Ferrari N.V., through its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hypercars; one-off and track cars; and Icona cars. It also provides racing cars; and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars. In addition, the company licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods; Ferrari World, a theme park in Abu Dhabi, the United Arab Emirates; and Ferrari Land Portaventura, a theme park in Europe. Further, it provides direct or indirect finance and leasing services to retail clients and dealers; manages race tracks, as well as owns and manages two museums in Maranello and Modena, Italy; and develops and sells a line of apparel and accessories through its monobrand stores. As of December 31, 2020, it had a total of 36 retail Ferrari stores, including 18 franchised stores and 18 owned stores. The company also sells its products through a network of 168 authorized dealers operating 188 points of sale worldwide, as well as through its Website, store.ferrari.com. Ferrari N.V. was founded in 1947 and is headquartered in Maranello, Italy.
IPO Year: 2015
Exchange: NYSE
Website: ferrari.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/11/2024 | $385.00 → $525.00 | Neutral → Overweight | JP Morgan |
| 8/27/2024 | $400.00 → $520.00 | Overweight | Morgan Stanley |
| 8/2/2024 | Equal Weight → Overweight | Barclays | |
| 5/10/2024 | $408.00 → $403.00 | Hold | Jefferies |
| 4/4/2024 | Overweight → Equal Weight | Barclays | |
| 3/4/2024 | Neutral → Sell | Citigroup | |
| 12/13/2023 | Outperform → Neutral | Exane BNP Paribas | |
| 12/13/2023 | Buy → Hold | HSBC Securities | |
| 11/7/2023 | $375.00 | Outperform | Evercore ISI |
| 11/6/2023 | Equal Weight → Overweight | Barclays |
6-K - Ferrari N.V. (0001648416) (Filer)
6-K - Ferrari N.V. (0001648416) (Filer)
6-K - Ferrari N.V. (0001648416) (Filer)
6-K - Ferrari N.V. (0001648416) (Filer)
6-K - Ferrari N.V. (0001648416) (Filer)
6-K - Ferrari N.V. (0001648416) (Filer)
6-K - Ferrari N.V. (0001648416) (Filer)
6-K - Ferrari N.V. (0001648416) (Filer)
6-K - Ferrari N.V. (0001648416) (Filer)
6-K - Ferrari N.V. (0001648416) (Filer)
Maranello (Italy), November 11, 2024 – Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari" or the "Company") informs that the Company has purchased, under the Euro 250 million share buyback program announced on June 28, 2024, as the fifth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the "Fifth Tranche"), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) as follows: TradingDate(dd/mm/yyyy)Stock ExchangeNumber of common shares purchasedAverage price per shareexcluding fees(€)Consideration excluding fees(€)04/11/202
Net revenues of Euro 1,644 million, up 6.5% versus prior year, with total shipments of 3,383 unitsAdjusted EBIT(1) of Euro 467 million, up 10.3% versus prior year, with adjusted EBIT(1) margin of 28.4%Adjusted net profit(1) of Euro 375 million and adjusted diluted EPS(1) at Euro 2.08Adjusted EBITDA(1) of Euro 638 million, up 7.1% versus prior year, with adjusted EBITDA(1) margin of 38.8%Industrial free cash flow(1) generation of Euro 364 million "The third quarter once again shows growing results for Ferrari, driven by a strong product mix and increased personalizations" said Benedetto Vigna, CEO of Ferrari. "It confirms our commitment to deliver on the promises we made at our Capital Marke
Maranello (Italy), November 4, 2024 – Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari" or the "Company") informs that the Company has purchased, under the Euro 250 million share buyback program announced on June 28, 2024, as the fifth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the "Fifth Tranche"), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) as follows: TradingDate(dd/mm/yyyy)Stock ExchangeNumber of common shares purchasedAverage price per shareexcluding fees(€)Consideration excluding fees(€)28/10/2024
Maranello (Italy), October 28, 2024 – Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari" or the "Company") informs that the Company has purchased, under the Euro 250 million share buyback program announced on June 28, 2024, as the fifth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the "Fifth Tranche"), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) as follows: TradingDate(dd/mm/yyyy)Stock ExchangeNumber of common shares purchasedAverage price per shareexcluding fees(€)Consideration excluding fees(€)21/10/2024
Maranello (Italy), 23 October 2024 – Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari" o la "Società") is pleased to announce the multi-year renewal of its partnership with Shell, signed today. This agreement, which will take effect on 1 January 2026, encompasses Scuderia Ferrari HP, Ferrari Hypercar, and the Ferrari Challenge Series. Attachment FNV_PR_Shell_ENG_
