secwatch.observer — SEC 8-K summary
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Issuer:     CarGurus, Inc. (CARG)
CIK:        0001494259
Form:       8-K
Filed at:   2022-12-08T23:59:59+00:00
Accession:  0001193125-22-300487
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1494259/000119312522300487/0001193125-22-300487-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1494259/000119312522300487/d429409d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-300487

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer