Core Insights - Ferrari has successfully completed the construction of e-Vortex, a new test circuit adjacent to its Fiorano test track, in under four months [1] Company Developments - The construction of e-Vortex demonstrates Ferrari's commitment to enhancing its testing capabilities and innovation in the automotive sector [1]

Core Viewpoint - Ferrari N.V. will host its Capital Markets Day on October 9, 2025, in Maranello, Italy, which is expected to provide insights into the company's future strategies and financial outlook [1]. Group 1 - The event will commence at 9:00 a.m. BST / 10:00 a.m. CEST / 4:00 a.m. EDT on October 9, 2025 [2]. - A live webcast of the event will be available on the Investors section of the Ferrari corporate website, along with archived presentations and a replay video for those unable to attend live [2].

Core Viewpoint - Ferrari has received a stock rating upgrade from HSBC, indicating positive investor sentiment and potential for growth in the luxury automotive market [1][5]. Company Overview - Ferrari is a luxury sports car manufacturer listed on the NYSE under the symbol RACE, competing with brands like Lamborghini and Porsche [1]. - The company's market capitalization is approximately $87.37 billion, highlighting its significant presence in the luxury automotive industry [4][5]. Stock Performance - The stock price of Ferrari is currently $490.24, reflecting an increase of 1.03%, or $5.02, following the upgrade [2][5]. - The stock has shown a price movement of 0.91%, suggesting strong market performance [2][5]. - Ferrari's stock has fluctuated between a low of $481.75 and a high of $490.95 on the current trading day, with a yearly range of $391.54 to $519.10, indicating volatility and growth potential [3]. Investor Engagement - The trading volume for Ferrari's stock today is 375,078 shares, indicating active investor interest and engagement [4].

Core Insights - AShareX, a U.S.-based fractional investment platform, has partnered with TheCarCrowd, the UK's leading collectible car investment company, to democratize access to collectible car ownership through fractional investing [1] - This partnership represents the first cross-border offering in the alternative investment space between these two companies [1] - The Ferrari 328 GTS, a modern classic in concours condition, will be available for investment through this collaboration [1]

Core Insights - Ferrari N.V. has announced the renewal of a multi-year partnership with CEVA Logistics, effective January 1, 2026, to support its racing and logistics activities [1] Group 1 - The partnership is between Ferrari S.p.A., a wholly-owned subsidiary of Ferrari N.V., and CEVA Logistics, a leader in third-party logistics [1] - The agreement was signed on September 30, 2025, and will continue to enhance Ferrari's operational capabilities in logistics [1]

Core Viewpoint - John Elkann, the chair of Ferrari and Stellantis, is facing a new legal challenge from his mother regarding a handwritten amendment to a will that was previously undisclosed [1] Group 1 - The legal battle involves a handwritten amendment to the will presented by Elkann's mother's lawyers [1] - This situation may impact the governance and strategic direction of both Ferrari and Stellantis [1] - The outcome of this legal dispute could have implications for shareholder confidence and company valuations [1]

Core Insights - Ferrari has demonstrated exceptional performance as an investment, with its stock soaring 773% since its 2015 IPO, significantly outperforming the S&P 500's 229% gain [2] - The company possesses a unique economic moat in the competitive automotive industry, characterized by its brand strength, superior margins, and high customer loyalty [14] Financial Metrics - The operating cash flow (OCF) to sales ratio indicates Ferrari's efficiency in converting sales into cash, with Ferrari more than doubling many competitors in this metric and consistently improving it over the past three years [7][8] - Ferrari's return on invested capital (ROIC) is a key indicator of its ability to generate profits from capital, with the company trading at a price-to-earnings ratio of 46 times, compared to the industry average of approximately 17 times, reflecting its status as an ultra-luxury stock [12][11] Brand and Market Position - Ferrari's brand embodies exclusivity and high performance, supported by its impressive racing heritage and financial success, making it a cornerstone investment in automotive stocks [13][15] - The upcoming launch of the F80, priced at nearly $4 million, exemplifies Ferrari's high and sustainable pricing strategy, further solidifying its market position [14]

Group 1: Company Performance - Ferrari (RACE) has achieved a year-to-date return of approximately 11.4%, outperforming the average return of 5.5% for the Auto-Tires-Trucks sector [4] - The Zacks Consensus Estimate for Ferrari's full-year earnings has increased by 2.5% over the past quarter, indicating improving analyst sentiment [3] - In the Automotive - Original Equipment industry, Ferrari is slightly underperforming with a year-to-date return compared to the industry's average gain of 11.9% [6] Group 2: Industry Context - The Auto-Tires-Trucks group consists of 96 companies and currently ranks 12 within the Zacks Sector Rank [2] - Visteon (VC) is another stock in the Auto-Tires-Trucks sector that has significantly outperformed, with a year-to-date increase of 36% [4] - Visteon's consensus EPS estimate has risen by 13.1% over the past three months, and it holds a Zacks Rank of 1 (Strong Buy) [5]

Core Insights - The Zoute Concours Auction will feature a prestigious collection of collector cars, including notable supercars from The Aleggria Collection, and is set to take place on October 10, 2025, in collaboration with Zoute Grand Prix Car Week [1][4][17] Auction Highlights - The auction catalogue includes over 75 highly desirable models, with a focus on supercars and significant memorabilia items [2] - The Aleggria Collection features seven standout cars, including a 1990 Ferrari F40, a 1987 Porsche 959 Komfort, and a 1992 Bugatti EB110 GT, all curated for their originality and condition [6][8] - Daniel Ricciardo's Aston Martin Valkyrie and the unique 1998 Lamborghini Pregunta concept are also key highlights of the auction [3][10][11] Estimated Values - The 1990 Ferrari F40 is estimated between €3,000,000 and €3,200,000, while the 1987 Porsche 959 Komfort is estimated at €1,700,000 to €1,900,000 [8] - The 1992 Bugatti EB110 GT has an estimated value of €1,500,000 to €1,800,000, showcasing its rarity with only 84 GT versions produced [8] - Daniel Ricciardo's Aston Martin Valkyrie is estimated between €2,400,000 and €2,800,000, reflecting its unique specifications and low mileage [10] Motorsport Significance - The auction will also feature historically significant motorsport cars, including the 1976 24 Hours of Spa-winning BMW 3.0 CSL and a Group B Citroën BX 4TC with only 190 km from new [12] - Additional notable entries include a 1970 Ferrari 365 GTB/4 Daytona Competizione and a 1989 Lancia Delta HF Integrale 8V Martini [12] Auction Format - Broad Arrow Auctions will present 26 collector cars without reserve, providing opportunities for both new and established collectors [14] - The auction will take place at Approach Golf in Knokke-Heist, with previews held from October 8 to 10, 2025 [4][17]

Amsterdam, 17 September 2025 EXOR NAV PER SHARE OUTPERFORMS MSCI WORLD INDEX In the first half of 2025, Exor’s net asset value (NAV) per share outperformed the MSCI World Index by 5 percentage points, supported by €1 billion share buybackDespite significant market volatility, Companies performed in line with the MSCI World Index with varied performance across holdingsLingotto delivered strong returns of 11% over the period, mainly driven by its public investmentsExor is well-positioned to seize significant ...