diff --git a/crates/uv-cli/src/lib.rs b/crates/uv-cli/src/lib.rs
index 8f9e1efca0b2..62cdac90d0e8 100644
--- a/crates/uv-cli/src/lib.rs
+++ b/crates/uv-cli/src/lib.rs
@@ -2758,7 +2758,7 @@ pub enum ToolCommand {
     /// By default, the package to install is assumed to match the command name.
     ///
     /// The name of the command can include an exact version in the format
-    /// `<package>@<version>`, e.g., `uv run ruff@0.3.0`. If more complex
+    /// `<package>@<version>`, e.g., `uv tool run ruff@0.3.0`. If more complex
     /// version specification is desired or if the command is provided by a
     /// different package, use `--from`.
     ///
diff --git a/crates/uv-configuration/src/package_options.rs b/crates/uv-configuration/src/package_options.rs
index 0a58d9987312..4fd8e5dad64b 100644
--- a/crates/uv-configuration/src/package_options.rs
+++ b/crates/uv-configuration/src/package_options.rs
@@ -74,7 +74,7 @@ pub enum Upgrade {
 }
 
 impl Upgrade {
-    /// Determine the upgrade strategy from the command-line arguments.
+    /// Determine the [`Upgrade`] strategy from the command-line arguments.
     pub fn from_args(upgrade: Option<bool>, upgrade_package: Vec<Requirement>) -> Self {
         match upgrade {
             Some(true) => Self::All,
@@ -97,6 +97,15 @@ impl Upgrade {
         }
     }
 
+    /// Create an [`Upgrade`] strategy to upgrade a single package.
+    pub fn package(package_name: PackageName) -> Self {
+        Self::Packages({
+            let mut map = FxHashMap::default();
+            map.insert(package_name, vec![]);
+            map
+        })
+    }
+
     /// Returns `true` if no packages should be upgraded.
     pub fn is_none(&self) -> bool {
         matches!(self, Self::None)
@@ -130,6 +139,25 @@ impl Upgrade {
             Either::Left(std::iter::empty())
         }
     }
+
+    /// Combine a set of [`Upgrade`] values.
+    #[must_use]
+    pub fn combine(self, other: Self) -> Self {
+        match (self, other) {
+            // If both are `None`, the result is `None`.
+            (Self::None, Self::None) => Self::None,
+            // If either is `All`, the result is `All`.
+            (Self::All, _) | (_, Self::All) => Self::All,
+            // If one is `None`, the result is the other.
+            (Self::Packages(a), Self::None) => Self::Packages(a),
+            (Self::None, Self::Packages(b)) => Self::Packages(b),
+            // If both are `Packages`, the result is the union of the two.
+            (Self::Packages(mut a), Self::Packages(b)) => {
+                a.extend(b);
+                Self::Packages(a)
+            }
+        }
+    }
 }
 
 /// Create a [`Refresh`] policy by integrating the [`Upgrade`] policy.
diff --git a/crates/uv/src/commands/tool/install.rs b/crates/uv/src/commands/tool/install.rs
index e83e06c91041..4e41fc7cf478 100644
--- a/crates/uv/src/commands/tool/install.rs
+++ b/crates/uv/src/commands/tool/install.rs
@@ -4,11 +4,13 @@ use std::str::FromStr;
 use anyhow::{bail, Result};
 use distribution_types::UnresolvedRequirementSpecification;
 use owo_colors::OwoColorize;
+use pep440_rs::{VersionSpecifier, VersionSpecifiers};
+use pep508_rs::MarkerTree;
+use pypi_types::{Requirement, RequirementSource};
 use tracing::debug;
-
-use uv_cache::Cache;
+use uv_cache::{Cache, Refresh, Timestamp};
 use uv_client::{BaseClientBuilder, Connectivity};
-use uv_configuration::Concurrency;
+use uv_configuration::{Concurrency, Upgrade};
 use uv_normalize::PackageName;
 use uv_python::{
     EnvironmentPreference, PythonDownloads, PythonInstallation, PythonPreference, PythonRequest,
@@ -24,6 +26,7 @@ use crate::commands::project::{
     resolve_environment, resolve_names, sync_environment, update_environment,
 };
 use crate::commands::tool::common::remove_entrypoints;
+use crate::commands::tool::Target;
 use crate::commands::{reporters::PythonDownloadReporter, tool::common::install_executables};
 use crate::commands::{ExitStatus, SharedState};
 use crate::printer::Printer;
@@ -44,7 +47,7 @@ pub(crate) async fn install(
     connectivity: Connectivity,
     concurrency: Concurrency,
     native_tls: bool,
-    cache: &Cache,
+    cache: Cache,
     printer: Printer,
 ) -> Result<ExitStatus> {
     let client_builder = BaseClientBuilder::new()
@@ -63,7 +66,7 @@ pub(crate) async fn install(
         python_preference,
         python_downloads,
         &client_builder,
-        cache,
+        &cache,
         Some(&reporter),
     )
     .await?
@@ -76,24 +79,28 @@ pub(crate) async fn install(
         .connectivity(connectivity)
         .native_tls(native_tls);
 
