RACE Stock Summary and Trading Ideas (Ferrari N.V. Common Shares | NYSE:RACE)

Ferrari designs, engineers, and manufactures some of the world's most expensive luxury cars. With supply carefully controlled to be below demand and a brand steeped in decades of motor racing history, a Ferrari is viewed as a status symbol. In 2023, the company sold 13,663 vehicles at an average price over EUR 400,000 with more than 70% of its vehicles being sold to existing Ferrari clients. Eighty-six percent of revenue is generated from the sale of cars and spare parts and 10% from sponsorship, commercial, and brand activities including racing and lifestyle activities. In 2023, the Europe, Middle East, and Africa region accounted for 48% of revenue, the Americas was 30%, mainland China, Hong Kong, and Taiwan was 10%, and the rest of Asia was 13%.

Ferrari N.V. Common Shares trades on the NYSE stock market under the symbol RACE.

As of April 9, 2025, RACE stock price climbed to $399.71 with 332,979 million shares trading.

RACE has a beta of 0.65, meaning it tends to be less sensitive to market movements. RACE has a correlation of 0.15 to the broad based SPY ETF.

RACE has a market cap of $71.20 billion. This is considered a Large Cap stock.

Last quarter Ferrari N.V. Common Shares reported $2 billion in Revenue and $2.28 earnings per share. This beat revenue expectation by $193 million and exceeded earnings estimates by $.46.

In the last 3 years, RACE traded as high as $509.13 and as low as $167.45.

The top ETF exchange traded funds that RACE belongs to (by Net Assets): DFAI, DIHP, DFIC, FTHI, DFAX.

RACE has underperformed the market in the last year with a return of -5.0%, while SPY returned -2.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in RACE shares. However, RACE has outperformed the market in the last 3 month and 2 week periods, returning -7.9% and -7.9%, while SPY returned -14.8% and -13.1%, respectively. This indicates RACE has been having a stronger performance recently.

RACE support price is $388.97 and resistance is $406.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RACE shares will trade within this expected range on the day.