Universal Technical (UTI) Relaunches Summer Ignite With NAPA

Core Insights - Universal Technical Institute, Inc. (UTI) has reintroduced the Summer Ignite program in partnership with NAPA to enhance student focus on automotive and motorcycle repair careers [1][2] - The program aims to address the workforce gap by providing a free three-week introductory course, with successful students earning credits towards future programs at UTI [3] - UTI's growth strategy includes consistent graduation and employment rates, along with strong partnerships with industry leaders [5][6] Program Details - The Summer Ignite program will run for three weeks and is designed to meet the projected annual job openings of approximately 67,700 for automotive service technicians and mechanics through 2032 [2] - Applications for the program are open in several states, including Texas, Arizona, New Jersey, Illinois, and California [4] Expansion Initiatives - Under its Concorde division, UTI launched two new dental hygiene programs in April 2024, with about 50 students in the first cohorts [7] - The Concorde division is also expanding its San Diego dental hygiene program, set to launch later in 2024, and has partnered with Marquis Companies to enhance its offerings [7] Stock Performance - UTI's shares have surged 135.4% over the past year, significantly outperforming the Zacks Schools industry's growth of 44.9% [8]