CarGurus COO Sells $346k Worth of Shares Under Pre-Set Trading Plan
Samuel Zales, Chief Operating Officer and President of CarGurus (CARG), sold 10,000 shares of Class A Common Stock for a total value of $346,200 on September 15, 2026. The transaction was conducted under a pre-established Rule 10b5-1 trading plan to avoid concerns about insider trading based on non-public information. Following the sale, Zales retained approximately 455,000 shares directly held in CarGurus stock, representing a direct ownership stake of around 0.47%. The company's one-year total return as of that date was -3%, and its market capitalization stood at $3.3 billion. The Motley Fool notes the sale is not indicative of executive concern given Zales' continued large equity position in CarGurus, along with recent positive developments such as 13% year-over-year revenue growth and expansion of dealer engagement.
Tickers: $CARG
Topics: executive stock sale Rule 10b5-1 trading plan SEC filing