Universal Technical Institute, Inc.’s UTI division reignites the partnership with NAPA by relaunching the Summer Ignite program in 2024.
Resurrecting this three-week-long program aims to steer students towards careers in automotive or motorcycle repair, aligning with the escalating demand for automotive service technicians and mechanics. The U.S. Bureau of Labor Statistics projects about 67,700 annual job openings in this field through 2032.
By providing a free introductory course, the program bridges the workforce gap and acts as a springboard for students to explore automotive and motorcycle repair vocations. Successful completion of the course exams allows students to earn credit for future programs at UTI, easing their educational financial burdens.
Applications for this program are being accepted in various states including Texas, Arizona, New Jersey, Illinois, and California.
Emphasis on Growth Strategies Portend Favorably
Universal Technical has consistently focused on expansion and diversification strategies to sustain its growth trajectory. Their successful education and employment model demonstrates robust graduation and job placement rates, bolstered by strong partnerships with industry leaders and employers.
The company’s operational endeavors aim to adequately equip and position students for rewarding careers in high-demand sectors.
Additionally, under its Concorde division, the company recently introduced two new dental hygiene programs in April 2024, enrolling around 50 students in their inaugural cohorts. Plans are also underway to launch the San Diego dental hygiene program later this year. Concorde has been fortifying its product offerings by expanding its partnership network, including a recent collaboration with Marquis Companies during the fiscal second quarter of 2024.
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Buoyed by this positive momentum, shares of this private for-profit technical college system surged by 135.4% in the past year, outperforming the Schools industry’s 44.9% growth per Zacks.
Zacks Rankings and Other Prime Selections
Universal Technical currently holds a Zacks Rank #2 (Buy).
Other top picks from the Consumer Discretionary sector include:
Strategic Education, Inc. (Zacks Rank #1) has shown significant earnings surprises and stock growth over the past year, with a positive outlook on sales and EPS for 2024.
Netflix, Inc. and Royal Caribbean Cruises Ltd. are also Zacks Rank #1 stocks, exhibiting impressive earnings surprises and substantial stock growth in the past year, with optimistic estimates for sales and EPS in 2024.
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