Robbins LLP is Investigating Allegations that XPEL Inc. (XPEL) Misled Investors Regarding its Business Prospects

Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired XPEL Inc. (NASDAQ: XPEL) securities between November 8, 2023 and May 2, 2024. XPEL supplies automotive paint protection film, automotive window film, ceramic coatings, architectural window film products, and related tools and equipment to support the installation of these products.

The Allegations

According to the complaint, during the class period, defendants failed to disclose to investors that: (i) XPEL’s competitors were siphoning an increasingly large segment of the market; (ii) as a result, the Company’s revenue growth became increasingly dependent upon existing customers and partners; and (iii) as a result, the Company’s revenue growth for 2023 and 2024 dwindled.  When the truth was revealed, XPEL's stock price fell $20.93, or nearly 39%, to close at $32.86 per share on May 2, 2024.

What Now: You may be eligible to participate in the class action against XPEL Inc. Shareholders who want to serve as lead plaintiff for the class must submit their papers with the court by October 7, 2024. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation.  You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.