Ferrari Expands Second Tranche of €3.5 Billion Share Buyback Program

Ferrari ( (IT:RACE) ) has provided an announcement.

Ferrari has reported progress on the €250 million second tranche of its multi-year share buyback program, launched on April 10, 2026, as part of a broader plan to repurchase about €3.5 billion of shares by 2030. Between May 4 and May 8, 2026, the company bought 73,191 common shares across Euronext Milan and the NYSE for roughly €21 million, continuing its efforts to optimize capital structure and return cash to shareholders.

Since the second tranche’s launch through May 8, 2026, Ferrari has invested about €61.3 million on 206,134 shares on Euronext Milan and approximately €2.55 million equivalent on 8,876 shares on the NYSE. As of that date, Ferrari held 17,634,681 treasury shares, representing 9.09% of issued common shares (9.45% including special voting shares), with a shareholder-approved cancellation of treasury shares still pending implementation, signaling further potential support for earnings per share and long-term shareholder value.

The most recent analyst rating on (IT:RACE) stock is a Buy with a EUR355.00 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 Italian luxury automotive manufacturer best known for its high-performance sports cars and supercars, listed on both the New York Stock Exchange and Euronext Milan. The company targets the global premium and ultra-luxury car market, combining limited-production road vehicles with strong motorsport heritage and a capital markets strategy focused on shareholder returns.

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