This is a routine buyback tranche continuation with no financial results or guidance — expect minimal stock reaction. Monitor the pace of repurchases under the third tranche for signals of management's view on valuation, but the program is pre-committed and non-discretionary on EXM.
Price Chart
Executive Summary
Ferrari completed the second tranche of its multi-year share buyback program (€250M) and announced a third tranche of up to €250M, to run from September 2 to December 16, 2026. The program is part of a ~€3.5B buyback plan through 2030, funded from available cash. This is a routine capital allocation update with no financial results or guidance changes — the buyback continuation signals management's confidence but is not a material new event.
Key Facts
- Second tranche of €250M buyback completed with total consideration of ~€250M (€200M on EXM + ~€50M on NYSE)
- Third tranche of up to €250M announced, starting September 2, 2026, ending no later than December 16, 2026
- Since January 5, 2026, Ferrari has repurchased 1,701,184 common shares for total consideration of €510,757,305.21
- Third tranche has two components: up to €200M on EXM via non-discretionary agreement, and up to €50M on NYSE via mandate
- As of August 28, 2026, Ferrari held 1,590,804 treasury shares (0.90% of common shares, 0.68% of total share capital)
- Buyback authority expires October 14, 2027, authorized for up to 10% of common shares
Financial Impact
Up to €250M in share repurchases under the third tranche; total buyback spend YTD 2026 is €510.8M
Risk Factors
- Buyback may reduce share count but does not change underlying business fundamentals
- Forward-looking statements in the filing are standard boilerplate and carry no actionable guidance
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001648416-26-000111 |
| Document: fnvbb010926prcov.htm | 0001648416-26-000111 |
| Document: 0001648416-26-000111-index-headers.html | 0001648416-26-000111 |
| Document: 0001648416-26-000111-index.html | 0001648416-26-000111 |
| Document: 0001648416-26-000111.txt | 0001648416-26-000111 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | Press Release | $409.08 $416.13 | ▲ +1.72% | ▲ +1.62% | $388.33 (−5.07%) |
Sep 8, 2026 24d ago | 6-K | $405.94 $406.92 | ▲ +0.24% | ▲ +1.36% | $388.33 (−4.34%) |
Sep 1, 2026 4w ago | 6-K | $410.21 $402.33 | ▼ −1.92% | ▼ −2.00% | $388.33 (−5.33%) |
Sep 1, 2026 4w ago | Press Release | $410.21 $402.33 | ▼ −1.92% | ▼ −2.00% | $388.33 (−5.33%) |
Jul 31, 2026 9w ago | 6-K | $393.87 $412.26 | ▲ +4.67% | ▲ +1.16% | $388.33 (−1.41%) |
Jul 30, 2026 9w ago | 6-K | $397.73 $407.28 | ▲ +2.40% | ▼ −1.22% | $388.33 (−2.36%) |
Jul 27, 2026 9w ago | 6-K | $380.01 $393.87 | ▲ +3.65% | ▲ +2.57% | $388.33 (+2.19%) |
Jul 27, 2026 9w ago | Press Release | $380.01 $393.87 | ▲ +3.65% | ▲ +2.57% | $388.33 (+2.19%) |
Jul 20, 2026 10w ago | 6-K | $371.52 $360.14 | ▼ −3.06% | ▼ −2.64% | $388.33 (+4.52%) |
Jul 15, 2026 11w ago | 6-K | $375.74 $371.61 | ▼ −1.10% | ▼ −0.12% | $388.33 (+3.35%) |
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