RACE Stock Recent News

Maranello (Italy), December 20, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 150 million share buyback program announced on December 5, 2024, as the sixth 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 “Sixth 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:

Maranello (Italy), December 16, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 150 million share buyback program announced on December 5, 2024, as the sixth 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 “Sixth Tranche”), the following 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 Chief Executive Benedetto Vigna said Formula One was in the DNA of the company as earlier on Tuesday it announced it would supply engines and gearboxes to a new Cadillac Formula One team in a multi-year agreement from 2026.

Maranello (Italy), December 10, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) today announces a multi-year agreement starting from 2026 with Andretti Formula Racing LLC, regarding the supply of power unit and gearbox to the racing team led by TWG Global and General Motors, subject to Andretti Formula Racing LLC receiving written confirmation from the FIA – F1 that its entry to the 2026 FIA Formula One Championship has been accepted and approved.

Investors interested in Automotive - Original Equipment stocks are likely familiar with Strattec Security (STRT) and Ferrari (RACE). But which of these two companies is the best option for those looking for undervalued stocks?

Ferrari's shares declined due to misconceptions about China, unit shipments, and non-recurring operations, presenting a buying opportunity. The decline in shipments is due to an ERP transition, and the China reduction is intentional. Ferrari's unique market position, strong brand, and prudent management justify its high valuation and promise market-beating returns.

President-elect Donald Trump has vowed to impose steep tariffs on China, Canada and Mexico in one of his first acts in office, threatening to shake up the auto industry's supply chains and raising investor concerns about higher costs. The fact that Europe was not mentioned in Trump's first tariff announcement will be regarded as welcome news for European Union policymakers, although the 27-nation bloc is likely worried that it's just a matter of time before Trump turns his attention to the region's auto sector.

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1 Magnificent Stock Up Almost 700% in 9 Years: Is It a No-Brainer Buying Opportunity Right Now?

Maranello (Italy), November 22, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 250 million share buyback program announced on June 28, 2024, as the fifth 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 “Fifth Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the New York Stock Exchange (NYSE) as follows: