Ferrari N.V. buys back shares worth Euro 17.17 million

2 min read     Updated on 22 Jun 2026, 04:11 PM
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Ferrari N.V. purchased 55,223 common shares for Euro 17,176,469.87 between June 11 and June 19, 2026, as part of its Euro 250 million buyback tranche. The company has invested over Euro 409 million in total buybacks since January 5, 2026. As of June 19, 2026, Ferrari held 9.25% of its issued common shares in treasury.

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Ferrari N.V. has repurchased 55,223 common shares for a total consideration of Euro 17,176,469.87 under the second tranche of its multi-year share buyback program. The purchases were executed on the Euronext Milan (EXM) and the New York Stock Exchange (NYSE) between June 11 and June 19, 2026. This tranche is part of a broader Euro 250 million program announced on April 10, 2026, which itself falls under a multi-year buyback plan of approximately Euro 3.5 billion expected to be completed by 2030.

Breakdown of Recent Transactions

The company acquired 36,073 shares on EXM for Euro 11,140,599.55 and 19,150 shares on NYSE for Euro 6,035,870.32. The following table details the daily purchases during the reporting period:

Trading Date (d/m/y) Number of common shares purchased (EXM) Average price per share (€) (EXM) Consideration excluding fees (€) (EXM) Number of common shares purchased (NYSE) Average price per share ($) (NYSE) Consideration excluding fees ($) (NYSE) Consideration excluding fees (€)* (NYSE) Total Number of common shares purchased Average price per share (€)* (Total) Consideration excluding fees (€)* (Total)
11/06/2026 2,057 302.4005 622,037.83 - - - - 2,057 302.4005 622,037.83
12/06/2026 8,756 306.3630 2,682,514.43 - - - - 8,756 306.3630 2,682,514.43
15/06/2026 - - - 5,390 371.0254 1,999,826.91 1,722,949.00 5,390 319.6566 1,722,949.00
16/06/2026 - - - 6,792 368.0724 2,499,947.74 2,156,242.66 6,792 317.4680 2,156,242.66
17/06/2026 10,000 309.6735 3,096,735.00 6,968 358.7552 2,499,806.23 2,156,678.66 16,968 309.6071 5,253,413.66
18/06/2026 5,374 310.2139 1,667,089.50 - - - - 5,374 310.2139 1,667,089.50
19/06/2026 9,886 310.7650 3,072,222.79 - - - - 9,886 310.7650 3,072,222.79
Total 36,073 308.8349 11,140,599.55 19,150 365.5134 6,999,580.88 6,035,870.32 55,223 311.0383 17,176,469.87

(*) Translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase.

Cumulative Buyback Status

Since the announcement of the second tranche on April 10, 2026, until June 19, 2026, Ferrari has invested a total consideration of Euro 125,381,403.07 for 427,782 common shares on EXM. On the NYSE, it purchased 81,237 common shares for USD 27,498,361.68 (Euro 23,588,607.38). Overall, since the start of the multi-year program on January 5, 2026, the company has acquired 1,394,464 common shares on both exchanges for a total consideration of Euro 409,728,095.47.

Treasury Shareholding Position

As of June 19, 2026, Ferrari held 17,928,690 common shares in treasury, net of shares assigned under its equity incentive plan. This represents 9.25% of the then total issued common shares. Including special voting shares, the treasury holding amounts to 9.57% of the total issued share capital. The company noted that the cancellation of treasury shares, approved by the Annual General Meeting of Shareholders on April 15, 2026, has not yet been executed and is not reflected in these calculations.

How will the pending cancellation of treasury shares impact Ferrari's earnings per share and dividend yield?

Will Ferrari accelerate the pace of buybacks to meet the 2030 deadline given current market conditions?

How might the allocation of capital toward the €3.5 billion buyback program affect investment in new EV models?

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Morgan Stanley upgrades Ferrari to Overweight, raises target to $438

0 min read     Updated on 15 Jun 2026, 10:59 PM
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Radhika SScanX News Team
AI Summary

Morgan Stanley analyst Adam Jonas upgraded Ferrari from Equal-Weight to Overweight. The firm raised the price target from $388 to $438.

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Morgan Stanley analyst Adam Jonas upgraded Ferrari from Equal-Weight to Overweight, raising the price target to $438. The previous target was $388. The upgrade reflects increased confidence in the luxury automaker's performance potential.

What specific factors drove Morgan Stanley's increased confidence in Ferrari's performance potential?

How might this upgrade influence other analysts' ratings and price targets for Ferrari?

What are the expected market reactions to Ferrari's stock following this upgrade?

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