CarGurus, Inc. — Director's Dealing 2019

May 15, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CarGurus, Inc. (CARG)
CIK: 0001494259
Period of Report: 2019-05-13

Reporting Person: Zales Samuel (COO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-13	Class A Common Stock	M	18000	$.16	Acquired	193920	Direct
2019-05-13	Class A Common Stock	S	12867	$38.40	Disposed	181053	Direct
2019-05-13	Class A Common Stock	S	5133	$39.05	Disposed	175920	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-13	Employee Stock Option (Right to Buy)	$.16	M	18000	Disposed	2024-12-10	Class A Common Stock (18000)	Direct

Footnotes

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

F2: This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F3: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.92 to $38.91 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: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.92 to $39.26 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.

F5: This option is fully vested and exercisable.