News about Ferrari

Ferrari's all-electric Luce is scheduled for delivery in the fourth quarter.

Ferrari's Luce, its first electric car and one of its most polarizing models, is fully allocated for its 2027 production run, CEO Benedetto Vigna said, meaning every planned car already has a buyer. The five-seater, designed by Jony Ive, starts at about $615,000 and is expected to begin deliveries in the fourth quarter; Ferrari has not disclosed its production volume, while the Financial Times, citing unnamed sources, reported plans to sell just under 500 units this year. Customizations accounted for more than 21% of revenue from cars and spare parts and helped boost profits. In the third quarter, revenue rose 7% to €1.9 billion and net income rose 13% to €431 million, and Ferrari raised its full-year adjusted earnings outlook to at least €3 billion ($3.36 billion), from €2.97 billion.

Ferrari (RACE) beat second-quarter earnings estimates and slightly raised its full-year guidance. Revenue reached 1.9 billion euros, up 7%, while EBITDA rose 12% to 753 million euros, a 39.7% margin. Guidance now calls for net revenues of 7.65 billion euros (versus 7.6 billion) and adjusted EBITDA of 3 billion euros (versus 2.97 billion). Rolls-Royce's North American CEO reported no dip in buyers, and Ferrari's backlog runs through 2028. Commentators argue the stock market's wealth effect is supporting US consumption, and ask how much that could weaken if AI stocks pull back.

Ferrari raised its 2026 guidance after slightly beating third-quarter expectations, with adjusted EPS of 2.44 euros ($2.77) versus 2.37 euros expected and revenue of 1.9 billion euros versus 1.89 billion euros. New guidance calls for revenue of 7.65 billion euros (from 7.6 billion), adjusted EBITDA of 3 billion euros (from 2.97 billion), adjusted EPS of at least 9.85 euros (from at least 9.68 euros) and industrial free cash flow of up to 1.65 billion euros (from at least 1.55 billion). The company credited stronger-than-expected customer personalizations, lower currency headwinds and its second-place Formula 1 finish, even as shipments fell by 318 units to 10,170 vehicles over nine months. RBC Capital Markets analyst Tom Narayan said results were largely in line with expectations, and shares may face slight pressure because some investors had hoped for a bigger guidance raise.

Broad Arrow Auctions and Private Sales, driven by Hagerty (NYSE: HGTY), is offering a Ferrari lineup for its second annual Las Vegas Auction on October 31 with Concours at Wynn Las Vegas, plus a Zürich sale on November 7. The headline lot is a 2025 Ferrari Daytona SP3 with an estimate of $16,000,000 to $18,000,000; it is one of 600 built and shows just 81 miles. Other lots include a 2014 LaFerrari (estimate $8,500,000 to $10,000,000), a 2003 Enzo ($6,500,000 to $8,500,000) and a 2011 599 SA Aperta ($4,100,000 to $4,500,000). Hagerty says modern supercars now account for 38 percent of the global collector car auction market and hypercars for 32 percent.