CarGurus COO Samuel Zales Sells Shares Under Pre-Set Trading Plan
Samuel Zales, Chief Operating Officer and President of CarGurus (NASDAQ:CARG), sold 10,000 shares on August 28, 2026, for a total value of $365,000. The transaction was conducted under a Rule 10b5-1 trading plan, which allows insiders to execute trades in advance without implying insider knowledge. Zales still holds over 465,000 shares directly after the sale, with those holdings valued at approximately $17 million as of August 28. CarGurus has delivered a total return of about 6% for investors over the past year and reported strong financials including TTM revenue of $967.2 million and net income of $187.1 million. The company operates through two segments—U.S. Marketplace and Digital Wholesale—and generates revenue from dealer subscriptions, advertising services, and transaction fees. While CarGurus stock has underperformed the S&P 500 in 2026 (down 8.5% vs up 17.8%), analysts suggest there is no immediate cause for concern due to Zales' continued significant stake.
Tickers: $CARG