CarGurus Names Mike Molstead Motors a 2026 Top Dealer Award Winner

The 12th annual awards recognize dealers delivering outstanding service, value, and transparency, with less than 10% of dealerships earning the distinction

Charles City, Iowa, August 11th, 2026 – Mike Molstead Motors today announced that it has been named a 2026 Top Dealer by CarGurus (Nasdaq: CARG), the No. 1 most visited automotive shopping site in the U.S.1 Now in its 12th year, the program recognizes dealerships that consistently earn shoppers' trust through exceptional service, competitive value, and transparent experiences. Mike Molstead Motors was named a Top Rated Dealer

"We're proud to be recognized by CarGurus as a Top Dealer for 2026," said Jordan Molstead, President. "Serving our community is something we never take for granted, and we're grateful to our customers for their continued trust and support. This recognition motivates us to keep raising the bar every day."

Less than 10% of dealerships on the CarGurus platform earned a Top Dealer Award this year, giving shoppers a reliable shortlist of the highest-rated dealers in their area. Top Dealer Award winners are selected through verified customer reviews and CarGurus marketplace data, including vehicle pricing and digital retail engagement metrics, where applicable.

“Our Top Dealer Awards recognize dealerships that have earned shoppers' confidence by delivering consistently exceptional experiences and demonstrating a shared commitment to making car buying more transparent and trustworthy," said Sam Zales, President and Chief Operating Officer at CarGurus. "It’s an honor to celebrate dealers like Mike Molstead Motors that continue to set a high standard for customer service, transparency, and value.”

CarGurus Top Dealer Award categories in the U.S. include:

● Top Rated Dealer honors dealerships with exceptional customer satisfaction. Winners maintained an average rating of at least 4.5 out of 5 based on verified customer reviews submitted in 2025 (minimum five reviews).

● Top Value Dealer recognizes dealerships offering consistently competitive pricing. The award honors the top 100 U.S. dealers with the highest share of 2025 inventory with a "Good" or "Great" Deal Rating from CarGurus.

● Top Digital Dealer honors the top 100 U.S. dealerships with the most digitally enabled shopping experience. Winners are selected based on shopper engagement through CarGurus' Digital Deal, which lets buyers complete key steps like financing applications and deposits, and the share of their 2025 inventory available for online transactions.

About CarGurus, Inc.

CarGurus (Nasdaq: CARG) is the leading multinational automotive platform helping consumers and dealers confidently buy and sell vehicles. Founded in 2006 with a mission to bring more trust and transparency to car shopping, CarGurus is the No.1 visited automotive shopping site in the U.S. 1 with the largest selection of inventory and network of dealers. 2 CarGurus’ unmatched selection, trusted automotive insights, and data-driven products and solutions support each shopper’s journey— from online research and shopping to in-dealership decisions — to empower them at every step. And, by translating data from billions of monthly site interactions, CarGurus provides dealers a personalized, predictive intelligence platform with software solutions that helps them run their businesses more efficiently and profitably at all stages of inventory acquisition and pricing, marketing, and conversion to sale.

CarGurus operates online marketplaces in the U.S., U.K., and Canada. The company’s network of brands includes PistonHeads, the largest online motoring community in the U.K. 3, and Autolist, a U.S.- based online marketplace.

To learn more about CarGurus, visit www.cargurus.com.