-    // Resolve the `from` requirement.
-    let from = if let Some(from) = from {
-        // Parse the positional name. If the user provided more than a package name, it's an error
-        // (e.g., `uv install foo==1.0 --from foo`).
-        let Ok(package) = PackageName::from_str(&package) else {
-            bail!("Package requirement (`{from}`) provided with `--from` conflicts with install request (`{package}`)", from = from.cyan(), package = package.cyan())
-        };
+    // Parse the input requirement.
+    let target = Target::parse(&package, from.as_deref());
 
-        let source = if editable {
-            RequirementsSource::Editable(from)
-        } else {
-            RequirementsSource::Package(from)
-        };
-        let requirements = RequirementsSpecification::from_source(&source, &client_builder)
-            .await?
-            .requirements;
+    // If the user passed, e.g., `ruff@latest`, refresh the cache.
+    let cache = if target.is_latest() {
+        cache.with_refresh(Refresh::All(Timestamp::now()))
+    } else {
+        cache
+    };
 
-        let from_requirement = {
+    // Resolve the `--from` requirement.
+    let from = match target {
+        // Ex) `ruff`
+        Target::Unspecified(name) => {
+            let source = if editable {
+                RequirementsSource::Editable(name.to_string())
+            } else {
+                RequirementsSource::Package(name.to_string())
+            };
+            let requirements = RequirementsSpecification::from_source(&source, &client_builder)
+                .await?
+                .requirements;
             resolve_names(
                 requirements,
                 &interpreter,
@@ -102,49 +109,106 @@ pub(crate) async fn install(
                 connectivity,
                 concurrency,
                 native_tls,
-                cache,
+                &cache,
                 printer,
             )
             .await?
             .pop()
             .unwrap()
-        };
+        }
+        // Ex) `ruff@0.6.0`
+        Target::Version(name, ref version) => {
+            if editable {
+                bail!("`--editable` is only supported for local packages");
+            }
 
-        // Check if the positional name conflicts with `--from`.
-        if from_requirement.name != package {
-            // Determine if it's an entirely different package (e.g., `uv install foo --from bar`).
-            bail!(
-                "Package name (`{}`) provided with `--from` does not match install request (`{}`)",
-                from_requirement.name.cyan(),
-                package.cyan()
-            );
+            Requirement {
+                name: PackageName::from_str(name)?,
+                extras: vec![],
+                marker: MarkerTree::default(),
+                source: RequirementSource::Registry {
+                    specifier: VersionSpecifiers::from(VersionSpecifier::equals_version(
+                        version.clone(),
+                    )),
+                    index: None,
+                },
+                origin: None,
+            }
         }
+        // Ex) `ruff@latest`
+        Target::Latest(name) => {
+            if editable {
+                bail!("`--editable` is only supported for local packages");
+            }
 