Maranello (Italy), October 21, 2024 – Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari" or the "Company") informs that the Company has purchased, under the Euro 250 million share buyback program announced on June 28, 2024, as the fifth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the "Fifth Tranche"), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) as follows: TradingDate(dd/mm/yyyy)Stock ExchangeNumber of common shares purchasedAverage price per shareexcluding fees(€)Consideration excluding fees(€)14/10/2024
Maranello (Italy), October 16, 2024 - Ferrari N.V. ("Ferrari") (NYSE/EXM: RACE) announced today that its financial results for the third quarter of 2024 will be released on Tuesday, November 5, 2024. A live audio webcast and conference call of the 2024 Q3 results will begin at 2:00 p.m. GMT / 3:00 p.m. CET / 9:00 a.m. EST on Tuesday, November 5. Details for accessing this presentation will be available in the Investors section of Ferrari's corporate website at https://www.ferrari.com/en-EN/corporate prior to the event. Please note that registering in advance is required to access the conference call details. For those unable to participate in the live session, a replay will remain archived
Maranello (Italy), October 14, 2024 – Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari" or the "Company") informs that the Company has purchased, under the Euro 250 million share buyback program announced on June 28, 2024, as the fifth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the "Fifth Tranche"), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) and on the New York Stock Exchange (NYSE) as follows: EXMNYSETotalTradingNumber of common shares purchasedAverage price per shareConsideration excluding feesNumbe
Maranello (Italy), October 7, 2024 – Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari" or the "Company") informs that the Company has purchased, under the Euro 250 million share buyback program announced on June 28, 2024, as the fifth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the "Fifth Tranche"), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) and on the New York Stock Exchange (NYSE) as follows: EXMNYSETotalTradingNumber of common shares purchasedAverage price per shareConsideration excluding feesNumber
Maranello (Italy), October 1, 2024 – Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari" or the "Company") informs that the Company has purchased, under the Euro 250 million share buyback program announced on June 28, 2024, as the fifth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the "Fifth Tranche"), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) and on the New York Stock Exchange (NYSE) as follows: EXMNYSETotalTradingNumber of common shares purchasedAverage price per shareConsideration excluding feesNumber
JP Morgan upgraded Ferrari from Neutral to Overweight and set a new price target of $525.00 from $385.00 previously
Morgan Stanley reiterated coverage of Ferrari with a rating of Overweight and set a new price target of $520.00 from $400.00 previously
Barclays upgraded Ferrari from Equal Weight to Overweight
Jefferies resumed coverage of Ferrari with a rating of Hold and set a new price target of $403.00 from $408.00 previously
Barclays downgraded Ferrari from Overweight to Equal Weight
Citigroup downgraded Ferrari from Neutral to Sell
Exane BNP Paribas downgraded Ferrari from Outperform to Neutral
HSBC Securities downgraded Ferrari from Buy to Hold
Evercore ISI initiated coverage of Ferrari with a rating of Outperform and set a new price target of $375.00
Barclays upgraded Ferrari from Equal Weight to Overweight
Net revenues of Euro 1,644 million, up 6.5% versus prior year, with total shipments of 3,383 unitsAdjusted EBIT(1) of Euro 467 million, up 10.3% versus prior year, with adjusted EBIT(1) margin of 28.4%Adjusted net profit(1) of Euro 375 million and adjusted diluted EPS(1) at Euro 2.08Adjusted EBITDA(1) of Euro 638 million, up 7.1% versus prior year, with adjusted EBITDA(1) margin of 38.8%Industrial free cash flow(1) generation of Euro 364 million "The third quarter once again shows growing results for Ferrari, driven by a strong product mix and increased personalizations" said Benedetto Vigna, CEO of Ferrari. "It confirms our commitment to deliver on the promises we made at our Capital Marke
Maranello (Italy), October 16, 2024 - Ferrari N.V. ("Ferrari") (NYSE/EXM: RACE) announced today that its financial results for the third quarter of 2024 will be released on Tuesday, November 5, 2024. A live audio webcast and conference call of the 2024 Q3 results will begin at 2:00 p.m. GMT / 3:00 p.m. CET / 9:00 a.m. EST on Tuesday, November 5. Details for accessing this presentation will be available in the Investors section of Ferrari's corporate website at https://www.ferrari.com/en-EN/corporate prior to the event. Please note that registering in advance is required to access the conference call details. For those unable to participate in the live session, a replay will remain archived
