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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Rising profit estimates, stock buybacks and EV ambitions have sent Ferrari stock to record highs.

Ferrari Stock Breaks Out — And There's More To The Excitement Than Lewis Hamilton

Ferrari reported strong second quarter results, beating estimates with revenue growth, margin improvement, and EPS growth. The company's unique business model, scarcity of products, and control over sales contribute to consistent growth and margin expansion. Analyst consensus on Ferrari's valuation and growth potential is underestimated, with the company expected to outperform expectations in the future.

Ferrari: After Q2 Earnings Beat, Consensus Estimates Still Seem Low

Allison Transmission Hlds

Investors interested in stocks from the Automotive - Original Equipment sector have probably already heard of Allison Transmission (ALSN) and Ferrari (RACE). But which of these two stocks is more attractive to value investors?

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

Stellantis N.V. 

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Ferrari (RACE) boosted its full-year guidance when delivering second-quarter results that topped revenue expectations on Thursday.

Ferrari Lifts Full-Year Guidance on Q2 Shipment Growth

Ferrari N.V. (NYSE:RACE ) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET Company Participants Benedetto Vigna - Chief Executive Officer Antonio Picca Piccon - Chief Financial Officer Conference Call Participants John Murphy - Bank of America Merrill Lynch Michael Binetti - Evercore ISI George Galliers - Goldman Sachs Thomas Besson - Kepler Cheuvreux Henning Cosman - Barclays Stephen Reitman - Bernstein Martino de Ambroggi - Equita Anthony Dick - ODDO BHF Monica Bosio - Intesa SanPaolo Operator Good day, and thank you for standing by.

Ferrari N.V. (RACE) Q2 2024 Earnings Call Transcript

Ferrari (RACE) came out with quarterly earnings of $2.46 per share, beating the Zacks Consensus Estimate of $2.21 per share. This compares to earnings of $1.99 per share a year ago.

Ferrari (RACE) Q2 Earnings and Revenues Beat Estimates

Ferrari on Thursday raised its forecasts for its full-year revenues core earnings, after the luxury sports car maker beat estimates in the second quarter, supported by a richer product offer and increased demand for personalisations.

Ferrari ups FY forecasts after strong Q2 on larger offer, personalisations

Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) today announces its consolidated preliminary results(1) for the second quarter and six months ended June 30, 2024:

Q2 2024 RESULTS CONFIRM STRONG EXECUTION AND CONTINUED GROWTH 2024 GUIDANCE REVISED UPWARD

Ferrari said on Tuesday its Dutch parent company Ferrari N.V. has strengthened ties with the Italian tax authority by joining a compliance programme that includes regular and preemptive checks aimed at preventing potential tax disputes.

Ferrari shores up cooperation with Italian tax authority to ensure transparency

Cleveland-Cliffs

Texas Instruments

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Ferrari (RACE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Ferrari (RACE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Italian luxury carmaker Ferrari said Wednesday its European dealers will start accepting cryptocurrency, following a similar move in the United States.

Ferrari to accept crypto-payments in Europe

Ferrari said on Wednesday it would extend its scheme to accept payments in cryptocurrency for its luxury sports cars to its European dealers network from the end of this month, after starting in the United States last year.

Ferrari extends cryptocurrency payment system to Europe after US launch

Ferrari leads the Luxury Performance Car Industry with a 25% market share and plans to release its first electric car in Q4 2025. Financial performance is strong, with revenue growth of 7% and earnings growth of 12%, but the stock's growth prospect is limited. Despite excellent business performance, Ferrari shares are overvalued based on P/E, suggesting caution for potential investors.

Ferrari: Quantitative Analysis Suggests The Stock Is Overvalued

Investors interested in stocks from the Automotive - Original Equipment sector have probably already heard of Allison Transmission (ALSN) and Ferrari (RACE). But which of these two stocks presents investors with the better value opportunity right now?

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

Maranello (Italy), July 17, 2024 - Ferrari N.V. (“Ferrari”) (NYSE/EXM: RACE) announced today that its financial results for the second quarter of 2024 will be released on Thursday, August 1, 2024.

Ferrari to Announce Second Quarter 2024 Financial Results on August 1

QYLD is an ETF that employs a covered call strategy on the Nasdaq index, giving away upside potential when the market rallies. The fund pays out monthly dividends with an 11% distribution yield, but lags behind the Nasdaq in terms of total return. For income generation with more upside potential, consider the Columbia Seligman Premium Technology Growth Fund (STK) as an alternative.

QYLD: Buying A Ferrari Only To Set Its Speed Limit At 100 Mph

Growth in electric vehicle sales has been slowing, but the Italian luxury carmaker is stepping up investment and setting ambitious targets.

As the E.V. Revolution Slows, Ferrari Enters the Race

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Tesla

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Luxury sports car maker Ferrari on Monday announced two new warranty extension schemes allowing owners of its hybrid models to have the batteries of their vehicles replaced at given times.

Ferrari launches battery replacement scheme to preserve performance, value of its cars

Oshkosh

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 Is the Better Value Option?

Maranello (Italy), June 28, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 350 million share buyback program announced on November 7, 2023, as the fourth 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 “Fourth 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.: Completion of the Fourth Tranche and Announcement of the Fifth Tranche of the Multi-Year Share Repurchase Program

The first electric Ferrari supercar and Tesla Roadster may both arrive in 2025. Ferrari stock rose near a buy point and Tesla also rallied.

How Ferrari Is Future-Proofing Its Business As A Battle Of The Supercar Stocks Looms

Ferrari will use its new production site to boost manufacturing flexibility and shorten the time needed to develop and roll out new models, rather than to increase output, the CEO of the Italian luxury sports carmaker said on Friday.

News for Ferrari Stock (RACE)