Ferrari Updates on €250M Share Buyback Program, Repurchasing €9.24M in Latest Period
Summary
Ferrari N.V. announced its latest periodic update on the €250 million share buyback program, detailing recent purchases totaling €9.24 million and cumulative progress.
Key Events
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Periodic Buyback Update
Ferrari N.V. provided a periodic report on its ongoing €250 million share buyback program, which is the first tranche of a multi-year €3.5 billion program.
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Recent Share Repurchases
Between February 9 and February 13, 2026, the company repurchased an additional 30,293 common shares for a total consideration of €9,235,865.37.
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Cumulative Program Progress
Since the announcement of the first tranche on December 16, 2025, up to February 13, 2026, Ferrari has invested a cumulative €81,975,746.99 to repurchase 276,643 common shares.
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Treasury Share Holdings
As of February 13, 2026, Ferrari held 16,921,249 common shares in treasury, representing 8.73% of its total issued common shares.
Analysis
This filing provides a routine but important update on Ferrari's ongoing share buyback program. The consistent execution of the buyback demonstrates the company's commitment to returning value to shareholders and is part of a larger, multi-year capital allocation strategy. While the reported amounts for this specific period are modest relative to the company's size, the cumulative progress under the €250 million first tranche, and the context of the overall €3.5 billion program, signifies a sustained effort to enhance shareholder value.
At the time of this filing, RACE was trading at $376.36 on NYSE in the Manufacturing sector, with a market capitalization of approximately $89B. The 52-week trading range was $328.00 to $519.10. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.