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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting its long-term commitment to capital distribution, Ferrari announced the purchase of additional common shares as part of the second tranche of its multi-year share buyback program. This execution aligns with the strategy disclosed during the company's 2025 Capital Markets Day, with the current tranche targeting 250 million Euros. These operations are part of a larger 3.5 billion Euro program scheduled for completion by 2030.
Ferrari's buyback activity occurs as luxury automakers face mixed sector pressures, yet the company continues to outperform peers in margin retention; Ferrari reported a 25% increase in net profit in its most recent quarterly results (Search Citation). Per market data, RACE shares have shown relative stability compared to broader volatility in the European automotive sector, bolstered by a strong order book extending into 2026.
Regarding market performance, RACE stock stood at 384.97 USD (at close 2026-07-02), having reached a day high of 385.49 USD. Traders are currently monitoring technical support levels near 376.97 USD, the recent session low. Looking ahead at the economic calendar, there are no immediate company-specific catalysts, leaving investor focus on the pace of buyback execution and its accretion to earnings per share.