Key Highlights
- RACE stock closed down 0.33% despite continued buyback execution.
- Ferrari acquired 20,321 additional shares through Euronext Milan transactions.
- The luxury automaker’s €3.5 billion repurchase program remains on track through 2030.
- Treasury share count reached 17,752,329, representing 9.15% of common shares outstanding.
- Total buyback spending has surpassed €357 million since early January 2026.
Ferrari N.V. (RACE) concluded the trading session with modest losses despite making further progress on its extensive share repurchase initiative. The stock settled at $348.24, representing a 0.33% decline, following late-session weakness that briefly pushed shares near $347.02. This price action occurred as the Italian luxury automaker disclosed additional purchases under its €250 million second installment.
Ferrari Executes Fresh Share Acquisitions on European Exchange
The Maranello-based manufacturer acquired 20,321 common shares through Euronext Milan during two separate trading sessions in May. On May 18, Ferrari purchased 12,982 shares at a weighted average price of €274.5472 per share. Two days later, on May 20, the company added another 7,339 shares at an average cost of €285.1737 each.
These combined transactions totaled approximately €5.66 million, excluding transaction costs and fees. The purchases form part of the €250 million buyback authorization unveiled on April 10, 2026. This second tranche represents one component of Ferrari’s ambitious multi-year capital allocation framework valued at roughly €3.5 billion.
Management has established a timeline extending through 2030 for the complete execution of this comprehensive repurchase program. The initiative aligns with strategic priorities communicated during Ferrari’s 2025 Capital Markets Day presentation. These recent disclosures provide additional transparency regarding the company’s ongoing shareholder return methodology.
Share Price Weakens Despite Ongoing Repurchase Activity
RACE shares finished at $348.24, marking a 0.33% retreat from the previous close. Trading patterns throughout the session showed inconsistency, with intensified selling emerging during afternoon hours. The downward momentum accelerated near the closing bell, temporarily driving the stock toward $347.02.
This price decline occurred alongside Ferrari’s persistent share acquisition efforts. Buybacks typically decrease the number of shares available in the market, potentially enhancing per-share earnings metrics over extended periods. However, intraday price movements frequently respond to wider market dynamics and immediate investor sentiment rather than fundamental developments.
As of May 22, 2026, Ferrari maintained 17,752,329 common shares within its treasury account. This position accounted for 9.15% of total issued common stock. When incorporating special voting shares into the calculation, treasury holdings constituted 9.50% of the company’s complete issued share capital.
Cumulative Repurchase Investment Surpasses €357 Million
Since launching the second tranche program, Ferrari has allocated €86.92 million toward EXM share acquisitions. Through May 22, the automaker repurchased 297,808 common shares via that European exchange. Additionally, the company deployed $11.50 million to acquire 34,850 shares through New York Stock Exchange transactions.
Commencing January 5, 2026, Ferrari has repurchased 1,218,103 of its own common shares cumulatively. This figure encompasses transactions associated with Sell to Cover operations. Across both EXM and NYSE platforms, aggregate consideration reached €357.49 million through May 22.
The company noted that previously approved share cancellations have not yet been implemented. As a result, current ownership percentage calculations exclude those pending cancellation actions. The most recent figures therefore continue to incorporate treasury stock balances prior to execution of the approved retirement process.
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