CARG - CarGurus makes Trevisan CEO as Steinert moves to executive chairman

CarGurus (CARG) has promoted Jason Trevisan to be its new chief executive officer. Founder Langley Steinert will become executive chairman, and will stay involved in long-term product innovation and corporate strategy. Trevisan has served as the company's chief financial officer and president of International. CarGurus has also made Scot Fredo the new chief financial officer; he'll lead the financial planning & analysis, accounting and investor relations teams. Sam Zales remains president and chief operating officer, in charge of revenue and go-to-market functions as well as the new digital wholesale operations. Shares are down 1.4% after hours.

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CarGurus makes Trevisan CEO as Steinert moves to executive chairman