SC 13G: CarGurus, Inc.

AI Summary

SC 13G filing by CarGurus, Inc..

Risk Assessment

Risk Level: low

FAQ

Key Financial Figures

• $0.001 — suer) Class A Common Stock, par value $0.001 per share (Title of Class of Securiti

Filing Documents

• foxhaven-carg022924.htm (SC 13G) — 99KB
• 0001172661-24-001678.txt ( ) — 100KB

(a)Name of Issuer

Item 1. (a)Name of Issuer CarGurus, Inc. (b)Address of Issuer’s Principal Executive Offices 55 Cambridge Parkway, 6th Floor Cambridge, Massachusetts 02142

(a)Name of Person Filing

Item 2. (a)Name of Person Filing This (i) Foxhaven Asset Management, LP, a Delaware limited partnership ("Foxhaven"); (ii) Michael Pausic, a U.S. Citizen ("Mr. Pausic"); and (iii) Nicholas Lawler, a U.S. Citizen ("Mr. Lawler"). This ("Master"), a Cayman limited partnership; Foxway, LP ("Foxway"), a Delaware limited partnership and Foxlane, LP ("Foxlane"), a Delaware limited partnership. Master, Foxway, and Foxlane are collectively referred to as the "Foxhaven Funds”. Foxhaven is a registered investment adviser that directs the voting and disposition of the shares of Common Stock directly owned by the Foxhaven Funds. Foxhaven Capital GP, LLC (“Foxhaven GP”) is the general partner of the Foxhaven Funds. As a result, Foxhaven and Foxhaven GP may be deemed to have voting and dispositive power over the shares of Common Stock held for the accounts of the Foxhaven Funds. Mr. Pausic and Mr. Lawler are Managing Members of the general partner of Foxhaven and Foxhaven GP and may be deemed to have voting and dispositive power with respect to the shares of Common Stock directly owned by the Foxhaven Funds. The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13(d) of the Act, the beneficial (b)Address of Principal Business Office, or, if none, Residence 550 E Water Street, Suite 888, Charlottesville, VA 22902 (c)Citizenship Foxhaven is a limited partnership organized under the laws of the State of Delaware. Mr. Pausic and Mr. Lawler are United States citizens. (d)Title of Class of Securities Class A Common Stock (the “Common Stock”),

If

Item 3.If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) o An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) o A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Not Applicable CUSIP No. 141788109 SCHEDULE 13G Page 7 of 9 Pages Item 4.Ownership (a) Foxhaven, Mr. Pausic and Mr. Lawler may be deemed to beneficially own 5.5% of the outstanding shares of Common Stock. This percentage is determined by dividing 5,014,932 by 91,439,976, the number of shares of Common Stock issued and outstanding as of February 22, 2024, as reported by CarGurus, Inc. in its Quarterly Report on Form 10-K for the period ended December 31, 2023. (b) Foxhaven, as the investment manager of the Foxhaven Funds, may direct the vote and disposition of the 5,014,932 shares of Common Stock held by the Foxhaven Funds. As the Managing Members of the general partner of Foxhaven, Mr. Pausic and Mr. Lawler may be deemed

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