Ferrari (RACE)
Builds low-volume, allocation-driven sports cars and grand tourers, then races them in Formula 1.
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Builds sports cars, grand tourers, and limited-edition hypercars around V6, V8, and V12 engines, deliberately capping output near 13,752 cars a year and allocating them by a buyer's history with the brand. Races every Formula 1 season since 1950 as Scuderia Ferrari, folding sponsorship and racing income into the same revenue as car sales.
Traces back to a 1939 Modena workshop and grew into a Maranello-based builder of sports cars, grand tourers, and limited-edition hypercars, running V6, V8, and V12 engines alongside a growing hybrid range, with a four-door model and a first fully electric model extending the lineup.
Output stays deliberately below demand — 13,752 cars in 2024 — allocated through a selection process weighing a buyer's history with the brand above simply placing an order.
Racing under the Scuderia Ferrari name in Formula 1 every season since 1950 keeps commercial and sponsorship income tied to the same business as car sales. Listed in 2015 after separating from Fiat Chrysler, the company remains controlled by the Agnelli family's holding company and the founder's son, and reports results in euros as a Dutch-domiciled filer.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 10, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $442 | Target: $460 |
| Jul 31, 2026 | UBS | Reiterate | Rating: —Target: $497 | Target: $490 |
| Jul 31, 2026 | Bernstein | Reiterate | Rating: —Target: $410 | Target: $460 |
| Jul 31, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $438 | Target: $442 |
| Jul 31, 2026 | Needham | Upgrade | Rating: — |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.72B · Total debt $3.62B · Total assets $11.67B · Shareholders' equity $4.18B
- Revenue
- $2.21B
- Operating income
- $700.9M
- Net income
- $528.0M
Reported in EUR, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | ≈ 51.40% | 120.24M ADS | |
|---|---|---|---|
| 758 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 16.14% | 37.77M ADS | |
| 1 holder · as of Jan 6, 2026 | |||
| Other | ≈ 32.46% | 75.94M ADS | |
| remainder | |||
233.94M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (233.94M in the company's Sep 22, 2026 report, 175.92M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Exor N.V.Insider | 16.14% | 37.77M | filed Jan 6, 2026 |
Baillie Gifford & CoInstitution | 3.05% | 3.57M ADS · 3.57M ADS | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 3.03% | 3.54M ADS · 3.54M ADS | as of Jun 30, 2026 |
Morgan StanleyInstitution | 2.73% | 3.20M ADS · 3.20M ADS | as of Jun 30, 2026 |
AmundiInstitution | 2.62% | 3.06M ADS · 3.06M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ferrari | $412.68 | −0.83% | $73.20B | 39.3 | 33.9 | 8.7 | +5.2% |
| Stellantis | $4.82 | +0.10% | $13.92B | — | — | — | −43.2% |
| Median | — | — | — | −43.2% |