Ferrari Details Progress on €3.5 Billion Multi-Year Share Buyback as Treasury Holdings Rise
Claim 55% Off TipRanks
- Unlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis.
- Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter
Ferrari ( (IT:RACE) ) has issued an update.
Ferrari N.V. reported on June 3, 2026 that it continued executing the €250 million second tranche of its multi-year share buyback program, itself part of an approximately €3.5 billion plan expected to run through 2030. Between May 26 and May 28, 2026, the company repurchased 90,239 common shares across Euronext Milan and the NYSE, for a total consideration of about €25.76 million, with transactions disclosed daily on both exchanges.
Since the launch of this second tranche on April 10, 2026 through June 2, 2026, Ferrari has invested roughly €104.94 million on 360,810 shares on Euronext Milan and about €17.55 million equivalent on 62,087 shares on the NYSE, increasing its treasury stock position. As of June 2, 2026, Ferrari held 17,842,568 common shares in treasury, or 9.20% of issued common shares (9.53% including special voting shares), while a previously approved cancellation of treasury shares from the April 15, 2026 AGM had not yet been implemented, underlining ongoing balance-sheet optimization and shareholder-distribution efforts.
The company also disclosed that, from the start of the broader €3.5 billion buyback program on January 5, 2026 to June 2, 2026, it had repurchased a total of 1,308,342 own common shares on Euronext Milan and the NYSE, including sell-to-cover transactions, for an aggregate consideration of about €383.25 million. This sustained pace of repurchases reinforces Ferrari’s capital-return strategy and may support earnings per share over time by reducing the free float, while the pending cancellation of treasury shares could further enhance capital efficiency once executed.
The most recent analyst rating on (IT:RACE) stock is a Buy
with a EUR402.00 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 and racing cars. Listed on both Euronext Milan and the New York Stock Exchange under the ticker RACE, the company targets the global premium and ultra-luxury automotive market, leveraging its brand heritage, racing pedigree, and limited production strategy to sustain pricing power and exclusivity.
Ferrari also actively manages its capital structure via multi-year share repurchase programs, using buybacks to return capital to shareholders and adjust its free float and treasury share position. These programs form part of a broader financial strategy outlined at its Capital Markets Day, aimed at supporting long-term value creation and signaling confidence in its earnings and cash-flow outlook.
Average Trading Volume: 590,791
Technical Sentiment Signal: Hold
Current Market Cap: €72.05B
See more data about RACE stock on TipRanks’ Stock Analysis page.