Maranello (Italy), July 17, 2024 - Ferrari N.V. ("Ferrari") (NYSE/EXM: RACE) announced today that its financial results for the second quarter of 2024 will be released on Thursday, August 1, 2024. A live audio webcast and conference call of the 2024 Q2 results will begin at 2:00 p.m. BST / 3:00 p.m. CEST / 9:00 a.m. EDT on Thursday, August 1. Details for accessing this presentation will be available in the Investors section of Ferrari's corporate website at https://www.ferrari.com/en-EN/corporate prior to the event. Please note that registering in advance is required to access the conference call details. For those unable to participate in the live session, a replay will remain archived on
Robust Mix Sustained a Strong Start to the Year Net revenues of Euro 1,585 million, up 10.9% versus prior year, with total shipments of 3,560 units $1flat versus Q1 2023Adjusted EBIT(1) of Euro 442 million, up 14.8% versus prior year, with adjusted EBIT(1) margin of 27.9%Adjusted net profit(1) of Euro 352 million and adjusted diluted EPS(1) at Euro 1.95Adjusted EBITDA(1) of Euro 605 million, up 12.7% versus prior year, with adjusted EBITDA(1) margin of 38.2%Industrial free cash flow(1) generation of Euro 321 million "The start of the year was very positive: revenues and profits recorded double-digit growth with stable deliveries. This was achieved through an even stronger product and count
Maranello (Italy), April 22, 2024 - Ferrari N.V. ("Ferrari") (NYSE/EXM: RACE) announced today that its financial results for the first quarter of 2024 will be released on Tuesday, May 7, 2024. A live audio webcast and conference call of the 2024 Q1 results will begin at 2:00 p.m. BST / 3:00 p.m. CEST / 9:00 a.m. EDT on Tuesday, May 7. Details for accessing this presentation will be available in the Investors section of Ferrari's corporate website at https://www.ferrari.com/en-EN/corporate prior to the event. Please note that registering in advance is required to access the conference call details. For those unable to participate in the live session, a replay will remain archi
Maranello (Italy), 17 April 2024 - Ferrari N.V. ("Ferrari" or the "Company") (NYSE/EXM: RACE) announced today that all resolutions proposed to Shareholders at the Ferrari's Annual General Meeting of Shareholders (the "AGM") held today in Amsterdam, the Netherlands, were passed. The Shareholders approved the 2023 Annual Accounts, expressed a positive advice with respect to the Remuneration Report 2023 and approved a dividend in cash1 of Euro 2.443 per outstanding common share, totalling approximately Euro 440 million. The outstanding common shares will be quoted ex-dividend from April 22, 2024. The record date for the dividend will be April 23, 2024 on both EXM and NYSE and the dividend
Maranello (Italy), February 22, 2024 - Ferrari N.V. (NYSE/EXM: RACE) (the "Company") announced today that its Board of Directors intends to recommend to the Company's shareholders a dividend distribution to the holders of common shares of Euro 2.443 per common share, with an increase of approximately 35% compared to the prior year and corresponding to a total distribution of approximately Euro 440 million.The distribution will be subject to its approval by the Annual General Meeting of Shareholders which is scheduled to be held on April 17, 2024.If shareholders approve the proposed dividend distribution, the ex-date is expected to be April 22, 2024, the record date April 23, 2024 on bo
Record 2023 Results Strengthen the Foundation for Continuous Growth Net revenues of Euro 5,970 million, up 17.2% versus prior year, with total shipments of 13,663 units up 3.3% versus FY 2022Adjusted EBIT(1) of Euro 1,617 million, up 31.8% versus prior year, with adjusted EBIT(1) margin of 27.1%Adjusted net profit(1) of Euro 1,257 million and adjusted diluted EPS(1) at Euro 6.90Adjusted EBITDA(1) of Euro 2,279 million, up 28.5% versus prior year, with adjusted EBITDA(1) margin of 38.2%Industrial free cash flow(1) generation of Euro 932 million "2023 was a very successful year, during which we strengthened our brand through a number of achievements reflected in our unprecedented financial r
Maranello (Italy), 30 January 2024 - Ferrari N.V. (the "Company") (NYSE/EXM: RACE) announced today the following corporate calendar for year 2024: Earnings Releases1 February 2024 - Group results for 4th quarter and full-year 20237 May 2024 - Group results for 1st quarter 20241 August 2024 - Group results for 2nd quarter 20245 November 2024 - Group results for 3rd quarter 2024 A conference call for financial analysts is also planned on the date of each earnings release. Listen only live webcasts of the presentations as well as related materials will be accessible on the Company's corporate website (https://www.ferrari.com/en-EN/corporate). The Annual General Meeting for the approval of t
