Cases & Investigations
Hub Group, Inc. Investigation
Type: Investigations
Stock Symbol: NASDQ: HUBG
Wolf Popper LLP is investigating potential claims on behalf of purchasers of Hub Group, Inc. (“Hub Group”) common stock (NASDQ: HUBG).
Hub Group provides transportation and logistics management solutions and in 2025 it had revenues of $3.7 billion.
After the market closed on February 5, 2026, Hub Group announced preliminary fourth quarter and full year results. HUBG also disclosed it was restating its financial statements for the first three quarters of 2025 “due to an error that resulted in the understatement of purchased transportation costs and accounts payable.” The press release said, “The total amount of the reduction to accounts payable and purchased transportation costs related to this issue that was recorded during these periods is $77 million.” On that news, Hub Group’s stock price fell $9.37 per share to $41.96 on February 6, 2026, down 18.3% on very heavy volume.
Before the market opened on May 12, 2026, Hub Group disclosed its 2023 and 2024 Annual Reports on Form 10-K were materially misstated and shouldn’t be relied upon. Hub Group’s Audit Committee “identified certain transactions that were prematurely or incorrectly recognized or not adequately supported.” Hub Group’s intraday stock price is down $3.63 per share to $38.23, a drop of 8.7% on very heavy volume.
Investors who suffered losses trading in Hub Group common stock and who would like to discuss the investigation should contact Adam Savett at (212) 451-9655, or asavett@wolfpopper.com.
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