Ferrari reports progress on its 250 million euro share buyback tranche
Ferrari disclosed its third buyback tranche: 34,212 shares bought on Euronext Milan from October 12 to 16 for about 12 million euros in total.
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what happened
Ferrari N.V. published a periodic report on its share buyback program. The company said that under the third tranche of its 250 million euro program, announced on September 1, 2026, it bought 34,212 common shares on Euronext Milan between October 12 and 16. The weighted average price was 349.52 euros, and the total consideration excluding fees was 11,957,818.56 euros.
Since the tranche was announced through October 16, the company has spent about 101.5 million euros on 287,511 shares on EXM and about 31.5 million dollars (around 27.5 million euros) on 77,824 shares on NYSE. As of October 16, Ferrari held 1,956,139 shares in treasury, or 1.10% of total issued common shares.
why it matters
The overall program is about 3.5 billion euros through 2030, so purchases within a single tranche are modest for the broader market. For shareholders, regular reports like this signal steady support for the stock, but the effect on the wider market is minimal.
market impact
Ferrari (RACE): steady buybacks give modest support to the stock, with little effect on the broader market
tags
instruments
sources
- FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM — globenewswire.com, 19 October 2026 at 15:15 UTC
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