Core Viewpoint - Hub Group, Inc. announced a significant accounting error leading to a 20% drop in its share price, with potential implications for its financial statements and investor trust [1][3]. Financial Impact - The accounting error resulted in a $77 million understatement of purchased transportation costs and accounts payable for the first three quarters of 2025 [2]. - Hub Group plans to restate its financial statements for the first three quarters of 2025 and is assessing the impact on its consolidated financial statements for the years ended December 31, 2024, and 2023 [3]. Market Reaction - Following the announcement of the accounting error, Hub Group's shares fell over 20% on February 5, 2026, and continued to decline the next day, indicating significant investor concern [1][3].
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