Ferrari (NYSE/EXM: RACE) reported purchases under its €250 million Second Tranche of the multi-year €3.5 billion share buyback program. Between 13–17 July 2026, Ferrari repurchased 53,932 common shares on Euronext Milan at an average price of €327.9272, for total consideration of €17,685,767.51 (excluding fees).
Since the Second Tranche launch to 17 July 2026, Ferrari invested €164,808,568.07 for 550,911 EXM shares and USD 40,797,556.26 (about €35,241,239.97) for 118,319 NYSE shares. As of that date, Ferrari held 1,444,295 treasury shares, equal to 0.81% of issued common shares, or 0.62% including special voting shares. Since the start of the multi-year program on 5 January 2026, total buybacks reached 1,554,675 shares for €460,807,893.07.
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Positive
€17.69 million spent to repurchase 53,932 shares in mid-July 2026
Second Tranche cumulative EXM buybacks of 550,911 shares for €164.8 million
Additional NYSE repurchases of 118,319 shares for about €35.24 million
Multi-year program since January 2026 reached 1,554,675 shares and €460.8 million
Treasury holding of 0.81% of issued common shares as of 17 July 2026
Negative
None.
News Market Reaction – RACE
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-1.41%Session close to close
In the Jul 20 session, RACE declined 1.41%, reflecting a mild negative market reaction.
Maranello (Italy), July 20, 2026 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 250 million share buyback program announced on April 10, 2026, as the second tranche of the multi-year share buyback program of approximately Euro 3.5 billion expected to be executed by 2030 in line with the disclosure made during the 2025 Capital Markets Day (the “Second Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) as follows:
Trading Date (dd/mm/yyyy)
Stock Exchange
Number of common shares purchased
Average price per share excluding fees (€)
Consideration excluding fees
(€)
13/07/2026
EXM
10,000
329.4545
3,294,545.00
14/07/2026
EXM
18,000
325.0512
5,850,921.60
15/07/2026
EXM
6,420
324.5964
2,083,908.89
17/07/2026
EXM
19,512
330.8934
6,456,392.02
Total
-
53,932
327.9272
17,685,767.51
(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase
Since the announcement of such Second Tranche till July 17, 2026, the total invested consideration has been:
Euro 164,808,568.07 for No. 550,911 common shares purchased on the EXM
USD 40,797,556.26 (Euro 35,241,239.97*) for No. 118,319 common shares purchased on the NYSE.
As of July 17, 2026 the Company held in treasury No. 1,444,295 common shares, net of shares assigned under the Company’s equity incentive plan, corresponding to 0.81% of the then total issued common shares. Including the special voting shares, the Company held in treasury 0.62% of the then total issued share capital. The lower percentage of treasury shares held compared with prior disclosures reflects the completion of shares cancellation, as approved by the Annual General Meeting of Shareholders of the Company held on April 15, 2026.
Since January 5, 2026, start date of the multi-year share buyback program of approximately Euro 3.5 billion announced during the 2025 Capital Markets Day, until July 17, 2026, the Company has purchased a total of 1,554,675 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 460,807,893.07.
A comprehensive overview of the transactions carried out under the buyback program, as well as the details of the above transactions, are available on Ferrari’s corporate website under the Buyback Programs section (https://www.ferrari.com/en-EN/corporate/buyback-programs).
What did Ferrari (RACE) announce in its July 20, 2026 buyback update?
Ferrari reported new share repurchases under its Second Tranche buyback program, totaling 53,932 shares on Euronext Milan for €17.69 million. According to Ferrari, this forms part of its multi-year €3.5 billion share buyback program running toward 2030.
How many Ferrari (RACE) shares were repurchased between 13 and 17 July 2026?
Ferrari repurchased 53,932 common shares on Euronext Milan between 13 and 17 July 2026 at an average price of €327.9272. According to Ferrari, the total consideration for this period was €17,685,767.51, excluding fees associated with the transactions.
What is the total size and progress of Ferrari’s €250 million Second Tranche buyback as of July 17, 2026?
The Second Tranche targets €250 million of buybacks. As of 17 July 2026, Ferrari had invested €164.81 million on EXM and about €35.24 million on NYSE. According to Ferrari, this covers 550,911 EXM and 118,319 NYSE shares.
How many treasury shares does Ferrari (RACE) hold after the July 2026 buybacks?
As of 17 July 2026, Ferrari held 1,444,295 treasury common shares. According to Ferrari, this equals 0.81% of then issued common shares, or 0.62% of total share capital when including special voting shares after recent share cancellations.
How much has Ferrari spent on its multi-year €3.5 billion buyback program so far?
Since 5 January 2026, Ferrari has spent €460,807,893.07 on share repurchases. According to Ferrari, this total covers 1,554,675 own common shares bought on Euronext Milan and NYSE as part of the multi-year €3.5 billion buyback program.
What does the Ferrari (RACE) buyback program mean for existing shareholders?
The disclosed buybacks reduce Ferrari’s free float by adding 1,444,295 shares to treasury, equal to 0.81% of issued common shares. According to Ferrari, share cancellations approved in April 2026 also lowered the percentage of treasury shares previously outstanding.
Where can investors find detailed daily data on Ferrari’s RACE buyback transactions?
Investors can review detailed daily buyback data on Ferrari’s corporate website under the Buyback Programs section. According to Ferrari, this page provides a comprehensive overview of transactions, including quantities, trading venues, and considerations for each completed repurchase operation.
