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Ferrari ( (IT:RACE) ) has issued an announcement.
On February 2, 2026, Ferrari reported the latest progress under the €250 million first tranche of its multi-year share buyback program, part of an approximately €3.5 billion repurchase plan expected to run through 2030. Between January 26 and January 30, 2026, the company repurchased 54,500 common shares on Euronext Milan for about €15.37 million at an average price of €282.10 per share, bringing total purchases since the January 5, 2026 start of the broader program to 193,200 shares for €57.63 million across EXM and NYSE. As of January 30, 2026, Ferrari held 16,837,806 common shares in treasury, equal to 8.68% of issued common shares (9.14% including special voting shares), underscoring an ongoing capital return strategy that tightens the free float and may support earnings per share and shareholder value over time.
The most recent analyst rating on (IT:RACE) stock is a Hold with a EUR303.00 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., headquartered in Maranello, Italy, is a luxury automotive manufacturer renowned for high-performance sports cars and racing heritage, with its shares listed on the NYSE and Euronext Milan under the ticker RACE. The company operates in the premium and supercar segment, targeting affluent global customers and investors attracted to its strong brand, limited-production strategy, and disciplined capital allocation, including active use of share buybacks.
YTD Price Performance: -11.89%
Average Trading Volume: 515,164
Technical Sentiment Signal: Sell
Current Market Cap: €66.39B
Learn more about RACE stock on TipRanks’ Stock Analysis page.