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 |
|---|---|---|---|
| 2/6/2025 | Hold | Deutsche Bank | |
| 2/5/2025 | Overweight → Equal Weight | Barclays | |
| 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 |
6-K - Ferrari N.V. (0001648416) (Filer)
SCHEDULE 13D/A - Ferrari N.V. (0001648416) (Subject)
6-K - Ferrari N.V. (0001648416) (Filer)
SCHEDULE 13D/A - Ferrari N.V. (0001648416) (Subject)
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Maranello (Italy), March 7, 2025 – Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari" or the "Company") informs that, following the accelerated bookbuild offering made by Exor N.V. on February 26, 2025, the Company participated in the offering by purchasing No. 666,666 common shares for a total consideration of 299,999,700 Euro (the "Transaction"). The Transaction constituted the seventh tranche (the "Seventh Tranche") of the multi-year share buyback program of approximately Euro 2.0 billion announced during our 2022 Capital Market Day (the "Program") and it settled on March 3, 2025. As of March 6, 2025, following the completion of the Seventh Tranche, the Company held in treasury No. 15,785,877 co
Maranello (Italy), March 5, 2025 - Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari") announced today that it has published the agenda and the explanatory notes for the 2025 Annual General Meeting of Shareholders ("AGM"), which will be held on April 16, 2025 in Amsterdam, beginning at 9:00 a.m. CEST. Ferrari's AGM notice and explanatory notes, AGM materials and other instructions are available under the section Governance on Ferrari's corporate website at https://www.ferrari.com/en-EN/corporate, where they can be viewed and downloaded. Shareholders may request a hard copy of these materials, which include Ferrari's audited financial statements, free of charge, through the contact below. Attac
Maranello (Italy), February 27, 2025 – Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari" or the "Company") announces that, following the accelerated bookbuild offering made by Exor N.V. ("Exor") on February 26, 2025, the Company has participated in the offering by agreeing to repurchase 666,666 common shares for a total consideration of Euro 300 million, at the same price per share determined by the offering (the "Transaction"). The Transaction is being financed by Ferrari's cash on hand. The Transaction represents the seventh tranche of the multi-year share buyback program of approximately Euro 2.0 billion announced during our 2022 Capital Markets Day (the "Program") and it falls within the limita
Ferrari, following the accelerated bookbuild offering announced by Exor on February 26, 2025, intends to repurchase up to 10% of Exor's total offering up to a maximum of Euro 300 millionThis share repurchase is to be considered as a part of Ferrari's multi-year Euro 2.0 billion share buyback program as announced during our 2022 CMD. It will constitute the seventh tranche and it will be financed by Ferrari's cash on handOn February 20, 2025, Ferrari completed the sixth tranche announced on December 5, 2024 Maranello (Italy), February 26, 2025 – Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari" or the "Company") announces that, following the accelerated bookbuild offering ("ABO") of Ferrari shares
Maranello (Italy), February 21, 2025 - Ferrari N.V. (NYSE/EXM: RACE) announced today that it has published its 2024 Annual Report and filed with the United States Securities and Exchange Commission its annual report on Form 20-F, including financial statements for the fiscal year ended December 31, 2024. The 2024 Sustainability Statement, prepared for the first time in accordance with the requirements from the European Sustainability Reporting Standard (ESRS) on a voluntary basis, is included in the 2024 Annual Report. Ferrari's 2024 Annual Report and annual report on Form 20-F are available under section Investors on Ferrari's corporate website at https://www.ferrari.com/en-EN/corporate, w
Maranello (Italy), February 20, 2025 - 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 2.986 per common share, with an increase of approximately 22% compared to the prior year and corresponding to a total distribution of approximately Euro 534 million. The distribution will be subject to its approval by the Annual General Meeting of Shareholders which is scheduled to be held on April 16, 2025. If shareholders approve the proposed dividend distribution, the ex-date is expected to be April 22, 2025 on EXM and April 23, 2025 on NYSE,
Maranello (Italy), February 17, 2025 – Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari" or the "Company") informs that the Company has purchased, under the Euro 150 million share buyback program announced on December 5, 2024, as the sixth 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 "Sixth 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 fees
Maranello (Italy), February 10, 2025 – Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari" or the "Company") informs that the Company has purchased, under the Euro 150 million share buyback program announced on December 5, 2024, as the sixth 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 "Sixth 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(€)03/02/
Net revenues of Euro 6,677 million, up 11.8% versus prior year, with total shipments of 13,752 unitsOperating profit (EBIT)(1) of Euro 1,888 million, up 16.7% versus prior year, with Operating profit (EBIT) margin of 28.3%Net profit of Euro 1,526 million and diluted EPS at Euro 8.46EBITDA(1) of Euro 2,555 million, up 12.1% versus prior year, with EBITDA margin of 38.3%Industrial free cash flow(1) generation of Euro 1,027 millionCapital Markets Day on October 9, 2025 in Maranello "Quality of revenues over volumes: I believe this best explains our outstanding financial results in 2024, thanks to a strong product mix and a growing demand for personalizations. On these solid foundations, we exp
Maranello (Italy), February 3, 2025 – Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari" or the "Company") informs that the Company has purchased, under the Euro 150 million share buyback program announced on December 5, 2024, as the sixth 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 "Sixth 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(€)27/01/2
Deutsche Bank initiated coverage of Ferrari with a rating of Hold
Barclays downgraded Ferrari from Overweight to Equal Weight
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
Maranello (Italy), February 20, 2025 - 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 2.986 per common share, with an increase of approximately 22% compared to the prior year and corresponding to a total distribution of approximately Euro 534 million. The distribution will be subject to its approval by the Annual General Meeting of Shareholders which is scheduled to be held on April 16, 2025. If shareholders approve the proposed dividend distribution, the ex-date is expected to be April 22, 2025 on EXM and April 23, 2025 on NYSE,
Net revenues of Euro 6,677 million, up 11.8% versus prior year, with total shipments of 13,752 unitsOperating profit (EBIT)(1) of Euro 1,888 million, up 16.7% versus prior year, with Operating profit (EBIT) margin of 28.3%Net profit of Euro 1,526 million and diluted EPS at Euro 8.46EBITDA(1) of Euro 2,555 million, up 12.1% versus prior year, with EBITDA margin of 38.3%Industrial free cash flow(1) generation of Euro 1,027 millionCapital Markets Day on October 9, 2025 in Maranello "Quality of revenues over volumes: I believe this best explains our outstanding financial results in 2024, thanks to a strong product mix and a growing demand for personalizations. On these solid foundations, we exp
Maranello (Italy), 17 January 2025 - Ferrari N.V. (the "Company") (NYSE/EXM: RACE) announced today the following corporate calendar for year 20251: Earnings Releases 4 February 2025 - Group results for 4th quarter and full-year 20246 May 2025 - Group results for 1st quarter 202531 July 2025 - Group results for 2nd quarter 20254 November 2025 - Group results for 3rd quarter 2025 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
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