The buyback signals capital return confidence, but the scale is modest relative to market cap. Traders should monitor execution pace, especially on NYSE, and watch for any changes in cash deployment priorities. No fundamental shift in business performance is indicated.
Price Chart
Executive Summary
Ferrari N.V. announced the completion of the first tranche of its €3.5 billion multi-year share buyback program, repurchasing 850,054 shares for €249.999 million. The company is launching a second tranche of up to €250 million, split between Euronext Milan and NYSE, funded by available cash. Treasury holdings now stand at 9.02% of common shares outstanding.
Key Financial Metrics
Key Facts
- First Tranche completed: 850,054 shares repurchased for total consideration of €249.999 million
- Breakdown: 680,168 shares on EXM (€199.999M), 169,886 shares on NYSE (€49.999M equivalent)
- Second Tranche of up to €250 million begins April 13, 2026, with €200M on EXM via non-discretionary agreement and €50M on NYSE via discretionary mandate
- As of April 9, 2026, Ferrari holds 17,494,660 treasury shares (9.02% of common shares, 9.40% of total share capital)
- Buyback authority expires October 15, 2026, unless extended
Financial Impact
€250 million committed for Second Tranche, representing approximately 0.3% of market cap ($82.4B)
Risk Factors
- Execution risk in timing and volume of share purchases under discretionary mandate
- Potential perception of limited capital return given program size vs. cash reserves and market cap
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3271929 |
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%) |
US Market Status
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