UTI EBITDA Guidance Cut Investigation

Universal Technical Institute (UTI) lowered its fiscal 2026 baseline adjusted EBITDA outlook to above $135 million from more than $155 million, a reduction of roughly $20 million, citing weaker-than-expected fourth-quarter starts in the high-school auto and diesel channel and a faster mix shift toward shorter-duration, lower-margin programs. The company reported fiscal Q3 2026 revenue of $218.9 million, up 7.2% year over year, but shares fell sharply from $42.37 to $27.87, a decline of nearly 35%. Levi & Korsinsky, LLP launched an investigation into potential securities law violations, focusing on whether UTI adequately disclosed the risks to its outlook before the reduction. The investigation references statements made on the May 6, 2026 earnings call by CFO Bruce Schuman and CEO Jerome Grant, who reaffirmed the outlook and expressed confidence in student starts. The firm is seeking investors who suffered losses to participate in the investigation.