CarGurus, Inc. — Director's Dealing 2018

Nov 13, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CarGurus, Inc. (CARG)
CIK: 0001494259
Period of Report: 2018-11-08

Reporting Person: Steinert Langley (Director, CEO, President and Chairman, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-11-08	Class A Common Stock	S	18953	$42.01	Disposed	6734045	Direct
2018-11-08	Class A Common Stock	S	2106	$42.01	Disposed	792150	Indirect
2018-11-08	Class A Common Stock	S	12804	$42.79	Disposed	6721241	Direct
2018-11-08	Class A Common Stock	S	1422	$42.79	Disposed	790728	Indirect
2018-11-08	Class A Common Stock	S	7200	$43.92	Disposed	6714041	Direct
2018-11-08	Class A Common Stock	S	800	$43.92	Disposed	789928	Indirect
2018-11-08	Class A Common Stock	S	810	$44.94	Disposed	6713231	Direct
2018-11-08	Class A Common Stock	S	90	$44.94	Disposed	789838	Indirect
2018-11-08	Class A Common Stock	S	3706	$45.82	Disposed	6709525	Direct
2018-11-08	Class A Common Stock	S	412	$45.82	Disposed	789426	Indirect
2018-11-08	Class A Common Stock	S	2790	$46.80	Disposed	6706735	Direct
2018-11-08	Class A Common Stock	S	310	$46.80	Disposed	789116	Indirect
2018-11-08	Class A Common Stock	S	5310	$47.84	Disposed	6701425	Direct
2018-11-08	Class A Common Stock	S	590	$47.84	Disposed	788526	Indirect
2018-11-08	Class A Common Stock	S	1260	$48.61	Disposed	6700165	Direct
2018-11-08	Class A Common Stock	S	140	$48.61	Disposed	788386	Indirect
2018-11-09	Class A Common Stock	S	8610	$41.57	Disposed	6691555	Direct
2018-11-09	Class A Common Stock	S	958	$41.57	Disposed	787428	Indirect
2018-11-09	Class A Common Stock	S	3133	$42.11	Disposed	6688422	Direct
2018-11-09	Class A Common Stock	S	349	$42.11	Disposed	787079	Indirect

Footnotes

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

F2: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.45 to $42.44 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer.

F3: This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by The Langley Steinert Irrevocable Family Trust dated June 21, 2004.

F4: These shares are owned directly by The Langley Steinert Irrevocable Family Trust dated June 21, 2004, of which the Reporting Person's children are the beneficiaries. The Reporting Person may be deemed to have indirect ownership over such shares, but expressly disclaims beneficial ownership of such shares.

F5: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.45 to $43.44 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer.

F6: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.45 to $44.44 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer.

F7: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.45 to $45.44 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer.

F8: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.45 to $46.44 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer.

F9: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.45 to $47.44 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer.

F10: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.45 to $48.44 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer.

F11: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.45 to $49.00 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer.

F12: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.01 to $42.00 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer.

F13: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.01 to $42.29 per share, inclusive. Information regarding the number of shares sold at each separate price will be made available from the Reporting Person upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer.