Evercore ISI Remains Bullish on Ferrari N.V. (RACE)

Group 1 - Ferrari N.V. reported full-year 2025 results with revenues increasing by 7% to over €7.1 billion, EBIT margin rising by 120 basis points to 29.5%, and industrial free cash flow exceeding €1.5 billion [1] - Management attributes positive trends to product mix, sponsorships, and personalizations, indicating strong demand for Ferrari and a disciplined management approach in every market [1] - The order book for Ferrari extends towards the end of 2027, reflecting the company's exclusivity model [1] Group 2 - Ferrari unveiled the interior design and name of its new full-electric sports car, Ferrari Luce, marking a significant milestone in the company's history [2] - The world première of Ferrari Luce is scheduled to take place in Rome on May 25, 2026 [2] Group 3 - Ferrari operates as a manufacturer, designer, and retailer of luxury sports cars, producing one-off and limited-series cars under the Ferrari brand [3] - The company has a presence in over 60 markets globally through a network of authorized dealers [3]