RACE Stock Recent News

Luxury sports-car maker Ferrari said on Tuesday its core earnings rose 15% in the first quarter supported by a richer product mix and demand for personalisation of vehicles, but reiterated U.S. tariffs could hit profitability this year

“Another year is off to a great start” said Benedetto Vigna, CEO of Ferrari. “In the first quarter of 2025, with very few incremental shipments year on year, all key metrics recorded double-digit growth, underscoring a strong profitability driven by our product mix and continued demand for personalizations. This confirms – once again – our strategy of ‘quality of revenues over quantity'. We continue to enrich our product offering – in line with our plans – with six new models this year, which include the newly launched 296 Speciale, 296 Speciale A and the much-anticipated Ferrari elettrica through a unique and innovative unveiling. We are very excited about what lies ahead.”

Ferrari's strong revenue growth, averaging 18.3% annually over five years, is driven by its luxury brand positioning, scarcity, and rich heritage. Ferrari's legacy in motorsports and strict brand image rules create a unique competitive moat, sustaining high demand and pricing power. Despite minimal shipment growth, Ferrari's ASP has increased by 6.8% annually, reflecting its strategy to maintain scarcity and drive demand.

Depending on who you ask, or where you read your financial news, the chances of a recession in the U.S. during 2025 sits between 45% and 60%. Obviously, this will change how some people invest, at least temporarily.

We initiate on Ferrari (NASDAQ: RACE) with a Strong Buy rating and $537.29 PT on strong brand heritage and unmatched pricing power. Ferrari's premium multiples are supported by a combination of brand assets, innovation, and history of above-market return; 31x FY25E EV/EBITDA multiple reflects a disciplined optimism. We estimate 16% and 11% EBITDA growth in FY25E and FY26E, respectively, supported by a frontloaded model cadence, strong order visibility, and margin accretion from Purosangue and personalisation.

Ferrari (RACE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Ferrari refreshed its hybrid range on Tuesday with the new 296 Speciale and its convertible version as the luxury sports car maker prepares for its first leap into the fully electric era.

Benedetto Vigna, the CEO of luxury carmaker Ferrari says the company will adapt to US tariffs and is planning to raise prices for some of its cars in the US by up to 10%. President Trump is on track to ease the impact of his auto tariffs, including a reprieve for imported automobiles from separate tariffs on aluminum and steel.

Ferrari Chief Executive Benedetto Vigna said on Tuesday the Italian luxury sportscar maker would never buy key components for its vehicles from external suppliers.

Leapmotor has struck a deal with Chinese state-owned automaker FAW to deliver an electric vehicle platform that will be used to drive overseas sales for Hongqi, an emerging national champion, executives from both companies said.