CarGurus, Inc. — Director's Dealing 2019

Jan 10, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CarGurus, Inc. (CARG)
CIK: 0001494259
Period of Report: 2019-01-08

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-08	Class A Common Stock	S	27096	$34.21	Disposed	6119985	Direct
2019-01-08	Class A Common Stock	S	25737	$35.28	Disposed	6094248	Direct
2019-01-08	Class A Common Stock	S	3011	$34.21	Disposed	724062	Indirect
2019-01-08	Class A Common Stock	S	2859	$35.28	Disposed	721203	Indirect
2019-01-09	Class A Common Stock	S	27513	$35.60	Disposed	6066735	Direct
2019-01-09	Class A Common Stock	S	25320	$35.98	Disposed	6041415	Direct
2019-01-09	Class A Common Stock	S	3057	$35.60	Disposed	718146	Indirect
2019-01-09	Class A Common Stock	S	2813	$35.98	Disposed	715333	Indirect
2019-01-10	Class A Common Stock	S	8279	$35.82	Disposed	6033136	Direct
2019-01-10	Class A Common Stock	S	3464	$36.12	Disposed	6029672	Direct
2019-01-10	Class A Common Stock	S	921	$35.82	Disposed	714412	Indirect
2019-01-10	Class A Common Stock	S	386	$36.12	Disposed	714026	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 $33.76 to $34.75 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: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.76 to $35.61 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.

F4: This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by The Langley Steinert Irrevocable Family Trust dated June 21, 2004.

F5: 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.

F6: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.83 to $35.82 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 $35.83 to $36.14 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 $35.07 to $36.06 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 $36.07 to $36.27 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.