Shares of Universal Technical Institute (UTI) surged 14.02% in the past 24 hours on THURSDAY after the company reported strong fiscal Q1 2025 earnings results that exceeded analysts' expectations. The stock rally was fueled by the following key factors:

1. Earnings Beat: UTI reported earnings per share of $0.40 for Q1, significantly beating consensus estimates of $0.18. Revenue of $201.4 million was also 15.3% higher year-over-year and surpassed expectations.
2. Raised Guidance: Encouraged by the strong Q1 performance, UTI raised its full-year guidance ranges for fiscal 2025. The company now expects revenue between $810 million to $820 million, earnings per share of $0.96 to $1.04, and new student starts of 28,500 to 29,500.
3. Tesla Partnership: UTI announced a major new partnership with Tesla to offer the automaker's START Collision Repair program at its Long Beach campus starting in Spring 2025. This 4-month training program will allow UTI graduates to be eligible for employment at Tesla's collision repair centers.

The robust Q1 results, coupled with the raised guidance and the promising new partnership with Tesla, boosted investor confidence in UTI's growth prospects and ability to capitalize on the rising demand for skilled technicians, especially in the electric vehicle space. The stock's surge reflects the market's positive sentiment towards UTI's strategic initiatives and outlook.