CarGurus Chief Operating Officer Sells 10,000 Shares for $346,200
The provider of a leading automotive e-commerce marketplace reported a notable insider stock sale amid a 3% decline in its share price over the past 12 months.
Overview
Samuel Zales, Chief Operating Officer and President of CarGurus, Inc. (NASDAQ:CARG), reported a sale of 10,000 shares of Class A Common Stock on September 15, 2026, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($34.62); post-transaction value based on September 15, 2026 market close ($35.00).
Details
CarGurus operates as a leading digital marketplace in the automotive e-commerce sector, leveraging proprietary algorithms and data analytics to provide market transparency and streamline vehicle transactions. The company's dual-segment strategy -- encompassing the U.S. Marketplace and Digital Wholesale operations -- positions it as a comprehensive solution provider addressing both retail and wholesale automotive channels.
Source
Originally published at www.fool.com.