Ferrari (RACE) Stock Edges Lower Amid Ongoing €3.5 Billion Share Repurchase Initiative

Quick Overview

• RACE stock declines 0.33% even as Ferrari’s €3.5B repurchase program progresses.
• Ferrari shares experience late-session weakness despite ongoing buyback transactions.
• Luxury automaker continues EXM share acquisitions under multi-year capital return initiative.
• Ferrari’s treasury share position expands while RACE closes marginally lower.
• Stock shows modest weakness as Ferrari maintains capital distribution commitment.

Ferrari N.V. (RACE) concluded trading in negative territory following a volatile session, while the iconic automaker continued executing its substantial share repurchase initiative. RACE closed at $348.24, representing a 0.33% decline, after touching a late session low near $347.02. This price movement coincided with Ferrari’s disclosure of additional share acquisitions under its €250 million second phase repurchase authorization.

Ferrari N.V., RACE

Ferrari Expands Holdings Through Second Phase Acquisitions

The Italian luxury performance car manufacturer acquired 20,321 ordinary shares through Euronext Milan during two separate May trading sessions. On May 18, Ferrari purchased 12,982 shares at a weighted average price of €274.5472. Subsequently, on May 20, the company added another 7,339 shares at an average cost of €285.1737.

These recent acquisitions represented aggregate expenditure of €5.66 million, not including transaction costs. The purchases fall within the €250 million repurchase authorization that Ferrari publicly announced on April 10, 2026. This phase constitutes one component of an expansive multi-year shareholder return initiative totaling approximately €3.5 billion.

Ferrari anticipates completing the comprehensive buyback program by the end of 2030. The initiative aligns with strategic commitments the company presented during its 2025 Capital Markets Day presentation. Furthermore, these regular updates provide transparency regarding Ferrari’s ongoing approach to capital allocation and shareholder value enhancement.

RACE Shares Weaken Despite Repurchase Activity

RACE finished trading at $348.24, representing a 0.33% decrease, following inconsistent intraday movement. The shares exhibited volatile behavior throughout the session, with intensified selling emerging during closing hours. This late-day pressure drove the stock down toward the $347.02 level before the final bell.

The modest price decline occurred even as Ferrari actively repurchased its own equity. Buybacks typically decrease the number of shares outstanding, potentially boosting per-share earnings metrics over extended periods. However, daily stock fluctuations frequently reflect general market dynamics and near-term investor sentiment rather than specific corporate actions.

As of May 22, 2026, Ferrari maintained 17,752,329 ordinary shares in its treasury account. This position represented 9.15% of the company’s total issued ordinary shares. When incorporating special voting shares into the calculation, treasury holdings accounted for 9.50% of total issued capital.

Total Buyback Investment Surpasses €357 Million

Since initiating the second tranche program, Ferrari has deployed €86.92 million toward EXM share acquisitions. Through May 22, the company accumulated 297,808 ordinary shares on that European exchange. Additionally, Ferrari committed $11.50 million to purchase 34,850 shares through New York Stock Exchange transactions.

Commencing January 5, 2026, Ferrari has repurchased 1,218,103 of its own ordinary shares. This cumulative total encompasses transactions associated with Sell to Cover activities. Combined across both EXM and NYSE platforms, total consideration has reached €357.49 million through May 22.

Ferrari noted that the previously approved cancellation of treasury shares remains pending implementation. As a result, the company has not yet incorporated that reduction into current ownership percentage calculations. The most recent disclosure figures therefore continue to reflect treasury stock positions prior to executing the authorized cancellation procedure.

The post Ferrari (RACE) Stock Edges Lower Amid Ongoing €3.5 Billion Share Repurchase Initiative appeared first on Blockonomi.