XPEL, Inc. (NASDAQ: XPEL)

This lawsuit is for anyone who acquired securities in XPEL, Inc. (NASDAQ: XPEL) from November 8, 2023 through May 2, 2024.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company was expanding its business into non car enthusiasts when, in reality, not only was the Company failing to expand its business, but its competitors were making inroads into the Company’s core business of car enthusiasts.

On May 2, 2024, XPEL released its first quarter 2024 financial results, reporting only 5% revenue growth year-over-year, disclosing that the Company had been losing customers in the aftermarket channel. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in XPEL, Inc. (NASDAQ: XPEL) from November 8, 2023 through May 2, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.