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Ferrari Unveils Its First Electric Car, Designed by Former Apple Design Head - Ferrari (NYSE:RACE)
Benzinga· 2026-02-10 07:31
Core Insights - Ferrari has officially unveiled its first electric supercar named "Luce," designed by former Apple design head Jony Ive [1][2] Group 1: Vehicle Specifications - The Luce is powered by four electric motors, delivering over 1,000 horsepower [2] - It features a 122 kWh battery, a 0-60 mph acceleration time of 2.5 seconds, and a range of 330 miles [2] - The vehicle weighs 5,100 lbs and includes four doors and four seats [2] Group 2: Design and Features - The Luce incorporates physical buttons and a retro-inspired steering wheel [2] - It includes a 10-inch infotainment screen similar to an iPad and a 12.5-inch instrument cluster with a physical needle in the digital speedometer [3] - Paddle shifters are located behind the steering wheel to control torque delivery, simulating gear-shifting sensations [3] Group 3: Market Reaction - Following the announcement, Ferrari's stock (RACE) increased by 0.70% to $336.13 at market close and further rose by 0.26% to $337.00 in after-hours trading [4]
BROAD ARROW BRINGS THE ULTIMATE MILLENNIUM-ERA GARAGE LINEUP TO THE 2026 AMELIA AUCTION DURING THE AMELIA CONCOURS
Globenewswire· 2026-02-09 18:57
Core Insights - Broad Arrow Auctions is set to host its Amelia Auction on March 6-7, 2026, featuring over 150 performance cars from the 1990s and 2000s, making it a significant event for collectors and enthusiasts [1][2]. Auction Highlights - The auction will showcase a 1996 Nissan NISMO 400R, estimated between $900,000 and $1,100,000, which gained popularity through the Gran Turismo video game series and is considered a cultural icon [2][3]. - Another highlight is the 2006 Mercedes-Benz CLK DTM AMG Cabriolet, estimated at $550,000 to $650,000, known for its performance and limited production of only 80 units [5][6]. - Additional notable cars include a 1993 Jaguar XJ220, a 1997 Mercedes-Benz SL 70 AMG, a 1997 Porsche 911 Carrera 4S, and a 2001 RUF RGT, each with unique features and historical significance [1][11][22]. Vehicle Specifications - The Nissan NISMO 400R features a 2.8-liter twin-turbocharged inline-six engine, producing 400 horsepower, capable of accelerating from 0 to 60 mph in four seconds, and has a top speed of 186 mph [3][4]. - The CLK DTM AMG Cabriolet is powered by a 5.4-liter supercharged V8 engine, generating 582 horsepower and 590 lb-ft of torque, achieving 0 to 62 mph in four seconds [5][6]. - The 1993 Jaguar XJ220 was the world's fastest production car at its debut, with only 281 units produced, showcasing advanced engineering and design [22]. Market Position - Broad Arrow Auctions, driven by Hagerty, is recognized as a leading global collector car auction house, focusing on connecting exceptional collector cars with enthusiasts worldwide [14]. - The auction aims to cater to a diverse range of collectors, emphasizing cars that have made a significant cultural impact during the Y2K era [10].
Ferrari releases teaser images of new Luce electric sports car
Reuters· 2026-02-09 14:57
Ferrari released teaser images of its new fully electric sports car on Monday, revealing the name and interior design of the eagerly awaited first for the luxury Italian carmaker. ...
