Universal Technical Institute, Inc. (UTI) is soaring after a record quarter. Shares continue to set new 52-week highs and estimates are climbing.

Record-Setting Quarter

On Feb 2 Universal Tech announced quarterly earnings that showed the highest enrolment, revenue and earnings in the company’s history. Revenue came in at $1.4 million, up 15% year-over-year.

The end result was net income of $9.3 million, about 4 times the same period last year. Universal Tech earned 38 cents per share, well above the 25 cents analysts were expecting.

Estimates Rising

Universal Tech analysts quickly raised full-year projections following the news. The full-year Zacks Consensus estimate for fiscal 2010 is now $1.13, up from 89 cents. Estimates for the next year are coming it an average of $1.46, up from $1.22.

Currently these estimates are projecting growth rates of 134% and 30%, respectively.

The Chart

Following the earnings news, shares of UTI shot right through the 52-week high, despite the weight of the overall market. Take a look at the chart below.

Read the December 8th Feature Here

A chart for Universal Technical Institute, Inc.Last Week’s Aggressive Growth Zacks Rank Buy Stocks

Carter’s, Inc. (CRI) reported a huge jump in earnings. Estimates are on the rise and the stock could be at a great entry point. Read Full Article.

Spherion Crop. (SFN) posted an unexpected profit in the final quarter of 2009 and growth projections are exponential for the next 2 years. Read Full Article.

AmeriCredit Corp (ACF) easily surpassed expectations in its latest earnings report, which has sent shares soaring. Read Full Article.

lululemon athletica (LULU) topped Wall Street’s expectations for the sixth time in a row on strong top-line growth as well as improving margins. Read Full Article.

Bill Wilton is the Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Growth Trader serviceZacks Investment Research