Ferrari Deploys €523.4M Across Third Tranche of €3.5B Repurchase Program
Resolved · corporate · Occurred · Assessed · 1 sources
This assessment is dated 2026-09-08. Check what remains unresolved below before relying on it.
What does this change in the investment case for Ferrari?
Execution of the €3.5 billion open-market buyback program reduces free float and generates steady EPS accretion for RACE.
| Question | What the evidence establishes |
|---|---|
| What was reported? | Reported factFerrari N.V. repurchased 35,641 common shares across Euronext Milan and the NYSE. |
| What else was confirmed? | Reported factThe transactions form part of the third tranche of its multi-year €3.5 billion share buyback program announced at the 2025 Capital Markets Day. |
| Does the valuation support acting? | UnknownNo stored valuation assumptions for RACE yet — this is the next research task. |
| What would change the assessment? | UnknownFerrari Weekly Buyback Tranche Filings — Track pace of Euronext Milan and NYSE share repurchases against the remaining €3.0B authorization. |
What would this event cost your holdings?
Apply your own hypothetical returns to current holding values. The calculator does not infer security effects from this event.
Test this event against my holdingsReported facts
- · Ferrari N.V. repurchased 35,641 common shares across Euronext Milan and the NYSE.
- · The transactions form part of the third tranche of its multi-year €3.5 billion share buyback program announced at the 2025 Capital Markets Day.
- · As of September 4, 2026, Ferrari has invested €523.4 million to repurchase a cumulative 1,736,825 shares.
Public research record
Research framework · page evidenceCompleted event assessment
float reduction and programmatic equity capital return
| Type | Claim | Scope |
|---|---|---|
| Assumption | Ferrari N.V. repurchased 35,641 common shares across Euronext Milan and the NYSE. | 2026-09-08 |
| Interpretation | float reduction and programmatic equity capital return | RACE |
Countercase, invalidators, and sources
Consistent open-market repurchases support equity valuation multiples while vehicle order books remain filled.
- · Ferrari Weekly Buyback Tranche Filings — Track pace of Euronext Milan and NYSE share repurchases against the remaining €3.0B authorization.
- FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM · 2026-09-07
What remains unresolved
- Base path
- Repurchase program continues at scheduled daily run-rates through the remainder of the third tranche.
- Adverse path
- Capital allocation priorities shift toward electrification facility capex, slowing discretionary buyback execution.
- Supportive path
- Consistent open-market repurchases support equity valuation multiples while vehicle order books remain filled.
- · Ferrari Weekly Buyback Tranche Filings — Track pace of Euronext Milan and NYSE share repurchases against the remaining €3.0B authorization.this week
Evidence
- FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM2026-09-07
“Ferrari N.V. has purchased 35,641 common shares across Euronext Milan and NYSE as part of its third tranche of a multi-year €3.5 billion share buyback program... As of September 4, 2026, the company has invested €523.4 million to repurchase 1,736,825 shares.”
Supports: Ferrari purchased 35,641 shares; cumulative buyback reached €523.4M across 1,736,825 shares as of Sept 4, 2026.