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Shares of On Deck Capital Inc. rocketed 32% in afternoon trade Tuesday, to pace the NYSE's gainers, after the online lender to small businesses swung to a third-quarter profit that was well above expectations, and raised its full-year guidance. The stock was headed for the biggest one-day gain since it went public in December 2014. The company reported net income of $9.8 million, or 12 cents a share, after a loss of $4.1 million, or 6 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share were 17 cents, beating the FactSet consensus of 11 cents. Total revenue rose to $103.0 million from $83.7 million, topping the FactSet consensus of $98.3 million. The company raised its guidance ranges for gross revenue to $392 million to $396 million from $380 million to $386 million and for adjusted net income to $40 million to $44 million from $30 million to $36 million. Janney analyst John Rowan raised his stock fair value estimate to $12 from $11 and reiterated his buy rating. "We continue to think that [On Deck] is a strong beneficiary of tax reform, which, coupled with a growing fee business and strong receivables growth, leads to a solid fundamental story," Rowan wrote in a note to clients. The stock has run up 54% year to date, while the S&P 500 has gained 2.9%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.