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Ferrari ( (IT:RACE) ) has issued an update.
On April 7, 2026, Ferrari reported progress on the €250 million first tranche of its multi-year share buyback program, part of a planned €3.5 billion repurchase to be executed by 2030. Between March 30 and April 2, 2026, the company bought 51,193 shares on Euronext Milan and the NYSE for about €14.8 million, continuing the capital return strategy outlined at its 2025 Capital Markets Day.
Since the First Tranche was announced on December 16, 2025, Ferrari has invested about €187.5 million on EXM and the equivalent of €44.5 million on the NYSE, acquiring a combined 788,793 shares by April 6, 2026 for roughly €232.1 million. As of that date, Ferrari held 17,433,399 treasury shares, equal to 8.99% of issued common shares, underscoring an aggressive buyback approach that supports earnings per share and signals confidence in the company’s long-term value to shareholders.
The most recent analyst rating on (IT:RACE) stock is a Buy with a EUR360.00 price target. To see the full list of analyst forecasts on Ferrari stock, see the IT:RACE Stock Forecast page.
More about Ferrari
Ferrari N.V. is a luxury performance and racing car manufacturer headquartered in Maranello, Italy, listed on the New York Stock Exchange and Euronext Milan under the ticker RACE. The company focuses on high-end sports cars and related brand extensions, targeting affluent global customers and maintaining a premium positioning in the automotive sector.
Average Trading Volume: 603,032
Technical Sentiment Signal: Sell
Current Market Cap: €69.86B
For detailed information about RACE stock, go to TipRanks’ Stock Analysis page.