-        from_requirement
-    } else {
-        let source = if editable {
-            RequirementsSource::Editable(package.clone())
-        } else {
-            RequirementsSource::Package(package.clone())
-        };
-        let requirements = RequirementsSpecification::from_source(&source, &client_builder)
+            Requirement {
+                name: PackageName::from_str(name)?,
+                extras: vec![],
+                marker: MarkerTree::default(),
+                source: RequirementSource::Registry {
+                    specifier: VersionSpecifiers::empty(),
+                    index: None,
+                },
+                origin: None,
+            }
+        }
+        // Ex) `ruff>=0.6.0`
+        Target::UserDefined(package, from) => {
+            // Parse the positional name. If the user provided more than a package name, it's an error
+            // (e.g., `uv install foo==1.0 --from foo`).
+            let Ok(package) = PackageName::from_str(package) else {
+                bail!("Package requirement (`{from}`) provided with `--from` conflicts with install request (`{package}`)", from = from.cyan(), package = package.cyan())
+            };
+
+            let source = if editable {
+                RequirementsSource::Editable(from.to_string())
+            } else {
+                RequirementsSource::Package(from.to_string())
+            };
+            let requirements = RequirementsSpecification::from_source(&source, &client_builder)
+                .await?
+                .requirements;
+
+            // Parse the `--from` requirement.
+            let from_requirement = resolve_names(
+                requirements,
+                &interpreter,
+                &settings,
+                &state,
+                connectivity,
+                concurrency,
+                native_tls,
+                &cache,
+                printer,
+            )
             .await?
-            .requirements;
+            .pop()
+            .unwrap();
+
+            // Check if the positional name conflicts with `--from`.
+            if from_requirement.name != package {
+                // Determine if it's an entirely different package (e.g., `uv install foo --from bar`).
+                bail!(
+                    "Package name (`{}`) provided with `--from` does not match install request (`{}`)",
+                    from_requirement.name.cyan(),
+                    package.cyan()
+                );
+            }
 
-        resolve_names(
-            requirements,
-            &interpreter,
-            &settings,
-            &state,
-            connectivity,
-            concurrency,
-            native_tls,
-            cache,
-            printer,
-        )
-        .await?
-        .pop()
-        .unwrap()
+            from_requirement
+        }
+    };
+
+    // If the user passed, e.g., `ruff@latest`, we need to mark it as upgradable.
+    let settings = if target.is_latest() {
+        ResolverInstallerSettings {
+            upgrade: settings
+                .upgrade
+                .combine(Upgrade::package(from.name.clone())),
+            ..settings
+        }
+    } else {
+        settings
     };
 
     // Read the `--with` requirements.
@@ -163,7 +227,7 @@ pub(crate) async fn install(
                 connectivity,
                 concurrency,
                 native_tls,
-                cache,
+                &cache,
                 printer,
             )
             .await?,
@@ -209,10 +273,10 @@ pub(crate) async fn install(
 
     let existing_environment =
         installed_tools
-            .get_environment(&from.name, cache)?
+            .get_environment(&from.name, &cache)?
             .filter(|environment| {
                 python_request.as_ref().map_or(true, |python_request| {
-                    if python_request.satisfied(environment.interpreter(), cache) {
+                    if python_request.satisfied(environment.interpreter(), &cache) {
                         debug!("Found existing environment for `{from}`", from = from.name.cyan());
                         true
                     } else {
@@ -227,29 +291,34 @@ pub(crate) async fn install(
             });
 
     // If the requested and receipt requirements are the same...
-    if existing_environment.is_some() {
+    if existing_environment
+        .as_ref()
+        .filter(|_| {
+            // And the user didn't request a reinstall or upgrade...
+            !force
+                && !target.is_latest()
+                && settings.reinstall.is_none()
+                && settings.upgrade.is_none()
+        })
+        .is_some()
+    {
         if let Some(tool_receipt) = existing_tool_receipt.as_ref() {
             let receipt = tool_receipt.requirements().to_vec();
             if requirements == receipt {
-                // And the user didn't request a reinstall or upgrade...
-                if !force && settings.reinstall.is_none() && settings.upgrade.is_none() {
-                    if *tool_receipt.options() != options {
-                        // ...but the options differ, we need to update the receipt.
-                        installed_tools.add_tool_receipt(
-                            &from.name,
-                            tool_receipt.clone().with_options(options),
-                        )?;
-                    }
+                if *tool_receipt.options() != options {
+                    // ...but the options differ, we need to update the receipt.
+                    installed_tools
+                        .add_tool_receipt(&from.name, tool_receipt.clone().with_options(options))?;
+                }
 
