Royal Bank of Canada Sells 18,314 Shares of Ferrari N.V. $RACE

Key Points

• Royal Bank of Canada reduced its Ferrari stake by 3.9%, selling 18,314 shares and retaining 448,314 shares valued at approximately $151.7 million.
• Analyst sentiment remains positive: Ferrari has a consensus “Moderate Buy” rating and an average price target of $471.97, with UBS and Morgan Stanley recently raising their targets or ratings.
• Ferrari continues to benefit from strong demand for customized vehicles, a fully booked order book through 2027 and solid earnings growth, though its premium valuation and risks surrounding the Luce electric model remain considerations.

Royal Bank of Canada decreased its holdings in Ferrari N.V. (NYSE:RACE - Free Report) by 3.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 448,314 shares of the company's stock after selling 18,314 shares during the period. Royal Bank of Canada owned approximately 0.19% of Ferrari worth $151,733,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Fideuram Asset Management Ireland dac bought a new stake in Ferrari in the fourth quarter worth $29,000. Entrust Financial LLC bought a new position in shares of Ferrari during the fourth quarter valued at about $33,000. Bellevue Asset Management LLC bought a new position in shares of Ferrari during the first quarter valued at about $34,000. Bamco Inc. NY increased its holdings in shares of Ferrari by 790.9% in the fourth quarter. Bamco Inc. NY now owns 98 shares of the company's stock worth $36,000 after buying an additional 87 shares during the period. Finally, CoreCap Advisors LLC increased its holdings in shares of Ferrari by 70.0% in the fourth quarter. CoreCap Advisors LLC now owns 102 shares of the company's stock worth $38,000 after buying an additional 42 shares during the period.

Analyst Upgrades and Downgrades

RACE has been the subject of a number of recent research reports. UBS Group increased their target price on Ferrari from $483.00 to $497.00 and gave the company a "buy" rating in a report on Thursday, July 2nd. Morgan Stanley raised Ferrari from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $388.00 to $438.00 in a research note on Monday, June 15th. Weiss Ratings reiterated a "hold (c)" rating on shares of Ferrari in a research report on Wednesday, July 8th. Sanford C. Bernstein reissued an "outperform" rating on shares of Ferrari in a research note on Tuesday, June 2nd. Finally, Wolfe Research assumed coverage on shares of Ferrari in a report on Tuesday, July 7th. They issued an "outperform" rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $471.97.

Key Stories Impacting Ferrari

Here are the key news stories impacting Ferrari this week:

• Positive Sentiment: Q2 earnings and revenue beat expectations. Ferrari reported approximately €1.94 billion in revenue, with operating profit, net income and diluted EPS rising year over year. Reported EPS exceeded the roughly $2.83 consensus estimate, while revenue also topped forecasts. Ferrari Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Personalization and favorable vehicle mix lifted results. Strong customer spending on customized vehicles boosted margins and profits. Ferrari said demand remains healthy, with its order book fully covering 2027, providing significant forward revenue visibility. Ferrari Buyers Keep Splurging on Custom Supercars
• Positive Sentiment: Ferrari raised its 2026 guidance. Management cited sustained personalization demand, new-model deliveries and disciplined execution. The increase was modest, but it reinforced confidence that the earnings momentum can continue. Ferrari Raises 2026 Guidance After Q2 Earnings Beat
• Positive Sentiment: Cash generation was a further strength. Operating cash flow reportedly rose sharply year over year, while Ferrari continued investing in its operations without signs of balance-sheet stress.
• Neutral Sentiment: The Luce EV appears commercially viable despite criticism. Ferrari’s CEO said the company is pleased with orders for its first fully electric model, and reports indicated that its 2026 sales target was reached quickly, particularly on Chinese demand. However, the model’s polarizing design and negative launch reviews remain a reputational and execution risk. Ferrari Very Pleased With Orders for Luce EV
• Neutral Sentiment: Valuation remains a consideration. With Ferrari trading at a premium earnings multiple, continued share appreciation likely depends on further earnings growth, successful new-model launches and sustained demand for high-margin personalization.

Ferrari Stock Performance

Ferrari stock opened at $398.64 on Friday. The company has a current ratio of 5.20, a quick ratio of 4.08 and a debt-to-equity ratio of 0.72. The firm has a market cap of $93.26 billion, a P/E ratio of 38.25, a P/E/G ratio of 3.31 and a beta of 0.92. Ferrari N.V. has a 1-year low of $312.51 and a 1-year high of $504.49. The firm has a 50-day moving average of $364.20 and a 200-day moving average of $352.74.

About Ferrari

Ferrari N.V. NYSE: RACE is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company's core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.

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