NYSE:RACEAuto
Ferrari Launches €3.5b Buyback As Valuation And Momentum Diverge
Ferrari (NYSE:RACE) has launched a multi year share buyback program totaling €3.5b.
The company has started the first tranche of purchases, beginning the execution phase of this plan.
The buyback framework is designed to run over several years, signaling active capital return to shareholders.
For investors, this move comes from a company known for its high end sports cars, racing heritage, and tightly controlled brand. A multi year buyback of this size reflects a balance sheet that can...