Stock of the Day - October 4, 2021

Ferrari (RACE)

$377.68

-$4.90 (-1.3%)

Market Cap: $89.50B

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) shares are moving lower, but the latest news flow is mixed and mostly centered on motorsport and capital returns rather than core business fundamentals.

Ferrari reported progress on its ongoing €3.5 billion share buyback program, including activity in the second tranche, which can support the stock by reducing share count and signaling management confidence. FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM
Ferrari highlighted a podium finish at Interlagos and other strong racing results, which help reinforce the brand’s premium image and can support investor sentiment around its performance-led marketing strategy. Ferrari podium finish at Interlagos
Ferrari also noted triumphs in GT World Challenge Asia at Fuji, adding to a string of motorsport wins that can bolster the company’s prestige and racing credentials. Weekend notebook: Ferrari’s triumphs at Fuji
Several articles focused on Ferrari’s F1 and racing activity, including commentary on Charles Leclerc, upgrade strategy, and behind-the-scenes racing coverage. These stories are mostly sentiment-driving rather than direct earnings catalysts. Leclerc makes Ferrari admission ahead of Spa after ending victory drought
Ferrari’s reveal of an all-electric energy system for the Hypersail yacht is interesting from an innovation standpoint, but it is not likely to move the stock on its own in the near term. Ferrari has revealed the all-electric energy system that will power its groundbreaking Hypersail racing yacht
Ferrari finished second to BMW in the 6 Hours of São Paulo, and the race result may slightly temper momentum after recent strong performances. WEC Brazil: BMW pips Ferrari to second Hypercar win of 2026

Overall, the stock’s decline appears to reflect limited immediate business catalysts and a mix of racing headlines, even as the buyback program and brand-strengthening motorsport results remain supportive over time.

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Ferrari (RACE)

About Ferrari

Today's Trend

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