Stock Track | Universal Technical Institute Soars 12.72% Pre-Market Following Earnings Beat, Raised Guidance, and Tesla Partnership

Stock Track
06 Feb

Universal Technical Institute (UTI) stock surged 12.72% in the pre-market trading session on Thursday, fueled by the company's impressive fiscal Q1 2025 financial performance and strategic initiatives.

The key catalysts driving UTI's pre-market rally include:

  1. Earnings Beat and Raised Guidance: UTI reported Q1 earnings per share of $0.40, significantly outpacing analysts' estimates of $0.18. Revenue also came in at $201.4 million, up 15.3% year-over-year and exceeding expectations. Encouraged by the strong results, UTI raised its full-year fiscal 2025 revenue guidance to $810 million - $820 million and EPS guidance to $0.96 - $1.04.
  2. New Partnership with Tesla: UTI announced a major collaboration with Tesla to offer the automaker's START Collision Repair program at its Long Beach campus, beginning in Spring 2025. This 4-month training program will open up employment opportunities for UTI graduates at Tesla's collision repair centers, aligning with the growing demand for skilled technicians in the electric vehicle industry.
  3. Positive Analyst Sentiment: Several analysts, including Truist and Rosenblatt, have raised their price targets on UTI stock and maintained Buy ratings, reflecting optimism about the company's growth prospects and strategic initiatives.

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