Ferrari Steps Up €3.5 Billion Buyback, Lifts Treasury Stake Above 9% of Capital
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The latest update is out from Ferrari ( (IT:RACE) ).
Ferrari N.V. reported on March 23, 2026 that it continued executing the first €250 million tranche of its multi-year €3.5 billion share buyback program, with purchases made between March 16 and March 20, 2026 on both Euronext Milan and the New York Stock Exchange. Over that week the company bought 114,267 shares for about €32.5 million, reflecting its ongoing effort to optimize its capital structure and support shareholder value.
Since the first tranche was announced on December 16, 2025 through March 20, 2026, Ferrari has spent roughly €153.0 million on 514,493 shares on Euronext Milan and the equivalent of about €34.1 million on 115,248 shares on the NYSE. In total, from the January 5, 2026 start of the broader €3.5 billion program to March 20, 2026, Ferrari repurchased 629,741 shares for about €187.1 million, lifting its treasury holdings to 17,274,347 common shares, or 8.91% of issued common shares, underscoring a substantial commitment to buybacks that can concentrate ownership and potentially bolster per-share metrics.
Including special voting shares, Ferrari’s treasury position as of March 20, 2026 represented 9.31% of total issued share capital. The scale and pace of repurchases highlight the company’s confidence in its long-term outlook and provide existing investors with a clearer signal on capital allocation priorities, while incrementally reducing the free float and increasing the influence of remaining shareholders over time.
The most recent analyst rating on (IT:RACE) stock is a Buy with a EUR311.00 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 motorsport. The company is listed on the New York Stock Exchange and Euronext Milan under the ticker RACE, and targets the global market for ultra-premium performance vehicles and related luxury experiences.
Ferrari has pursued an active capital markets strategy, including a multi-year share buyback program to manage its capital structure and return value to shareholders. By holding a significant portion of its own shares in treasury, the company can support earnings per share, enhance shareholder returns, and retain flexibility for equity-based incentive plans and potential strategic transactions in the future.
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For an in-depth examination of RACE stock, go to TipRanks’ Overview page.
