Ferrari Accelerates Buyback Program with €21 Million in Fresh Purchases—Treasury Shareholding Climbs Over 9%
Buyback Activity Surges: Over €21 Million Deployed in a Single Week
Ferrari N.V. isn’t slowing down on its ambitious multi-year buyback program. During the first week of May 2026, the luxury automaker deployed over €21 million to repurchase a combination of 73,191 common shares across both Euronext Milan (EXM) and the New York Stock Exchange (NYSE). This move comes amid the second tranche of its €3.5 billion buyback initiative, a major capital return strategy outlined in last year's Capital Markets Day.
This recent burst of activity underscores Ferrari's growing focus on shareholder value. Over five consecutive trading days, the company made targeted acquisitions—primarily on the EXM, with one sizeable purchase on the NYSE—at prices averaging between €283.75 and €290.43 per share in Europe and about $337.94 on the NYSE.
Treasury Shareholding Reaches 9.09% of Issued Shares
Following these purchases, Ferrari now holds 17,634,681 treasury shares, representing 9.09% of total issued common shares. When factoring in special voting shares, the figure rises to 9.45% of total share capital. It's important to note that these calculations could shift once previously approved cancellations of treasury shares by shareholders are implemented—a move pending following the April 15, 2026 Annual General Meeting.
| Date (d/m/y) | No. of Shares (Total) | Avg. Price per Share (€) | Total Consideration (€) |
|---|---|---|---|
| 04/05/2026 | 17,000 | 290.43 | 4,937,253.90 |
| 05/05/2026 | 11,284 | 286.39 | 3,231,646.20 |
| 06/05/2026 | 16,803 | 283.75 | 4,767,898.30 |
| 07/05/2026 | 20,104 | 287.56 | 5,781,024.89 |
| 08/05/2026 | 8,000 | 290.04 | 2,320,295.20 |
| Total | 73,191 | 287.44 | 21,038,118.49 |
Long-Term Commitment: €324.60 Million Invested Since January
Ferrari's latest purchases are just a sliver of the broader initiative. Since the January 5, 2026 launch of its buyback program, the company has repurchased 1,100,455 shares for a staggering total consideration of €324,595,751.34. The scale underscores both management's confidence in Ferrari’s future and its capital return ambitions stretching toward 2030.
Looking ahead, the company still has significant firepower left in its €3.5 billion buyback plan—suggesting continued buyback activity that may continue to support per-share metrics and potentially steady the stock during periods of volatility.
What This Means for Investors
The escalation in treasury share accumulation is a strong signal of Ferrari’s commitment to long-term capital management and confidence in its own growth trajectory. For investors, ongoing buybacks can translate into enhanced earnings per share and the potential for higher shareholder returns—though the ultimate impact will depend on future buyback execution and market conditions.
It’s worth watching whether the approved but unexecuted treasury share cancellation adds further momentum to these metrics. For readers seeking more granular details—including daily buyback records—Ferrari’s corporate website offers a full transaction ledger under its Buyback Programs section.
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