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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Ferrari (NYSE:RACE)'s maiden electric vehicle will cost a minimum of €500,000, amid plans for the luxury carmaker to open a site aimed at developing the new model, reports from Reuters revealed. A new production plant is expected to help boost manufacturing of the EV, hybrids and ICEs by as much as a third.

Ferrari EV model to cost €500,000, reports reveal

Ferrari's first electric car will cost at least 500,000 euros ($535,000), a source familiar with the matter told Reuters, as the luxury automaker prepares to open a plant that will make the model - and could boost group production by up to a third.

Exclusive: Ferrari's first electric car to cost over $500,000, source says

We believe there are a few near-term positive catalysts in 2024 and those might already be priced in. Order book is normalizing, and there is an expectation for a luxury sector valuation reset. Still, Ferrari's valuation looks full, and we continue to remain on the sideline.

Ferrari: Few Near-Term Catalysts, Wait For A Dip

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Investors with an interest in Automotive - Original Equipment stocks have likely encountered both Oshkosh (OSK) and Ferrari (RACE). But which of these two stocks presents investors with the better value opportunity right now?

OSK vs. RACE: Which Stock Should Value Investors Buy Now?

Ferrari's stock has soared over the past two years. Its business model is well insulated from the macro headwinds.

Why I'm Not Selling My Ferrari Stock Even After a 100% Gain

Investors looking for stocks in the Automotive - Original Equipment sector might want to consider either Oshkosh (OSK) or Ferrari (RACE). But which of these two stocks is more attractive to value investors?

OSK or RACE: Which Is the Better Value Stock Right Now?

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corporate. ferrari.com Maranello (Italy), 21 May 2024 – Ferrari N.V. (NYSE/EXM: RACE) announces the settlement of the offering, previously announced, of Euro 500 million in aggregate principal amount of 3.625% notes due on 21 May 2030, with an issue price of 99.677% (the “Notes”).

FERRARI ANNOUNCES SETTLEMENT OF ITS NOTES OFFERING

Ferrari should be viewed more like a luxury brand and less like a regular auto business. Targeting some of the wealthiest people on the planet leads to durable demand trends.

3 Things You Must Know About Ferrari Before You Buy the Stock

Maranello (Italy), 14 May 2024 – Ferrari N.V. (NYSE/EXM: RACE) (the “Issuer”) today announces the pricing of a Euro 500 million issue of notes due in May 2030 (the “Notes”), being well over two times oversubscribed. The issue price of the Notes is equal to 99.677% of their principal amount and the Notes have a fixed annual coupon of 3.625%. The proceeds of the issue will be used for general corporate purposes.

Ferrari Pricing of Issue of Notes

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA OR TO ANY U.S. PERSON

Ferrari Announces Offering of Notes

Ferrari's core earnings grew 13% despite flat deliveries, driven by high-end models and customization.

Ferrari: A Cautious Buy On This Luxury Powerhouse

Ferrari has no problem growing its revenue and earnings in virtually any economic environment. One key to the company's success is the powerful brand, which will drive results over the long term.

Is Ferrari Stock a Buy?

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Markets Defused aims to present an easy-to-understand and straightforward recap of the day's most engaging stock market news.   BP profits ‘miss' expectations Disney drops but streaming turns first profit Peloton stock rallies on takeover talk Crocs stock stomps higher despite Heydude slippage Ferrari revved up financial results, investor wanted more UBS financials smashed expectations Boeing on back foot again as FAA launches investigation Palantir's 2024 revenue forecast got a big AI boost   BP profits ‘miss' expectations London-listed oil major BP PLC (LSE:BP.

BP, Disney, Peloton, Crocs, Ferrari, Boeing, UBS, Palantir - Markets Defused

Ferrari N.V. (NYSE:RACE ) Q1 2024 Earnings Conference Call May 7, 2024 9:00 AM ET Company Participants Nicoletta Russo - Head of Investor Relations Benedetto Vigna - Chief Executive Officer Antonio Picca Piccon - Chief Financial Officer Conference Call Participants George Galliers - Goldman Sachs John Murphy - Bank of America Tom Narayan - RBC Capital Markets Monica Bosio - Intesa SanPaolo Adam Jonas - Morgan Stanley Michael Binetti - Evercore ISI Stephen Reitman - Bernstein SG Anthony Dick - ODDO BHF Martino de Ambroggi - Equita Gianluca Bertuzzo - Intermonte SIM Thomas Besson - Kepler Cheuvreux Gabriele Gambarova - Banca Akros Henning Cosman - Barclays Operator Good day and thank you for standing by.

Ferrari N.V. (RACE) Q1 2024 Earnings Call Transcript

Ferrari (RACE) shares fell in intraday trading Tuesday after the luxury car maker's shipped vehicles were roughly flat in the first quarter, even as earnings topped expectations.

Ferrari Falls Despite Earnings Beat as Shipments Remain Flat

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Celsius stock, Ferrari skid early Tuesday. Crocs shares rallies after all three companies beat earnings views.

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Ferrari (NYSE:RACE) fell over 3% on Tuesday after sticking with guidance despite reporting double-digit revenue and profit growth for the first quarter. Adjusted earnings climbed 12.7% to €605 million over the three months to March, Ferrari reported, as margins expanded from 37.6% to 38.2%.

Ferrari shares fall as guidance held despite better profit

Luxury supercar maker Ferrari reported positive earnings for Q1 2024 today, proving that companies which cater to the rich and famous have had far less of the inflationary pressures of other brands. Encouraging sales from the12Cilindri and 12Cilindri Spider models, as well as a higher percentage of clients personalising their already bespoke vehicles, were great contributors.

Ferrari reports double digit profits and revenues in earnings today, reaffirms 2024 guidance

Ferrari said on Tuesday its core earnings rose 13% in the first quarter of the year as the luxury sports car maker was supported by pricing power and product mix, as well as by a greater contribution from personalisation.

Ferrari's core earnings rose in Q1, sticks to FY guidance

Robust Mix Sustained a Strong Start to the Year Net revenues of Euro 1,585 million, up 10.9% versus prior year, with total shipments of 3,560 units $1flat versus Q1 2023 Adjusted EBIT(1) of Euro 442 million, up 14.8% versus prior year, with adjusted EBIT(1) margin of 27.9% Adjusted net profit(1) of Euro 352 million and adjusted diluted EPS(1) at Euro 1.95 Adjusted EBITDA( 1 ) of Euro 605 million, up 12.7% versus prior year, with adjusted EBITDA(1) margin of 38.2% Industrial free cash flow(1) generation of Euro 321 million “The start of the year was very positive: revenues and profits recorded double-digit growth with stable deliveries. This was achieved through an even stronger product and country mix as well as a greater contribution from personalizations.

Robust Mix Sustained a Strong Start to the Year

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As the earnings season moves into final innings, some fast-moving names led by Disney, Ferrari and Constellation are due to report.

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News for Ferrari Stock (RACE)