CarGurus Management

Management criteria checks 2/4

CarGurus' CEO is Jason Trevisan, appointed in Jan 2021, has a tenure of 3.5 years. total yearly compensation is $3.75M, comprised of 15.1% salary and 84.9% bonuses, including company stock and options. directly owns 0.51% of the company’s shares, worth €11.91M. The average tenure of the management team and the board of directors is 2.5 years and 6.1 years respectively.

Key information

Jason Trevisan

Chief executive officer

US$3.8m

Total compensation

CEO salary percentage	15.1%
CEO tenure	3.5yrs
CEO ownership	0.5%
Management average tenure	2.5yrs
Board average tenure	6.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jason Trevisan's remuneration changed compared to CarGurus's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$36m
Dec 31 2023	US$4m	US$565k	US$31m
Sep 30 2023	n/a	n/a	US$214m
Jun 30 2023	n/a	n/a	US$299m
Mar 31 2023	n/a	n/a	US$272m
Dec 31 2022	US$2m	US$556k	US$194m
Sep 30 2022	n/a	n/a	-US$45m
Jun 30 2022	n/a	n/a	-US$123m
Mar 31 2022	n/a	n/a	-US$85m
Dec 31 2021	US$19m	US$540k	-US$154k
Sep 30 2021	n/a	n/a	US$105m
Jun 30 2021	n/a	n/a	US$108m
Mar 31 2021	n/a	n/a	US$87m
Dec 31 2020	US$3m	US$383k	US$78m
Sep 30 2020	n/a	n/a	US$66m
Jun 30 2020	n/a	n/a	US$43m
Mar 31 2020	n/a	n/a	US$42m
Dec 31 2019	US$6m	US$380k	US$42m
Sep 30 2019	n/a	n/a	US$41m
Jun 30 2019	n/a	n/a	US$45m
Mar 31 2019	n/a	n/a	US$72m
Dec 31 2018	US$2m	US$360k	US$65m
Sep 30 2018	n/a	n/a	US$55m
Jun 30 2018	n/a	n/a	US$42m
Mar 31 2018	n/a	n/a	US$11m
Dec 31 2017	US$533k	US$350k	US$7m

Compensation vs Market: Jason's total compensation ($USD3.75M) is above average for companies of similar size in the German market ($USD2.15M).

Compensation vs Earnings: Jason's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Jason Trevisan (49 yo)

3.5yrs

Tenure

US$3,753,213

Compensation

Mr. Jason M. Trevisan serves as Chief Executive Officer and Director at CarGurus Inc. since January 18, 2021 and had been its Treasurer since July 2016 until January 2021. He served as the Chief Financial...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
E. Steinert	Founder & Executive Chairman	18.3yrs	US$2.51m	15.56% $ 364.4m
Jason Trevisan	CEO & Director	3.5yrs	US$3.75m	0.51% $ 11.9m
Elisa Palazzo	CFO, Principal Financial Officer & Principal Accounting Officer	less than a year	US$2.10m	no data
Matthew Quinn	Chief Technology Officer	2.5yrs	US$2.62m	0.046% $ 1.1m
Zachary Hallowell	Chief Executive Officer of CarOffer	less than a year	US$3.28m	0.0090% $ 211.5k
Samuel Zales	COO & President	6.8yrs	US$13.26m	0.28% $ 6.5m
Kirndeep Singh	VP & Head of Investor Relations	no data	no data	no data
Javier Zamora	General Counsel & Corporate Secretary	1.9yrs	no data	0% $ 0
Dafna Sarnoff	Chief Marketing Officer	2.6yrs	US$2.64m	0.026% $ 608.9k
Brad Rosenfeld	Executive Vice President of Digital Retail Commercialization	3.3yrs	no data	no data
Ismail Elshareef	Chief Product Officer	less than a year	no data	0.000010% $ 234.2

2.5yrs

Average Tenure

52yo

Average Age

Experienced Management: 0C6's management team is considered experienced (2.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
E. Steinert	Founder & Executive Chairman	18.3yrs	US$2.51m	15.56% $ 364.4m
Jason Trevisan	CEO & Director	3.5yrs	US$3.75m	0.51% $ 11.9m
Stephen Kaufer	Independent Non-Employee Director	17.1yrs	US$230.00k	0.26% $ 6.1m
Lori Hickok	Independent Director	5.9yrs	US$235.00k	0.024% $ 559.3k
Greg Schwartz	Independent Director	6.3yrs	US$225.00k	0.0051% $ 120.1k
Steven Conine	Independent Director	6.1yrs	US$230.00k	0.030% $ 697.2k
Manik Gupta	Independent Director	less than a year	US$105.70k	no data

6.1yrs

Average Tenure

51yo

Average Age

Experienced Board: 0C6's board of directors are considered experienced (6.1 years average tenure).

CarGurus Management

Management criteria checks 2/4

Key information

Recent management updates

Independent Director recently sold €278k worth of stock

CarGurus, Inc., Annual General Meeting, Jun 05, 2024

Insufficient new directors

CarGurus, Inc. Announces Resignation of Andrea Eldridge as Chief People Officer, Effective April 5, 2024

Cargurus, Inc. Announces the Appointment of Elisa Palazzo as the Chief Financial Officer, Effective as of December 4, 2023

CarGurus, Inc. Appoints Zach Hallowell as Head of Industry Transformation

Recent updates

Independent Director recently sold €278k worth of stock

CarGurus, Inc. Provides Earnings Guidance for the Second Quarter 2024

First quarter 2024 earnings released: EPS: US$0.20 (vs US$0.14 in 1Q 2023)

CarGurus, Inc., Annual General Meeting, Jun 05, 2024

CarGurus, Inc. to Report Q1, 2024 Results on May 09, 2024

Full year 2023 earnings released: EPS: US$0.28 (vs US$1.64 in FY 2022)

CarGurus, Inc. to Report Q4, 2023 Results on Feb 26, 2024

Insufficient new directors

CarGurus, Inc. Announces Resignation of Andrea Eldridge as Chief People Officer, Effective April 5, 2024

CarGurus, Inc. (NasdaqGS:CARG) entered into membership purchase agreement to acquire remaining 49% stake of CarOffer, LLC for $75 million.

