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Ferrari ( (IT:RACE) ) has issued an announcement.
On February 9, 2026, Ferrari reported progress on the first €250 million tranche of its multi-year €3.5 billion share buyback program, initiated on January 5, 2026 and slated to run through 2030. Between February 2 and February 6, 2026, the company repurchased 53,150 shares on Euronext Milan for about €15.1 million, at an average price of €284.23 per share.
Since the December 16, 2025 announcement of this first tranche through February 6, 2026, Ferrari has invested approximately €72.7 million to acquire 246,350 common shares across EXM and NYSE. As of that date, it held 16,890,956 common shares in treasury, equal to 8.71% of issued common shares, underscoring an aggressive capital return policy that may support earnings per share and signal management’s confidence in the company’s long-term valuation.
The most recent analyst rating on (IT:RACE) stock is a Buy with a EUR475.00 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 automotive manufacturer known for its high-performance sports cars and racing heritage, with shares listed on the NYSE and Euronext Milan under the ticker RACE. The company targets the global premium and ultra-luxury automotive market, leveraging its brand strength, limited production strategy, and strong pricing power to sustain margins and shareholder returns.
YTD Price Performance: -11.83%
Average Trading Volume: 503,316
Technical Sentiment Signal: Sell
Current Market Cap: €66.44B
See more data about RACE stock on TipRanks’ Stock Analysis page.