---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-300487"
form_type: "8-K"
ticker: "CARG"
cik: "0001494259"
company_name: "CarGurus, Inc."
filed_at: "2022-12-08T23:59:59+00:00"
generated_at: "2026-06-21T07:27:18.325337+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CarGurus authorizes $250M share repurchase program through Dec 31, 2023

## Summary
- Board authorized repurchase of up to $250M of Class A common stock.
- Program expires December 31, 2023; may be modified, suspended or discontinued anytime.
- Repurchases may be made via open market, private transactions, or Rule 10b5-1 plans.
- CEO Jason Trevisan cited strong balance sheet and commitment to returning cash to shareholders.
- No minimum repurchase obligation; timing and amounts depend on market conditions.

## SEC filing metadata
- accession: 0001193125-22-300487
- form_type: 8-K
- ticker: CARG
- cik: 0001494259
- company_name: CarGurus, Inc.
- filed_at: 2022-12-08T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1494259/000119312522300487/0001193125-22-300487-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1494259/000119312522300487/d429409d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-300487
- JSON: https://secwatch.observer/filing/0001193125-22-300487.json
- Plain text: https://secwatch.observer/filing/0001193125-22-300487.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.