Ferrari NV (RACE)

Ferrari NV (RACE) stock has been influenced by several key events in the past six months. The company reported its Q1 2026 results on May 5, 2026, reaffirming its full-year guidance despite lower deliveries. Ferrari also detailed late-April share repurchases as part of its multi-year buyback program. The stock experienced a decline of 31.36% over the year leading up to May 5, 2026. Analyst ratings have been generally positive, with UBS and Berenberg Bank maintaining "Buy" ratings in May 2026. Some institutional investors have adjusted their positions, with some adding shares and others decreasing their holdings in Q4 2025.

Demand for Ferrari's products and services is characterized by its deliberate strategy of limiting annual deliveries to ensure that demand consistently outstrips supply. While there might be some "phasing/seasonality" related to regulatory questions or logistical challenges, Ferrari's management has indicated a shift towards a "more evenly spread profitability between H1 and H2." The company's focus on exclusivity, personalization, and a rich product mix allows it to maintain strong pricing power and stable demand regardless of typical seasonal fluctuations.

Ferrari NV (RACE) is a globally recognized luxury brand focused on the design, engineering, production, and sale of high-performance sports cars. Its core business is segmented into racing, sports cars, and lifestyle, with a focus on hybrid and fully electric powertrains. The racing division centers on Scuderia Ferrari, while the sports car segment focuses on iconic luxury sports cars. The lifestyle division encompasses personal luxury goods, collectibles, and experiences.

Ferrari's luxury sports cars are sold in over 60 markets worldwide. Net sales are geographically diversified across Europe/Middle East/Africa (EMEA), the United States, and Asia/Pacific/Australia, including China/Hong Kong/Taiwan. The United States accounts for a substantial portion of sales, followed by EMEA (excluding Italy, UK, and Germany), and then individual European countries like the UK, Germany, and Italy.

Ferrari's brand reputation remains exceptionally strong, consistently recognized as one of the world's leading luxury brands. Its brand identity is built on exclusivity, innovation, and high performance. The company's long-standing presence and success in Formula 1 racing through Scuderia Ferrari significantly bolster its global recognition and brand value. Ferrari has demonstrated robust financial performance, with consistent revenue growth and strong profit margins. The company's order book extending well into 2027 underscores the enduring high demand for its products.

Ferrari NV's ownership structure includes institutional, public, and individual investors. Major institutional owners include Vanguard Group Inc., Baillie Gifford & Co., Bank Of America Corp., Amundi, Bank of New York Mellon Corp., Morgan Stanley, Bank of Italy, Alliancebernstein L.p., Norges Bank, UBS Group AG, BlackRock, Inc., and Lingotto Investment Management LLP. Significant individual ownership includes Exor NV, holding 19.48% of the shares, and Piero Ferrari, with a 9.743% stake.