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Ferrari ( (IT:RACE) ) has provided an update.
On March 2, 2026, Ferrari reported progress on the €250 million first tranche of its multi-year €3.5 billion share buyback program, announced in December 2025 as part of its 2025 Capital Markets Day strategy. Between February 23 and February 27, 2026, the company repurchased 30,750 shares on Euronext Milan for about €9.7 million at an average price of €315.92 per share.
Since the multi-year program began on January 5, 2026, Ferrari has spent roughly €101.4 million to buy back 338,393 shares across EXM and NYSE, including sell-to-cover transactions. As of February 27, 2026, the company held 16,982,999 common shares in treasury, equal to 8.76% of issued common shares, underscoring an ongoing capital return strategy that tightens free float and may support earnings per share over time.
The most recent analyst rating on (IT:RACE) stock is a Buy with a EUR351.00 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 based in Maranello, Italy, best known for its high-performance sports cars and participation in premium and racing segments. Listed in New York and Milan under the ticker RACE, the company targets affluent global customers and positions itself as a top-tier brand in the luxury performance car market.
YTD Price Performance: 0.85%
Average Trading Volume: 582,111
Technical Sentiment Signal: Buy
Current Market Cap: €75.99B
See more insights into RACE stock on TipRanks’ Stock Analysis page.