On January 11, 2023, Yvonne Hao (“Ms. Hao”), a member of the Board of Directors (the “Board”) of CarGurus, Inc. (the “Company”), notified the Board of her decision to resign from her position on the Board, effective immediately. Ms. Hao's resignation followed her appointment to serve on the cabinet of the Governor of the Commonwealth of Massachusetts as the Secretary of Economic Development and was not as a result of any dispute or disagreement with the Company, its management, the Board, or any matter relating to the Company's operations, policies or practices.