CarGurus Appoints Matthew Mandel as New Chief Financial Officer

CarGurus, Inc. announced the appointment of Matthew Mandel as the company’s new Chief Financial Officer, effective October 19, 2026. Mr. Mandel will also serve as the principal financial and accounting officer. He succeeds CEO Jason Trevisan, who was serving in the role on an interim basis. Mr. Mandel was most recently the CFO and COO of Fleetio.

Key Details

• Effective Date: Mr. Mandel's appointment is effective October 19, 2026. CEO Jason Trevisan will step down from his interim financial officer duties on the same date.
• Compensation Package: Mr. Mandel will receive an annual base salary of $450,000, a target bonus of up to $450,000, and a one-time sign-on bonus of $250,000.
• Equity Grant: He will be awarded $5.5 million in Restricted Stock Units (RSUs) that vest over a four-year period, with 25% vesting on the first anniversary.