-                    // We're done, though we might need to update the receipt.
-                    writeln!(
-                        printer.stderr(),
-                        "`{from}` is already installed",
-                        from = from.cyan()
-                    )?;
+                // We're done, though we might need to update the receipt.
+                writeln!(
+                    printer.stderr(),
+                    "`{from}` is already installed",
+                    from = from.cyan()
+                )?;
 
-                    return Ok(ExitStatus::Success);
-                }
+                return Ok(ExitStatus::Success);
             }
         }
     }
@@ -279,7 +348,7 @@ pub(crate) async fn install(
             connectivity,
             concurrency,
             native_tls,
-            cache,
+            &cache,
             printer,
         )
         .await?
@@ -304,7 +373,7 @@ pub(crate) async fn install(
             connectivity,
             concurrency,
             native_tls,
-            cache,
+            &cache,
             printer,
         )
         .await?;
@@ -327,7 +396,7 @@ pub(crate) async fn install(
             connectivity,
             concurrency,
             native_tls,
-            cache,
+            &cache,
             printer,
         )
         .await?
diff --git a/crates/uv/src/commands/tool/mod.rs b/crates/uv/src/commands/tool/mod.rs
index 9fc990dcc981..b01a4c65ea00 100644
--- a/crates/uv/src/commands/tool/mod.rs
+++ b/crates/uv/src/commands/tool/mod.rs
@@ -1,3 +1,10 @@
+use std::str::FromStr;
+
+use tracing::debug;
+
+use pep440_rs::Version;
+use uv_normalize::PackageName;
+
 mod common;
 pub(crate) mod dir;
 pub(crate) mod install;
@@ -6,3 +13,71 @@ pub(crate) mod run;
 pub(crate) mod uninstall;
 pub(crate) mod update_shell;
 pub(crate) mod upgrade;
+
+#[derive(Debug, Clone)]
+pub(crate) enum Target<'a> {
+    /// e.g., `ruff`
+    Unspecified(&'a str),
+    /// e.g., `ruff@0.6.0`
+    Version(&'a str, Version),
+    /// e.g., `ruff@latest`
+    Latest(&'a str),
+    /// e.g., `--from ruff==0.6.0`
+    UserDefined(&'a str, &'a str),
+}
+
+impl<'a> Target<'a> {
+    /// Parse a target into a command name and a requirement.
+    pub(crate) fn parse(target: &'a str, from: Option<&'a str>) -> Self {
+        if let Some(from) = from {
+            return Self::UserDefined(target, from);
+        }
+
+        // e.g. `ruff`, no special handling
+        let Some((name, version)) = target.split_once('@') else {
+            return Self::Unspecified(target);
+        };
+
+        // e.g. `ruff@`, warn and treat the whole thing as the command
+        if version.is_empty() {
+            debug!("Ignoring empty version request in command");
+            return Self::Unspecified(target);
+        }
+
+        // e.g., ignore `git+https://github.com/astral-sh/ruff.git@main`
+        if PackageName::from_str(name).is_err() {
+            debug!("Ignoring non-package name `{name}` in command");
+            return Self::Unspecified(target);
+        }
+
+        match version {
+            // e.g., `ruff@latest`
+            "latest" => return Self::Latest(name),
+            // e.g., `ruff@0.6.0`
+            version => {
+                if let Ok(version) = Version::from_str(version) {
+                    return Self::Version(name, version);
+                }
+            }
+        };
+
+        // e.g. `ruff@invalid`, warn and treat the whole thing as the command
+        debug!("Ignoring invalid version request `{version}` in command");
+        Self::Unspecified(target)
+    }
+
+    /// Returns the name of the executable.
+    pub(crate) fn executable(&self) -> &str {
+        match self {
+            Self::Unspecified(name) => name,
+            Self::Version(name, _) => name,
+            Self::Latest(name) => name,
+            Self::UserDefined(name, _) => name,
+        }
+    }
+
+    /// Returns `true` if the target is `latest`.
+    fn is_latest(&self) -> bool {
+        matches!(self, Self::Latest(_))
+    }
+}
diff --git a/crates/uv/src/commands/tool/run.rs b/crates/uv/src/commands/tool/run.rs
index aa7089bef84c..5f2002897335 100644
--- a/crates/uv/src/commands/tool/run.rs
+++ b/crates/uv/src/commands/tool/run.rs
@@ -1,4 +1,3 @@
-use std::ffi::OsString;
 use std::fmt::Display;
 use std::fmt::Write;
 use std::path::PathBuf;
@@ -12,7 +11,7 @@ use tokio::process::Command;
 use tracing::{debug, warn};
 
