Ferrari N.V. has provided an update on its share buyback program, indicating substantial progress in its ongoing efforts to enhance shareholder value. The company has executed significant purchases under its Euro 250 million third tranche of a multi-year buyback initiative, totaling approximately Euro 3.5 billion expected to be completed by 2030. This move is particularly noteworthy as it underscores Ferrari's strategy to return capital to its investors while navigating a competitive automotive landscape.
The update comes as Ferrari continues to solidify its position within the motor vehicles and passenger car bodies industry. The company, listed on the NYSE under the ticker RACE, has been actively engaging in share repurchases since the announcement of its buyback program during the 2025 Capital Markets Day.
According to the filing dated October 13, 2026, Ferrari reported that it has purchased a total of 43,000 common shares as part of the buyback initiative. This includes shares traded on both the Euronext Milan and the NYSE. The average price per share for these transactions was approximately €344.08, with a total investment of around €14.8 million.
As of October 9, 2026, the company held 1,921,927 common shares in treasury, representing 1.08% of the total issued shares. This figure reflects Ferrari's ongoing commitment to its buyback strategy, which aims to enhance shareholder returns and manage its capital structure effectively. The total consideration invested in the buyback program since its inception on January 5, 2026, has reached approximately €627.7 million.
Ferrari's buyback program is part of a broader strategy to strengthen its market position while responding to the evolving dynamics of the automotive industry. As competitors also engage in share repurchase activities, Ferrari's proactive approach may set a benchmark for others in the luxury vehicle segment.
Looking ahead, Ferrari is expected to continue its buyback program, with additional filings likely to provide further updates on the progress and impact of these transactions. The company has indicated that it will report on its buyback activities regularly, ensuring transparency for its investors and stakeholders.
For more detailed information on the buyback program, Ferrari has made a comprehensive overview available on its corporate website, which includes specifics of the transactions carried out under this initiative.