Shares of Hub Group fell more than 20% in intraday trading on February 6, 2026, after the company identified an accounting error related to the recording of purchased transportation costs, which resulted in an understatement of accounts payable of approximately $77 million. The company stated that the error impacts previously issued financial statements and that it will delay the filing of its Form 10-K while it completes a restatement. Block & Leviton is investigating.
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