shares directly and 74,711 shares indirectly through the trust. Meanwhile, CarGurus surpassed Wall Street's revenue forecast for Q3 2026, reporting $258 million in revenue, a 12% increase compared to the previous year.