A securities class action has been filed in the USDC — W.D.TX. against XPEL, Inc. (XPEL) (“XPEL” or the “Company”), on behalf of all persons or entities that purchased or otherwise acquired XPEL securities between November 8, 2023 and May 2, 2024, both dates inclusive (the “Class Period”).

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 complaint alleges throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose that:

(1) XPEL’s competitors were siphoning an increasingly large segment of the market;

(2) as a result, the Company’s revenue growth became increasingly dependent upon existing customers and partners;

(3) as a result, the Company’s revenue growth for 2023 and 2024 dwindled; and

(4) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

If you purchased XPEL securities during the class period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

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Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.