Ferrari

Ferrari NV is a holding company, which engages in the design, engineering, production, and sale of luxury sports cars. The firm's models include the F12Berlinetta, 488GTB, 488 Spider, 458 Speciale, California T, the LaFerrari Hybrid, LaFerrari, and the FF four-wheel drive. It participates in car racing such as Formula One. The company was founded by Enzo Anselmo Ferrari in 1939 and is headquartered in Maranello, Italy.

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Outranking Tesla stock and Stellantis, Ferrari stock earns a perfect Composite Rating as it drives toward a new breakout.

Ferrari Stock Revs Up New Buy Point — Outranks Tesla

Space travel, luxury watches and Starbucks all fall under the category of what consumers can buy with cryptocurrencies these days. Add Italian luxury sports cars to that list, as Ferrari RACE, +1.28% RACE, +0.44% reportedly is now accepting digital payments for its autos in the U.S., soon to be followed by Europe.

Millions (or less) in Bitcoin and other crypto will now buy you a Ferrari

Ferrari has reportedly begun accepting cryptocurrency payments for its vehicles in the U.S. That's according to a Saturday (Oct. 14) report by Reuters, citing comments from the luxury carmaker's marketing chief. As Reuters noted, most blue-chip firms have avoided crypto, due to the volatility of the digital coins, regulation worries and their high energy use.

Ferrari Hopes Crypto Payments Can Widen Customer Base

Ferrari has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its wealthy customers, its marketing and commercial chief told Reuters.

Ferrari to accept crypto as payment for its cars in the US

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European luxury stocks have faced their worst quarterly performance since the pandemic struck, as concerns over the bleak outlook in the US, Europe and China seem to catch up. Having risen by 23% and 2% in the first and second quarters respectively, STOXX's Luxury 10 index fell by 15% between July and September.

Luxury stocks feel pinch as wider downturn looks to catch up

In the most recent trading session, Ferrari (RACE) closed at $305.40, indicating a +1.82% shift from the previous trading day.

Ferrari (RACE) Outperforms Broader Market: What You Need to Know

Maranello (Italy), October 6, 2023 - Ferrari N.V. (“Ferrari”) (NYSE/EXM: RACE) announced today that its financial results for the third quarter of 2023 will be released on Thursday, November 2, 2023.

Ferrari to Announce Third Quarter 2023 Financial Results on November 2

Ferrari (RACE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Ferrari (RACE) is Poised to Beat Earnings Estimates Again

Maranello (Italy), September 25 , 202 3 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 200 million share buyback program announced on June 27, 2023, as the third tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the “Thir d Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) and on the New York Stock Exchange (NYSE) as follows:

Ferrari N. V. Periodic Report on the Buyback Program

Ferrari's scarcity model and scaling strategy sustain high margins and demand. Ferrari is poised for growth through China's rising wealth and its strategic focus on electric vehicles. Ferrari's affluent customer base and unique brand value make it resilient to inflationary pressures.

Ferrari: Great Business But A Hold At Current Valuations

Ferrari (NYSE:RACE) has renewed its partnership with German sports goods maker Puma. which will become its premium partner starting from next year.

Puma times deal extension with Ferrari to perfection

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Italian sportscar maker Ferrari on Sunday said that its racing division has renewed a partnership with German sports goods maker Puma.

Ferrari renews partnership with Puma

Maranello (Italy), 15 September 2023 - Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or “the Company”) is pleased to announce that Scuderia Ferrari has renewed its multi-year partnership with sports company PUMA, which will become its Premium Partner starting from next year.

Ferrari Renews and Strengthens Its Partnership With Puma

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Ferrari's margins are otherworldly compared to traditional automakers. The ultra-luxury automaker is more resilient to economic downturns.

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Many dream of owning it, but is Ferrari stock a buy as Charles Leclerc lags in the F1 title race? It currently leads Tesla stock in a metric.

Is Ferrari Stock A Buy Now As It Leads Tesla In This Even As Charles Leclerc Trails In F1 Battle?

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Ferrari (NYSE:RACE) may well be priced accordingly already, but the carmaker's position as a luxury firm means it could be viewed as a “safe haven,” Barclays analysts have noted. Following second-quarter results showing a 35% rise in pre-tax earnings to €427 million, alongside a near-three percentage point rise in margins to 27.9%, Barclays noted Ferrari's performance had been strong but that the shares were evenly weighted.

Ferrari upgraded as analysts dub carmaker a ‘safe haven'

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With inflation finally cooling and the fears of a looming recession coming to an end, the rich are back with their bucks. As the rich get richer, several luxury goods companies will make the most of it.

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Ferrari N.V. (NYSE:RACE ) Q2 2023 Earnings Conference Call August 2, 2023 9:00 AM ET Company Participants Nicoletta Russo - Head of Investor Relations Benedetto Vigna - Chief Executive Officer Antonio PiccaPiccon - Chief Financial Officer Conference Call Participants Susy Tibaldi - UBS Giulio Pescatore - BNP Paribas Monica Bosio - Intesa Sanpaolo Henning Cosman - Barclays Stephen Reitman - Societe Generale Anthony Dick - ODDO BHF Philippe Houchois - Jefferies Tom Narayan - RBC George Galliers - Goldman Sachs Martino De Ambroggi - Equita Operator Good day and thank you for standing by, and welcome to Ferrari 2023 Q2 Results Conference Call.

Ferrari N.V. (RACE) Q2 2023 Earnings Call Transcript

Ferrari (NYSE:RACE) zoomed past analyst expectations for its second quarter earnings, but the Italian luxury automaker's stock took a hit as investors opted to take advantage of its strong share price performance this year. For the quarter, Ferrari reported an adjusted EBITDA of 589 million euros ($645.4 million), exceeding analyst estimates and marking a 31.9% increase from the previous year.

Ferrari beats expectations in after strong 2Q, but stock dips as investors book profits

Ferrari (RACE) came out with quarterly earnings of $1.99 per share, beating the Zacks Consensus Estimate of $1.77 per share. This compares to earnings of $1.45 per share a year ago.

Ferrari (RACE) Q2 Earnings and Revenues Surpass Estimates

Ferrari has greatly extended its options lists, offering its customers a huge range of choices in paint finishes, interior materials and other details.

Ferrari raises guidance after profit jumps as more customers personalize their sports cars

The Italian luxury car maker beat earnings expectations in the second quarter and raised its full-year outlook as demand remained robust.

Ferrari Beats Earnings Estimates, Hikes Guidance. Why the Stock Is Reversing.

Luxury sports car maker Ferrari on Wednesday raised its forecasts for its full-year revenue and core earnings by a modest amount, after better results in the second quarter, supported by a "very strong" order book.

Ferrari nudges up full-year forecasts after improved results in second quarter

News for Ferrari Stock (RACE)