Stock of the Day

October 4, 2021

Ferrari (RACE)

$412.46
-$10.14 (-2.4%)
Market Cap: $96.45B

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: RACE) is seeing mostly Formula 1-related coverage. The news is unlikely to materially change near-term earnings, but it affects brand visibility, racing performance and investor sentiment around Ferrari’s motorsport strategy.

  • Ferrari’s 296 GT3 Evo secured its first title at the Nürburgring in the GT World Challenge Europe. The result provides positive validation for Ferrari’s customer-racing program and the competitiveness of its track-focused products. Ferrari GT World Challenge Europe Nürburgring race
  • Ferrari will use a special livery at the Italian Grand Prix commemorating Michael Schumacher’s 30th anniversary with the team. The tribute should increase fan engagement, media attention and brand exposure during Ferrari’s home race, although it has no clear direct financial impact. Ferrari reveals Schumacher tribute livery
  • Ferrari reserve driver Rafael Câmara participated in a Haas test as speculation grows about the 2027 driver market. The test could support Ferrari’s driver-development pipeline, but it does not currently indicate a change to the company’s commercial outlook. Rafael Câmara Haas test
  • Team principal Fred Vasseur has stressed that Ferrari cannot continue losing points through poor race execution. Coverage ahead of Monza frames the event as critical to preserving Ferrari’s title hopes, highlighting pressure on strategy, reliability and pit-wall decisions. Vasseur on season finish and development
  • Reports that Ferrari effectively needs a strong result at Monza or risks its championship challenge slipping away reinforce concerns about inconsistent performance. The eventual championship position may also influence how aggressively Ferrari can prioritize development for the remainder of the season. Ferrari title challenge at Monza
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