Welcome to our dedicated page for Ferrari N.V. news (Ticker: $RACE), a resource for investors and traders seeking the latest updates and insights on Ferrari N.V. stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ferrari N.V.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ferrari N.V.'s position in the market.
Rhea-AI Summary
Ferrari N.V. announces a record 2023, with net revenues of Euro 5,970 million, up 17.2% versus the prior year, and adjusted EBITDA of Euro 2,279 million, up 28.5% versus the prior year. Shipments totaled 13,663 units in 2023, up 3.3% versus the prior year, driven by increased deliveries of various car models. The company provides a positive 2024 guidance with net revenues expected to exceed 6.4 billion Euros and an adjusted EBITDA margin of at least 38%. Ferrari also highlights various business developments and corporate social responsibility initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.58%
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Rhea-AI Summary
Ferrari N.V. (RACE) announced its corporate calendar for 2024, including earnings release dates and the Annual General Meeting schedule. The company will release its group results for each quarter and hold conference calls for financial analysts on the same dates. The Annual General Meeting for the approval of the 2023 financial statements is scheduled for April 17, 2024. All related materials and live webcasts will be accessible on the company's corporate website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.3%
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Rhea-AI Summary
Ferrari N.V. has announced the purchase of additional common shares as part of the Euro 350 million share buyback program, with a total invested consideration of Euro 90,939,678.24 for 282,214 common shares purchased on the EXM and USD 30,295,782.71 for 83,738 common shares purchased on the NYSE. The Company now holds 13,624,694 common shares equal to 5.30% of the total issued share capital. Since the start of the multi-year share buyback program in 2022, Ferrari has purchased a total of 2,700,236 own common shares on EXM and NYSE for a total consideration of Euro 677,935,093.48.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.4%
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Rhea-AI Summary
Ferrari N.V. announces the renewal of its technical and racing multi-year agreement with Charles Leclerc, who will continue to compete for the Italian team in the Formula 1 World Championship in the next seasons.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.03%
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Rhea-AI Summary
Ferrari N.V. has announced the purchase of additional common shares as part of a multi-year share buyback program. The company has invested a total consideration of Euro 79,905,746.64 for 246,565 common shares purchased on the EXM and USD 30,295,782.71 for 83,738 common shares purchased on the NYSE. As of January 19, 2024, the Company held in treasury 13,589,045 common shares equal to 5.29% of the total issued share capital.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.51%
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Rhea-AI Summary
Ferrari N.V. will release its financial results for the full year and fourth quarter of 2023 on February 1, 2024. The live audio webcast and conference call will be accessible on the Investors section of Ferrari’s corporate website. Registration in advance is required for access. A replay will be available for two weeks after the call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.11%
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Rhea-AI Summary
Ferrari N.V. (NYSE/EXM: RACE) has announced the purchase of Euro 350 million worth of common shares as part of a multi-year share buyback program expected to be executed by 2026. The company has bought a total of 35,165 common shares on the Euronext Milan (EXM) at an average price of 310.5251 euros per share, totaling 10,919,616.34 euros. The total invested consideration since the announcement of the fourth tranche has been Euro 64,504,920.99 for 198,094 common shares purchased on the EXM and USD 30,295,782.71 (Euro 27,798,654.09*) for 83,738 common shares purchased on the NYSE. As of January 10, 2024, the Company held in treasury 13,540,574 common shares equal to 5.27% of the total issued share capital. Since the start of the multi-year share buyback program, the Company has purchased a total of 2,616,116 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 651,500,336.22.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.25%
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Rhea-AI Summary
Ferrari N.V. (NYSE/EXM: RACE) Announces Purchase of Common Shares Under Euro 350 Million Share Buyback Program
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.89%
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Rhea-AI Summary
Ferrari N.V. (NYSE/EXM: RACE) announces the purchase of Euro 39,842,435.71 worth of common shares under the Euro 350 million share buyback program. As of December 11, 2023, the Company held 13,417,692 common shares equal to 5.22% of the total issued share capital.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.16%
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Rhea-AI Summary
Ferrari N.V. (NYSE/EXM: RACE) has announced the purchase of additional common shares under the Euro 350 million share buyback program. The company has already invested a total of Euro 29,891,981.49 for 91,243 common shares on the EXM and USD 10,298,476.74 (Euro 9,401,845.40*) for 28,205 common shares on the NYSE. As of December 1, 2023, Ferrari holds in treasury 13,378,190 common shares, equal to 5.21% of the total issued share capital. Since the start of the multi-year share buyback program, the company has purchased a total of 2,453,732 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 598,490,588.04.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.94%
Tags
Ferrari N.V.
NYSE:RACE
RACE Rankings
RACE Stock Data
77.47B
114.31M
34.02%
38.04%
0.9%
Automobile Manufacturing
Manufacturing
United States of America
Maranello
About RACE
Ferrari S.p.A. is an Italian luxury sports car manufacturer based in Maranello, Italy. Founded by Enzo Ferrari in 1939 from the Alfa Romeo racing division as Auto Avio Costruzioni, the company built its first car in 1940, and produced its first Ferrari-badged car in 1947.