Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment No. 1)*
Under the Securities Exchange Act of 1934
CARGURUS, INC.
(Name of Issuer)
Class A common stock, par value $0.001 per share
(Title of Class of Securities)
141788109
(CUSIP NUMBER)
12/31/18
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☐ Rule 13d-1(c)
☒ Rule 13d-1(d)
| * | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| 1 | Name of Reporting Persons.
Promerica Capital LLC | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☒
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | Citizenship or place of organization
State of Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 | sole voting power
0 | ||||
| 6 | shared voting power
830,494 | |||||
| 7 | sole dispositive power
0 | |||||
| 8 | shared dispositive power
830,494 | |||||
| 9 |
aggregate amount beneficially owned by each reporting person
830,494 | |||||
| 10 | check box if the aggregate amount in row (9) excludes certain shares (See Instructions) ☐
| |||||
| 11 | percent of class represented by amount in row (9)
0.9% | |||||
| 12 | type of reporting person (See Instructions)
OO | |||||
| 1 | Name of Reporting Persons.
Promerica Inc. | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☒
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | Citizenship or place of organization
State of Delaware | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 | sole voting power
0 | ||||
| 6 | shared voting power
830,494 | |||||
| 7 | sole dispositive power
0 | |||||
| 8 | shared dispositive power
830,494 | |||||
| 9 |
aggregate amount beneficially owned by each reporting person
830,494 | |||||
| 10 | check box if the aggregate amount in row (9) excludes certain shares (See Instructions) ☐
| |||||
| 11 | percent of class represented by amount in row (9)
0.9% | |||||
| 12 | type of reporting person (See Instructions)
CO | |||||
| Item 1. | (a) Name of Issuer |
CarGurus, Inc. (the “Issuer”)
| (b) | Address of Issuer’s Principal Executive Offices |
2 Canal Park, 4th Floor
Cambridge, Massachusetts 02141
| Item 2. | (a) Name of Person Filing |
This amendment to Schedule 13G is filed on behalf of each of (i) Promerica Capital LLC, a direct holder of the Issuer’s Class A Common Stock, $0.001 par value per share (the “Common Stock”), and (ii) Promerica Inc., the Manager of Promerica Capital LLC, (collectively, the “Reporting Persons”).
| (b) | Address of Principal Business Office or, if none, Residence |
The principal business address for each of Promerica Capital LLC and Promerica Inc. is One Joy Street, Boston, Massachusetts 02108.
| (c) | Citizenship |
Promerica Capital LLC is a Delaware limited liability company.
Promerica Inc. is a Delaware corporation.
| (d) | Title of Class of Securities |
Class A common stock, par value $0.001 per share
| (e) | CUSIP Number |
141788109
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
Not applicable.
Item 4. Ownership.
| (a) | Amount beneficially owned: |
| Promerica Capital LLC |
830,494 | |||
| Promerica Inc. |
830,494 |
| (b) | Percent of class: |
| Promerica Capital LLC |
0.9 | % | ||
| Promerica Inc. |
0.9 | % |
The percentage amount for the Reporting Persons is based on 89,375,963 shares of Common Stock outstanding as of October 31, 2018, as set forth in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2018, filed with the Securities and Exchange Commission on November 7, 2018.
| (c) | Number of shares as to which the person has: |
| (i) | Sole power to vote or to direct the vote: |
| Promerica Capital LLC |
0 | |||
| Promerica Inc. |
0 |
| (ii) | Shared power to vote or to direct the vote: |
| Promerica Capital LLC |
830,494 | |||
| Promerica Inc. |
830,494 |
| (iii) | Sole power to dispose or to direct the disposition of: |
| Promerica Capital LLC |
0 | |||
| Promerica Inc. |
0 |
| (iv) | Shared power to dispose or to direct the disposition of: |
| Promerica Capital LLC |
830,494 | |||
| Promerica Inc. |
830,494 |
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☒
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Not applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: February 14, 2019
| PROMERICA CAPITAL LLC | ||
| By: Promerica, Inc., its Manager | ||
| /s/ Peter M. Nicholas | ||
| Name: | Peter M. Nicholas | |
| Title: | President | |
| PROMERICA, INC. | ||
| /s/ Peter M. Nicholas | ||
| Name: | Peter M. Nicholas | |
| Title: | President |