Wolfe Research analyst Emmanuel Rosner has initiated coverage on Ferrari with an Outperform rating. The rating indicates a positive outlook for the stock, reflecting confidence in the company's performance and market position.

The Outperform rating suggests that Ferrari is expected to deliver returns above the market average. This assessment is based on the analyst's evaluation of the company's financial health, strategic initiatives, and industry trends.

Ferrari, listed on the NYSE under the ticker symbol RACE, is a luxury automotive manufacturer known for its high-performance sports cars. The company's brand strength and product lineup are key factors contributing to its market appeal.

Investors will likely monitor Ferrari's upcoming earnings reports and strategic developments to gauge the accuracy of Wolfe Research's positive assessment.

Ferrari N.V. has purchased 15,638 common shares on the New York Stock Exchange (NYSE) for a total consideration of €5,087,084.37 as part of the second tranche of its multi-year share buyback program. The transactions, executed on June 29 and June 30, 2026, saw the company acquire shares at an average price of $370.8518 per share, excluding fees. The second tranche was announced on April 10, 2026, and involves a Euro 250 million share buyback program, which is part of a larger multi-year program of approximately Euro 3.5 billion expected to be executed by 2030.

Breakdown of Recent Transactions

The following table details the purchases made on the NYSE during the reporting period:

Cumulative Investment and Treasury Shares

Since the announcement of the second tranche until July 3, 2026, Ferrari N.V. has invested a total consideration of Euro 137,925,977.76 for 468,979 common shares purchased on the EXM. Additionally, the company invested USD 40,797,556.26 (Euro 35,241,239.97) for 118,319 common shares purchased on the NYSE. As of July 3, 2026, the company held 18,006,969 common shares in treasury, net of shares assigned under its equity incentive plan, representing 9.29% of the then total issued common shares. Including special voting shares, the treasury holding represented 9.60% of the then total issued share capital.

Overall Program Progress

Since the start of the multi-year share buyback program on January 5, 2026, until July 3, 2026, Ferrari N.V. has purchased a total of 1,472,743 own common shares on EXM and NYSE. This includes transactions for Sell to Cover, amounting to a total consideration of Euro 433,925,302.76. The cancellation of treasury shares, approved by the Annual General Meeting of Shareholders on April 15, 2026, has not yet been effectuated and was not taken into account for the treasury share calculations.