Toll Brothers shares jumped as much as 5% after-hours on Tuesday after the luxury homebuilder posted a second-quarter profit that topped analyst estimates and lifted its full-year guidance. Investors piled into the stock on the back of the earnings surprise, with the postmarket rally reflecting renewed appetite for luxury housing exposure.

The 5% share move caught traders off guard given recent volatility in housing-related stocks. The profit beat, combined with a raised outlook, suggests that demand for high-end homes remains stronger than much of Wall Street had priced in. Investors had been closely watching how the company would navigate the luxury segment's post-pandemic cooling.

After the fresh earnings surprise, the stock's rally signals that investors see Toll Brothers as positioned to keep capitalizing on the luxury housing rebound. The beat on Q2 profits and lifted full-year guidance together point to stronger demand and better execution at the high end of the market.