Phoenix Energy CEO Adam Ferrari Launches 2026 Scholarship Program to Support the Next Generation of Energy Leaders
Businesswire· 2026-02-03 16:00
Core Points - Phoenix Energy has launched the 2026 Phoenix Energy Scholarship, a $15,000 award aimed at supporting students pursuing careers in the oil and gas industry [1] - The scholarship is now in its fourth year and is awarded to students demonstrating academic excellence and a commitment to the future of the U.S. energy sector [2] - Eligible applicants must have a minimum GPA of 3.5 and be entering their first year of full-time enrollment at an accredited college or university in the fall of 2026 [2] Application Process - Applications will open on February 3, 2026, and essays must be between 2,000 and 3,000 words, outlining career goals and motivations for entering the oil and gas industry [3] - The use of AI tools to generate or influence essay content is prohibited, and submissions are due by June 30, 2026 [3] - Finalists will be selected by July 31, 2026, and will participate in virtual interviews from August 13 to August 21, 2026, with the recipient announced on September 1, 2026 [4] Scholarship Administration - The Phoenix Energy Scholarship is administered by Phoenix Energy One, LLC, which operates primarily in the Williston Basin and is headquartered in Irvine, CA [6] - This scholarship is part of a broader initiative by the company to promote educational development and support future leaders in the oil and gas sector [6]
Adam Ferrari Announces 2026 Health Science Scholarship to Support Students Dedicated to Caring for Patients with Physical Disabilities
Globenewswire· 2026-02-03 16:00
Core Perspective - The 2026 Adam Ferrari Health Science Scholarship, a $20,000 award, aims to empower future healthcare professionals dedicated to caring for individuals with physical disabilities [1][2]. Scholarship Overview - The scholarship honors Daniel Ferrari, who became quadriplegic due to transverse myelitis, and supports students in health sciences who demonstrate academic excellence and compassion [2]. - The award has been established for five years and serves as a significant opportunity for aspiring healthcare professionals [2]. Eligibility and Application Requirements - Applicants must be first-year full-time college students in a health science program starting in fall 2026, with a minimum GPA of 3.5 [3]. - A 1,000–2,000 word original essay reflecting personal experiences and motivations for pursuing a career in helping patients with physical disabilities is required [3][4]. Application Timeline - The application period is from February 3 to June 30, 2026, with finalists notified by July 31, 2026 [5]. - Finalist interviews will take place between August 13 and August 21, 2026, and the scholarship winner will be announced on September 1, 2026 [5]. Finalist Process - Finalists must verify academic information and participate in a virtual interview with the Scholarship Committee [6]. - The scholarship will be paid directly to the recipient's college or university for tuition [6]. Application Access - Full application details, eligibility requirements, and submission information can be found at the official scholarship website [7].
Ferrari (NYSE:RACE) Maintains "Buy" Rating Amidst Market Volatility
Financial Modeling Prep· 2026-01-28 12:05
Core Viewpoint - Ferrari is a prominent luxury sports car manufacturer with a strong market position, but it faces challenges reflected in its stock performance and earnings outlook [1][3][6] Group 1: Stock Performance - Ferrari's stock is currently priced at $337.40, down by $3.05 or approximately -0.90% [2][6] - The stock has fluctuated between $334.87 and $338.77 during the trading day [2] - Over the past year, the stock reached a high of $519.10 and a low of $333.34, indicating significant volatility [2] Group 2: Market Capitalization and Ratings - Ferrari's market capitalization is approximately $60.34 billion, reflecting its strong position in the luxury automotive market [3][6] - Despite a "Buy" rating from Bank of America Securities, Ferrari holds a Zacks Rank of 5 (Strong Sell), indicating a less favorable earnings outlook compared to its peers [3][6] Group 3: Investor Interest - Today's trading volume for Ferrari stands at 423,703 shares, showing active investor interest [5] - The brand strength and market position of Ferrari continue to attract investor attention despite current challenges [5]
Ferrari Stock: Buying Opportunity or Value Trap at the 52 Week Low?
The Motley Fool· 2026-01-23 19:40
Core Viewpoint - Ferrari's stock is currently at a lower price point than it has been in many years, presenting a potential buying opportunity for investors [1] Group 1: Stock Performance - The stock has experienced a double-digit sell-off, indicating a significant decline in its market value [1] - The stock prices referenced were from the afternoon of January 22, 2026, highlighting the timing of the analysis [1] Group 2: Investment Recommendation - Contributors from Motley Fool advocate for Ferrari as a strong buy, suggesting confidence in the company's future performance despite recent stock price declines [1]
GM vs. RACE: Which Auto-Manufacturer Stock Is the Better Buy Now?
