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Strength Seen in Ferrari (RACE): Can Its 3.2% Jump Turn into More Strength?
ZACKS· 2025-03-28 08:55
Group 1: Company Overview - Ferrari shares increased by 3.2% to close at $426.82, with higher trading volume compared to normal sessions, despite a 13.8% loss over the past four weeks [1] - The luxury automaker announced a 10% price increase on select models starting April 1 to address new U.S. auto tariffs, while maintaining its financial targets for the year [2] Group 2: Financial Performance Expectations - Ferrari is expected to report quarterly earnings of $2.29 per share, reflecting an 8% year-over-year increase, with revenues projected at $1.81 billion, a 5.2% increase from the previous year [3] - The consensus EPS estimate for Ferrari has been revised 0.9% lower in the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [4] Group 3: Industry Context - Ferrari is part of the Zacks Automotive - Original Equipment industry, where another company, Adient, saw its stock drop 10.5% to $13.51, with a -10% return over the past month [4] - Adient's consensus EPS estimate has changed by +0.3% to $0.32, representing a significant decline of 40.7% from the previous year [5]
The Impact Of Tariffs On European Automakers: Ferrari Is The Only One I Am Buying
Seeking Alpha· 2025-03-27 17:32
The big trade risk ignites once again in the market, with President Trump announcing 25% tariffs on cars and car parts imported into the U.S. to expand America's auto manufacturing prowess . Reportedly, Trump statedI focus on long term growth and dividend growth investing. I follow both the US and the European stock markets, looking for undervalued stock and/or for high quality dividend growing companies that provide me with cash to reinvest. Over time, I have come to realize that profitability is a much sa ...
FERRARI: COMMERCIAL POLICY UPDATE
GlobeNewswire· 2025-03-27 13:47
FERRARI: COMMERCIAL POLICY UPDATE Maranello, 27 March 2025 - Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) announces it will update its commercial policy, based on the preliminary information currently available regarding the introduction of import tariffs on EU cars into the USA. While reaffirming its commitment to maximum client attention and protection and with the goal to provide certainty to them: The commercial terms will remain unchanged for orders of all models imported before April 2, ...
Ferrari: Driving Luxury And Innovation
Seeking Alpha· 2025-03-19 13:32
Ferrari N.V. (NYSE: RACE ) is far more than an automaker. It has elevated itself to a luxury brand known for scarcity-driven pricing power, cutting-edge innovation, and a loyal ultra-wealthy clientele. Its strategic positioning mirrors that of high-end fashion houses like Hermes ("AWS Certified AI Practitioner Early Adopter"I am a DevOps Engineer for a major, wholly owned subsidiary of a large-cap Fortune 500. I am a true subject-matter expert on the actual buildout, deployment, and maintenance of AI tools ...
Ferrari N.v.: Report on the Share Buyback Related to Granting Share Process
GlobeNewswire· 2025-03-17 17:52
Maranello (Italy), March 17, 2025 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that on March 13, 2025, in the Ferrari Group employees’ granting share process, the Company assigned No. 113,466 common shares held in treasury. On the same day Ferrari purchased at the average price of Euro 414.0109 per share, in a “cross order” transaction executed on the EXM, No. 47,907 common shares sold by the assignees in order to cover their individual's taxable income as standard practice (Sell to ...
Ferrari car buyers are getting younger. CEO says 40% of new clients are now under 40
CNBC· 2025-03-17 03:32
Group 1 - Ferrari is experiencing a rise in popularity among younger buyers, with 40% of new clients now under the age of 40, up from 30% just over 18 months ago [1][2] - The company maintains a strategy of exclusivity, with nearly 75% of all Ferraris sold to existing customers as of last year [2] - Ferrari's CEO emphasized that the more-than-two-year wait time for new cars is part of a "very pleasant" customer experience, despite prospective buyers urging for faster production [2]
Ferrari CEO says carmaker is 'ready' with countermeasures as Europe's automakers brace for tariffs
CNBC· 2025-03-13 05:50
Ferrari logo is seen outside the Ferrari headquarters in Maranello during Lewis Hamilton's first official days as a Scuderia Ferrari F1 driver at Fiorano Circuit on January 21, 2025 in Fiorano Modenese, Italy.The chief executive of Ferrari on Thursday said the company was prepared for potential U.S. tariffs on European automakers."We are ready with some countermeasures," Ferrari CEO Benedetto Vigna told CNBC's Robert Frank at CONVERGE LIVE in Singapore on Thursday."We are watching what's going to happen in ...
Ferrari N.v.: Completion of the Seventh Tranche of the Multi-Year Share Repurchase Program
Newsfilter· 2025-03-07 15:24
Maranello (Italy), March 7, 2025 – Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari" or the "Company") informs that, following the accelerated bookbuild offering made by Exor N.V. on February 26, 2025, the Company participated in the offering by purchasing No. 666,666 common shares for a total consideration of 299,999,700 Euro (the "Transaction"). The Transaction constituted the seventh tranche (the "Seventh Tranche") of the multi-year share buyback program of approximately Euro 2.0 billion announced during our 202 ...
FERRARI PUBLISHES AGENDA FOR THE 2025 AGM
Newsfilter· 2025-03-05 10:50
Maranello (Italy), March 5, 2025 - Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari") announced today that it has published the agenda and the explanatory notes for the 2025 Annual General Meeting of Shareholders ("AGM"), which will be held on April 16, 2025 in Amsterdam, beginning at 9:00 a.m. CEST. Ferrari's AGM notice and explanatory notes, AGM materials and other instructions are available under the section Governance on Ferrari's corporate website at https://www.ferrari.com/en-EN/corporate, where they can be v ...
FERRARI PARTICIPATED AS A PURCHASER IN EXOR'S ACCELERATED BOOKBUILD OFFERING
Newsfilter· 2025-02-27 06:39
Maranello (Italy), February 27, 2025 – Ferrari N.V. (NYSE/EXM: RACE) ("Ferrari" or the "Company") announces that, following the accelerated bookbuild offering made by Exor N.V. ("Exor") on February 26, 2025, the Company has participated in the offering by agreeing to repurchase 666,666 common shares for a total consideration of Euro 300 million, at the same price per share determined by the offering (the "Transaction"). The Transaction is being financed by Ferrari's cash on hand.  The Transaction represents ...