Grand Canyon Education Inc (LOPE) Shares Soar 9.08% on Strong Q1 Earnings

Grand Canyon Education Inc (LOPE) shares surged to a record high today, with an intraday gain of 9.08%.

The strategy of buying LOPE shares after they reached a recent high and holding for 1 week yielded strong results over the past 5 years. The annualized return was 21.20%, significantly outperforming the S&P 500's 4.50% return over the same period. This indicates that the strategy captured substantial gains, reflecting LOPE's robust performance and the effectiveness of the high-point entry trigger.

Grand Canyon Education Inc (LOPE) reported strong financial results for the first quarter of 2025. The company's service revenue increased by 5.3%, driven by a 5.8% rise in partner enrollments. Net income grew by 5.3% to $71.6 million, and earnings per share reached $2.57, surpassing analysts' estimates of $2.51 per share. Online enrollment grew by 7.9% and hybrid enrollment by 16.5%, both exceeding expectations. Despite a slight dip in operating margin, the overall financial performance was robust, leading to increased confidence among analysts. Investment firm Baird raised its price target for the company from $202 to $215, reflecting the positive sentiment and strong financial outlook.