No material new signal — this is a standard periodic buyback update within a well-telegraphed multi-year program. Traders should monitor the pace of execution (currently ~€443M of €3.5B) and any acceleration that might signal management's view on valuation. Cancellation of treasury shares remains pending; its execution could provide a modest mechanical EPS uplift.
Price Chart
Executive Summary
Ferrari disclosed routine open-market share repurchases under its previously announced second tranche buyback program, buying 28,000 shares on EXM over July 8-9, 2026, for ~€9.2M. Since the second tranche commenced, total consideration has reached ~€182.4M (EXM + NYSE); the multi-year €3.5B program has deployed ~€443M year-to-date through July 10, 2026.
Key Financial Metrics
Key Facts
- Ferrari repurchased 28,000 common shares on EXM on July 8-9, 2026, at an average price of €328.45, for total consideration of ~€9.2M.
- Since the second tranche announcement (April 10, 2026) through July 10, 2026, total buyback consideration has been €147.1M on EXM and ~€40.8M on NYSE.
- As of July 10, 2026, Ferrari held 18,034,969 common shares in treasury (9.30% of total issued common shares, or 9.61% including special voting shares).
- The multi-year buyback program of approximately €3.5 billion (announced at the 2025 Capital Markets Day) has deployed ~€443M through July 10, 2026, since January 5, 2026.
- Cancellation of treasury shares, approved at the April 15, 2026 AGM, has not yet been effectuated.
Financial Impact
Routine weekly buyback disclosure; €9.2M in purchases is ~0.01% of Ferrari's ~$88B market cap. The program is a gradual, pre-announced capital return — not a surprise or escalation.
Risk Factors
- Buyback execution pace may slow if macro conditions deteriorate or cash flow weakens.
- No cancellation effect yet — shares remain in treasury, limiting EPS benefit until cancellation occurs.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3326039 |
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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