Stock of the Day

October 4, 2021

Ferrari (RACE)

$396.06
-$2.18 (-0.5%)
Market Cap: $92.70B

About Ferrari

Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods. In addition, the company operates Ferrari museums in Modena and Maranello; Il Cavallino restaurant in Maranello; and theme parks in Abu Dhabi and Spain. Further, it provides direct or indirect finance and leasing services to retail clients and dealers; manages racetracks; develops and sells a range of apparel and accessories; and operates franchised and owned Ferrari stores. The company also sells its products through a network of authorized dealers operating points of sale, as well as through its website. The company was founded in 1947 and is headquartered in Maranello, Italy.

Today's Trend

Ferrari N.V. (NYSE/EXM: RACE) shares have decreased as investors await the company’s next major financial update. The recent news flow is largely operational and promotional, with no new earnings guidance or material change to Ferrari’s outlook disclosed.

  • Strong collector demand for rare Ferrari hypercars was highlighted ahead of Broad Arrow Auctions’ Las Vegas and Zürich events. Models including the Daytona SP3, LaFerrari and Enzo carry multimillion-dollar estimates, supporting Ferrari’s brand strength and the value of its limited-production vehicles, although the auctions are conducted by Hagerty’s Broad Arrow business and do not directly represent Ferrari revenue. Broad Arrow Auctions Unveils Rare Ferrari Hypercars for Las Vegas and Zürich Auctions
  • Ferrari confirmed that it will release third-quarter 2026 results on November 3. The announcement provides a clear near-term catalyst, but it contains no preliminary results, guidance changes or other information that would independently justify a major move. Investors will likely focus on deliveries, pricing, order momentum and margins when results are released. Ferrari to Announce Third Quarter 2026 Financial Results on November 3
  • Coverage of Ferrari’s Formula 1 strategy at the Singapore race said the team split its approaches and Lewis Hamilton received the less favorable strategy. The result may create short-term brand or motorsport sentiment concerns, but it is unlikely to have a significant direct effect on Ferrari’s financial performance. Ferrari Split Its Singapore Strategy. Hamilton Took the Bad Half.

Overall, the day’s softer trading appears more consistent with a lack of fresh earnings information and investor positioning ahead of the November 3 report than with a clearly negative company-specific development. Ferrari’s premium valuation makes execution, demand and forward guidance particularly important.

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