Good afternoon. I'm Langley Steinert, the Founder and Executive Chair of CarGurus. Let me take this opportunity to welcome you to the 2026 annual meeting of stockholders of CarGurus. During the annual meeting, questions from stockholders should pertain to the proposals being considered at that particular time. Though we may not be able to answer every question, we expect to provide a response to as many questions as possible, but only questions that are pertinent to the meeting will be addressed. It is now shortly after 2:00 P.M. Eastern Time on June 3rd, 2026, and this meeting is officially called to order. I will now turn it over to Jason Trevisan, our Chief Executive Officer and a member of our Board of Directors.
Thank you, Langley. Before proceeding with today's meeting agenda, I'd like to introduce the other members of our board of directors in attendance today: Steve Conine, Lori Hickok, Steve Kaufer, and Greg Schwartz. Joining me in the audio portion of the meeting today are Sam Zales, our President and Chief Operating Officer, and Javier Zamora, our General Counsel and Corporate Secretary. Javier will serve as Secretary of today's meeting. We're also joined today by Vlasta Moravkova of Ernst & Young LLP, the company's independent registered public accounting firm. Ms. Moravkova will be available during the question-and-answer session today to respond to appropriate questions. Finally, the company has designated Terence Hassett of CT Hagberg LLC to serve as the Inspector of Election.
An agenda for our annual meeting, our annual meeting rules of conduct, and copies of our 2026 proxy statement and our annual report on Form 10-K for the fiscal year ended December 31st, 2025, can be found on the web portal. Only validated stockholders may ask questions in the designated field on the web portal. Out of consideration for others, please limit yourself to two questions and abide by the rules of conduct. Please note that this meeting is being recorded. However, no one attending via the webcast or telephone is permitted to use any audio recording device. I have received a report from Mr. Hassett confirming that there are present at today's meeting a majority of the total number of votes applicable to all stock issued and outstanding and entitled to vote at this meeting.
Under our third amended and restated bylaws, this is sufficient for a quorum and for transacting business at this meeting. There is therefore a quorum present to transact business, and the following matters are properly before this meeting. Number one. The proposed election of Manik Gupta and Langley Steinert as Class III directors. Two. A proposal to ratify the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for the year ending December 31st, 2026. Three. The proposed non-binding advisory vote to approve the compensation of the company's named executive officers for 2025. Are there any questions or comments on any of the proposals? As there are no questions or comments on the proposals, we will move on. Voting is now open.
Any stockholder who hasn't yet voted or who wishes to change their vote may do so now by clicking on the voting button on the web portal and following the instructions therein. Stockholders who have sent in proxies or voted via telephone or the internet and do not want to change their vote do not need to take any further action. I will pause briefly for the completion of voting. Okay. Now that everyone has had the opportunity to vote, I hereby declare the polls closed. The ballots and proxies will be held in the possession of the Inspector of Election. The Inspector of Election will count the votes and prepare a final report. I now ask Javier Zamora as Secretary to report the preliminary results of the voting.
Thank you, Jason. We have been informed by the Inspector of Election that the preliminary vote report indicates that, number one, shares of common stock representing a plurality of the votes cast have voted for the election of the nominees to serve as Class III directors. Two, shares of common stock representing at least a majority of votes cast have voted for the proposal to ratify the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for the year ending December 31, 2026. Three, shares of common stock representing at least a majority of votes cast have voted for the approval on a non-binding advisory basis of the compensation of the company's named executive officers for 2025. The final vote results will be filed with the SEC on a current report on Form 8-K and posted on our website.
I will now turn it back to Jason to conclude the meeting.
There being no further business to come before the meeting, CarGurus' 2026 annual meeting of stockholders is now adjourned. Thank you all very much for attending.
This now concludes the meeting. Thank you for joining, and have a pleasant day.