The dollar amounts are too small relative to market cap to warrant a bearish read. Monitor for larger insider sales or a broader C-suite cluster before inferring negative sentiment. The CEO's sale is negligible and likely liquidity-driven.
Price Chart
Executive Summary
Two CarGurus insiders, including CEO Jason Trevisan and Director Greg Schwartz, sold a combined ~$406K in open-market shares over a week. The CEO's small $45K sale is likely routine, but the Director's $361K sale is notable in absolute terms. However, at a $3.3B market cap, total sales represent only ~0.01% of market cap, making this cluster trivial in proportional terms and unlikely to signal material bearish information.
Key Financial Metrics
Key Facts
- CEO Jason Trevisan sold 1,100 shares at $41.06 for ~$45K on 2026-08-07
- Director Greg Schwartz sold 10,000 shares at $36.07 for ~$361K on 2026-08-12
- Total cluster value: ~$406K, representing ~0.01% of CarGurus' $3.3B market cap
- Both transactions are open-market sales (code S)
- No C-suite cluster buying to offset the selling
Financial Impact
Total insider sales of ~$406K, or ~0.01% of market cap — immaterial
Risk Factors
- Insider sales could accelerate if the stock continues to trade near recent highs
- No insider buying to signal confidence in current valuation
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CARG-1786774878300 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 3, 2026 29d ago | 8-K | $34.23 $34.43 | ▲ +0.57% | ▲ +1.72% | $30.02 (−12.30%) |
Aug 18, 2026 6w ago | Insider Cluster | $37.04 $36.20 | ▼ −2.27% | ▼ −1.88% | $30.02 (−18.95%) |
Aug 14, 2026 7w ago | Insider Cluster | $37.44 $36.85 | ▼ −1.58% | ▼ −0.21% | $30.02 (−19.82%) |
Aug 11, 2026 7w ago | Insider Cluster | $36.18 $36.22 | ▲ +0.11% | ▲ +0.51% | $30.02 (−17.03%) |
Jul 2, 2026 13w ago | Insider Cluster | $36.24 $34.50 | ▲ +4.80% | ▲ +5.73% | $30.02 (+17.16%) |
Jul 2, 2026 13w ago | Insider Cluster | $36.24 $34.50 | ▼ −4.80% | ▼ −5.73% | $30.02 (−17.16%) |
Jun 12, 2026 16w ago | ANALYST-UPGRADE | $27.17 $30.02 | ▲ +10.49% | ▲ +9.82% | $30.02 (+10.49%) |
May 28, 2026 18w ago | ANALYST-UPGRADE | $30.35 $27.25 | ▼ −10.21% | ▼ −10.17% | $30.02 (−1.09%) |
Apr 22, 2026 23w ago | DEFA14A | $37.48 $36.67 | ▼ −2.16% | ▼ −3.64% | $30.02 (−19.90%) |
Apr 20, 2026 23w ago | Press Release | $37.86 $36.95 | ▼ −2.40% | ▼ −3.49% | $30.02 (−20.71%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access