Maranello (Italy), January 18, 2024 - Ferrari N.V. ("Ferrari") (NYSE/EXM: RACE) announced today that its financial results for the full year and fourth quarter of 2023 will be released on Thursday, February 1, 2024. A live audio webcast and conference call of the 2023 full year and fourth quarter results will begin at 2:00 p.m. GMT / 3:00 p.m. CET / 9:00 a.m. EST on Thursday, February 1. Details for accessing this presentation will be available in the Investors section of Ferrari's corporate website at https://www.ferrari.com/en-EN/corporate prior to the event. Please note that registering in advance is required to access the conference call details. For those unable to participate in the
Ferrari (NYSE:RACE) has outperformed the market over the past 5 years by 7.45% on an annualized basis producing an average annual return of 20.61%. Currently, Ferrari has a market capitalization of $75.64 billion. Buying $1000 In RACE: If an investor had bought $1000 of RACE stock 5 years ago, it would be worth $2,548.81 today based on a price of $420.77 for RACE at the time of writing. Ferrari's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewe
Ferrari (NYSE:RACE) has outperformed the market over the past 5 years by 7.96% on an annualized basis producing an average annual return of 21.14%. Currently, Ferrari has a market capitalization of $75.89 billion. Buying $1000 In RACE: If an investor had bought $1000 of RACE stock 5 years ago, it would be worth $2,617.80 today based on a price of $422.10 for RACE at the time of writing. Ferrari's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewe
UBS analyst Susy Tibaldi maintains Ferrari (NYSE:RACE) with a Buy and raises the price target from $448 to $478.
- Bloomberg TV Interview
Ferrari NV‘s (NYSE:RACE) first electric car expected to roll out in 2025 will reportedly cost at least €500,000 ($536,567), much higher than Porsche’s electric Taycan. What Happened: The Italian luxury automaker is set to launch its first electric car in late 2025, with a price tag of at least €500,000 ($536,567) without any personalization, Reuters reported, citing a source familiar with the matter. This is a significant premium over the average sale price of around €350,000 for a Ferrari in the first quarter of this year. The new electric vehicle (EV) is expected to be manufactured at a new plant in Maranello, northern Italy, which is set to open on Friday. The plant, also known as t
Investors with a lot of money to spend have taken a bullish stance on Ferrari (NYSE:RACE). And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with RACE, it often means somebody knows something is about to happen. So how do we know what these investors just did? Today, Benzinga's options scanner spotted 9 uncommon options trades for Ferrari. This isn't normal. The overall sentiment of these big-money traders is split between 55% bullish and 33%, bearish. Out of all of the special optio
Ferrari (NYSE:RACE) has outperformed the market over the past 5 years by 8.51% on an annualized basis producing an average annual return of 21.67%. Currently, Ferrari has a market capitalization of $73.91 billion. Buying $1000 In RACE: If an investor had bought $1000 of RACE stock 5 years ago, it would be worth $2,688.34 today based on a price of $410.94 for RACE at the time of writing. Ferrari's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewe
European equities ended Monday broadly positive, while the U.S. market was closed for the Memorial Day holiday. Traders maintained an overall positive risk sentiment on European assets, driven by near-total certainty that the European Central Bank (ECB) will deliver a rate cut at its June meeting. Three key ECB members — chief economist Philip Lane, Finland Central Bank governor Olli Rehn and France Central Bank governor François Villeroy de Galhau — made reassuring statements indicating a rate cut is imminent. “A June rate cut is appropriate if the inflation outlook holds,” Lane said. “Inflation is converging to our 2% target in a sustained way, making it the right time in Ju
Amazon.com Inc.‘s (NASDAQ:AMZN) cloud computing arm, Amazon Web Services (AWS), is negotiating with the Italian government to invest billions of euros to expand its data center operations in the country. This initiative is part of the tech giant’s strategy to enhance its cloud services across Europe, as reported by Reuters on Monday. Discussions are ongoing regarding the scale and location of the investment, with options including expanding AWS’s current site in Milan or establishing a new one. AWS Presence In Europe AWS initially launched its infrastructure in Italy in 2012, and the company had planned to invest 2 billion euros ($2.2 billion) in the country by 2029. The pla
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