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An update from Ferrari ( (IT:RACE) ) is now available.
On February 10, 2025, Ferrari N.V. announced the completion of another tranche in its multi-year share buyback program, initially revealed during the 2022 Capital Markets Day. The sixth tranche involved the purchase of additional common shares on the Euronext Milan, with a total investment of approximately Euro 110 million. This ongoing buyback program, expected to reach approximately Euro 2 billion by 2026, illustrates Ferrari’s commitment to enhancing shareholder value and underscores its strong financial position. As of February 7, 2025, Ferrari held 15,058,510 common shares in treasury, representing 5.86% of its total issued share capital.
More about Ferrari
Ferrari N.V. is a leading company in the luxury sports car industry, known for its high-performance vehicles and a strong presence in the global automotive market.
YTD Price Performance: 7.21%
Average Trading Volume: 285,376
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $108.9B
For a thorough assessment of RACE stock, go to TipRanks’ Stock Analysis page.