Cargurus, Inc. Provides Earnings Guidance for the Fourth Quarter and Full-Year 2023

Third quarter 2023 earnings released: EPS: US$0.20 (vs US$0.90 in 3Q 2022)

Cargurus, Inc. Announces the Appointment of Elisa Palazzo as the Chief Financial Officer, Effective as of December 4, 2023

CarGurus, Inc. Appoints Zach Hallowell as Head of Industry Transformation

CarGurus, Inc. to Report Q3, 2023 Results on Nov 07, 2023

Cargurus, Inc. Provides Earnings Guidance for the Third Quarter 2023

Second quarter 2023 earnings released: EPS: US$0.14 (vs US$0.78 loss in 2Q 2022)

CarGurus, Inc. to Report Q2, 2023 Results on Aug 09, 2023

Investor sentiment deteriorates as stock falls 19%

New minor risk - Share price stability

CarGurus, Inc. to Report Q2, 2023 Results on Aug 03, 2023

Cargurus, Inc. Appoints Manik Gupta to Its Board of Directors and Audit Committee

Now 22% undervalued

CarGurus, Inc Further Enhances Automotive Search and Shopping with Introduction of ChatGPT Plugin

Investor sentiment improves as stock rises 18%

Cargurus, Inc. Announces Impairment of Long-Lived Assets for Three Months Ended March 31, 2023

First quarter 2023 earnings released: EPS: US$0.14 (vs US$0.17 in 1Q 2022)

CarGurus Provides Earnings Guidance for the Second Quarter of 2023

Full year 2022 earnings released: EPS: US$1.64 (vs US$0.001 loss in FY 2021)

CarGurus, Inc. to Report Q4, 2022 Results on Feb 28, 2023

Insufficient new directors

Cargurus, Inc. Announces Resignation of Yvonne Hao from Member of the Board of Directors

CarGurus, Inc. (NasdaqGS:CARG) announces an Equity Buyback for $250 million worth of its shares.

Third quarter 2022 earnings released: EPS: US$0.90 (vs US$0.25 in 3Q 2021)

Cargurus, Inc. Provides Revenue Guidance for the Fourth Quarter and Full-Year of 2022

CarGurus, Inc. to Report Q3, 2022 Results on Nov 08, 2022

CarGurus, Inc. Provides Financial Guidance for the Third Quarter of 2022

Second quarter 2022 earnings released: EPS: US$0.16 (vs US$0.24 in 2Q 2021)

CarGurus, Inc. Appoints Javier Zamora as General Counsel

CarGurus, Inc. to Report Q2, 2022 Results on Aug 08, 2022

CarGurus’ New Digital Deal Solution Enables Dealers to Sell More Cars Through Access to Today’s Online Shopper

First quarter 2022 earnings released: US$0.53 loss per share (vs US$0.19 profit in 1Q 2021)

CarGurus, Inc. Provides Earnings Guidance for the Second Quarter of 2022

CarGurus, Inc. to Report Q1, 2022 Results on May 09, 2022

CarGurus Rolles Out Its Online Car Selling Solution, CarGurusInstant Max Cash Offer, to Four More States: North Carolina, South Carolina, Ohio, and Arizona

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

CarGurus, Inc. Provides Revenue Guidance for the First Quarter 2022

CarGurus Instant Max Cash Offer Now Available in California

CarGurus, Inc. to Report Q4, 2021 Results on Feb 24, 2022

Founder & Executive Chairman recently sold €148k worth of stock

Founder & Executive Chairman recently sold €154k worth of stock

Founder & Executive Chairman recently sold €157k worth of stock

Third quarter 2021 earnings released: EPS US$0.25 (vs US$0.29 in 3Q 2020)

Founder & Executive Chairman recently sold €90k worth of stock

Founder & Executive Chairman recently sold €87k worth of stock

Founder & Executive Chairman recently sold €83k worth of stock

Cargurus, Inc. Announces Partnership with Jay Leno’S “You Bet Your Life” Revival

Founder & Executive Chairman recently sold €828k worth of stock

Founder & Executive Chairman recently sold €1.4m worth of stock

Second quarter 2021 earnings released: EPS US$0.24 (vs US$0.063 in 2Q 2020)

Cargurus, Inc. Provides Earnings Guidance for the Third Quarter 2021

Founder & Executive Chairman recently sold €702k worth of stock

Founder & Executive Chairman recently sold €650k worth of stock

Independent Non-Employee Director Anastasios Parafestas has left the company

Independent Director recently sold €87k worth of stock

First quarter 2021 earnings released: EPS US$0.19 (vs US$0.11 in 1Q 2020)

CarGurus, Inc. Provides Earnings Guidance for the Second Quarter of 2021

Founder & Executive Chairman recently sold €621k worth of stock

Full year 2020 earnings released: EPS US$0.69 (vs US$0.38 in FY 2019)