 use distribution_types::{Name, UnresolvedRequirementSpecification};
-use pep440_rs::{Version, VersionSpecifier, VersionSpecifiers};
+use pep440_rs::{VersionSpecifier, VersionSpecifiers};
 use pep508_rs::MarkerTree;
 use pypi_types::{Requirement, RequirementSource};
 use uv_cache::{Cache, Refresh, Timestamp};
@@ -35,6 +34,7 @@ use crate::commands::pip::loggers::{
 use crate::commands::pip::operations;
 use crate::commands::project::{resolve_names, ProjectError};
 use crate::commands::reporters::PythonDownloadReporter;
+use crate::commands::tool::Target;
 use crate::commands::{
     project::environment::CachedEnvironment, tool::common::matching_packages, tool_list,
 };
@@ -88,7 +88,11 @@ pub(crate) async fn run(
         return Err(anyhow::anyhow!("No tool command provided"));
     };
 
-    let target = Target::parse(target, from.as_deref())?;
+    let Some(target) = target.to_str() else {
+        return Err(anyhow::anyhow!("Tool command could not be parsed as UTF-8 string. Use `--from` to specify the package name."));
+    };
+
+    let target = Target::parse(target, from.as_deref());
 
     // If the user passed, e.g., `ruff@latest`, refresh the cache.
     let cache = if target.is_latest() {
@@ -291,78 +295,6 @@ fn warn_executable_not_provided_by_package(
     }
 }
 