ZACKS· 2026-01-21 17:06
Core Insights - General Motors (GM) has significantly outperformed Ferrari in the stock market over the past six months, with GM shares rising 59.2% while Ferrari's shares have dropped 32.8% [4] - GM's strategy focuses on a diverse range of vehicles catering to various consumer needs, while Ferrari specializes in high-end, exclusive sports cars [3] General Motors Overview - In Q3 2025, GM reported net revenues of $48.59 billion, a slight decrease from $48.76 billion in the same quarter of the previous year, but maintained a 17% market share in the U.S., up 50 basis points year-over-year [8] - GM's vehicle sales in China increased by 2.3% year-over-year in Q4, marking the third consecutive quarter of growth, with strong performance in NEV and BEV sales for 11 straight quarters [10] - The company generated $2 billion in software revenues in the first nine months of 2025, with deferred revenues rising 90% year-over-year and a growing subscriber base for its software services [11] - The Zacks Consensus Estimate for GM's 2026 EPS indicates a year-over-year growth of 15%, with recent improvements in EPS estimates for both 2025 and 2026 [12] Ferrari Overview - Ferrari reported net revenues of $2.06 billion in Q3 2025, a 14.2% increase from the same quarter in 2024, but faced a decline in shipments in key markets like Mainland China and the Americas [13][14] - The company has adjusted its long-term revenue target to approximately €9 billion ($10.4 billion) by 2030, with a reduced expectation that fully electric models will only make up 20% of its portfolio [15] - Ferrari's brand may not align with the evolving preferences of luxury car buyers in China, particularly younger consumers who prioritize advanced technology and sustainability [14] Valuation Comparison - GM is currently trading at a more attractive EV/EBITDA multiple compared to Ferrari, indicating a more reasonable pricing relative to its earnings before interest, taxes, depreciation, and amortization [16] Conclusion - GM is better positioned than Ferrari due to its broader scale, stronger growth momentum, and alignment with industry trends, while Ferrari faces challenges such as slowing growth and limited exposure to electric vehicles [17][18]
Auto giant shares tumble on Trump's tariff threat over Greenland
CNBC· 2026-01-19 08:12
Core Viewpoint - Shares of major European car manufacturers fell sharply due to U.S. President Trump's announcement of impending tariffs on several European countries, impacting the automotive sector significantly [1][3]. Group 1: Market Reaction - Europe's Stoxx Automobiles and Parts index decreased by 2.3% around 8:18 a.m. London time [1]. - Major car manufacturers such as Volkswagen, BMW, and Mercedes-Benz saw their shares drop between 2.5% to 4% shortly after the market opened [2]. - Ferrari's shares listed in Milan fell approximately 2% in early trading, while Stellantis shares also decreased by 2% [2]. Group 2: Tariff Details - Trump announced a 10% tariff on the U.K., Denmark, Norway, Sweden, France, Germany, the Netherlands, and Finland, effective by February 1 [3]. - The tariff is set to increase to 25% starting June 1 [3]. Group 3: Industry Vulnerability - The automotive sector is considered highly vulnerable to tariffs due to the globalization of supply chains and reliance on manufacturing operations in North America [4].
2 Reasons to Buy This Hidden Gem Luxury Stock
The Motley Fool· 2026-01-18 04:37
Core Insights - Ferrari is positioned as a unique luxury stock within the automotive industry, defying typical industry challenges such as intense competition and low margins [2] - The company maintains high profit margins and pricing power by limiting vehicle production and introducing innovative technology [3][5] - Ferrari's upcoming F80 model, priced at nearly $4 million, is already sold out, showcasing its strong demand and pricing strategy [6] Financial Performance - Ferrari boasts a gross margin of 51.25%, significantly higher than its industry competitors, indicating strong financial health [9] - The company's market capitalization stands at $61 billion, with a current stock price of $345.30 [8] Market Position and Strategy - Ferrari has a strategic advantage in transitioning to electric vehicles (EVs), allowing it to wait for market readiness while already engaging in hybrid vehicle production [7] - In the third quarter of 2025, Ferrari's shipments were 57% internal combustion engine (ICE) vehicles and 43% hybrids, reflecting a balanced approach to market demands [9] Competitive Advantages - The company has demonstrated durable competitive advantages that have consistently driven its operating margins and profits higher over the past decade [10] - Ferrari's brand power and unique market positioning allow it to effectively manage its limited order book while maintaining high pricing power [5][10]