FerrariRACE
About: 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%.
Employees: 5,392
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
112% more first-time investments, than exits
New positions opened: 91 | Existing positions closed: 43
35% more repeat investments, than reductions
Existing positions increased: 272 | Existing positions reduced: 201
18% more capital invested
Capital invested by funds: $24.3B [Q2] → $28.6B (+$4.3B) [Q3]
13% more funds holding in top 10
Funds holding in top 10: 15 [Q2] → 17 (+2) [Q3]
6% more funds holding
Funds holding: 644 [Q2] → 685 (+41) [Q3]
1.7% more ownership
Funds ownership: 32.92% [Q2] → 34.62% (+1.7%) [Q3]
34% less call options, than puts
Call options by funds: $375M | Put options by funds: $569M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
UBS Susy Tibaldi 67% 1-year accuracy 2 / 3 met price target | 17%upside $513 | Buy Maintained | 6 Nov 2024 |
Evercore ISI Group Michael Binetti 60% 1-year accuracy 28 / 47 met price target | 28%upside $565 | Outperform Maintained | 22 Oct 2024 |
Financial journalist opinion
Based on 11 articles about RACE published over the past 30 days