-#[derive(Debug, Clone)]
-enum Target<'a> {
-    /// e.g., `ruff`
-    Unspecified(&'a str),
-    /// e.g., `ruff@0.6.0`
-    Version(&'a str, Version),
-    /// e.g., `ruff@latest`
-    Latest(&'a str),
-    /// e.g., `--from ruff==0.6.0`
-    UserDefined(&'a str, &'a str),
-}
-
-impl<'a> Target<'a> {
-    /// Parse a target into a command name and a requirement.
-    fn parse(target: &'a OsString, from: Option<&'a str>) -> anyhow::Result<Self> {
-        let Some(target_str) = target.to_str() else {
-            return Err(anyhow::anyhow!("Tool command could not be parsed as UTF-8 string. Use `--from` to specify the package name."));
-        };
-
-        if let Some(from) = from {
-            return Ok(Self::UserDefined(target_str, from));
-        }
-
-        // e.g. `ruff`, no special handling
-        let Some((name, version)) = target_str.split_once('@') else {
-            return Ok(Self::Unspecified(target_str));
-        };
-
-        // e.g. `ruff@`, warn and treat the whole thing as the command
-        if version.is_empty() {
-            debug!("Ignoring empty version request in command");
-            return Ok(Self::Unspecified(target_str));
-        }
-
-        // e.g., ignore `git+https://github.com/astral-sh/ruff.git@main`
-        if PackageName::from_str(name).is_err() {
-            debug!("Ignoring non-package name `{name}` in command");
-            return Ok(Self::Unspecified(target_str));
-        }
-
-        match version {
-            // e.g., `ruff@latest`
-            "latest" => return Ok(Self::Latest(name)),
-            // e.g., `ruff@0.6.0`
-            version => {
-                if let Ok(version) = Version::from_str(version) {
-                    return Ok(Self::Version(name, version));
-                }
-            }
-        };
-
-        // e.g. `ruff@invalid`, warn and treat the whole thing as the command
-        debug!("Ignoring invalid version request `{version}` in command");
-        Ok(Self::Unspecified(target_str))
-    }
-
-    /// Returns the name of the executable.
-    fn executable(&self) -> &str {
-        match self {
-            Self::Unspecified(name) => name,
-            Self::Version(name, _) => name,
-            Self::Latest(name) => name,
-            Self::UserDefined(name, _) => name,
-        }
-    }
-
-    /// Returns `true` if the target is `latest`.
-    fn is_latest(&self) -> bool {
-        matches!(self, Self::Latest(_))
-    }
-}
-
 /// Get or create a [`PythonEnvironment`] in which to run the specified tools.
 ///
 /// If the target tool is already installed in a compatible environment, returns that
diff --git a/crates/uv/src/lib.rs b/crates/uv/src/lib.rs
index 99250e561a97..9188e793eb0e 100644
--- a/crates/uv/src/lib.rs
+++ b/crates/uv/src/lib.rs
@@ -827,7 +827,7 @@ async fn run(cli: Cli) -> Result<ExitStatus> {
                 globals.connectivity,
                 globals.concurrency,
                 globals.native_tls,
-                &cache,
+                cache,
                 printer,
             )
             .await
diff --git a/crates/uv/tests/tool_install.rs b/crates/uv/tests/tool_install.rs
index afc70360a666..03c2330ecd20 100644
--- a/crates/uv/tests/tool_install.rs
+++ b/crates/uv/tests/tool_install.rs
@@ -2541,3 +2541,237 @@ fn tool_install_settings() {
         "###);
     });
 }
+
+/// Test installing a tool with `uv tool install {package}@{version}`.
+#[test]
+fn tool_install_at_version() {
+    let context = TestContext::new("3.12")
+        .with_filtered_counts()
+        .with_filtered_exe_suffix();
+    let tool_dir = context.temp_dir.child("tools");
+    let bin_dir = context.temp_dir.child("bin");
+
+    // Install `black` at `24.1.0`.
+    uv_snapshot!(context.filters(), context.tool_install()
+        .arg("black@24.1.0")
+        .env("UV_TOOL_DIR", tool_dir.as_os_str())
+        .env("XDG_BIN_HOME", bin_dir.as_os_str())
+        .env("PATH", bin_dir.as_os_str()), @r###"
+    success: true
+    exit_code: 0
+    ----- stdout -----
+
+    ----- stderr -----
+    Resolved [N] packages in [TIME]
+    Prepared [N] packages in [TIME]
+    Installed [N] packages in [TIME]
+     + black==24.1.0
+     + click==8.1.7
