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PHOENIX - Universal Technical Institute (NYSE:UTI), a $1.57 billion market cap educational services provider showing impressive revenue growth of 20.63% in the last twelve months, has expanded its Manufacturer Specific Advanced Training (MSAT) offerings with the inclusion of Tesla (NASDAQ:TSLA)’s START Collision Repair program, slated to commence at its Long Beach campus in Spring 2025. The program is designed to equip graduates of UTI’s Collision Repair and Refinish Technology program who meet Tesla’s criteria and are selected as interns with specialized skills for careers at Tesla.
The intensive 4-month Tesla START program focuses on high-tech collision repair techniques, such as electrical work, panel removal and replacement, and recalibration, building upon UTI’s existing collision repair training. Successful completion of the program could lead to full-time employment at Tesla’s Internal Collision Repair Centers. According to InvestingPro data, UTI maintains a healthy gross profit margin of 54.68%, suggesting strong operational efficiency in its educational programs.
UTI is currently the sole educational institution to offer Tesla’s START program, marking a significant collaboration between the two entities. Tracy Lorenz, president of the UTI Division, emphasized the partnership’s importance, stating it highlights UTI’s commitment to innovation and readiness for the evolving automotive landscape. The company’s stock has reflected this strategic positioning, with InvestingPro data showing a remarkable 94.95% return over the past year and currently trading near its 52-week high of $28.97.
The MSAT programs at UTI are specialized training courses that prepare students to service and repair vehicles from various global manufacturers, using brand-specific technology and systems. With the addition of Tesla’s program, UTI now provides 27 MSAT programs, potentially giving graduates an edge in the job market as highly trained entry-level technicians. Discover more insights about UTI’s growth potential and financial health with a InvestingPro subscription, which offers exclusive access to detailed financial metrics, Fair Value analysis, and expert ProTips.
Universal Technical Institute, Inc. (NYSE: UTI), established in 1965, offers a broad range of technical training programs in transportation, skilled trades, energy, and healthcare education across its 15 campuses in 9 states, under various brands including UTI, MIAT College of Technology, and others. With analysts maintaining a strong buy consensus and the company demonstrating solid financial metrics, UTI continues to strengthen its market position. Tesla, known for its electric vehicles and renewable energy products, continues to expand its workforce through specialized training partnerships like the one with UTI.
This initiative is based on a press release statement from Universal Technical Institute, Inc.
In other recent news, Universal Technical Institute (UTI) has been making significant strides in the market. Rosenblatt Securities recently increased its price target for UTI to $30.00, up from $22.00, due to the company’s impressive performance in the recent quarter. This decision was influenced by the company’s ability to meet the surging demand for qualified workers, a trend driven by the expanding skills gap and the retirement of baby boomers.
Further, UTI reported a robust fiscal year 2024, with a 21% increase in revenue to $733 million and a net income of $42 million. The company also recorded a 10% growth in average full-time active students and a significant 60% improvement in adjusted EBITDA, which reached $103 million. These recent developments indicate UTI’s strong growth trajectory and strategic positioning in the market.
Looking ahead, UTI has announced plans for expansion in fiscal 2025. These plans include launching nine full-length programs and ten short courses, along with opening three new campuses in 2026. This expansion is part of UTI’s North Star strategy, which emphasizes operational optimization and new program offerings.
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