+     + mypy-extensions==1.0.0
+     + packaging==24.0
+     + pathspec==0.12.1
+     + platformdirs==4.2.0
+    Installed 2 executables: black, blackd
+    "###);
+
+    insta::with_settings!({
+        filters => context.filters(),
+    }, {
+        assert_snapshot!(fs_err::read_to_string(tool_dir.join("black").join("uv-receipt.toml")).unwrap(), @r###"
+        [tool]
+        requirements = [{ name = "black", specifier = "==24.1.0" }]
+        entrypoints = [
+            { name = "black", install-path = "[TEMP_DIR]/bin/black" },
+            { name = "blackd", install-path = "[TEMP_DIR]/bin/blackd" },
+        ]
+
+        [tool.options]
+        exclude-newer = "2024-03-25T00:00:00Z"
+        "###);
+    });
+
+    // Combining `{package}@{version}` with a `--from` should fail (even if they're ultimately
+    // compatible).
+    uv_snapshot!(context.filters(), context.tool_install()
+        .arg("black@24.1.0")
+        .arg("--from")
+        .arg("black==24.1.0")
+        .env("UV_TOOL_DIR", tool_dir.as_os_str())
+        .env("XDG_BIN_HOME", bin_dir.as_os_str())
+        .env("PATH", bin_dir.as_os_str()), @r###"
+    success: false
+    exit_code: 2
+    ----- stdout -----
+
+    ----- stderr -----
+    error: Package requirement (`black==24.1.0`) provided with `--from` conflicts with install request (`black@24.1.0`)
+    "###);
+}
+
+/// Test installing a tool with `uv tool install {package}@latest`.
+#[test]
+fn tool_install_at_latest() {
+    let context = TestContext::new("3.12")
+        .with_filtered_counts()
+        .with_filtered_exe_suffix();
+    let tool_dir = context.temp_dir.child("tools");
+    let bin_dir = context.temp_dir.child("bin");
+
+    // Install `black` at latest.
+    uv_snapshot!(context.filters(), context.tool_install()
+        .arg("black@latest")
+        .env("UV_TOOL_DIR", tool_dir.as_os_str())
+        .env("XDG_BIN_HOME", bin_dir.as_os_str())
+        .env("PATH", bin_dir.as_os_str()), @r###"
+    success: true
+    exit_code: 0
+    ----- stdout -----
+
+    ----- stderr -----
+    Resolved [N] packages in [TIME]
+    Prepared [N] packages in [TIME]
+    Installed [N] packages in [TIME]
+     + black==24.3.0
+     + click==8.1.7
+     + mypy-extensions==1.0.0
+     + packaging==24.0
+     + pathspec==0.12.1
+     + platformdirs==4.2.0
+    Installed 2 executables: black, blackd
+    "###);
+
+    insta::with_settings!({
+        filters => context.filters(),
+    }, {
+        assert_snapshot!(fs_err::read_to_string(tool_dir.join("black").join("uv-receipt.toml")).unwrap(), @r###"
+        [tool]
+        requirements = [{ name = "black" }]
+        entrypoints = [
+            { name = "black", install-path = "[TEMP_DIR]/bin/black" },
+            { name = "blackd", install-path = "[TEMP_DIR]/bin/blackd" },
+        ]
+
+        [tool.options]
+        exclude-newer = "2024-03-25T00:00:00Z"
+        "###);
+    });
+}
+
+/// Test upgrading an already installed tool via `{package}@{latest}`.
+#[test]
+fn tool_install_at_latest_upgrade() {
+    let context = TestContext::new("3.12")
+        .with_filtered_counts()
+        .with_filtered_exe_suffix();
+    let tool_dir = context.temp_dir.child("tools");
+    let bin_dir = context.temp_dir.child("bin");
+
+    // Install `black`.
+    uv_snapshot!(context.filters(), context.tool_install()
+        .arg("black==24.1.1")
+        .env("UV_TOOL_DIR", tool_dir.as_os_str())
+        .env("XDG_BIN_HOME", bin_dir.as_os_str())
+        .env("PATH", bin_dir.as_os_str()), @r###"
+    success: true
+    exit_code: 0
+    ----- stdout -----
+
+    ----- stderr -----
+    Resolved [N] packages in [TIME]
+    Prepared [N] packages in [TIME]
+    Installed [N] packages in [TIME]
+     + black==24.1.1
+     + click==8.1.7
+     + mypy-extensions==1.0.0
+     + packaging==24.0
+     + pathspec==0.12.1
+     + platformdirs==4.2.0
+    Installed 2 executables: black, blackd
+    "###);
+
+    insta::with_settings!({
+        filters => context.filters(),
+    }, {
+        // We should have a tool receipt
+        assert_snapshot!(fs_err::read_to_string(tool_dir.join("black").join("uv-receipt.toml")).unwrap(), @r###"
+        [tool]
+        requirements = [{ name = "black", specifier = "==24.1.1" }]
+        entrypoints = [
+            { name = "black", install-path = "[TEMP_DIR]/bin/black" },
+            { name = "blackd", install-path = "[TEMP_DIR]/bin/blackd" },
+        ]
+
+        [tool.options]
+        exclude-newer = "2024-03-25T00:00:00Z"
+        "###);
+    });
+
+    // Install without the constraint. It should be replaced, but the package shouldn't be installed
+    // since it's already satisfied in the environment.
+    uv_snapshot!(context.filters(), context.tool_install()
+        .arg("black")
+        .env("UV_TOOL_DIR", tool_dir.as_os_str())
+        .env("XDG_BIN_HOME", bin_dir.as_os_str())
+        .env("PATH", bin_dir.as_os_str()), @r###"
+    success: true
+    exit_code: 0
+    ----- stdout -----
+
+    ----- stderr -----
+    Installed 2 executables: black, blackd
+    "###);
+
+    insta::with_settings!({
+        filters => context.filters(),
+    }, {
+        // We should have a tool receipt
+        assert_snapshot!(fs_err::read_to_string(tool_dir.join("black").join("uv-receipt.toml")).unwrap(), @r###"
+        [tool]
+        requirements = [{ name = "black" }]
+        entrypoints = [
+            { name = "black", install-path = "[TEMP_DIR]/bin/black" },
+            { name = "blackd", install-path = "[TEMP_DIR]/bin/blackd" },
+        ]
+
+        [tool.options]
+        exclude-newer = "2024-03-25T00:00:00Z"
+        "###);
+    });
+
+    // Install with `{package}@{latest}`. `black` should be reinstalled with a more recent version.
+    uv_snapshot!(context.filters(), context.tool_install()
+        .arg("black@latest")
+        .env("UV_TOOL_DIR", tool_dir.as_os_str())
+        .env("XDG_BIN_HOME", bin_dir.as_os_str())
+        .env("PATH", bin_dir.as_os_str()), @r###"
+    success: true
+    exit_code: 0
+    ----- stdout -----
+
+    ----- stderr -----
+    Resolved [N] packages in [TIME]
+    Prepared [N] packages in [TIME]
+    Uninstalled [N] packages in [TIME]
+    Installed [N] packages in [TIME]
+     - black==24.1.1
+     + black==24.3.0
+    Installed 2 executables: black, blackd
+    "###);
+
+    insta::with_settings!({
+        filters => context.filters(),
+    }, {
+        // We should have a tool receipt
+        assert_snapshot!(fs_err::read_to_string(tool_dir.join("black").join("uv-receipt.toml")).unwrap(), @r###"
+        [tool]
+        requirements = [{ name = "black" }]
+        entrypoints = [
+            { name = "black", install-path = "[TEMP_DIR]/bin/black" },
+            { name = "blackd", install-path = "[TEMP_DIR]/bin/blackd" },
+        ]
+
+        [tool.options]
+        exclude-newer = "2024-03-25T00:00:00Z"
+        "###);
+    });
+}
diff --git a/docs/concepts/tools.md b/docs/concepts/tools.md
index cf73c183f8ab..502d0cb5314e 100644
--- a/docs/concepts/tools.md
+++ b/docs/concepts/tools.md
@@ -101,6 +101,14 @@ $ uvx --isolated ruff --version
 0.6.2
 ```
 
+`uv tool install` will also respect the `{package}@{version}` and `{package}@latest` specifiers, as
+in:
+
+```console
+$ uv tool install ruff@latest
+$ uv tool install ruff@0.6.0
+```
+
 ### Tools directory
 
 By default, the uv tools directory is named `tools` and is in the uv application state directory,
diff --git a/docs/reference/cli.md b/docs/reference/cli.md
index 8465bbf9d25f..9fc444c73c8d 100644
--- a/docs/reference/cli.md
+++ b/docs/reference/cli.md
@@ -1891,7 +1891,7 @@ Run a command provided by a Python package.
 
 By default, the package to install is assumed to match the command name.
 
-The name of the command can include an exact version in the format `<package>@<version>`, e.g., `uv run ruff@0.3.0`. If more complex version specification is desired or if the command is provided by a different package, use `--from`.
+The name of the command can include an exact version in the format `<package>@<version>`, e.g., `uv tool run ruff@0.3.0`. If more complex version specification is desired or if the command is provided by a different package, use `--from`.
 
 If the tool was previously installed, i.e., via `uv tool install`, the installed version will be used unless a version is requested or the `--isolated` flag is used.